2022
Exports
$161MWorld Rnk 63 / 217
Flag Rnk 6 / 1051
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$819MWorld Rnk 59 / 224
Flag Rnk 4 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $161M in Packaged Medicaments, making it the 63rd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 6th most exported product in Panama. The main destination of Packaged Medicaments exports from Panama are: Dominican Republic ($31.9M), Costa Rica ($23M), Jamaica ($21.3M), Barbados ($20.3M), and Peru ($14.7M).

The fastest growing export markets for Packaged Medicaments of Panama between 2021 and 2022 were Dominican Republic ($31.7M), Bahamas ($10.6M), and Barbados ($9.18M).

Imports In 2022, Panama imported $819M in Packaged Medicaments, becoming the 59th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Panama. Panama imports Packaged Medicaments primarily from: Germany ($101M), Mexico ($100M), United States ($84.4M), Belgium ($70.9M), and France ($45.9M).

The fastest growing import markets in Packaged Medicaments for Panama between 2021 and 2022 were Belgium ($47.1M), Germany ($8.74M), and Singapore ($6.69M).

Latest Trends

Apr 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 Packaged Medicaments. 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)$161M
IMPORTS (2022)$819M
NET TRADE (2022)-$658M

In 2022, Panama exported $161M in Packaged Medicaments. The main destinations of Panama exports on Packaged Medicaments were Dominican Republic ($31.9M), Costa Rica ($23M), Jamaica ($21.3M), Barbados ($20.3M), and Peru ($14.7M).

In 2022, Panama imported $819M in Packaged Medicaments, mainly from Germany ($101M), Mexico ($100M), United States ($84.4M), Belgium ($70.9M), and France ($45.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Dominican Republic$31.7M (13.2k%)
Bahamas$10.6M (1%)
Barbados$9.18M (82.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Panama WERE (2021 - 2022):
Guatemala-$160M (-92.6%)
Honduras-$5.48M (-96.4%)
Aruba-$2.87M (-37.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Packaged Medicaments by Exporters

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