2023
Exports
$621kWorld Rnk 33 / 148
Flag Rnk 288 / 1046
2023
PRODUCT COMPLEXITY IN Pianos
0.88Rnk 217 / 1025
2023
Imports
$899kWorld Rnk 58 / 193
Flag Rnk 660 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $621k in Pianos, making it the 33rd largest exporter of Pianos in the world. At the same year, Pianos was the 288th most exported product in Panama. The main destination of Pianos exports from Panama are: Chile ($566k), Uruguay ($26k), Guatemala ($14.7k), France ($9.03k), and Italy ($4.33k).

The fastest growing export markets for Pianos of Panama between 2022 and 2023 were Uruguay ($26k), Italy ($4.33k), and Guatemala ($3.9k).

Imports In 2023, Panama imported $899k in Pianos, becoming the 58th largest importer of Pianos in the world. At the same year, Pianos was the 660th most imported product in Panama. Panama imports Pianos primarily from: Malaysia ($652k), Japan ($116k), United States ($68.8k), China ($34.8k), and Jamaica ($10.1k).

The fastest growing import markets in Pianos for Panama between 2022 and 2023 were Jamaica ($10.1k), South Korea ($9.4k), and Malaysia ($7.7k).

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 Pianos. 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)$621k
IMPORTS (2023)$899k
NET TRADE (2023)-$279k

In 2023, Panama exported $621k in Pianos. The main destinations of Panama exports on Pianos were Chile ($566k), Uruguay ($26k), Guatemala ($14.7k), France ($9.03k), and Italy ($4.33k).

In 2023, Panama imported $899k in Pianos, mainly from Malaysia ($652k), Japan ($116k), United States ($68.8k), China ($34.8k), and Jamaica ($10.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pianos EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Uruguay$26k (1%)
Italy$4.33k (1%)
Guatemala$3.9k (36.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pianos BY Panama WERE (2022 - 2023):
Chile-$173k (-23.4%)
France-$9.54k (-51.4%)
Jamaica-$2.33k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Pianos were:
In 2023, Panama's main importing competitors in Pianos were:

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Trade Value of Pianos by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $17.1k
TOP IMPORT POTENTIALJapan+ $47.7k

Pianos’s highest export potential is France. With an export gap of $17.1k.   Pianos’s highest import potential is Japan with an import gap of $47.7k.

See methodology.

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