Iran (IRN) and Panama (PAN) Trade | The Observatory of Economic Complexity

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Iran-Panama Trade: In 2022, Iran exported $148k to Panama. The main products that Iran exported to Panama were N/A. Over the past 8 years the exports of Iran to Panama have decreased at an annualized rate of 3.85%, from $203k in 2014 to $148k in 2022.

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

Panama-Iran Trade: In 2022, Panama exported $93.3k to Iran. The main products that Panama exported to Iran were N/A. Over the past 8 years the exports of Panama to Iran have decreased at an annualized rate of 71.5%, from $49.8M in 2014 to $93.3k in 2022.

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

Comparison: In 2023, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B). That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Iran exported $148k to Panama. There were not main exports from Iran to Panama in 2022. During the last 8 years the exports of Iran to Panama have decreased at an annualized rate of 3.85%, from $203k in 2014 to $148k in 2022.

In 2013, Panama exported $93.3k to Iran. There were not main exports from Panama to Iran in 2013. During the last 5 years the exports of Panama to Iran have decreased at an annualized rate of 71.5%, from $49.8M in 2018 to $93.3k in 2013.

Exports from Iran () to Panama () (2022)

Exports from Panama () to Iran () (2022)

Latest Data

Trade between Iran () and Panama ()

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Iran
Top DestinationChina$4.59B

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Iran than Panama included China ($4.59B), Turkey ($2.18B), and Pakistan ($943M).

In 2023, countries that imported more from Panama than Iran included Japan ($653M), United States ($385M), and Thailand ($346M).

Difference in imports from Panama () and Iran () (2023)

Comparative Advantage Iran - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Iran had a large net trade with Panama in the exports of .

During 2013, Panama had a large net trade with Iran in the exports of .

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Iran Panama+$65.7kPackaged Medicaments

Top Product Potential Panama Iran+$2.86kTelephones

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Iran () to Panama () (2022)

Exports from Panama () to Iran () (2022)

Latest Data

Trade between Iran () and Panama ()

Panama Exports

Market Competitiveness

Difference in imports from Panama () and Iran () (2023)

Comparative Advantage Iran - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Iran () and Panama () (2022)

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