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Pricing

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Flag → Flag
Exports $1.53MRnk 82 / 146
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Flag → Flag
Top Product $1.31MCement
2023
Flag
Economic Complexity (ECI) ECI -0.14Rnk 69 / 132
2023
Flag
 GDP$83.3BCURRENT US$
Rnk 76 / 195
2013-2023
Flag
GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195
2023
Flag
GDP PC$18,686CURRENT US$
Rnk 65 / 196
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

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

Panama-British Indian Ocean Territory Trade: In N/A, Panama exported $1.53M to British Indian Ocean Territory. The main products that Panama exported to British Indian Ocean Territory were Cement ($1.31M), Plastic Pipes ($62.7k), and Large Iron Containers ($49k). Over the past N/A years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 35.1%,  from $13.3M in N/A to $1.53M in N/A.

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

Comparison In 2023,  British Indian Ocean Territory ranked 209 in total exports ($23.5M), 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
Value

British Indian Ocean Territory does not register exports to Panama.

In 2018, Panama exported $1.53M to British Indian Ocean Territory. The main products exported from Panama to British Indian Ocean Territory were Cement ($1.31M), Plastic Pipes ($62.7k), and Large Iron Containers ($49k). During the last 5 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 35.1%, from $13.3M in 2023 to $1.53M in 2018.

Exports from British Indian Ocean Territory (Flag) to Panama (Flag) (2023)

Exports from Panama (Flag) to British Indian Ocean Territory (Flag) (2023)

Market Competitiveness

Color
British Indian Ocean Territory
Top DestinationSingapore$20.2M
Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from British Indian Ocean Territory than Panama included Singapore ($20.2M), Pakistan ($1.88M), and Botswana ($14.7k).

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

Difference in imports from Panama (Flag) and British Indian Ocean Territory (Flag) (2023)

Comparative Advantage British Indian Ocean Territory - Panama

Flow
Scale

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

During 2018, Panama had a large net trade with British Indian Ocean Territory in the exports of Mineral Products ($1.31M), Metals ($110k), and Plastics and Rubbers ($62.7k).

Economic Complexity

Competitive Landscape

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

Product Space of British Indian Ocean Territory (Flag) and Panama (Flag) (2023)

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