2023
Exports
$9.8MWorld Rnk 28 / 105
Flag Rnk 55 / 1046
2023
PRODUCT COMPLEXITY IN Prepared Explosives
-0.95Rnk 814 / 1025
2023
Imports
$2.32MWorld Rnk 95 / 170
Flag Rnk 500 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $9.8M in Prepared Explosives, making it the 28th largest exporter of Prepared Explosives in the world. At the same year, Prepared Explosives was the 55th most exported product in Panama. The main destination of Prepared Explosives exports from Panama are: Guyana ($9.76M) and Paraguay ($41.7k).

The fastest growing export markets for Prepared Explosives of Panama between 2022 and 2023 were Guyana ($2.55M) and Paraguay ($41.7k).

Imports In 2023, Panama imported $2.32M in Prepared Explosives, becoming the 95th largest importer of Prepared Explosives in the world. At the same year, Prepared Explosives was the 500th most imported product in Panama. Panama imports Prepared Explosives primarily from: Costa Rica ($1.13M), Brazil ($1.06M), Chile ($122k), and United States ($2.96k).

The fastest growing import markets in Prepared Explosives for Panama between 2022 and 2023 were Brazil ($698k), Chile ($122k), and Costa Rica ($38k).

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 Prepared Explosives. 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)$9.8M
IMPORTS (2023)$2.32M
NET TRADE (2023)$7.48M

In 2023, Panama exported $9.8M in Prepared Explosives. The main destinations of Panama exports on Prepared Explosives were Guyana ($9.76M) and Paraguay ($41.7k).

In 2023, Panama imported $2.32M in Prepared Explosives, mainly from Costa Rica ($1.13M), Brazil ($1.06M), Chile ($122k), and United States ($2.96k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Prepared Explosives EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Guyana$2.55M (35.4%)
Paraguay$41.7k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Prepared Explosives by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $386
TOP IMPORT POTENTIALMexico+ $41.6k

Prepared Explosives’s highest export potential is United States. With an export gap of $386.   Prepared Explosives’s highest import potential is Mexico with an import gap of $41.6k.

See methodology.

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