Panama (PAN) and Belize (BLZ) Trade | OEC - The Observatory of Economic Complexity

About

Panama-Belize In 2020, Panama exported $9.04M to Belize. The main products that Panama exported to Belize are Non-Knit Women's Suits ($466k), Hard Liquor ($451k), and Rubber Footwear ($390k). During the last 25 years the exports of Panama to Belize have increased at an annualized rate of 9.26%, from $988k in 1995 to $9.04M in 2020.

In 2020, Panama did not export any services to Belize.

Belize-Panama In 2020, Belize exported $1.75M to Panama. The main products that Belize exported to Panama were Raw Sugar ($539k), Hard Liquor ($411k), and Dried Legumes ($280k). During the last 25 years the exports of Belize to Panama have increased at an annualized rate of 12.4%, from $94.9k in 1995 to $1.75M in 2020.

In 2020, Belize did not export any services to Panama.

Comparison In 2020, Panama ranked 58 in the Economic Complexity Index (ECI -0.008), and 122 in total exports ($4.04B). That same year, Belize ranked 170 in total exports ($384M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2020, Panama exported $9.04M to Belize. The main products exported from Panama to Belize were Non-Knit Women's Suits ($466k), Hard Liquor ($451k), and Rubber Footwear ($390k). During the last 25 years the exports of Panama to Belize have increased at an annualized rate of 9.26%, from $988k in 1995 to $9.04M in 2020.

In 2020, Belize exported $1.75M to Panama. The main products exported from Belize to Panama were Raw Sugar ($539k), Hard Liquor ($411k), and Dried Legumes ($280k). During the last 25 years the exports of Belize to Panama have increased at an annualized rate of 12.4%, from $94.9k in 1995 to $1.75M in 2020.

Latest Data

Panama Exports

Date

Belize Exports

Date

Market Competitiveness

Measure

SectionYear

Panama
Top Destination: Guatemala, $613M

Belize
Top Destination: Seychelles, $100M

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

In 2019, countries that imported more from Panama than Belize were Guatemala ($613M), China ($405M), and Netherlands ($299M).

In 2019, countries that imported more from Belize than Panama were Seychelles ($100M), United Kingdom ($65M), and Ireland ($17.6M).

Comparative Advantage Panama - Belize

Flow

Year

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

During 2020, Panama had a large net trade with Belize in the exports of Textiles ($3.2M), Machines ($1.95M), and Foodstuffs ($729k).

During 2020, Belize had a large net trade with Panama in the exports of Foodstuffs ($1.26M), Vegetable Products ($280k), and Chemical Products ($106k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Panama has comparative advantage over Belize. Similarly, the more yellow a dot/product is, the more Belize has comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

Latest Data

Panama Exports

Belize Exports

Market Competitiveness

Comparative Advantage Panama - Belize

Economic Complexity

Competitive Landscape

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