Bermuda (BMU) and Panama (PAN) Trade | The Observatory of Economic Complexity

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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 $4.22M to Bermuda. The main products that Panama exported to Bermuda were N/A. Over the past 8 years the exports of Panama to Bermuda have decreased at an annualized rate of 0.35%, from $4.29M in 2011 to $4.22M in 2019.

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

Comparison In 2023, Bermuda ranked 179 in total exports ($254M), and does not have data regarding Economic Complexity Index. That same year, Panama ranked 69 in the Economic Complexity Index (ECI -0.14), and 121 in total exports ($6.59B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 $4.22M to Bermuda. There were not main exports from Panama to Bermuda in 2017. During the last 5 years the exports of Panama to Bermuda have decreased at an annualized rate of 0.35%, from $4.29M in 2022 to $4.22M in 2017.

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

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

Latest Data

Trade between Bermuda () and Panama ()

Panama Exports

Date

Jan 2018

May 2013

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationGermany$101M

Panama
Top DestinationChina$1.62B

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 2023, countries that imported more from Bermuda than Panama included South Africa ($96.3M), Angola ($4.49M), and Zambia ($1.45M).

In 2023, countries that imported more from Panama than Bermuda included China ($1.62B), Japan ($653M), and United States ($385M).

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

Comparative Advantage Bermuda - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

Economic Complexity

Competitive Landscape

Year

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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Bermuda () and Panama ()

Panama Exports

Market Competitiveness

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

Comparative Advantage Bermuda - Panama

Economic Complexity

Competitive Landscape

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

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