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2019
Flag → Flag
Exports $18.8kRnk 169 / 0
2019
Flag → Flag
Exports $4.17MRnk 64 / 153
2019
Flag → Flag
Top Product $2.14MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 186
2022
Flag
 GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
GDP PC $118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Bermuda-Panama Trade: In 2019, Bermuda exported $18.8k to Panama. The main products that Bermuda exported to Panama were N/A. Over the past 8 years the exports of Bermuda to Panama have increased at an annualized rate of 37.3%, from $1.49k in 2011 to $18.8k in 2019.

In 2019, Bermuda did not export any services to Panama.

Panama-Bermuda Trade: In 2019, Panama exported $4.17M to Bermuda. The main products that Panama exported to Bermuda were Packaged Medicaments ($2.14M), Textile Footwear ($512k), and Semiconductor Devices ($225k). Over the past 8 years the exports of Panama to Bermuda have decreased at an annualized rate of 1.37%,  from $4.85M in 2011 to $4.17M in 2019.

In 2019, Panama did not export any services to Bermuda.

Comparison In 2022,  Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2019, Bermuda exported $18.8k to Panama. There were not main exports from Bermuda to Panama in 2019. During the last 8 years the exports of Bermuda to Panama have increased at an annualized rate of 37.3%, from $1.49k in 2011 to $18.8k in 2019.

In 2017, Panama exported $4.17M to Bermuda. The main products exported from Panama to Bermuda were Packaged Medicaments ($2.14M), Textile Footwear ($512k), and Semiconductor Devices ($225k). During the last 5 years the exports of Panama to Bermuda have decreased at an annualized rate of 1.37%, from $4.85M in 2022 to $4.17M in 2017.

Exports from Bermuda (Flag) to Panama (Flag) (2022)

Exports from Panama (Flag) to Bermuda (Flag) (2022)

Latest Data

Trade between Bermuda (Flag) and Panama (Flag)

Panama Exports

Date

Market Competitiveness

Color
Bermuda
Top DestinationZambia$17.5M
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Bermuda than Panama included Zambia ($17.5M), Zimbabwe ($4.06M), and Tanzania ($5.76M).

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

Difference in imports from Panama (Flag) and Bermuda (Flag) (2022)

Comparative Advantage Bermuda - Panama

Flow
Scale

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

During 2019, Bermuda had a large net trade with Panama in the exports of .

During 2017, Panama had a large net trade with Bermuda in the exports of Chemical Products ($2.29M), Footwear and Headwear ($534k), and Foodstuffs ($502k).

Economic Complexity

Competitive Landscape

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

Product Space of Bermuda (Flag) and Panama (Flag) (2022)

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