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2022
Flag → Flag
Exports $892kRnk 36 / 128
2022
Flag → Flag
Top Product $286kDried Legumes
2022
Flag → Flag
Exports $16.3MRnk 41 / 153
2022
Flag → Flag
Top Product $997kRubber Footwear
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Belize-Panama Trade: In 2022, Belize exported $892k to Panama. The main products that Belize exported to Panama were Dried Legumes ($286k), Raw Sugar ($246k), and House Linens ($83.5k). Over the past 5 years the exports of Belize to Panama have decreased at an annualized rate of 26.2%, from $4.07M in 2017 to $892k in 2022.

In 2022, Belize did not export any services to Panama.

Panama-Belize Trade: In 2022, Panama exported $16.3M to Belize. The main products that Panama exported to Belize were Rubber Footwear ($997k), Hard Liquor ($937k), and Household Washing Machines ($703k). Over the past 5 years the exports of Panama to Belize have decreased at an annualized rate of 16.8%,  from $40.9M in 2017 to $16.3M in 2022.

In 2022, Panama did not export any services to Belize.

Comparison In 2022,  Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belize exported $892k to Panama. The main products exported from Belize to Panama were Dried Legumes ($286k), Raw Sugar ($246k), and House Linens ($83.5k). During the last 5 years the exports of Belize to Panama have decreased at an annualized rate of 26.2%, from $4.07M in 2017 to $892k in 2022.

In 2017, Panama exported $16.3M to Belize. The main products exported from Panama to Belize were Rubber Footwear ($997k), Hard Liquor ($937k), and Household Washing Machines ($703k). During the last 5 years the exports of Panama to Belize have decreased at an annualized rate of 16.8%, from $40.9M in 2022 to $16.3M in 2017.

Exports from Belize (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Belize (Flag) (2022)

Latest Data

Trade between Belize (Flag) and Panama (Flag)

Belize Exports

Panama Exports

Market Competitiveness

Color
Belize
Top DestinationUnited States$86.5M
Panama
Top DestinationChina$1.14B

This map shows whether countries import more from Belize or Panama. Each country is colored based on the difference in imports they receive from Belize and Panama or the difference in the growth in imports.

In 2022, countries that imported more from Belize than Panama included United Kingdom ($64.3M), Hungary ($18.3M), and Ireland ($11.2M).

In 2022, countries that imported more from Panama than Belize included China ($1.14B), Japan ($785M), and South Korea ($539M).

Difference in imports from Panama (Flag) and Belize (Flag) (2022)

Comparative Advantage Belize - Panama

Flow
Scale

This chart compares trade between Belize and Panama by product, considering products traded by both, Belize and Panama.

During 2022, Belize had a large net trade with Panama in the exports of Foodstuffs ($334k), Vegetable Products ($304k), and Textiles ($83.5k).

During 2017, Panama had a large net trade with Belize in the exports of Textiles ($4.31M), Machines ($3.48M), and Footwear and Headwear ($1.57M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belize and Panama. This means that a dot/product with the flag of Belize indicates it has a comparative advantage over Panama. Similarly, a dot/product with the flag of Panama indicates it has a comparative advantage over Belize.

Product Space of Belize (Flag) and Panama (Flag) (2022)

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