2022
Flag  
GDP
$76.5BCURRENT US$
Rnk 74 / 186
2012-2022
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GDP GROWTH
89.3%CURRENT US$
Rnk 19 / 186
2022
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 GDP
$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH
85.2%CURRENT US$
Rnk 24 / 186
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$
Rnk 26 / 186
2022
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GDP PC
$2,389CURRENT US$
Rnk 140 / 186
2012-2022
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GDP PC GROWTH
66.6%CURRENT US$
Rnk 20 / 186

About

Panama-India In 2022, Panama exported $292M to India. The main products that Panama exported to India are Copper Ore ($214M), Rough Wood ($48.5M), and Passenger and Cargo Ships ($16.4M). During the last 27 years the exports of Panama to India have increased at an annualized rate of 23.7%, from $930k in 1995 to $292M in 2022.

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

India-Panama In 2022, India exported $310M to Panama. The main products that India exported to Panama were Cars ($72.5M), Knit T-shirts ($26.6M), and Packaged Medicaments ($18M). During the last 27 years the exports of India to Panama have increased at an annualized rate of 9.16%, from $29M in 1995 to $310M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Panama exported $292M to India. The main products exported from Panama to India were Copper Ore ($214M), Rough Wood ($48.5M), and Passenger and Cargo Ships ($16.4M). During the last 27 years the exports of Panama to India have increased at an annualized rate of 23.7%, from $930k in 1995 to $292M in 2022.

In 2022, India exported $310M to Panama. The main products exported from India to Panama were Cars ($72.5M), Knit T-shirts ($26.6M), and Packaged Medicaments ($18M). During the last 27 years the exports of India to Panama have increased at an annualized rate of 9.16%, from $29M in 1995 to $310M in 2022.

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

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

Latest Data

Trade between Panama (Flag) and India (Flag)

Panama Exports

India Exports

Market Competitiveness

Color
Panama
Top Destination
China$1.14B
India
Top Destination
United States$82.9B

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

In 2021, countries that imported more from Panama than India were Aruba ($43.4M), Barbados ($45.1M), and Bahamas ($29.5M).

In 2021, countries that imported more from India than Panama were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Panama - India

Flow
Scale

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

During 2022, Panama had a large net trade with India in the exports of Mineral Products ($214M), Wood Products ($48.6M), and Transportation ($16.4M).

During 2022, India had a large net trade with Panama in the exports of Textiles ($111M), Transportation ($77.2M), and Chemical Products ($35M).

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 India. Similarly, the more yellow a dot/product is, the more India has comparative advantage over Panama.

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

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