2022
Exports
$6.43MWorld Rnk 88 / 210
Flag Rnk 84 / 1051
2022
PRODUCT COMPLEXITY IN Cars
0.9Rnk 207 / 1025
2022
Imports
$786MWorld Rnk 77 / 224
Flag Rnk 5 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $6.43M in Cars, making it the 88th largest exporter of Cars in the world. At the same year, Cars was the 84th most exported product in Panama. The main destination of Cars exports from Panama are: Nigeria ($4.4M), Aruba ($372k), Costa Rica ($300k), United Kingdom ($242k), and Chile ($206k).

The fastest growing export markets for Cars of Panama between 2021 and 2022 were United Kingdom ($242k), Bahamas ($201k), and Chile ($198k).

Imports In 2022, Panama imported $786M in Cars, becoming the 77th largest importer of Cars in the world. At the same year, Cars was the 5th most imported product in Panama. Panama imports Cars primarily from: Japan ($129M), United States ($103M), China ($74.9M), Argentina ($73.7M), and India ($72.5M).

The fastest growing import markets in Cars for Panama between 2021 and 2022 were Japan ($48.7M), China ($41.9M), and Brazil ($30.4M).

COMPANIES In 2023, leading companies such as Dole Fresh Fruit (3) were at the forefront of shipping Cars from Panama to the United States.

Latest Trends

Sep 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 Cars. 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)$6.43M
IMPORTS (2022)$786M
NET TRADE (2022)-$780M

In 2022, Panama exported $6.43M in Cars. The main destinations of Panama exports on Cars were Nigeria ($4.4M), Aruba ($372k), Costa Rica ($300k), United Kingdom ($242k), and Chile ($206k).

In 2022, Panama imported $786M in Cars, mainly from Japan ($129M), United States ($103M), China ($74.9M), Argentina ($73.7M), and India ($72.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Panama WERE (2021 - 2022):
United Kingdom$242k (1%)
Bahamas$201k (1%)
Chile$198k (2.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Panama WERE (2021 - 2022):
Nigeria-$965k (-18%)
Guatemala-$436k (-99.9%)
Spain-$279k (-60.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $597k
TOP IMPORT POTENTIALMexico+ $46.7M

Cars’s highest export potential is United Kingdom. With an export gap of $597k.   Cars’s highest import potential is Mexico with an import gap of $46.7M.

See methodology.

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