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Trade between China and Panama

In 2024, China exported $5.9 billion to Panama and imported $81 million. China ran a surplus of $5.8 billion with Panama, compared with a surplus of $5.5 billion in 2019. Panama was China’s 83rd largest trading partner (0.1% of its trade), and China was Panama’s largest (14%).

Summary

China → Panama
$5.9billion
Panama → China
$81million
China’s balance
$5.8billion

Balance

China’s trade balance with Panama

Trade between China and Panama grew 12-fold since 1995

USD billions (current). China’s exports and imports; bars: its balance (green surplus, red deficit).

  • Exports 5.9
  • Imports 0.1
  • Balance +5.8

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$490 million$8 million$481 million
1996$390 million$2 million$388 million
1997$736 million$2 million$734 million
1998$544 million$6 million$539 million
1999$577 million$3 million$574 million
2000$650 million$2 million$648 million
2001$640 million$4 million$636 million
2002$550 million$5 million$545 million
2003$626 million$30 million$596 million
2004$776 million$16 million$760 million
2005$986 million$23 million$963 million
2006$2.9 billion$23 million$2.9 billion
2007$3.6 billion$64 million$3.5 billion
2008$4 billion$58 million$4 billion
2009$4.1 billion$34 million$4.1 billion
2010$8.7 billion$26 million$8.6 billion
2011$9.2 billion$48 million$9.1 billion
2012$9.2 billion$56 million$9.1 billion
2013$6.6 billion$51 million$6.5 billion
2014$6.2 billion$136 million$6.1 billion
2015$6.2 billion$318 million$5.9 billion
2016$4.4 billion$28 million$4.3 billion
2017$5.4 billion$62 million$5.3 billion
2018$5.3 billion$83 million$5.3 billion
2019$6 billion$460 million$5.5 billion
2020$4.2 billion$461 million$3.7 billion
2021$2.6 billion$1.1 billion$1.5 billion
2022$4.5 billion$1.1 billion$3.4 billion
2023$3.2 billion$1.6 billion$1.6 billion
2024$5.9 billion$81 million$5.8 billion

What they sell each other

What China sells to Panama

The top 10 headings in 2024, with their share of the total.

  1. Cargo and cruise ships$2.3 billion · 39.2%
    1.6 million tonnes · China’s destinations
  2. Cars$240 million · 4.1%
    24 thousand tonnes · China’s destinations
  3. 583 tonnes
  4. Refined petroleum$118 million · 2%
    263 thousand tonnes · China’s destinations
  5. 1 thousand tonnes
  6. 26 thousand tonnes
  7. Computers$96 million · 1.6%
    654 tonnes · China’s destinations
  8. Dredgers and floating cranes$88 million · 1.5%
    15 thousand tonnes
  9. Cranes$84 million · 1.4%
    10 thousand tonnes
  10. 3 thousand tonnes

What Panama sells to China

The top 10 headings in 2024, with their share of the total.

  1. Meat and fish meal$26 million · 31.9%
    21 thousand tonnes
  2. Copper ore$23 million · 29%
    11 thousand tonnes · China’s sources
  3. Coffee$11 million · 13.9%
    234 tonnes
  4. Copper scrap$6 million · 7.9%
    775 tonnes
  5. Frozen beef$5 million · 5.8%
    1 thousand tonnes
  6. Logs$2 million · 2.4%
    12 thousand tonnes · China’s sources
  7. Aluminum scrap$1 million · 1.5%
    490 tonnes
  8. Sawn wood$1 million · 1.5%
    2 thousand tonnes · China’s sources
  9. Tanned cattle hides$727 thousand · 0.9%
    934 tonnes
  10. 24 tonnes

How it travels

Estimated sea route from Shanghai to Balboa.

The estimated sea route between Shanghai and Balboa is 8,916 nautical miles (16,513 km) long: ≈ 20.5–26.5 days at sea (at 18 and 14 knots).

It does not cross any major canal or strait.

Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.

Split by transport mode

  1. Sea$5.4 billion · 90.8%
  2. Air$547 million · 9.2%

Mode estimated from value per kilo and geography; both directions together.

How much each matters to the other

Panama was China’s 83rd largest trading partner (0.1% of its trade), and China was Panama’s largest (14%).

Panama in China’s trade
0.1%
Panama’s rank among China’s partners
83rd
China in Panama’s trade
14.3%
China’s rank among Panama’s partners
1st

Compare with

Sources and methodology

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.