2022
Exports
$88.4kWorld Rnk 108 / 166
Flag Rnk 560 / 1051
2022
PRODUCT COMPLEXITY IN Locust beans, seaweed, sugar beet, cane, for food
-1.76Rnk 977 / 1025
2022
Imports
$28.4kWorld Rnk 136 / 197
Flag Rnk 1030 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $88.4k in Locust beans, seaweed, sugar beet, cane, for food, making it the 108th largest exporter of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 560th most exported product in Panama. The main destination of Locust beans, seaweed, sugar beet, cane, for food exports from Panama are: United States ($81k), Aruba ($3.9k), France ($1.88k), Guatemala ($886), and United Kingdom ($683).

The fastest growing export markets for Locust beans, seaweed, sugar beet, cane, for food of Panama between 2021 and 2022 were Aruba ($3.9k), Guatemala ($804), and United Kingdom ($683).

Imports In 2022, Panama imported $28.4k in Locust beans, seaweed, sugar beet, cane, for food, becoming the 136th largest importer of Locust beans, seaweed, sugar beet, cane, for food in the world. At the same year, Locust beans, seaweed, sugar beet, cane, for food was the 1030th most imported product in Panama. Panama imports Locust beans, seaweed, sugar beet, cane, for food primarily from: China ($18.8k), Germany ($4.03k), United States ($2.13k), Spain ($1.3k), and Brazil ($1.23k).

The fastest growing import markets in Locust beans, seaweed, sugar beet, cane, for food for Panama between 2021 and 2022 were Spain ($1.3k), Turkey ($889), and Brazil ($884).

Latest Trends

Sep 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 Locust beans, seaweed, sugar beet, cane, for food. 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)$88.4k
IMPORTS (2022)$28.4k
NET TRADE (2022)$60k

In 2022, Panama exported $88.4k in Locust beans, seaweed, sugar beet, cane, for food. The main destinations of Panama exports on Locust beans, seaweed, sugar beet, cane, for food were United States ($81k), Aruba ($3.9k), France ($1.88k), Guatemala ($886), and United Kingdom ($683).

In 2022, Panama imported $28.4k in Locust beans, seaweed, sugar beet, cane, for food, mainly from China ($18.8k), Germany ($4.03k), United States ($2.13k), Spain ($1.3k), and Brazil ($1.23k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Locust beans, seaweed, sugar beet, cane, for food EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Aruba$3.9k (1%)
Guatemala$804 (980%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Locust beans, seaweed, sugar beet, cane, for food BY Panama WERE (2021 - 2022):
United States-$88.3k (-52.1%)
France-$1.88k (-50%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Locust beans, seaweed, sugar beet, cane, for food were:
In 2022, Panama's main importing competitors in Locust beans, seaweed, sugar beet, cane, for food were:
Italy $253M
China $202M
Spain $182M

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Trade Value of Locust beans, seaweed, sugar beet, cane, for food by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALUnited States+ $58.7k
TOP IMPORT POTENTIALChina+ $174k

Locust beans, seaweed, sugar beet, cane, for food’s highest export potential is United States. With an export gap of $58.7k.   Locust beans, seaweed, sugar beet, cane, for food’s highest import potential is China with an import gap of $174k.

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