Flag Panama / Belize Flag

2020
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Exports
: $9.04M, Rnk 48 / 124

2020
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Top Product
: $466k, Non-Knit Women's Suits

2020
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Exports
: $1.75M, Rnk 24 / 118

2020
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Top Product
: $539k, Raw Sugar

2020
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Economic Complexity (ECI)
: ECI -0.008, Rnk 58 / 127

2020
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GDP
: $54B, CURRENT US$
Rnk 82 / 204

2010-2020
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GDP GROWTH
: 83.3%, CURRENT US$
Rnk 23 / 204

2020
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 GDP
: $1.59B, CURRENT US$
Rnk 182 / 204

2010-2020
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GDP GROWTH
: 14.2%, CURRENT US$
Rnk 134 / 204

2020
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GDP PC 
: $12,510, CURRENT US$
Rnk 72 / 204

2010-2020
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GDP PC GROWTH
: 54.8%, CURRENT US$
Rnk 27 / 204

2020
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GDP PC
: $3,988, CURRENT US$
Rnk 128 / 204

2010-2020
Flag
GDP PC GROWTH
: -7.35%, CURRENT US$
Rnk 161 / 204

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

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Bilateral Trade by Products

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Depth
Value

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.

Panama Exports

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Belize Exports

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Market Competitiveness

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Measure

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

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Flow

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

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Competitive Landscape

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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.