globaltraffic.earth

Trade between Japan and Panama

In 2024, Japan exported $4.3 billion to Panama and imported $83 million. Japan ran a surplus of $4.3 billion with Panama, compared with a surplus of $5.9 billion in 2019. Panama was Japan’s 38th largest trading partner (0.3% of its trade), and Japan was Panama’s 4th (11%).

Summary

Japan → Panama
$4.3billion
Panama → Japan
$83million
Japan’s balance
$4.3billion

Balance

Japan’s trade balance with Panama

Trade between Japan and Panama fell 37% since 1995

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

  • Exports 4.3
  • Imports 0.1
  • Balance +4.3

Source: CEPII BACI

Show the numbers
YearExportsImportsTrade balance
1995$6.9 billion$81 million$6.8 billion
1996$5.7 billion$63 million$5.6 billion
1997$6.5 billion$45 million$6.4 billion
1998$6 billion$22 million$6 billion
1999$6.7 billion$60 million$6.7 billion
2000$6.3 billion$33 million$6.3 billion
2001$4.7 billion$58 million$4.7 billion
2002$4.5 billion$79 million$4.4 billion
2003$5.3 billion$108 million$5.2 billion
2004$5.9 billion$95 million$5.8 billion
2005$7.2 billion$35 million$7.1 billion
2006$8.1 billion$21 million$8.1 billion
2007$8.6 billion$16 million$8.6 billion
2008$10.9 billion$21 million$10.8 billion
2009$12.9 billion$479 million$12.4 billion
2010$15.5 billion$387 million$15.1 billion
2011$14.7 billion$395 million$14.3 billion
2012$14 billion$250 million$13.7 billion
2013$9.6 billion$505 million$9.1 billion
2014$6.9 billion$72 million$6.9 billion
2015$4.7 billion$214 million$4.5 billion
2016$5.6 billion$404 million$5.2 billion
2017$5.5 billion$420 million$5.1 billion
2018$5.9 billion$160 million$5.7 billion
2019$6 billion$102 million$5.9 billion
2020$4.6 billion$190 million$4.4 billion
2021$4.7 billion$807 million$3.9 billion
2022$3.2 billion$802 million$2.4 billion
2023$3.7 billion$653 million$3.1 billion
2024$4.3 billion$83 million$4.3 billion

What they sell each other

What Japan sells to Panama

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

  1. Cargo and cruise ships$3.9 billion · 90.7%
    192 thousand tonnes · Japan’s destinations
  2. Cars$116 million · 2.7%
    8 thousand tonnes · Japan’s destinations
  3. Passenger rail coaches$47 million · 1.1%
    750 tonnes
  4. Bulldozers and excavators$43 million · 0.99%
    7 thousand tonnes · Japan’s destinations
  5. Trucks$25 million · 0.58%
    3 thousand tonnes · Japan’s destinations
  6. 484 tonnes
  7. Auto parts$14 million · 0.32%
    1 thousand tonnes · Japan’s destinations
  8. Buses$11 million · 0.26%
    932 tonnes
  9. Control panels$10 million · 0.24%
    129 tonnes
  10. 7 tonnes · Japan’s destinations

What Panama sells to Japan

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

  1. Cargo and cruise ships$52 million · 62.9%
    6 thousand tonnes
  2. Microchips$9 million · 11.2%
    986 tonnes · Japan’s sources
  3. Coffee$6 million · 7.6%
    186 tonnes · Japan’s sources
  4. Other vegetable oils$5 million · 5.5%
    345 tonnes
  5. Copper scrap$4 million · 4.3%
    441 tonnes
  6. Edible offal$3 million · 3.1%
    431 tonnes
  7. 155 tonnes
  8. X-ray and radiation equipment$533 thousand · 0.65%
    1 tonne
  9. Spirits$348 thousand · 0.42%
    20 tonnes
  10. Frozen fish$312 thousand · 0.38%
    93 tonnes

How it travels

Japan and Panama traded $4.4 billion in 2024 (both directions together). They trade mostly by air: 80% of the value travels by plane.

Split by transport mode

  1. Sea$884 million · 19.9%
  2. Air$3.5 billion · 80.1%

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

How much each matters to the other

Panama was Japan’s 38th largest trading partner (0.3% of its trade), and Japan was Panama’s 4th (11%).

Panama in Japan’s trade
0.3%
Panama’s rank among Japan’s partners
38th
Japan in Panama’s trade
10.6%
Japan’s rank among Panama’s partners
4th

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.