Summary
- Panama → South Korea
- $149million
- South Korea → Panama
- $1.3billion
- Panama’s balance
- -$1.2billion
Balance
Panama’s trade balance with South Korea
Trade between Panama and South Korea fell 43% since 1995
USD billions (current). Panama’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.1
- Imports 1.3
- Balance -1.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $406 million | $2.2 billion | -$1.8 billion |
| 1996 | $548 million | $3.1 billion | -$2.6 billion |
| 1997 | $440 million | $1.9 billion | -$1.4 billion |
| 1998 | $17 million | $1.9 billion | -$1.9 billion |
| 1999 | $85 million | $1.8 billion | -$1.7 billion |
| 2000 | $28 million | $1.2 billion | -$1.2 billion |
| 2001 | $142 million | $1.7 billion | -$1.5 billion |
| 2002 | $143 million | $1.2 billion | -$1 billion |
| 2003 | $179 million | $1.2 billion | -$1.1 billion |
| 2004 | $294 million | $1.2 billion | -$945 million |
| 2005 | $248 million | $1.5 billion | -$1.3 billion |
| 2006 | $268 million | $2.2 billion | -$2 billion |
| 2007 | $368 million | $3.2 billion | -$2.9 billion |
| 2008 | $904 million | $6.5 billion | -$5.6 billion |
| 2009 | $1.1 billion | $4.5 billion | -$3.4 billion |
| 2010 | $593 million | $4.1 billion | -$3.5 billion |
| 2011 | $419 million | $3.8 billion | -$3.4 billion |
| 2012 | $620 million | $4 billion | -$3.3 billion |
| 2013 | $550 million | $3.5 billion | -$2.9 billion |
| 2014 | $506 million | $2.9 billion | -$2.4 billion |
| 2015 | $392 million | $2.4 billion | -$2 billion |
| 2016 | $351 million | $1.5 billion | -$1.2 billion |
| 2017 | $156 million | $1.8 billion | -$1.7 billion |
| 2018 | $157 million | $2.1 billion | -$1.9 billion |
| 2019 | $90 million | $1.8 billion | -$1.7 billion |
| 2020 | $276 million | $1.5 billion | -$1.2 billion |
| 2021 | $427 million | $1.5 billion | -$1.1 billion |
| 2022 | $572 million | $1.1 billion | -$545 million |
| 2023 | $331 million | $1 billion | -$713 million |
| 2024 | $149 million | $1.3 billion | -$1.2 billion |
What they sell each other
What Panama sells to South Korea
The top 10 headings in 2024, with their share of the total.
What South Korea sells to Panama
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Balboa and Busan is 8,430 nautical miles (15,613 km) long: ≈ 19.5–25 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
South Korea was Panama’s 8th largest trading partner (4% of its trade), and Panama was South Korea’s 63rd (0.1%).
- South Korea in Panama’s trade
- 3.5%
- South Korea’s rank among Panama’s partners
- 8th
- Panama in South Korea’s trade
- 0.1%
- Panama’s rank among South Korea’s partners
- 63rd
Compare with
Other partners of Panama
Other partners of South Korea
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.