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Pricing

2022
Flag → Flag
Exports $2.42MRnk 72 / 153
2022
Flag → Flag
Top Product $2.1MBananas
2022
Flag → Flag
Exports $15.4MRnk 74 / 188
2022
Flag → Flag
Top Product $11.9MRefined Petroleum
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$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
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GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
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GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Panama-Estonia Trade: In 2022, Panama exported $2.42M to Estonia. The main products that Panama exported to Estonia were Bananas ($2.1M), Hard Liquor ($223k), and Melons ($47.2k). Over the past 5 years the exports of Panama to Estonia have increased at an annualized rate of 17.1%, from $1.1M in 2017 to $2.42M in 2022.

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

Estonia-Panama Trade: In 2022, Estonia exported $15.4M to Panama. The main products that Estonia exported to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). Over the past 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%,  from $506k in 2017 to $15.4M in 2022.

In 2022, Estonia 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, Estonia ranked 74 in total exports ($23.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $2.42M to Estonia. The main products exported from Panama to Estonia were Bananas ($2.1M), Hard Liquor ($223k), and Melons ($47.2k). During the last 5 years the exports of Panama to Estonia have increased at an annualized rate of 17.1%, from $1.1M in 2017 to $2.42M in 2022.

In 2017, Estonia exported $15.4M to Panama. The main products exported from Estonia to Panama were Refined Petroleum ($11.9M), Coal Tar Oil ($2.51M), and Crude Petroleum ($265k). During the last 5 years the exports of Estonia to Panama have increased at an annualized rate of 98.1%, from $506k in 2022 to $15.4M in 2017.

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

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

Latest Data

Trade between Panama (Flag) and Estonia (Flag)

Estonia Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Panama included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Panama - Estonia

Flow
Scale

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

During 2022, Panama had a large net trade with Estonia in the exports of Vegetable Products ($2.14M), Foodstuffs ($235k), and Footwear and Headwear ($24k).

During 2017, Estonia had a large net trade with Panama in the exports of Mineral Products ($14.7M), Machines ($221k), and Instruments ($193k).

Economic Complexity

Competitive Landscape

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

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

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