Summary
- Ecuador → Panama
- $5.7billion
- Panama → Ecuador
- $122million
- Ecuador’s balance
- $5.5billion
Balance
Ecuador’s trade balance with Panama
Trade between Ecuador and Panama grew 25.8-fold since 1995
USD billions (current). Ecuador’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 5.7
- Imports 0.1
- Balance +5.5
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $153 million | $71 million | $82 million |
| 1996 | $169 million | $98 million | $71 million |
| 1997 | $167 million | $104 million | $63 million |
| 1998 | $123 million | $186 million | -$63 million |
| 1999 | $208 million | $89 million | $119 million |
| 2000 | $277 million | $100 million | $177 million |
| 2001 | $269 million | $229 million | $40 million |
| 2002 | $166 million | $269 million | -$103 million |
| 2003 | $228 million | $79 million | $149 million |
| 2004 | $1 billion | $83 million | $960 million |
| 2005 | $617 million | $343 million | $274 million |
| 2006 | $240 million | $491 million | -$251 million |
| 2007 | $331 million | $492 million | -$161 million |
| 2008 | $735 million | $508 million | $227 million |
| 2009 | $1.9 billion | $402 million | $1.5 billion |
| 2010 | $2 billion | $1.1 billion | $957 million |
| 2011 | $1 billion | $1.7 billion | -$605 million |
| 2012 | $933 million | $1.7 billion | -$760 million |
| 2013 | $639 million | $1.5 billion | -$815 million |
| 2014 | $1.4 billion | $1.1 billion | $296 million |
| 2015 | $394 million | $852 million | -$458 million |
| 2016 | $542 million | $621 million | -$79 million |
| 2017 | $725 million | $960 million | -$235 million |
| 2018 | $994 million | $1.2 billion | -$221 million |
| 2019 | $1.8 billion | $1.2 billion | $622 million |
| 2020 | $2.3 billion | $220 million | $2.1 billion |
| 2021 | $3.7 billion | $122 million | $3.6 billion |
| 2022 | $4.7 billion | $89 million | $4.6 billion |
| 2023 | $4.3 billion | $89 million | $4.2 billion |
| 2024 | $5.7 billion | $122 million | $5.5 billion |
What they sell each other
What Ecuador sells to Panama
The top 10 headings in 2024, with their share of the total.
What Panama sells to Ecuador
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Guayaquil and Balboa is 824 nautical miles (1,525 km) long: ≈ 2–2.5 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
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Panama was Ecuador’s 3rd largest trading partner (9% of its trade), and Ecuador was Panama’s 2nd (14%).
- Panama in Ecuador’s trade
- 8.6%
- Panama’s rank among Ecuador’s partners
- 3rd
- Ecuador in Panama’s trade
- 13.9%
- Ecuador’s rank among Panama’s partners
- 2nd
Compare with
Other partners of Ecuador
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.