Panama

0.12

Econ Complexity 56th of 126
1980
2017

$3.06B

Exports 119th of 221
1980
2017

$24.8B

Imports 66th of 221
1980
2017

$24.5k

GDP Per Capita 61st of 214
1990
2017
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Looking for commercial partners in Panama? List your company on Macro Market.

Panama is the 119th largest export economy in the world and the 56th most complex economy according to the Economic Complexity Index (ECI). In 2017, Panama exported $3.06B and imported $24.8B, resulting in a negative trade balance of $21.7B. In 2017 the GDP of Panama was $62.3B and its GDP per capita was $24.5k.

The top exports of Panama are Refined Petroleum ($633M), Coal Tar Oil ($304M), Bananas ($300M), Passenger and Cargo Ships ($157M) and Petroleum Gas ($147M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($5.42B), Crude Petroleum ($2.75B), Passenger and Cargo Ships ($1.38B), Packaged Medicaments ($775M) and Oxygen Amino Compounds ($684M).

The top export destinations of Panama are Ecuador ($848M), the Netherlands ($299M), the United States ($249M), South Korea ($132M) and Mexico ($103M). The top import origins are China ($5.96B), the United States ($4.65B), Colombia ($2.58B), South Korea ($1.64B) and Singapore ($1.39B).

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

Economic Complexity of Panama

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