Crude Petroleum in Panama | The Observatory of Economic Complexity

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Exports In 2022, Panama exported $1.15M in Crude Petroleum, making it the 104th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 233rd most exported product in Panama. The main destination of Crude Petroleum exports from Panama are: Colombia ($1.15M), Spain ($228), Netherlands ($187), and Belgium ($98).

The fastest growing export markets for Crude Petroleum of Panama between 2021 and 2022 were Colombia ($843k), Spain ($228), and Netherlands ($187).

Imports In 2022, Panama imported $16.1B in Crude Petroleum, becoming the 17th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 1st most imported product in Panama. Panama imports Crude Petroleum primarily from: Guyana ($5.84B), Colombia ($5.23B), Ecuador ($4.02B), United States ($683M), and Trinidad and Tobago ($190M).

The fastest growing import markets in Crude Petroleum for Panama between 2021 and 2022 were Guyana ($5.02B), Colombia ($3.29B), and Ecuador ($768M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Panama to the United States.

Feb 2024

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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 Crude Petroleum. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Year

EXPORTS (2022)$1.15M

IMPORTS (2022)$16.1B

NET TRADE (2022)-$16.1B

In 2022, Panama exported $1.15M in Crude Petroleum. The main destinations of Panama exports on Crude Petroleum were Colombia ($1.15M), Spain ($228), Netherlands ($187), and Belgium ($98).

In 2022, Panama imported $16.1B in Crude Petroleum, mainly from Guyana ($5.84B), Colombia ($5.23B), Ecuador ($4.02B), United States ($683M), and Trinidad and Tobago ($190M).