Nepal (NPL) and Panama (PAN) Trade | The Observatory of Economic Complexity

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Nepal-Panama Trade: In 2023, Nepal exported $6.58k to Panama. The main products that Nepal exported to Panama were Knotted Carpets ($6.58k). Over the past 7 years the exports of Nepal to Panama have decreased at an annualized rate of 22.7%, from $40k in 2016 to $6.58k in 2023.

In 2023, Nepal did not export any services to Panama.

Panama-Nepal In N/A, Panama did not export any products to Nepal.

In 2023, Panama did not export any services to Nepal.

Comparison In 2023, Nepal ranked 156 in total exports ($1.21B), 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 2023, Nepal exported $6.58k to Panama. The main products exported from Nepal to Panama were Knotted Carpets ($6.58k). During the last 7 years the exports of Nepal to Panama have decreased at an annualized rate of 22.7%, from $40k in 2016 to $6.58k in 2023.

Panama does not register exports to Nepal.

Exports from Nepal () to Panama () (2023)

Exports from Panama () to Nepal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$811M

Panama
Top DestinationChina$1.62B

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

In 2023, countries that imported more from Nepal than Panama included India ($811M), France ($23.7M), and Australia ($12.5M).

In 2023, countries that imported more from Panama than Nepal included China ($1.62B), Japan ($653M), and Thailand ($346M).

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

Comparative Advantage Nepal - Panama

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Nepal had a large net trade with Panama in the exports of Textiles ($6.58k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal Panama+$11.6kKnotted Carpets

Top Product Potential Panama Nepal+$9.36kLaboratory Reagents

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Panama () (2023)

Exports from Panama () to Nepal () (2023)

Market Competitiveness

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

Comparative Advantage Nepal - Panama

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Nepal () and Panama () (2023)

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