2023
Flag  
GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
 GDP
$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH
77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
GDP PC 
$7,907CURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC
$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH
52.3%CURRENT US$
Rnk 43 / 195

About

Peru-Panama Trade: In 2023, Peru exported $543M to Panama. The main products that Peru exported to Panama were Refined Petroleum ($393M), Bananas ($13.4M), and Grapes ($10.9M). Over the past 5 years the exports of Peru to Panama have increased at an annualized rate of 18.7%, from $231M in 2018 to $543M in 2023.

In 2023, Peru did not export any services to Panama.

Panama-Peru Trade: In 2023, Panama exported $40.6M to Peru. The main products that Panama exported to Peru were Packaged Medicaments ($14.2M), Large Construction Vehicles ($5.64M), and Aluminium Plating ($4.65M). Over the past 5 years the exports of Panama to Peru have decreased at an annualized rate of 18.5%,  from $113M in 2018 to $40.6M in 2023.

In 2023, Panama did not export any services to Peru.

Comparison: In 2023,  Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B). That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Latest Data

Trade between Peru (Flag) and Panama (Flag)

Peru Exports

Panama Exports

Market Competitiveness

Color
Peru
Top Destination
China$22.5B
Panama
Top Destination
China$1.62B

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

In 2023, countries that imported more from Peru than Panama included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

In 2023, countries that imported more from Panama than Peru included Costa Rica ($307M), Denmark ($239M), and Thailand ($346M).

Difference in imports from Panama (Flag) and Peru (Flag) (2023)

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Peru Panama+$1.74MKnit T-shirts
Top Product Potential Panama Peru+$3.87MRefined Petroleum

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of Peru (Flag) and Panama (Flag) (NaN)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with