2022
Exports
$1.28MWorld Rnk 44 / 153
Flag Rnk 220 / 1051
2022
PRODUCT COMPLEXITY IN Laboratory Reagents
1.53Rnk 45 / 1025
2022
Imports
$618kWorld Rnk 96 / 180
Flag Rnk 741 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $1.28M in Laboratory Reagents, making it the 44th largest exporter of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 220th most exported product in Panama. The main destination of Laboratory Reagents exports from Panama are: Guyana ($627k), Barbados ($170k), Grenada ($154k), Ecuador ($137k), and Suriname ($136k).

The fastest growing export markets for Laboratory Reagents of Panama between 2021 and 2022 were Guyana ($434k), Montserrat ($39.3k), and Bahamas ($4.38k).

Imports In 2022, Panama imported $618k in Laboratory Reagents, becoming the 96th largest importer of Laboratory Reagents in the world. At the same year, Laboratory Reagents was the 741st most imported product in Panama. Panama imports Laboratory Reagents primarily from: Chinese Taipei ($584k), Argentina ($34.2k), Aruba ($137), Ukraine ($50), and Ecuador ($2).

The fastest growing import markets in Laboratory Reagents for Panama between 2021 and 2022 were Chinese Taipei ($140k), Argentina ($23.3k), and Aruba ($137).

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 Laboratory Reagents. 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)$1.28M
IMPORTS (2022)$618k
NET TRADE (2022)$658k

In 2022, Panama exported $1.28M in Laboratory Reagents. The main destinations of Panama exports on Laboratory Reagents were Guyana ($627k), Barbados ($170k), Grenada ($154k), Ecuador ($137k), and Suriname ($136k).

In 2022, Panama imported $618k in Laboratory Reagents, mainly from Chinese Taipei ($584k), Argentina ($34.2k), Aruba ($137), Ukraine ($50), and Ecuador ($2).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Laboratory Reagents EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Guyana$434k (225%)
Montserrat$39.3k (1%)
Bahamas$4.38k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Laboratory Reagents BY Panama WERE (2021 - 2022):
Costa Rica-$5.37M (-100%)
Jamaica-$4.56M (-100%)
Guatemala-$1.12M (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Laboratory Reagents were:
In 2022, Panama's main importing competitors in Laboratory Reagents were:

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Trade Value of Laboratory Reagents by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $201k
TOP IMPORT POTENTIALChina+ $3.13M

Laboratory Reagents’s highest export potential is United Kingdom. With an export gap of $201k.   Laboratory Reagents’s highest import potential is China with an import gap of $3.13M.

See methodology.

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