2023
Exports
$8.01MWorld Rnk 87 / 210
Flag Rnk 66 / 1046
2023
PRODUCT COMPLEXITY IN Cars
0.9Rnk 206 / 1025
2023
Imports
$910MWorld Rnk 79 / 225
Flag Rnk 5 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $8.01M in Cars, making it the 87th largest exporter of Cars in the world. At the same year, Cars was the 66th most exported product in Panama. The main destination of Cars exports from Panama are: Barbados ($2.98M), Angola ($1.86M), Nigeria ($1.04M), Costa Rica ($822k), and Spain ($396k).

The fastest growing export markets for Cars of Panama between 2022 and 2023 were Barbados ($2.98M), Angola ($1.85M), and Costa Rica ($523k).

Imports In 2023, Panama imported $910M in Cars, becoming the 79th 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: China ($153M), Japan ($131M), United States ($118M), India ($84.9M), and Argentina ($76.9M).

The fastest growing import markets in Cars for Panama between 2022 and 2023 were China ($90.7M), India ($18.2M), and Indonesia ($14.3M).

COMPANIES In 2024, leading companies such as Amazon Produce Network (14) and Dole Fresh Fruit (3) were at the forefront of shipping Cars from Panama to the United States.

Latest Trends

Dec 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.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$8.01M
IMPORTS (2023)$910M
NET TRADE (2023)-$902M

In 2023, Panama exported $8.01M in Cars. The main destinations of Panama exports on Cars were Barbados ($2.98M), Angola ($1.86M), Nigeria ($1.04M), Costa Rica ($822k), and Spain ($396k).

In 2023, Panama imported $910M in Cars, mainly from China ($153M), Japan ($131M), United States ($118M), India ($84.9M), and Argentina ($76.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Barbados$2.98M (1%)
Angola$1.85M (13k%)
Costa Rica$523k (174%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Panama WERE (2022 - 2023):
Nigeria-$3.38M (-76.5%)
Cuba-$2.57M (-100%)
United Kingdom-$220k (-91%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Panama's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Panama's main importing competitors in Cars were:

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with