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2022
Flag → Flag
Exports $16.3MRnk 41 / 153
2022
Flag → Flag
Top Product $997kRubber Footwear
2022
Flag → Flag
Exports $892kRnk 36 / 128
2022
Flag → Flag
Top Product $286kDried Legumes
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$2.82BCURRENT US$
Rnk 162 / 186
2012-2022
Flag
GDP GROWTH48.4%CURRENT US$
Rnk 67 / 186
2022
Flag
GDP PC $17,358CURRENT US$
Rnk 59 / 186
2012-2022
Flag
GDP PC GROWTH61.2%CURRENT US$
Rnk 26 / 186
2022
Flag
GDP PC$6,968CURRENT US$
Rnk 92 / 186
2012-2022
Flag
GDP PC GROWTH23.4%CURRENT US$
Rnk 76 / 186

About

Panama-Belize Trade: In 2022, Panama exported $16.3M to Belize. The main products that Panama exported to Belize were Rubber Footwear ($997k), Hard Liquor ($937k), and Household Washing Machines ($703k). Over the past 5 years the exports of Panama to Belize have decreased at an annualized rate of 16.8%, from $40.9M in 2017 to $16.3M in 2022.

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

Belize-Panama Trade: In 2022, Belize exported $892k to Panama. The main products that Belize exported to Panama were Dried Legumes ($286k), Raw Sugar ($246k), and House Linens ($83.5k). Over the past 5 years the exports of Belize to Panama have decreased at an annualized rate of 26.2%,  from $4.07M in 2017 to $892k in 2022.

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

Comparison In 2022,  Panama ranked 56 in the Economic Complexity Index (ECI 0.17),  and 119 in total exports ($6.62B). That same year, Belize ranked 175 in total exports ($399M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $16.3M to Belize. The main products exported from Panama to Belize were Rubber Footwear ($997k), Hard Liquor ($937k), and Household Washing Machines ($703k). During the last 5 years the exports of Panama to Belize have decreased at an annualized rate of 16.8%, from $40.9M in 2017 to $16.3M in 2022.

In 2017, Belize exported $892k to Panama. The main products exported from Belize to Panama were Dried Legumes ($286k), Raw Sugar ($246k), and House Linens ($83.5k). During the last 5 years the exports of Belize to Panama have decreased at an annualized rate of 26.2%, from $4.07M in 2022 to $892k in 2017.

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

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

Latest Data

Trade between Panama (Flag) and Belize (Flag)

Panama Exports

Belize Exports

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Belize
Top DestinationUnited States$86.5M

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

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

In 2022, countries that imported more from Belize than Panama included United Kingdom ($64.3M), Hungary ($18.3M), and Ireland ($11.2M).

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

Comparative Advantage Panama - Belize

Flow
Scale

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

During 2022, Panama had a large net trade with Belize in the exports of Textiles ($4.31M), Machines ($3.48M), and Footwear and Headwear ($1.57M).

During 2017, Belize had a large net trade with Panama in the exports of Foodstuffs ($334k), Vegetable Products ($304k), and Textiles ($83.5k).

Economic Complexity

Competitive Landscape

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

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

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