2022
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GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH
89.3%CURRENT US$
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2022
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GDP PC 
$17,358CURRENT US$
Rnk 59 / 186
2012-2022
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GDP PC GROWTH
61.2%CURRENT US$
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About

Panama-British Indian Ocean Territory In 2022, Panama exported $653k to British Indian Ocean Territory. The main products that Panama exported to British Indian Ocean Territory are Cement ($506k), Iron Structures ($63.7k), and Fruit Juice ($27.8k). During the last 11 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 23.1%, from $11.7M in 2011 to $653k in 2022.

In 2022, Panama did not export any services to British Indian Ocean Territory.

British Indian Ocean Territory-Panama In 2022, British Indian Ocean Territory exported $58.2k to Panama. The main products that British Indian Ocean Territory exported to Panama were N/A. During the last 11 years the exports of British Indian Ocean Territory to Panama have remained the same at an annualized rate of 0%, from $58.2k in 2011 to $58.2k in 2022.

In 2022, British Indian Ocean Territory did not export any services to Panama.

Comparison In 2022,  Panama ranked 51 in the Economic Complexity Index (ECI 0.19),  and 119 in total exports ($6.62B). That same year, British Indian Ocean Territory ranked 221 in total exports ($5.8M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $653k to British Indian Ocean Territory. The main products exported from Panama to British Indian Ocean Territory were Cement ($506k), Iron Structures ($63.7k), and Fruit Juice ($27.8k). During the last 11 years the exports of Panama to British Indian Ocean Territory have decreased at an annualized rate of 23.1%, from $11.7M in 2011 to $653k in 2022.

In 2011, British Indian Ocean Territory exported $58.2k to Panama. There were not main exports from British Indian Ocean Territory to Panama in 2011.

Exports from Panama (Flag) to British Indian Ocean Territory (Flag) (2022)

Exports from British Indian Ocean Territory (Flag) to Panama (Flag) (2022)

Latest Data

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

Panama Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.14B

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 2021, countries that imported more from Panama than British Indian Ocean Territory were China ($1.14B), Japan ($785M), and South Korea ($539M).

In 2021, countries that imported more from British Indian Ocean Territory than Panama were Singapore ($4.42M), Uzbekistan ($280k), and Brunei ($759).

Difference in imports from British Indian Ocean Territory (Flag) and Panama (Flag) (2022)

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 2022, Panama had a large net trade with British Indian Ocean Territory in the exports of Mineral Products ($506k), Metals ($90.9k), and Foodstuffs ($27.8k).

During 2011, British Indian Ocean Territory had a large net trade with Panama in the exports of .

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Panama has comparative advantage over British Indian Ocean Territory. Similarly, the more yellow a dot/product is, the more British Indian Ocean Territory has comparative advantage over Panama.

Product Space of Panama (Flag) and British Indian Ocean Territory (Flag) (2022)

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