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2022
Flag → Flag
Exports $29.5MRnk 36 / 153
2022
Flag → Flag
Top Product $10.6MPackaged Medicaments
2022
Flag → Flag
Exports $186kRnk 50 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$12.9BCURRENT US$
Rnk 139 / 186
2012-2022
Flag
GDP GROWTH20.3%CURRENT US$
Rnk 122 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC$31,458CURRENT US$
Rnk 35 / 186
2012-2022
Flag
GDP PC GROWTH12.1%CURRENT US$
Rnk 109 / 186

About

Panama-Bahamas Trade: In 2022, Panama exported $29.5M to Bahamas. The main products that Panama exported to Bahamas were Packaged Medicaments ($10.6M), Cement ($5.53M), and Unpackaged Medicaments ($4.93M). Over the past 5 years the exports of Panama to Bahamas have decreased at an annualized rate of 6.33%, from $40.9M in 2017 to $29.5M in 2022.

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

Bahamas-Panama Trade: In 2022, Bahamas exported $186k to Panama. The main products that Bahamas exported to Panama were N/A. Over the past 5 years the exports of Bahamas to Panama have decreased at an annualized rate of 20.8%,  from $1.52M in 2017 to $186k in 2022.

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

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17),  and 119 in total exports ($6.62B). That same year, Bahamas ranked 139 in total exports ($2.83B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $29.5M to Bahamas. The main products exported from Panama to Bahamas were Packaged Medicaments ($10.6M), Cement ($5.53M), and Unpackaged Medicaments ($4.93M). During the last 5 years the exports of Panama to Bahamas have decreased at an annualized rate of 6.33%, from $40.9M in 2017 to $29.5M in 2022.

In 2015, Bahamas exported $186k to Panama. There were not main exports from Bahamas to Panama in 2015. During the last 5 years the exports of Bahamas to Panama have decreased at an annualized rate of 20.8%, from $1.52M in 2020 to $186k in 2015.

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

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

Latest Data

Trade between Panama (Flag) and Bahamas (Flag)

Panama Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Bahamas
Top DestinationUnited States$1.4B

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

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

In 2022, countries that imported more from Bahamas than Panama included United States ($1.4B), Cote d'Ivoire ($576M), and Poland ($114M).

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

Comparative Advantage Panama - Bahamas

Flow
Scale

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

During 2022, Panama had a large net trade with Bahamas in the exports of Chemical Products ($16.4M), Mineral Products ($5.57M), and Machines ($2.07M).

During 2015, Bahamas had a large net trade with Panama in the exports of .

Economic Complexity

Competitive Landscape

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

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

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