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

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Panama-Iran Trade: In 2018, Panama exported $93.3k to Iran. The main products that Panama exported to Iran were N/A. Over the past 5 years the exports of Panama to Iran have decreased at an annualized rate of 71.5%, from $49.8M in 2013 to $93.3k in 2018.

In 2018, Panama did not export any services to Iran.

Iran-Panama In N/A, Iran did not export any products to Panama.

In 2018, Iran did not export any services to Panama.

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

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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

Iran does not register exports to Panama.

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

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

Latest Data

Trade between Panama () and Iran ()

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.62B

Iran
Top DestinationChina$4.59B

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

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

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

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

Comparative Advantage Panama - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, 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 Panama Iran+$2.86kTelephones

Top Product Potential Iran Panama+$65.7kPackaged Medicaments

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 Panama and Iran. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Panama.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Panama () and Iran ()

Panama Exports

Market Competitiveness

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

Comparative Advantage Panama - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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