2023
Exports
$2.26MWorld Rnk 44 / 134
Flag Rnk 155 / 1046
2023
PRODUCT COMPLEXITY IN Cocoa Beans
-2.94Rnk 1025 / 1025
2023
Imports
$505kWorld Rnk 51 / 159
Flag Rnk 765 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $2.26M in Cocoa Beans, making it the 44th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 155th most exported product in Panama. The main destination of Cocoa Beans exports from Panama are: Germany ($678k), Switzerland ($579k), Argentina ($312k), Costa Rica ($203k), and Poland ($143k).

The fastest growing export markets for Cocoa Beans of Panama between 2022 and 2023 were Switzerland ($403k), Costa Rica ($203k), and Poland ($143k).

Imports In 2023, Panama imported $505k in Cocoa Beans, becoming the 51st largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 765th most imported product in Panama. Panama imports Cocoa Beans primarily from: Ecuador ($274k), Costa Rica ($230k), United States ($542), and Brazil ($350).

The fastest growing import markets in Cocoa Beans for Panama between 2022 and 2023 were Ecuador ($181k), Costa Rica ($16k), and United States ($386).

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 Cocoa Beans. 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)$2.26M
IMPORTS (2023)$505k
NET TRADE (2023)$1.75M

In 2023, Panama exported $2.26M in Cocoa Beans. The main destinations of Panama exports on Cocoa Beans were Germany ($678k), Switzerland ($579k), Argentina ($312k), Costa Rica ($203k), and Poland ($143k).

In 2023, Panama imported $505k in Cocoa Beans, mainly from Ecuador ($274k), Costa Rica ($230k), United States ($542), and Brazil ($350).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Switzerland$403k (230%)
Costa Rica$203k (1%)
Poland$143k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Panama WERE (2022 - 2023):
Netherlands-$92.4k (-99.4%)
South Africa-$90k (-65%)
Germany-$64.5k (-8.68%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cocoa Beans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $244k
TOP IMPORT POTENTIALEcuador+ $65k

Cocoa Beans’s highest export potential is Germany. With an export gap of $244k.   Cocoa Beans’s highest import potential is Ecuador with an import gap of $65k.

See methodology.

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