2023
Exports
$273MWorld Rnk 13 / 163
Flag Rnk 5 / 1046
2023
PRODUCT COMPLEXITY IN Bananas
-1.96Rnk 995 / 1025
2023
Imports
$13.4MWorld Rnk 70 / 203
Flag Rnk 220 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $273M in Bananas, making it the 13th largest exporter of Bananas in the world. At the same year, Bananas was the 5th most exported product in Panama. The main destination of Bananas exports from Panama are: Netherlands ($87.2M), Germany ($51.8M), United States ($36.1M), United Kingdom ($20.1M), and Switzerland ($11.2M).

The fastest growing export markets for Bananas of Panama between 2022 and 2023 were Netherlands ($36.5M), Germany ($24.2M), and United States ($14.5M).

Imports In 2023, Panama imported $13.4M in Bananas, becoming the 70th largest importer of Bananas in the world. At the same year, Bananas was the 220th most imported product in Panama. Panama imports Bananas primarily from: Peru ($13.4M), Brazil ($56.5k), United States ($13.5k), Costa Rica ($6.9k), and Ukraine ($1.02k).

The fastest growing import markets in Bananas for Panama between 2022 and 2023 were Brazil ($20.9k), Costa Rica ($6.52k), and United States ($2.03k).

Latest Trends

Jan 2025

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 Bananas. 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 (2023)$273M
IMPORTS (2023)$13.4M
NET TRADE (2023)$259M

In 2023, Panama exported $273M in Bananas. The main destinations of Panama exports on Bananas were Netherlands ($87.2M), Germany ($51.8M), United States ($36.1M), United Kingdom ($20.1M), and Switzerland ($11.2M).

In 2023, Panama imported $13.4M in Bananas, mainly from Peru ($13.4M), Brazil ($56.5k), United States ($13.5k), Costa Rica ($6.9k), and Ukraine ($1.02k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Netherlands$36.5M (72%)
Germany$24.2M (87.6%)
United States$14.5M (67.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Panama WERE (2022 - 2023):
Finland-$6.06M (-38.8%)
Ukraine-$3.39M (-60.4%)
Sweden-$2.61M (-26.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Bananas were:
In 2023, Panama's main importing competitors in Bananas were:

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $11.7M
TOP IMPORT POTENTIALBrazil+ $64.3k

Bananas’s highest export potential is United States. With an export gap of $11.7M.   Bananas’s highest import potential is Brazil with an import gap of $64.3k.

See methodology.

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