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Pricing

2022
Flag → Flag
Exports $146kRnk 104 / 127
2022
Flag → Flag
Top Product $92.8kOffice Machine Parts
2022
Flag → Flag
Exports $93.3kRnk 42 / 0
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%CURRENT US$
Rnk 183 / 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 $4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186
2022
Flag
GDP PC$17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186

About

Iran-Panama Trade: In 2022, Iran exported $146k to Panama. The main products that Iran exported to Panama were Office Machine Parts ($92.8k), Iron Cloth ($27k), and Packaged Medicaments ($21.1k). Over the past 8 years the exports of Iran to Panama have decreased at an annualized rate of 4.07%, from $203k in 2014 to $146k in 2022.

In 2022, Iran did not export any services to Panama.

Panama-Iran Trade: In 2022, Panama exported $93.3k to Iran. The main products that Panama exported to Iran were N/A. Over the past 8 years the exports of Panama to Iran have decreased at an annualized rate of 70.8%,  from $43.6M in 2014 to $93.3k in 2022.

In 2022, Panama did not export any services to Iran.

Comparison: In 2022,  Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B). 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 2022, Iran exported $146k to Panama. The main products exported from Iran to Panama were Office Machine Parts ($92.8k), Iron Cloth ($27k), and Packaged Medicaments ($21.1k). During the last 8 years the exports of Iran to Panama have decreased at an annualized rate of 4.07%, from $203k in 2014 to $146k in 2022.

In 2013, Panama exported $93.3k to Iran. There were not main exports from Panama to Iran in 2013. During the last 5 years the exports of Panama to Iran have decreased at an annualized rate of 70.8%, from $43.6M in 2018 to $93.3k in 2013.

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

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

Latest Data

Trade between Iran (Flag) and Panama (Flag)

Panama Exports

Market Competitiveness

Color
Iran
Top DestinationChina$5.72B
Panama
Top DestinationChina$1.14B

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

In 2022, countries that imported more from Iran than Panama included China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

In 2022, countries that imported more from Panama than Iran included Japan ($785M), South Korea ($539M), and United States ($357M).

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

Comparative Advantage Iran - Panama

Flow
Scale

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

During 2022, Iran had a large net trade with Panama in the exports of Machines ($95.6k), Metals ($27.2k), and Chemical Products ($21.1k).

During 2013, Panama had a large net trade with Iran in the exports of .

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Iran Panama+$65.7kPackaged Medicaments
Top Product Potential Panama Iran+$2.86kTelephones

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

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

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