2023
Exports
$2.08MWorld Rnk 89 / 183
Flag Rnk 165 / 1046
2023
PRODUCT COMPLEXITY IN Processed Crustaceans
-1.65Rnk 967 / 1025
2023
Imports
$5.73MWorld Rnk 71 / 220
Flag Rnk 352 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $2.08M in Processed Crustaceans, making it the 89th largest exporter of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 165th most exported product in Panama. The main destination of Processed Crustaceans exports from Panama are: United States ($1.84M), China ($128k), Aruba ($47.5k), El Salvador ($34.9k), and Costa Rica ($16.5k).

The fastest growing export markets for Processed Crustaceans of Panama between 2022 and 2023 were United States ($1.78M), China ($128k), and Aruba ($47.5k).

Imports In 2023, Panama imported $5.73M in Processed Crustaceans, becoming the 71st largest importer of Processed Crustaceans in the world. At the same year, Processed Crustaceans was the 352nd most imported product in Panama. Panama imports Processed Crustaceans primarily from: China ($1.84M), Spain ($1.39M), United States ($472k), Chile ($374k), and Nicaragua ($369k).

The fastest growing import markets in Processed Crustaceans for Panama between 2022 and 2023 were Spain ($601k), China ($407k), and Morocco ($158k).

Latest Trends

Jan 2025

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 Processed Crustaceans. 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 (2023)$2.08M
IMPORTS (2023)$5.73M
NET TRADE (2023)-$3.66M

In 2023, Panama exported $2.08M in Processed Crustaceans. The main destinations of Panama exports on Processed Crustaceans were United States ($1.84M), China ($128k), Aruba ($47.5k), El Salvador ($34.9k), and Costa Rica ($16.5k).

In 2023, Panama imported $5.73M in Processed Crustaceans, mainly from China ($1.84M), Spain ($1.39M), United States ($472k), Chile ($374k), and Nicaragua ($369k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Crustaceans EXPORT MARKETS FOR Panama WERE (2022 - 2023):
United States$1.78M (3.37k%)
China$128k (1%)
Aruba$47.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Crustaceans BY Panama WERE (2022 - 2023):
Hong Kong-$79.8k (-100%)
Czechia-$11.9k (-100%)
Antigua and Barbuda-$3.85k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Panama's main exporting competitors in Processed Crustaceans were:
China $2.35B
Vietnam $1.54B
In 2023, Panama's main importing competitors in Processed Crustaceans were:

Explore Visualizations

Trade Value of Processed Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $1.55k
TOP IMPORT POTENTIALChina+ $415k

Processed Crustaceans’s highest export potential is United States. With an export gap of $1.55k.   Processed Crustaceans’s highest import potential is China with an import gap of $415k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with