2023
Exports
$122MWorld Rnk 12 / 119
Flag Rnk 7 / 1046
2023
PRODUCT COMPLEXITY IN Fish oil
-1.52Rnk 946 / 1025
2023
Imports
$597kWorld Rnk 73 / 175
Flag Rnk 733 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $122M in Fish oil, making it the 12th largest exporter of Fish oil in the world. At the same year, Fish oil was the 7th most exported product in Panama. The main destination of Fish oil exports from Panama are: Denmark ($66.2M), Norway ($39.2M), Germany ($8.23M), Belgium ($4.03M), and France ($2.05M).

The fastest growing export markets for Fish oil of Panama between 2022 and 2023 were Denmark ($63.2M), Norway ($34.2M), and Germany ($8.23M).

Imports In 2023, Panama imported $597k in Fish oil, becoming the 73rd largest importer of Fish oil in the world. At the same year, Fish oil was the 733rd most imported product in Panama. Panama imports Fish oil primarily from: United Kingdom ($321k), Canada ($252k), United States ($21k), and Spain ($3.07k).

The fastest growing import markets in Fish oil for Panama between 2022 and 2023 were Canada ($34.6k) and Spain ($3.07k).

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 Fish oil. 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)$122M
IMPORTS (2023)$597k
NET TRADE (2023)$122M

In 2023, Panama exported $122M in Fish oil. The main destinations of Panama exports on Fish oil were Denmark ($66.2M), Norway ($39.2M), Germany ($8.23M), Belgium ($4.03M), and France ($2.05M).

In 2023, Panama imported $597k in Fish oil, mainly from United Kingdom ($321k), Canada ($252k), United States ($21k), and Spain ($3.07k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Denmark$63.2M (2.13k%)
Norway$34.2M (689%)
Germany$8.23M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Panama WERE (2022 - 2023):
Australia-$714k (-100%)
Ecuador-$302k (-100%)
Costa Rica-$43.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Fish oil were:
In 2023, Panama's main importing competitors in Fish oil were:

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChile+ $96.4k
TOP IMPORT POTENTIALUnited States+ $61.1k

Fish oil’s highest export potential is Chile. With an export gap of $96.4k.   Fish oil’s highest import potential is United States with an import gap of $61.1k.

See methodology.

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