2022
Exports
$1.77MWorld Rnk 72 / 152
Flag Rnk 186 / 1051
2022
PRODUCT COMPLEXITY IN Buses
0.074Rnk 528 / 1025
2022
Imports
$21.5MWorld Rnk 94 / 217
Flag Rnk 195 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $1.77M in Buses, making it the 72nd largest exporter of Buses in the world. At the same year, Buses was the 186th most exported product in Panama. The main destination of Buses exports from Panama are: Nigeria ($1.58M), Costa Rica ($98.2k), Guyana ($68.3k), Belize ($15.7k), and Aruba ($10.5k).

The fastest growing export markets for Buses of Panama between 2021 and 2022 were Nigeria ($1.07M), Guyana ($68.3k), and Costa Rica ($17.8k).

Imports In 2022, Panama imported $21.5M in Buses, becoming the 94th largest importer of Buses in the world. At the same year, Buses was the 195th most imported product in Panama. Panama imports Buses primarily from: South Korea ($6.95M), Japan ($6.93M), China ($2.59M), United States ($2.49M), and Brazil ($1.17M).

The fastest growing import markets in Buses for Panama between 2021 and 2022 were South Korea ($5.19M), Japan ($3.4M), and China ($2.14M).

Latest Trends

Oct 2024

Subnational Monthly Trade

View
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 Buses. 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)$1.77M
IMPORTS (2022)$21.5M
NET TRADE (2022)-$19.8M

In 2022, Panama exported $1.77M in Buses. The main destinations of Panama exports on Buses were Nigeria ($1.58M), Costa Rica ($98.2k), Guyana ($68.3k), Belize ($15.7k), and Aruba ($10.5k).

In 2022, Panama imported $21.5M in Buses, mainly from South Korea ($6.95M), Japan ($6.93M), China ($2.59M), United States ($2.49M), and Brazil ($1.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Nigeria$1.07M (212%)
Guyana$68.3k (1%)
Costa Rica$17.8k (22.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Panama WERE (2021 - 2022):
Barbados-$4.32M (-100%)
Aruba-$1.09M (-99%)
Zimbabwe-$126k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Buses were:
China $2.64B
Japan $1.95B
Turkey $1.52B
In 2022, Panama's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $43k
TOP IMPORT POTENTIALChina+ $1.4M

Buses’s highest export potential is Costa Rica. With an export gap of $43k.   Buses’s highest import potential is China with an import gap of $1.4M.

See methodology.

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