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2022
Flag → Flag
Exports $4.17MRnk 64 / 153
2022
Flag → Flag
Top Product $2.14MPackaged Medicaments
2022
Flag → Flag
Exports $18.8kRnk 114 / 0
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$7.55BCURRENT US$
Rnk 149 / 186
2012-2022
Flag
GDP GROWTH18.4%CURRENT US$
Rnk 124 / 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$118,846CURRENT US$
Rnk 2 / 186
2012-2022
Flag
GDP PC GROWTH20.7%CURRENT US$
Rnk 85 / 186

About

Panama-Bermuda Trade: In 2022, Panama exported $4.17M to Bermuda. The main products that Panama exported to Bermuda were Packaged Medicaments ($2.14M), Textile Footwear ($512k), and Semiconductor Devices ($225k). Over the past 5 years the exports of Panama to Bermuda have decreased at an annualized rate of 3%, from $4.85M in 2017 to $4.17M in 2022.

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

Bermuda-Panama Trade: In 2022, Bermuda exported $18.8k to Panama. The main products that Bermuda exported to Panama were N/A. Over the past 5 years the exports of Bermuda to Panama have decreased at an annualized rate of 38.4%,  from $560k in 2017 to $18.8k in 2022.

In 2022, Bermuda 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, Bermuda ranked 199 in total exports ($68.1M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $4.17M to Bermuda. The main products exported from Panama to Bermuda were Packaged Medicaments ($2.14M), Textile Footwear ($512k), and Semiconductor Devices ($225k). During the last 5 years the exports of Panama to Bermuda have decreased at an annualized rate of 3%, from $4.85M in 2017 to $4.17M in 2022.

In 2014, Bermuda exported $18.8k to Panama. There were not main exports from Bermuda to Panama in 2014. During the last 5 years the exports of Bermuda to Panama have decreased at an annualized rate of 38.4%, from $560k in 2019 to $18.8k in 2014.

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

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

Latest Data

Trade between Panama (Flag) and Bermuda (Flag)

Panama Exports

Date

Market Competitiveness

Color
Panama
Top DestinationChina$1.14B
Bermuda
Top DestinationZambia$17.5M

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

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

In 2022, countries that imported more from Bermuda than Panama included Zambia ($17.5M), Zimbabwe ($4.06M), and Tanzania ($5.76M).

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

Comparative Advantage Panama - Bermuda

Flow
Scale

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

During 2022, Panama had a large net trade with Bermuda in the exports of Chemical Products ($2.29M), Footwear and Headwear ($534k), and Foodstuffs ($502k).

During 2014, Bermuda had a large net trade with Panama in the exports of .

Economic Complexity

Competitive Landscape

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

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

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