Panama (PAN) and Chile (CHL) Trade | The Observatory of Economic Complexity

About

Panama-Chile In 2022, Panama exported $85.9M to Chile. The main products that Panama exported to Chile are Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). During the last 27 years the exports of Panama to Chile have increased at an annualized rate of 8.73%, from $8.96M in 1995 to $85.9M in 2022.

In 2022, Panama did not export any services to Chile.

Chile-Panama In 2022, Chile exported $340M to Panama. The main products that Chile exported to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). During the last 27 years the exports of Chile to Panama have increased at an annualized rate of 9.69%, from $28M in 1995 to $340M in 2022.

In 2009, Chile exported services to Panama worth $31.9M, with Transportation ($20.6M) and Other business services ($11.3M) being the largest in terms of value.

Comparison In 2022, Panama ranked 51 in the Economic Complexity Index (ECI 0.19), and 119 in total exports ($6.62B). That same year, Chile ranked 71 in the Economic Complexity Index (ECI -0.22), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $85.9M to Chile. The main products exported from Panama to Chile were Refined Petroleum ($18.8M), Perfumes ($7.85M), and Hard Liquor ($6.28M). During the last 27 years the exports of Panama to Chile have increased at an annualized rate of 8.73%, from $8.96M in 1995 to $85.9M in 2022.

In 2022, Chile exported $340M to Panama. The main products exported from Chile to Panama were Refined Petroleum ($168M), Copper Wire ($17.2M), and Fish Fillets ($12.7M). During the last 27 years the exports of Chile to Panama have increased at an annualized rate of 9.69%, from $28M in 1995 to $340M in 2022.

Exports from Panama () to Chile () (2022)

Exports from Chile () to Panama () (2022)

Latest Data

Trade between Panama () and Chile ()

Panama Exports

Date

Chile Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Chile
Top DestinationChina$38.5B

This map shows whether countries import more from Panama or Chile. Each country is colored based on the difference in imports they receive from Panama and Chile or the difference in the growth in imports.

In 2021, countries that imported more from Panama than Chile were Jamaica ($99.7M), Guyana ($49.6M), and Barbados ($45.1M).

In 2021, countries that imported more from Chile than Panama were China ($38.5B), United States ($13.9B), and Japan ($7.43B).

Difference in imports from Chile () and Panama () (2022)

Comparative Advantage Panama - Chile

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Panama and Chile by product, considering products traded by both, Panama and Chile.

During 2022, Panama had a large net trade with Chile in the exports of Mineral Products ($18.8M), Machines ($17.4M), and Chemical Products ($10.5M).

During 2022, Chile had a large net trade with Panama in the exports of Mineral Products ($174M), Foodstuffs ($31.2M), and Metals ($30.2M).

Service Trade

Bilateral Service Trade

Chl Year

2009

2008

In 2009, Chile exported services to Panama worth $31.9M, with Transportation ($20.6M) and Other business services ($11.3M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Chile () to Panama () (2009)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Panama has comparative advantage over Chile. Similarly, the more yellow a dot/product is, the more Chile has comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Chile () (2022)

Exports from Chile () to Panama () (2022)

Latest Data

Trade between Panama () and Chile ()

Panama Exports

Chile Exports

Market Competitiveness

Difference in imports from Chile () and Panama () (2022)

Comparative Advantage Panama - Chile

Service Trade

Bilateral Service Trade

Services Exports from Chile () to Panama () (2009)

Economic Complexity

Competitive Landscape

Product Space of Panama () and Chile () (2022)

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