China / Panama

Overview In May 2024, China exported $1.13B and imported $4.9M from Panama, resulting in a positive trade balance of $1.12B. Between May 2023 and May 2024 the exports of China have increased by $95.4M (9.26%) from $1.03B to $1.13B, while imports decreased by $-137M (-96.5%) from $142M to $4.9M.

Trade In May 2024, the top exports of China to Panama were Passenger and Cargo Ships ($160M), Refined Petroleum ($126M), Rubber Footwear ($36.2M), Telephones ($29.6M), and Machinery parts, not containing electrical connectors,... ($28.6M). In May 2024 the top imports of China from Panama were Copper Ore ($91.4M), Animal Meal and Pellets ($749k), Rough Wood ($469k), Frozen Bovine Meat ($185k), and Scrap Copper ($148k).

Origins In May 2024 the exports of China were mainly from Zhejiang Province ($338M), Guangdong Province ($200M), Jiangsu Province ($145M), Shanghai Province ($119M), and Fujian Province ($64.7M), while imports destinations were mainly Beijing ($2.7M), Fujian Province ($870k), Shanghai Province ($414k), Jiangsu Province ($261k), and Sichuan Province ($196k).

Growth In May 2024, the increase in China's year-by-year exports to Panama was explained primarily by an increase in product exports in Centrifuges ($9.44M or 81%), Coated Flat-Rolled Iron ($6.56M or 275%), and Radio Receivers ($6.34M or 165%). In May 2024, the decrease in China's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Copper Ore ($-20.2M or -18.1%), Scrap Copper ($-632k or -81%), and Rough Wood ($-512k or -52.2%).