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Pricing

2022
Flag → Flag
Exports $21.3MRnk 38 / 153
2022
Flag → Flag
Top Product $6.22MPackaged Medicaments
2022
Flag → Flag
Exports $230MRnk 17 / 149
2022
Flag → Flag
Top Product $190MCrude Petroleum
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$27.9BCURRENT US$
Rnk 106 / 186
2012-2022
Flag
GDP GROWTH2.87%CURRENT US$
Rnk 161 / 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$18,222CURRENT US$
Rnk 58 / 186
2012-2022
Flag
GDP PC GROWTH-3.9%CURRENT US$
Rnk 150 / 186

About

Panama-Trinidad and Tobago Trade: In 2022, Panama exported $21.3M to Trinidad and Tobago. The main products that Panama exported to Trinidad and Tobago were Packaged Medicaments ($6.22M), Other Prepared Meat ($859k), and Fruit Juice ($814k). Over the past 5 years the exports of Panama to Trinidad and Tobago have decreased at an annualized rate of 20.1%, from $65.5M in 2017 to $21.3M in 2022.

In 2022, Panama did not export any services to Trinidad and Tobago.

Trinidad and Tobago-Panama Trade: In 2022, Trinidad and Tobago exported $230M to Panama. The main products that Trinidad and Tobago exported to Panama were Crude Petroleum ($190M), Tissue ($13.8M), and Nitrogenous Fertilizers ($10.8M). Over the past 5 years the exports of Trinidad and Tobago to Panama have increased at an annualized rate of 30.8%,  from $60.1M in 2017 to $230M in 2022.

In 2022, Trinidad and Tobago 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, Trinidad and Tobago ranked 91 in total exports ($13.9B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $21.3M to Trinidad and Tobago. The main products exported from Panama to Trinidad and Tobago were Packaged Medicaments ($6.22M), Other Prepared Meat ($859k), and Fruit Juice ($814k). During the last 5 years the exports of Panama to Trinidad and Tobago have decreased at an annualized rate of 20.1%, from $65.5M in 2017 to $21.3M in 2022.

In 2017, Trinidad and Tobago exported $230M to Panama. The main products exported from Trinidad and Tobago to Panama were Crude Petroleum ($190M), Tissue ($13.8M), and Nitrogenous Fertilizers ($10.8M). During the last 5 years the exports of Trinidad and Tobago to Panama have increased at an annualized rate of 30.8%, from $60.1M in 2022 to $230M in 2017.

Exports from Panama (Flag) to Trinidad and Tobago (Flag) (2022)

Exports from Trinidad and Tobago (Flag) to Panama (Flag) (2022)

Latest Data

Trade between Panama (Flag) and Trinidad and Tobago (Flag)

Panama Exports

Trinidad and Tobago Exports

Date

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Trinidad and Tobago
Top DestinationUnited States$4.91B

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

In 2022, countries that imported more from Panama than Trinidad and Tobago included China ($1.14B), Japan ($785M), and Costa Rica ($242M).

In 2022, countries that imported more from Trinidad and Tobago than Panama included United States ($4.91B), Belgium ($894M), and Morocco ($740M).

Difference in imports from Trinidad and Tobago (Flag) and Panama (Flag) (2022)

Comparative Advantage Panama - Trinidad and Tobago

Flow
Scale

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

During 2022, Panama had a large net trade with Trinidad and Tobago in the exports of Chemical Products ($8.53M), Machines ($2.44M), and Foodstuffs ($2.21M).

During 2017, Trinidad and Tobago had a large net trade with Panama in the exports of Mineral Products ($199M), Paper Goods ($14M), and Chemical Products ($10.9M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Panama Trinidad and Tobago+$16.8kFish Fillets
Top Product Potential Trinidad and Tobago Panama+$169kBaked Goods

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

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

Product Space of Panama (Flag) and Trinidad and Tobago (Flag) (2022)

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