China / Panama

Overview In December 2024, China exported $942M and imported $2.76M from Panama, resulting in a positive trade balance of $939M. Between December 2023 and December 2024 the exports of China have increased by $50.5M (5.67%) from $891M to $942M, while imports decreased by $-139M (-98.1%) from $142M to $2.76M.

Trade In December 2024, the top exports of China to Panama were Refined Petroleum ($180M), Passenger and Cargo Ships ($89.7M), Machinery parts, not containing electrical connectors,... ($57.6M), Telephones ($36.9M), and Rubber Footwear ($29.6M). In December 2024 the top imports of China from Panama were Copper Ore ($22.2M), Frozen Bovine Meat ($1.17M), Scrap Copper ($935k), Scrap Aluminium ($410k), and Animal Meal and Pellets ($202k).

Origins In December 2024 the exports of China were mainly from Zhejiang Province ($308M), Guangdong Province ($181M), Jiangsu Province ($70.7M), Shandong Province ($66M), and Fujian Province ($40.4M), while imports destinations were mainly Guangdong Province ($798k), Beijing ($549k), Shanghai Province ($523k), Anhui Province ($356k), and Zhejiang Province ($182k).

Growth In December 2024, the increase in China's year-by-year exports to Panama was explained primarily by an increase in product exports in Refined Petroleum ($53.2M or 42.1%), Machinery parts, not containing electrical connectors,... ($29M or 102%), and Telephones ($7.29M or 24.6%). In December 2024, the decrease in China's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Copper Ore ($-69.2M or -75.7%), Animal Meal and Pellets ($-547k or -73%), and Rough Wood ($-275k or -58.7%).