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2023
Exports $2.94BWorld Rnk 9 / 111
Flag Rnk 1 / 1046
falsefalse China
2022 - 2023
FASTEST GROWING MARKETfalseChina
2023
PRODUCT COMPLEXITY IN Copper Ore-1.95Rnk 994 / 1025
2023
Imports $1.88kWorld Rnk 0 / 0
Flag Rnk 0 / 0
2022 - 2023
FASTEST GROWING ORIGINfalsefalse
2023
ECONOMIC COMPLEXITY of Panama-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $2.94B in Copper Ore, making it the 9th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 1st most exported product in Panama. The main destination of Copper Ore exports from Panama are: China ($1.55B), Japan ($503M), South Korea ($226M), Spain ($201M), and India ($198M).

The fastest growing export markets for Copper Ore of Panama between 2022 and 2023 were China ($479M), Germany ($38.7M), and Peru ($5.18k).

Imports In 2022, Panama imported $1.88k in Copper Ore, becoming the 0th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 0th most imported product in Panama. Panama imports Copper Ore primarily from: N/A.

Latest Trends

Dec 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 Copper Ore. 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)$2.94B
IMPORTS (2022)$1.88k
NET TRADE (2023)$2.94B

In 2023, Panama exported $2.94B in Copper Ore. The main destinations of Panama exports on Copper Ore were China ($1.55B), Japan ($503M), South Korea ($226M), Spain ($201M), and India ($198M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Panama WERE (2022 - 2023):
China$479M (44.7%)
Germany$38.7M (31.1%)
Peru$5.18k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Panama WERE (2022 - 2023):
Canada-$138M (-100%)
Japan-$128M (-20.3%)
Philippines-$82.6M (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Copper Ore were:
Chile $24.2B
Peru $19.9B
Indonesia $8.55B
In 2023, Panama's main importing competitors in Copper Ore were:
China $57.3B
Japan $11B
South Korea $4.95B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.9M
TOP IMPORT POTENTIALMexico+ $4.22k

Copper Ore’s highest export potential is China. With an export gap of $21.9M.   Copper Ore’s highest import potential is Mexico with an import gap of $4.22k.

See methodology.

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