2022
Exports
$691MWorld Rnk 16 / 137
Flag Rnk 2 / 1051
2022
PRODUCT COMPLEXITY IN Passenger and Cargo Ships
-0.47Rnk 691 / 1025
2022
Imports
$5.4BWorld Rnk 5 / 185
Flag Rnk 3 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $691M in Passenger and Cargo Ships, making it the 16th largest exporter of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 2nd most exported product in Panama. The main destination of Passenger and Cargo Ships exports from Panama are: South Korea ($218M), Denmark ($131M), Japan ($131M), Germany ($69.6M), and Poland ($56.2M).

The fastest growing export markets for Passenger and Cargo Ships of Panama between 2021 and 2022 were South Korea ($159M), Denmark ($122M), and Italy ($47M).

Imports In 2022, Panama imported $5.4B in Passenger and Cargo Ships, becoming the 5th largest importer of Passenger and Cargo Ships in the world. At the same year, Passenger and Cargo Ships was the 3rd most imported product in Panama. Panama imports Passenger and Cargo Ships primarily from: Japan ($2.78B), China ($1.75B), South Korea ($522M), Denmark ($161M), and Vietnam ($63.5M).

The fastest growing import markets in Passenger and Cargo Ships for Panama between 2021 and 2022 were China ($719M), Denmark ($149M), and Angola ($9.34M).

Latest Trends

Apr 2024

Subnational Monthly Trade

View
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 Passenger and Cargo Ships. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2022)$691M
IMPORTS (2022)$5.4B
NET TRADE (2022)-$4.71B

In 2022, Panama exported $691M in Passenger and Cargo Ships. The main destinations of Panama exports on Passenger and Cargo Ships were South Korea ($218M), Denmark ($131M), Japan ($131M), Germany ($69.6M), and Poland ($56.2M).

In 2022, Panama imported $5.4B in Passenger and Cargo Ships, mainly from Japan ($2.78B), China ($1.75B), South Korea ($522M), Denmark ($161M), and Vietnam ($63.5M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Passenger and Cargo Ships EXPORT MARKETS FOR Panama WERE (2021 - 2022):
South Korea$159M (270%)
Denmark$122M (1.33k%)
Italy$47M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Passenger and Cargo Ships BY Panama WERE (2021 - 2022):
Japan-$98M (-42.8%)
Israel-$72.2M (-100%)
Indonesia-$71.7M (-95.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Panama's main exporting competitors in Passenger and Cargo Ships were:
In 2022, Panama's main importing competitors in Passenger and Cargo Ships were:

Explore Visualizations

Trade Value of Passenger and Cargo Ships by Exporters

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with