2022
Exports
$189kWorld Rnk 71 / 145
Flag Rnk 450 / 1051
2022
PRODUCT COMPLEXITY IN Electrical Insulators
0.63Rnk 303 / 1025
2022
Imports
$2.66MWorld Rnk 87 / 207
Flag Rnk 507 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $189k in Electrical Insulators, making it the 71st largest exporter of Electrical Insulators in the world. At the same year, Electrical Insulators was the 450th most exported product in Panama. The main destination of Electrical Insulators exports from Panama are: Costa Rica ($162k), Jamaica ($13.3k), Paraguay ($7.55k), Guatemala ($4.47k), and Ecuador ($1.22k).

The fastest growing export markets for Electrical Insulators of Panama between 2021 and 2022 were Costa Rica ($162k), Jamaica ($13.1k), and Paraguay ($7.55k).

Imports In 2022, Panama imported $2.66M in Electrical Insulators, becoming the 87th largest importer of Electrical Insulators in the world. At the same year, Electrical Insulators was the 507th most imported product in Panama. Panama imports Electrical Insulators primarily from: United States ($1.02M), Japan ($531k), China ($346k), Colombia ($248k), and Chile ($164k).

The fastest growing import markets in Electrical Insulators for Panama between 2021 and 2022 were United States ($671k), Japan ($531k), and Germany ($93.2k).

Latest Trends

Oct 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 Electrical Insulators. 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)$189k
IMPORTS (2022)$2.66M
NET TRADE (2022)-$2.47M

In 2022, Panama exported $189k in Electrical Insulators. The main destinations of Panama exports on Electrical Insulators were Costa Rica ($162k), Jamaica ($13.3k), Paraguay ($7.55k), Guatemala ($4.47k), and Ecuador ($1.22k).

In 2022, Panama imported $2.66M in Electrical Insulators, mainly from United States ($1.02M), Japan ($531k), China ($346k), Colombia ($248k), and Chile ($164k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical Insulators EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Costa Rica$162k (704k%)
Jamaica$13.1k (5.61k%)
Paraguay$7.55k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Insulators BY Panama WERE (2021 - 2022):
Guatemala-$6.72k (-60.1%)
Trinidad and Tobago-$256 (-100%)
Nicaragua-$250 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Electrical Insulators were:
In 2022, Panama's main importing competitors in Electrical Insulators were:

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Trade Value of Electrical Insulators by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $2.61k
TOP IMPORT POTENTIALChina+ $235k

Electrical Insulators’s highest export potential is Guatemala. With an export gap of $2.61k.   Electrical Insulators’s highest import potential is China with an import gap of $235k.

See methodology.

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