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2022
Flag → Flag
Exports $653kRnk 91 / 153
2022
Flag → Flag
Top Product $506kCement
2022
Flag → Flag
Exports $1.51kRnk 120 / 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 PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Panama-British Indian Ocean Territory Trade: In 2022, Panama exported $653k to British Indian Ocean Territory. The main products that Panama exported to British Indian Ocean Territory were Cement ($506k), Iron Structures ($63.7k), and Fruit Juice ($27.8k). Over the past 5 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 43.6%, from $11.4M in 2017 to $653k in 2022.

In 2022, Panama did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Panama In N/A, British Indian Ocean Territory did not export any products to Panama.

In 2022, British Indian Ocean Territory 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, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $653k to British Indian Ocean Territory. The main products exported from Panama to British Indian Ocean Territory were Cement ($506k), Iron Structures ($63.7k), and Fruit Juice ($27.8k). During the last 5 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 43.6%, from $11.4M in 2017 to $653k in 2022.

British Indian Ocean Territory does not register exports to Panama.

Exports from Panama (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to Panama (Flag) (2022)

Latest Data

Trade between Panama (Flag) and British Indian Ocean Territory (Flag)

Panama Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
British Indian Ocean Territory
Top DestinationSingapore$4.42M

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

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

In 2022, countries that imported more from British Indian Ocean Territory than Panama included Singapore ($4.42M), Uzbekistan ($280k), and Brunei ($759).

Difference in imports from British Indian Ocean Territory (Flag) and Panama (Flag) (2022)

Comparative Advantage Panama - British Indian Ocean Territory

Flow
Scale

This chart compares trade between Panama and British Indian Ocean Territory by product, considering products traded by both, Panama and British Indian Ocean Territory.

During 2022, Panama had a large net trade with British Indian Ocean Territory in the exports of Mineral Products ($506k), Metals ($90.9k), and Foodstuffs ($27.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Panama (Flag) and British Indian Ocean Territory (Flag) (2022)

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