2022
Exports
$382kWorld Rnk 83 / 177
Flag Rnk 366 / 1051
2022
PRODUCT COMPLEXITY IN Bandages
0.96Rnk 187 / 1025
2022
Imports
$12.6MWorld Rnk 69 / 221
Flag Rnk 264 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $382k in Bandages, making it the 83rd largest exporter of Bandages in the world. At the same year, Bandages was the 366th most exported product in Panama. The main destination of Bandages exports from Panama are: Costa Rica ($112k), Chile ($105k), Jamaica ($73.2k), Guatemala ($35.1k), and Barbados ($25.1k).

The fastest growing export markets for Bandages of Panama between 2021 and 2022 were Jamaica ($62.4k), Costa Rica ($46.9k), and Chile ($30.5k).

Imports In 2022, Panama imported $12.6M in Bandages, becoming the 69th largest importer of Bandages in the world. At the same year, Bandages was the 264th most imported product in Panama. Panama imports Bandages primarily from: China ($3.66M), United States ($2.78M), Peru ($971k), United Kingdom ($734k), and Belgium ($605k).

The fastest growing import markets in Bandages for Panama between 2021 and 2022 were China ($895k), Peru ($872k), and United States ($381k).

Latest Trends

Sep 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 Bandages. 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)$382k
IMPORTS (2022)$12.6M
NET TRADE (2022)-$12.2M

In 2022, Panama exported $382k in Bandages. The main destinations of Panama exports on Bandages were Costa Rica ($112k), Chile ($105k), Jamaica ($73.2k), Guatemala ($35.1k), and Barbados ($25.1k).

In 2022, Panama imported $12.6M in Bandages, mainly from China ($3.66M), United States ($2.78M), Peru ($971k), United Kingdom ($734k), and Belgium ($605k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Jamaica$62.4k (579%)
Costa Rica$46.9k (72.4%)
Chile$30.5k (41.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Panama WERE (2021 - 2022):
Guatemala-$97.8k (-73.6%)
Dominican Republic-$14.8k (-55%)
Cayman Islands-$14.6k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Bandages were:
In 2022, Panama's main importing competitors in Bandages were:

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChile+ $10.4k
TOP IMPORT POTENTIALChina+ $1.18M

Bandages’s highest export potential is Chile. With an export gap of $10.4k.   Bandages’s highest import potential is China with an import gap of $1.18M.

See methodology.

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