NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $1.53MRnk 82 / 146
2023
Flag → Flag
Top Product $1.31MCement
2023
Flag → Flag
Exports $1.53MRnk 82 / 0
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 / 195
2013-2023
Flag
GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

About

Panama-British Indian Ocean Territory Trade: In 2023, 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 5 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 35.1%, from $13.3M in 2018 to $1.53M in 2023.

In 2023, Panama did not export any services to British Indian Ocean Territory.

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

In 2023, British Indian Ocean Territory did not export any services to Panama.

Comparison In 2023,  Panama ranked 69 in the Economic Complexity Index (ECI -0.14),  and 121 in total exports ($6.59B). That same year, British Indian Ocean Territory ranked 209 in total exports ($23.5M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, 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 2018 to $1.53M in 2023.

British Indian Ocean Territory does not register exports to Panama.

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

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

Latest Data

Trade between Panama (Flag) and British Indian Ocean Territory (Flag)

Panama Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Panama - British Indian Ocean Territory

Flow
Scale

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

During 2023, 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 Panama and British Indian Ocean Territory. This means that a dot/product with the flag of Panama indicates it has a comparative advantage over British Indian Ocean Territory. Similarly, a dot/product with the flag of British Indian Ocean Territory indicates it has a comparative advantage over Panama.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms