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2018
Flag → Flag
Exports $93.3kRnk 73 / 0
2018
Flag → Flag
Exports $10.1MRnk 104 / 127
2018
Flag → Flag
Top Product $92.8kOffice Machine Parts
2022
Flag
Economic Complexity (ECI) ECI 0.17Rnk 56 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.072Rnk 60 / 133
2022
Flag  
GDP$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP GROWTH89.3%CURRENT US$
Rnk 19 / 186
2022
Flag
 GDP$389BCURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP GROWTH-39.7%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
2022
Flag
GDP PC$4,388CURRENT US$
Rnk 116 / 186
2012-2022
Flag
GDP PC GROWTH-47.3%CURRENT US$
Rnk 183 / 186

About

Panama-Iran Trade: In 2018, Panama exported $93.3k to Iran. The main products that Panama exported to Iran were N/A. Over the past 5 years the exports of Panama to Iran have decreased at an annualized rate of 70.8%, from $43.6M in 2013 to $93.3k in 2018.

In 2018, Panama did not export any services to Iran.

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

In 2018, Iran 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, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

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

Iran does not register exports to Panama. The main products exported from Iran to Panama were Office Machine Parts ($92.8k), Iron Cloth ($27k), and Packaged Medicaments ($21.1k).

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

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

Latest Data

Trade between Panama (Flag) and Iran (Flag)

Panama Exports

Market Competitiveness

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

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

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

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

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

Comparative Advantage Panama - Iran

Flow
Scale

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

During 2018, Panama had a large net trade with Iran in the exports of .

Potential Exports

Potential Exports

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

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

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

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