2023
Exports
$4.47MWorld Rnk 29 / 106
Flag Rnk 97 / 1046
2023
PRODUCT COMPLEXITY IN Other Nitrogen Compounds
1.32Rnk 75 / 1025
2023
Imports
$2.22MWorld Rnk 120 / 190
Flag Rnk 510 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $4.47M in Other Nitrogen Compounds, making it the 29th largest exporter of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 97th most exported product in Panama. The main destination of Other Nitrogen Compounds exports from Panama are: Dominican Republic ($1.3M), Ecuador ($1.24M), Paraguay ($890k), Bolivia ($176k), and Costa Rica ($155k).

The fastest growing export markets for Other Nitrogen Compounds of Panama between 2022 and 2023 were Jamaica ($98.1k), Bolivia ($41.3k), and Costa Rica ($28.3k).

Imports In 2023, Panama imported $2.22M in Other Nitrogen Compounds, becoming the 120th largest importer of Other Nitrogen Compounds in the world. At the same year, Other Nitrogen Compounds was the 510th most imported product in Panama. Panama imports Other Nitrogen Compounds primarily from: United States ($1.15M), China ($566k), South Korea ($138k), Colombia ($110k), and Japan ($89.8k).

The fastest growing import markets in Other Nitrogen Compounds for Panama between 2022 and 2023 were Colombia ($109k), Mexico ($79.2k), and Costa Rica ($5.53k).

Latest Trends

Dec 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 Other Nitrogen 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)$4.47M
IMPORTS (2023)$2.22M
NET TRADE (2023)$2.25M

In 2023, Panama exported $4.47M in Other Nitrogen Compounds. The main destinations of Panama exports on Other Nitrogen Compounds were Dominican Republic ($1.3M), Ecuador ($1.24M), Paraguay ($890k), Bolivia ($176k), and Costa Rica ($155k).

In 2023, Panama imported $2.22M in Other Nitrogen Compounds, mainly from United States ($1.15M), China ($566k), South Korea ($138k), Colombia ($110k), and Japan ($89.8k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Nitrogen Compounds EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Jamaica$98.1k (1%)
Bolivia$41.3k (30.7%)
Costa Rica$28.3k (22.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Nitrogen Compounds BY Panama WERE (2022 - 2023):
Dominican Republic-$942k (-42%)
Ecuador-$828k (-40%)
Trinidad and Tobago-$205k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Other Nitrogen Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $220k
TOP IMPORT POTENTIALChina+ $384k

Other Nitrogen Compounds’s highest export potential is United States. With an export gap of $220k.   Other Nitrogen Compounds’s highest import potential is China with an import gap of $384k.

See methodology.

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