Panama (PAN) and Turks and Caicos Islands (TCA) Trade | The Observatory of Economic Complexity

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Panama (PAN) and Turks and Caicos Islands (TCA) Trade

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Exports $3.7BRnk 20 / 0

2023

Economic Complexity (ECI) ECI -0.14Rnk 69 / 132

2023

GDP$83.3BCURRENT US$
Rnk 76 / 195

2013-2023

GDP GROWTH77.5%CURRENT US$
Rnk 32 / 195

2023

GDP$1.4BCURRENT US$
Rnk 181 / 195

2013-2023

GDP GROWTH85.9%CURRENT US$
Rnk 23 / 195

2023

GDP PC $18,686CURRENT US$
Rnk 65 / 195

2013-2023

GDP PC GROWTH52.3%CURRENT US$
Rnk 43 / 195

2023

GDP PC$30,349CURRENT US$
Rnk 46 / 196

2013-2023

GDP PC GROWTH35.4%CURRENT US$
Rnk 69 / 195

Image 1

Image by Christian Córdova
Link: https://flic.kr/p/dkrmRc

Image 2

Image by Jared
Link: https://flic.kr/p/ouT97Q

Historical Data
Economic Complexity

About

In N/A, Panama did not export any services to Turks and Caicos Islands.

Turks and Caicos Islands-Panama In false, Turks and Caicos Islands did not export any products to Panama.

In N/A, Turks and Caicos Islands 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, Turks and Caicos Islands ranked 210 in total exports ($21.9M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

2012

2011

1999

Panama does not register exports to Turks and Caicos Islands.

Turks and Caicos Islands does not register exports to Panama.

Exports from Panama () to Turks and Caicos Islands () (2012)

Exports from Turks and Caicos Islands () to Panama () (2012)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Panama
Top DestinationChina$1.62B

Turks and Caicos Islands
Top DestinationGabon$5.91M

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

In 2023, countries that imported more from Panama than Turks and Caicos Islands included China ($1.62B), Japan ($653M), and United States ($385M).

In 2023, countries that imported more from Turks and Caicos Islands than Panama included Zimbabwe ($3.79M), Mozambique ($636k), and Mauritania ($502k).

Difference in imports from Turks and Caicos Islands () and Panama () (2023)

Comparative Advantage Panama - Turks and Caicos Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

2012

2011

1999

This chart compares trade between Panama and Turks and Caicos Islands by product, considering products traded by both, Panama and Turks and Caicos Islands.

Economic Complexity

Competitive Landscape

Year

2012

2011

1999

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

Product Space of Panama () and Turks and Caicos Islands () (2012)

Keep Exploring

Panama
Saint Pierre and Miquelon
Panama
Trinidad and Tobago
Nicaragua
Turks and Caicos Islands

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