Panama vs USA: 2023 Trade Comparison

Side-by-side stats from CEPII BACI. Bold values mark the larger figure.

PanamaMetricUSA
$6.55BTotal exports$1.90T
$42.05BTotal imports$2.98T
$-35.51BTrade balance$-1.08T
$48.60BTotal trade volume$4.87T
#122Global export rank#2
#62Global import rank#1

Direct trade between Panama and USA

PanamaUSA
$408.03M
USAPanama
$8.08B

Panama top exports

  • Copper ores and concentrates$2.93B
  • light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks$320.64M
  • preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals$304.03M
  • n.e.c. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods$272.79M
  • bananas, other than plantains, fresh or dried$270.83M

USA top exports

  • petroleum oils and oils obtained from bituminous minerals, crude$124.16B
  • preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals$115.84B
  • liquefied, natural gas$39.59B
  • consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale$33.69B
  • of an unladen weight exceeding 15,000kg$31.57B

Shared top trade partners

Both countries appear as major export destinations for 5 of the same partners:

ChinaGermanyJapanRep. of KoreaIndia