Panama (PAN) and Iran (IRN) Trade | The Observatory of Economic Complexity

About

Panama-Iran In 2018, Panama exported $93.3k to Iran. The main products that Panama exported to Iran are N/A. During the last 14 years the exports of Panama to Iran have increased at an annualized rate of 7.03%, from $36k in 2004 to $93.3k in 2018.

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

Iran-Panama In 2018, Iran exported $146k to Panama. The main products that Iran exported to Panama were Office Machine Parts ($92.8k), Iron Cloth ($27k), and Packaged Medicaments ($21.1k). During the last 14 years the exports of Iran to Panama have increased at an annualized rate of 20.1%, from $11.3k in 2004 to $146k in 2018.

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2018, Panama exported $93.3k to Iran. There were not main exports from Panama to Iran in 2018. During the last 14 years the exports of Panama to Iran have increased at an annualized rate of 7.03%, from $36k in 2004 to $93.3k in 2018.

In 2022, Iran exported $146k to Panama. The main products exported from Iran to Panama were Office Machine Parts ($92.8k), Iron Cloth ($27k), and Packaged Medicaments ($21.1k). During the last 27 years the exports of Iran to Panama have increased at an annualized rate of 20.1%, from $11.3k in 1995 to $146k in 2022.

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

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

Latest Data

Trade between Panama () and Iran ()

Panama Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Panama than Iran were Japan ($785M), South Korea ($539M), and United States ($357M).

In 2021, countries that imported more from Iran than Panama were China ($5.72B), Turkey ($3.17B), and Kuwait ($960M).

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

Comparative Advantage Panama - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 .

During 2022, Iran had a large net trade with Panama in the exports of Machines ($95.6k), Metals ($27.2k), and Chemical Products ($21.1k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Panama () and Iran ()

Panama Exports

Market Competitiveness

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

Comparative Advantage Panama - Iran

Economic Complexity

Competitive Landscape

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

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