2022
Exports
$1.44MWorld Rnk 46 / 125
Flag Rnk 206 / 1051
2022
PRODUCT COMPLEXITY IN Cocoa Beans
-2.82Rnk 1025 / 1025
2022
Imports
$292kWorld Rnk 62 / 159
Flag Rnk 832 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $1.44M in Cocoa Beans, making it the 46th largest exporter of Cocoa Beans in the world. At the same year, Cocoa Beans was the 206th most exported product in Panama. The main destination of Cocoa Beans exports from Panama are: Germany ($746k), Argentina ($185k), Switzerland ($176k), South Africa ($137k), and Netherlands ($119k).

The fastest growing export markets for Cocoa Beans of Panama between 2021 and 2022 were Argentina ($185k), Switzerland ($176k), and South Africa ($21.3k).

Imports In 2022, Panama imported $292k in Cocoa Beans, becoming the 62nd largest importer of Cocoa Beans in the world. At the same year, Cocoa Beans was the 832nd most imported product in Panama. Panama imports Cocoa Beans primarily from: Costa Rica ($188k), Ecuador ($104k), and United States ($156).

The fastest growing import markets in Cocoa Beans for Panama between 2021 and 2022 were United States ($156).

COMPANIES In 2023, leading companies such as Barry Callebaut (5) were at the forefront of shipping Cocoa Beans from Panama to the United States.

Latest Trends

Apr 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 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 (2022)$1.44M
IMPORTS (2022)$292k
NET TRADE (2022)$1.14M

In 2022, Panama exported $1.44M in Cocoa Beans. The main destinations of Panama exports on Cocoa Beans were Germany ($746k), Argentina ($185k), Switzerland ($176k), South Africa ($137k), and Netherlands ($119k).

In 2022, Panama imported $292k in Cocoa Beans, mainly from Costa Rica ($188k), Ecuador ($104k), and United States ($156).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Beans EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Argentina$185k (1%)
Switzerland$176k (1%)
South Africa$21.3k (18.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Beans BY Panama WERE (2021 - 2022):
Netherlands-$366k (-75.5%)
Germany-$300k (-28.7%)
Saudi Arabia-$52.1k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Cocoa Beans by Exporters

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