Panama (PAN) and Denmark (DNK) Trade | The Observatory of Economic Complexity

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Panama-Denmark Trade: In 2022, Panama exported $138M to Denmark. The main products that Panama exported to Denmark were Passenger and Cargo Ships ($131M), Fish oil ($2.96M), and Crustaceans ($1.98M). Over the past 5 years the exports of Panama to Denmark have increased at an annualized rate of 62.9%, from $12M in 2017 to $138M in 2022.

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

Denmark-Panama Trade: In 2022, Denmark exported $381M to Panama. The main products that Denmark exported to Panama were Coal Tar Oil ($165M), Passenger and Cargo Ships ($161M), and Other Prepared Meat ($12.9M). Over the past 5 years the exports of Denmark to Panama have increased at an annualized rate of 31.3%, from $74.5M in 2017 to $381M in 2022.

In 2022, Denmark 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, Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Panama exported $138M to Denmark. The main products exported from Panama to Denmark were Passenger and Cargo Ships ($131M), Fish oil ($2.96M), and Crustaceans ($1.98M). During the last 5 years the exports of Panama to Denmark have increased at an annualized rate of 62.9%, from $12M in 2017 to $138M in 2022.

In 2017, Denmark exported $381M to Panama. The main products exported from Denmark to Panama were Coal Tar Oil ($165M), Passenger and Cargo Ships ($161M), and Other Prepared Meat ($12.9M). During the last 5 years the exports of Denmark to Panama have increased at an annualized rate of 31.3%, from $74.5M in 2022 to $381M in 2017.

Exports from Panama () to Denmark () (2022)

Exports from Denmark () to Panama () (2022)

Latest Data

Trade between Panama () and Denmark ()

Panama Exports

Date

Denmark Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.14B

Denmark
Top DestinationGermany$18.9B

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

In 2022, countries that imported more from Panama than Denmark included Costa Rica ($242M), Guatemala ($148M), and Jamaica ($99.7M).

In 2022, countries that imported more from Denmark than Panama included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

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

Comparative Advantage Panama - Denmark

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Panama had a large net trade with Denmark in the exports of Transportation ($131M), Animal and Vegetable Bi-Products ($2.96M), and Animal Products ($1.98M).

During 2017, Denmark had a large net trade with Panama in the exports of Mineral Products ($165M), Transportation ($163M), and Foodstuffs ($19M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Panama Denmark+$249kHard Liquor

Top Product Potential Denmark Panama+$5.47MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Panama () to Denmark () (2022)

Exports from Denmark () to Panama () (2022)

Latest Data

Trade between Panama () and Denmark ()

Panama Exports

Denmark Exports

Market Competitiveness

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

Comparative Advantage Panama - Denmark

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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