Overview In June 2023, China exported $1.06B and imported $94.3M from Panama, resulting in a positive trade balance of $970M. Between June 2022 and June 2023 the exports of China have decreased by $-309M (-22.5%) from $1.37B to $1.06B, while imports decreased by $-54.1M (-36.5%) from $148M to $94.3M.
Trade In June 2023, the top exports of China to Panama were Refined Petroleum ($299M), Passenger and Cargo Ships ($195M), Telephones ($43.2M), Rubber Footwear ($32.8M), and Iron Structures ($29.1M). In June 2023 the top imports of China from Panama were Copper Ore ($112M), Rough Wood ($981k), Scrap Copper ($780k), Frozen Bovine Meat ($472k), and Coffee ($198k).
Origins In June 2023 the exports of China were mainly from Zhejiang Province ($319M), Guangdong Province ($211M), Beijing ($108M), Jiangsu Province ($90.2M), and Shandong Province ($88.6M), while imports destinations were mainly Fujian Province ($22.9M), Guangxi Zhuang Autonomous Region ($22.6M), Anhui Province ($22.5M), Shandong Province ($20.9M), and Guangdong Province ($1.41M).
Growth In June 2023, the decrease in China's year-by-year exports to Panama was explained primarily by an decrease in product exports in Machinery parts, not containing electrical connectors,... ($-19M or -45.7%), Radio Receivers ($-13.9M or -78.4%), and Semiconductor Devices ($-6.41M or -81%). In June 2023, the decrease in China's year-by-year imports from Panama was explained primarily by an decrease in product imports in Frozen Bovine Meat ($-252k or -34.8%), Hard Liquor ($-113k or -99.1%), and Textiles for technical uses ($-13.3k or -53.4%).