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2022
Flag → Flag
Exports $2.9MRnk 71 / 153
2022
Flag → Flag
Top Product $368kFrozen Bovine Meat
2022
Flag → Flag
Exports $1.63MRnk 45 / 123
2022
Flag → Flag
Top Product $1.5MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Panama-Cuba Trade: In 2022, Panama exported $2.9M to Cuba. The main products that Panama exported to Cuba were Frozen Bovine Meat ($368k), Mixed Mineral or Chemical Fertilizers ($364k), and Cement ($357k). Over the past 5 years the exports of Panama to Cuba have decreased at an annualized rate of 56.2%, from $179M in 2017 to $2.9M in 2022.

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

Cuba-Panama Trade: In 2022, Cuba exported $1.63M to Panama. The main products that Cuba exported to Panama were Packaged Medicaments ($1.5M), Paintings ($77.7k), and Other Animals ($23.3k). Over the past 5 years the exports of Cuba to Panama have decreased at an annualized rate of 12.6%,  from $3.2M in 2017 to $1.63M in 2022.

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

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17),  and 119 in total exports ($6.62B). That same year, Cuba ranked 161 in total exports ($1.07B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $2.9M to Cuba. The main products exported from Panama to Cuba were Frozen Bovine Meat ($368k), Mixed Mineral or Chemical Fertilizers ($364k), and Cement ($357k). During the last 5 years the exports of Panama to Cuba have decreased at an annualized rate of 56.2%, from $179M in 2017 to $2.9M in 2022.

In 2017, Cuba exported $1.63M to Panama. The main products exported from Cuba to Panama were Packaged Medicaments ($1.5M), Paintings ($77.7k), and Other Animals ($23.3k). During the last 5 years the exports of Cuba to Panama have decreased at an annualized rate of 12.6%, from $3.2M in 2022 to $1.63M in 2017.

Exports from Panama (Flag) to Cuba (Flag) (2022)

Exports from Cuba (Flag) to Panama (Flag) (2022)

Latest Data

Trade between Panama (Flag) and Cuba (Flag)

Panama Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Cuba
Top DestinationChina$426M

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

In 2022, countries that imported more from Panama than Cuba included Japan ($785M), China ($1.14B), and South Korea ($539M).

In 2022, countries that imported more from Cuba than Panama included Portugal ($43.3M), Macau ($28.9M), and Cyprus ($31.2M).

Difference in imports from Cuba (Flag) and Panama (Flag) (2022)

Comparative Advantage Panama - Cuba

Flow
Scale

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

During 2022, Panama had a large net trade with Cuba in the exports of Foodstuffs ($731k), Vegetable Products ($528k), and Animal Products ($490k).

During 2017, Cuba had a large net trade with Panama in the exports of Chemical Products ($1.51M), Arts and Antiques ($77.7k), and Animal Products ($23.3k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Panama and Cuba. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Cuba. Similarly, a dot/product with the flag of Cuba indicates it has a comparative advantage over Panama.

Product Space of Panama (Flag) and Cuba (Flag) (2022)

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