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2022
Exports $297World Rnk 89 / 92
Flag Rnk 997 / 1051
2022
Destination $1 Guatemala
2021 - 2022
FASTEST GROWING MARKET $1Nicaragua
2022
PRODUCT COMPLEXITY IN Looms0.9Rnk 209 / 1025
2022
Imports $4.18kWorld Rnk 140 / 159
Flag Rnk 1102 / 1153
2022
Origin $4.15k United States
2021 - 2022
FASTEST GROWING ORIGIN $4.15kUnited States
2022
ECONOMIC COMPLEXITY of Panama0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $297 in Looms, making it the 89th largest exporter of Looms in the world. At the same year, Looms was the 997th most exported product in Panama. The main destination of Looms exports from Panama are: Guatemala ($296) and Nicaragua ($1).

The fastest growing export markets for Looms of Panama between 2021 and 2022 were Nicaragua ($1).

Imports In 2022, Panama imported $4.18k in Looms, becoming the 140th largest importer of Looms in the world. At the same year, Looms was the 1102nd most imported product in Panama. Panama imports Looms primarily from: United States ($4.15k) and Ecuador ($32).

The fastest growing import markets in Looms for Panama between 2021 and 2022 were United States ($4.15k) and Ecuador ($32).

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 Looms. 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)$297
IMPORTS (2022)$4.18k
NET TRADE (2022)-$3.89k

In 2022, Panama exported $297 in Looms. The main destinations of Panama exports on Looms were Guatemala ($296) and Nicaragua ($1).

In 2022, Panama imported $4.18k in Looms, mainly from United States ($4.15k) and Ecuador ($32).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Looms EXPORT MARKETS FOR Panama WERE (2021 - 2022):Nicaragua$1 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Looms BY Panama WERE (2021 - 2022):
Guatemala-$35.3k (-99.2%)
Dominican Republic-$12.2k (-100%)
El Salvador-$89 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Looms were:
Belgium $706M
China $609M
Japan $358M
In 2022, Panama's main importing competitors in Looms were:
India $694M
Turkey $290M
China $284M

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Trade Value of Looms by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $469
TOP IMPORT POTENTIALChina+ $669

Looms’s highest export potential is India. With an export gap of $469.   Looms’s highest import potential is China with an import gap of $669.

See methodology.

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