2022
Exports
$6.41MWorld Rnk 33 / 136
Flag Rnk 85 / 1051
2022
PRODUCT COMPLEXITY IN Molasses
-1.56Rnk 955 / 1025
2022
Imports
$7.63kWorld Rnk 148 / 193
Flag Rnk 1083 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $6.41M in Molasses, making it the 33rd largest exporter of Molasses in the world. At the same year, Molasses was the 85th most exported product in Panama. The main destination of Molasses exports from Panama are: Guyana ($2.36M), Jamaica ($2.3M), Barbados ($739k), Grenada ($494k), and Saint Lucia ($238k).

The fastest growing export markets for Molasses of Panama between 2021 and 2022 were Guyana ($2.36M), Jamaica ($2.3M), and Saint Lucia ($117k).

Imports In 2022, Panama imported $7.63k in Molasses, becoming the 148th largest importer of Molasses in the world. At the same year, Molasses was the 1083rd most imported product in Panama. Panama imports Molasses primarily from: United States ($6.27k), Lebanon ($640), Brazil ($569), Colombia ($150), and Dominican Republic ($1).

The fastest growing import markets in Molasses for Panama between 2021 and 2022 were Lebanon ($640) and Dominican Republic ($1).

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 Molasses. 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)$6.41M
IMPORTS (2022)$7.63k
NET TRADE (2022)$6.41M

In 2022, Panama exported $6.41M in Molasses. The main destinations of Panama exports on Molasses were Guyana ($2.36M), Jamaica ($2.3M), Barbados ($739k), Grenada ($494k), and Saint Lucia ($238k).

In 2022, Panama imported $7.63k in Molasses, mainly from United States ($6.27k), Lebanon ($640), Brazil ($569), Colombia ($150), and Dominican Republic ($1).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Guyana$2.36M (1%)
Jamaica$2.3M (1%)
Saint Lucia$117k (97.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Panama WERE (2021 - 2022):
Trinidad and Tobago-$463k (-100%)
Barbados-$294k (-28.5%)
Colombia-$182k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $54.2k
TOP IMPORT POTENTIALUnited States+ $2.52k

Molasses’s highest export potential is France. With an export gap of $54.2k.   Molasses’s highest import potential is United States with an import gap of $2.52k.

See methodology.

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