2023
Exports
$4.19MWorld Rnk 62 / 153
Flag Rnk 100 / 1046
2023
PRODUCT COMPLEXITY IN Nitrogen Heterocyclic Compounds
1.11Rnk 141 / 1025
2023
Imports
$2.45BWorld Rnk 14 / 208
Flag Rnk 4 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $4.19M in Nitrogen Heterocyclic Compounds, making it the 62nd largest exporter of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 100th most exported product in Panama. The main destination of Nitrogen Heterocyclic Compounds exports from Panama are: United States ($4.13M), Costa Rica ($25.3k), Dominican Republic ($23.6k), Gambia ($8.49k), and Guatemala ($296).

The fastest growing export markets for Nitrogen Heterocyclic Compounds of Panama between 2022 and 2023 were United States ($4.02M), Dominican Republic ($23.6k), and Gambia ($8.49k).

Imports In 2023, Panama imported $2.45B in Nitrogen Heterocyclic Compounds, becoming the 14th largest importer of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 4th most imported product in Panama. Panama imports Nitrogen Heterocyclic Compounds primarily from: Spain ($1.99B), Belgium ($423M), United States ($26.1M), Canada ($7.91M), and China ($1.18M).

The fastest growing import markets in Nitrogen Heterocyclic Compounds for Panama between 2022 and 2023 were Spain ($1.82B), Belgium ($423M), and United States ($25.4M).

Latest Trends

Jan 2025

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 Nitrogen Heterocyclic Compounds. 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)$4.19M
IMPORTS (2023)$2.45B
NET TRADE (2023)-$2.44B

In 2023, Panama exported $4.19M in Nitrogen Heterocyclic Compounds. The main destinations of Panama exports on Nitrogen Heterocyclic Compounds were United States ($4.13M), Costa Rica ($25.3k), Dominican Republic ($23.6k), Gambia ($8.49k), and Guatemala ($296).

In 2023, Panama imported $2.45B in Nitrogen Heterocyclic Compounds, mainly from Spain ($1.99B), Belgium ($423M), United States ($26.1M), Canada ($7.91M), and China ($1.18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitrogen Heterocyclic Compounds EXPORT MARKETS FOR Panama WERE (2022 - 2023):
United States$4.02M (3.79k%)
Gambia$8.49k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogen Heterocyclic Compounds BY Panama WERE (2022 - 2023):
Guatemala-$28.8k (-99%)
Ecuador-$3.53k (-100%)
Nicaragua-$5 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Nitrogen Heterocyclic Compounds were:
In 2023, Panama's main importing competitors in Nitrogen Heterocyclic Compounds were:

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Trade Value of Nitrogen Heterocyclic Compounds by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $199k
TOP IMPORT POTENTIALChina+ $5.26M

Nitrogen Heterocyclic Compounds’s highest export potential is United States. With an export gap of $199k.   Nitrogen Heterocyclic Compounds’s highest import potential is China with an import gap of $5.26M.

See methodology.

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