Summary
- Colombia → Panama
- $4.3billion
- Panama → Colombia
- $30million
- Colombia’s balance
- $4.3billion
Balance
Colombia’s trade balance with Panama
Trade between Colombia and Panama grew 28.2-fold since 1995
USD billions (current). Colombia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 4.3
- Imports 0
- Balance +4.3
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $126 million | $27 million | $99 million |
| 1996 | $152 million | $21 million | $131 million |
| 1997 | $140 million | $25 million | $116 million |
| 1998 | $112 million | $27 million | $85 million |
| 1999 | $149 million | $38 million | $110 million |
| 2000 | $186 million | $21 million | $165 million |
| 2001 | $263 million | $60 million | $203 million |
| 2002 | $220 million | $45 million | $176 million |
| 2003 | $176 million | $25 million | $150 million |
| 2004 | $220 million | $30 million | $189 million |
| 2005 | $267 million | $68 million | $198 million |
| 2006 | $286 million | $282 million | $4 million |
| 2007 | $275 million | $318 million | -$43 million |
| 2008 | $395 million | $371 million | $24 million |
| 2009 | $358 million | $348 million | $10 million |
| 2010 | $998 million | $424 million | $574 million |
| 2011 | $2 billion | $348 million | $1.6 billion |
| 2012 | $3 billion | $477 million | $2.5 billion |
| 2013 | $3.3 billion | $463 million | $2.8 billion |
| 2014 | $3.7 billion | $567 million | $3.1 billion |
| 2015 | $2.4 billion | $437 million | $2 billion |
| 2016 | $1.9 billion | $323 million | $1.6 billion |
| 2017 | $2.6 billion | $342 million | $2.3 billion |
| 2018 | $3.1 billion | $417 million | $2.7 billion |
| 2019 | $2.4 billion | $519 million | $1.9 billion |
| 2020 | $1.4 billion | $287 million | $1.2 billion |
| 2021 | $2.4 billion | $45 million | $2.4 billion |
| 2022 | $5.8 billion | $64 million | $5.8 billion |
| 2023 | $4.7 billion | $28 million | $4.6 billion |
| 2024 | $4.3 billion | $30 million | $4.3 billion |
What they sell each other
What Colombia sells to Panama
The top 10 headings in 2024, with their share of the total.
What Panama sells to Colombia
The top 10 headings in 2024, with their share of the total.
How it travels
Colombia and Panama traded $4.3 billion in 2024 (both directions together). They trade mostly over land: 98% of the value travels by truck, rail or pipeline.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Panama was Colombia’s 5th largest trading partner (4% of its trade), and Colombia was Panama’s 5th (10%).
- Panama in Colombia’s trade
- 3.7%
- Panama’s rank among Colombia’s partners
- 5th
- Colombia in Panama’s trade
- 10.4%
- Colombia’s rank among Panama’s partners
- 5th
Compare with
Other partners of Colombia
Other partners of Panama
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
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.