Summary
- Panama → Spain
- $36million
- Spain → Panama
- $2.2billion
- Panama’s balance
- -$2.1billion
Balance
Panama’s trade balance with Spain
Trade between Panama and Spain grew 15.2-fold since 1995
USD billions (current). Panama’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0
- Imports 2.2
- Balance -2.1
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $78 million | $67 million | $10 million |
| 1996 | $49 million | $66 million | -$17 million |
| 1997 | $152 million | $170 million | -$18 million |
| 1998 | $62 million | $182 million | -$121 million |
| 1999 | $32 million | $263 million | -$231 million |
| 2000 | $35 million | $233 million | -$198 million |
| 2001 | $36 million | $80 million | -$43 million |
| 2002 | $46 million | $81 million | -$35 million |
| 2003 | $45 million | $106 million | -$61 million |
| 2004 | $43 million | $114 million | -$71 million |
| 2005 | $306 million | $298 million | $8 million |
| 2006 | $574 million | $615 million | -$41 million |
| 2007 | $109 million | $397 million | -$287 million |
| 2008 | $97 million | $338 million | -$242 million |
| 2009 | $66 million | $231 million | -$165 million |
| 2010 | $76 million | $316 million | -$241 million |
| 2011 | $81 million | $420 million | -$339 million |
| 2012 | $73 million | $499 million | -$425 million |
| 2013 | $61 million | $687 million | -$626 million |
| 2014 | $71 million | $551 million | -$481 million |
| 2015 | $50 million | $504 million | -$454 million |
| 2016 | $59 million | $415 million | -$356 million |
| 2017 | $75 million | $408 million | -$333 million |
| 2018 | $63 million | $471 million | -$408 million |
| 2019 | $147 million | $628 million | -$481 million |
| 2020 | $258 million | $247 million | $11 million |
| 2021 | $399 million | $344 million | $55 million |
| 2022 | $312 million | $508 million | -$196 million |
| 2023 | $261 million | $2.3 billion | -$2.1 billion |
| 2024 | $36 million | $2.2 billion | -$2.1 billion |
What they sell each other
What Panama sells to Spain
The top 10 headings in 2024, with their share of the total.
What Spain sells to Panama
The top 10 headings in 2024, with their share of the total.
How it travels
Panama and Spain traded $2.2 billion in 2024 (both directions together). They trade mostly by air: 86% of the value travels by plane.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Spain was Panama’s 7th largest trading partner (5% of its trade), and Panama was Spain’s 54th (0.3%).
- Spain in Panama’s trade
- 5.3%
- Spain’s rank among Panama’s partners
- 7th
- Panama in Spain’s trade
- 0.3%
- Panama’s rank among Spain’s partners
- 54th
Compare with
Other partners of Panama
Other partners of Spain
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.