Panama

0.44

Econ Complexity 44th of 214
1980
2016

$8.8B

Exports 86th of 221
1980
2016

$27.8B

Imports 64th of 221
1980
2016

$23k

GDP Per Capita 57th of 214
1990
2016
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Panama is the 86th largest export economy in the world. In 2016, Panama exported $8.8B and imported $27.8B, resulting in a negative trade balance of $19B. In 2016 the GDP of Panama was $55.2B and its GDP per capita was $23k.

The top exports of Panama are Passenger and Cargo Ships ($860M), Sulfonamides ($846M), Oxygen Amino Compounds ($812M), Packaged Medicaments ($723M) and Refined Petroleum ($329M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Passenger and Cargo Ships ($7.29B), Refined Petroleum ($2.29B), Crude Petroleum ($1.94B), Packaged Medicaments ($1.13B) and Sulfonamides ($864M).

The top export destinations of Panama are the United States ($2.11B), Venezuela ($602M), Ecuador ($595M), Guatemala ($545M) and Japan ($383M). The top import origins are Japan ($5.64B), China ($5.09B), the United States ($3.65B), Colombia ($1.92B) and Singapore ($1.82B).

Panama borders Costa Rica and Colombia by land and Colombia and Ecuador by sea.

Economic Complexity of Panama

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