2022
Exports | Imports
$6.59M | $4.27MWorld Rnk 29 / 101
Flag Rnk 79 / 1051
World Rnk 106 / 194
Flag Rnk 438 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.19Rnk 51 / 124
2022
PRODUCT COMPLEXITY IN Other Nitrogen Compounds
1.36Rnk 72 / 1025

About

Exports In 2022, Panama exported $6.59M in Other Nitrogen Compounds, making it the 29th largest exporter of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 79th most exported product in Panama. The main destination of Other Nitrogen Compounds exports from Panama are: Dominican Republic ($2.15M), Ecuador ($1.99M), Paraguay ($830k), Guatemala ($254k), and Colombia ($254k).

The fastest growing export markets for Other Nitrogen Compounds of Panama between 2021 and 2022 were Ecuador ($1.34M), Colombia ($254k), and Uruguay ($160k).

Imports In 2022, Panama imported $4.27M in Other Nitrogen Compounds, becoming the 106th largest importer of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 438th most imported product in Panama. Panama imports Other Nitrogen Compounds primarily from: United States ($1.65M), Japan ($957k), Spain ($575k), China ($435k), and Germany ($211k).

The fastest growing import markets in Other Nitrogen Compounds for Panama between 2021 and 2022 were Japan ($722k), Spain ($561k), and Netherlands ($147k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Other Nitrogen Compounds from Panama to the United States.

Latest Trends

Jan 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Other Nitrogen Compounds. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.59M
IMPORTS (2022)$4.27M
NET TRADE (2022)$2.32M

In 2022, Panama exported $6.59M in Other Nitrogen Compounds. The main destinations of Panama exports on Other Nitrogen Compounds were Dominican Republic ($2.15M), Ecuador ($1.99M), Paraguay ($830k), Guatemala ($254k), and Colombia ($254k).

In 2022, Panama imported $4.27M in Other Nitrogen Compounds, mainly from United States ($1.65M), Japan ($957k), Spain ($575k), China ($435k), and Germany ($211k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Nitrogen Compounds EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Ecuador$1.34M (207%)
Colombia$254k (1%)
Uruguay$160k (1.5k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nitrogen Compounds BY Panama WERE (2021 - 2022):
United States-$170k (-47%)
Dominican Republic-$162k (-7.01%)
Nicaragua-$71.4k (-89.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Other Nitrogen Compounds were:
In 2022, Panama's main importing competitors in Other Nitrogen Compounds were:

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Trade Value of Other Nitrogen Compounds by Exporters

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