2022
Exports | Imports
$232k | $1.99MWorld Rnk 60 / 166
Flag Rnk 424 / 1051
World Rnk 70 / 214
Flag Rnk 553 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.19Rnk 51 / 124
2022
PRODUCT COMPLEXITY IN Soldering and Welding Machinery
1.33Rnk 78 / 1025

About

Exports In 2022, Panama exported $232k in Soldering and Welding Machinery, making it the 60th largest exporter of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 424th most exported product in Panama. The main destination of Soldering and Welding Machinery exports from Panama are: China ($131k), Costa Rica ($71.5k), Jamaica ($12.9k), Trinidad and Tobago ($3.53k), and Ecuador ($3.06k).

The fastest growing export markets for Soldering and Welding Machinery of Panama between 2021 and 2022 were China ($66.2k), Costa Rica ($32.9k), and Jamaica ($8.81k).

Imports In 2022, Panama imported $1.99M in Soldering and Welding Machinery, becoming the 70th largest importer of Soldering and Welding Machinery in the world. At the same year, Soldering and Welding Machinery was the 553rd most imported product in Panama. Panama imports Soldering and Welding Machinery primarily from: China ($1.14M), United States ($493k), Italy ($128k), Chinese Taipei ($56.9k), and Mexico ($52.2k).

The fastest growing import markets in Soldering and Welding Machinery for Panama between 2021 and 2022 were China ($680k), Italy ($68.5k), and Mexico ($33.4k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Soldering and Welding Machinery from Panama to the United States.

Latest Trends

Feb 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 Soldering and Welding Machinery. 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)$232k
IMPORTS (2022)$1.99M
NET TRADE (2022)-$1.75M

In 2022, Panama exported $232k in Soldering and Welding Machinery. The main destinations of Panama exports on Soldering and Welding Machinery were China ($131k), Costa Rica ($71.5k), Jamaica ($12.9k), Trinidad and Tobago ($3.53k), and Ecuador ($3.06k).

In 2022, Panama imported $1.99M in Soldering and Welding Machinery, mainly from China ($1.14M), United States ($493k), Italy ($128k), Chinese Taipei ($56.9k), and Mexico ($52.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soldering and Welding Machinery EXPORT MARKETS FOR Panama WERE (2021 - 2022):
China$66.2k (102%)
Costa Rica$32.9k (85.2%)
Jamaica$8.81k (214%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soldering and Welding Machinery BY Panama WERE (2021 - 2022):
Guatemala-$22k (-88.1%)
Aruba-$4.2k (-58.6%)
Nicaragua-$2.43k (-79.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Soldering and Welding Machinery were:
In 2022, Panama's main importing competitors in Soldering and Welding Machinery were:

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Trade Value of Soldering and Welding Machinery by Exporters

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