2022
Exports
$26.3kWorld Rnk 114 / 146
Flag Rnk 702 / 1051
2022
PRODUCT COMPLEXITY IN Processed Tobacco
-0.82Rnk 782 / 1025
2022
Imports
$4.39MWorld Rnk 113 / 212
Flag Rnk 432 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $26.3k in Processed Tobacco, making it the 114th largest exporter of Processed Tobacco in the world. At the same year, Processed Tobacco was the 702nd most exported product in Panama. The main destination of Processed Tobacco exports from Panama are: Brazil ($12.4k), India ($6.38k), Australia ($4.93k), Peru ($2.43k), and Guatemala ($56).

The fastest growing export markets for Processed Tobacco of Panama between 2021 and 2022 were Brazil ($12.4k), India ($6.38k), and Australia ($4.93k).

Imports In 2022, Panama imported $4.39M in Processed Tobacco, becoming the 113th largest importer of Processed Tobacco in the world. At the same year, Processed Tobacco was the 432nd most imported product in Panama. Panama imports Processed Tobacco primarily from: Dominican Republic ($2.85M), United States ($785k), United Arab Emirates ($411k), Turkey ($125k), and Netherlands ($116k).

The fastest growing import markets in Processed Tobacco for Panama between 2021 and 2022 were Dominican Republic ($735k), United States ($526k), and United Arab Emirates ($256k).

Latest Trends

Sep 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 Processed Tobacco. 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)$26.3k
IMPORTS (2022)$4.39M
NET TRADE (2022)-$4.36M

In 2022, Panama exported $26.3k in Processed Tobacco. The main destinations of Panama exports on Processed Tobacco were Brazil ($12.4k), India ($6.38k), Australia ($4.93k), Peru ($2.43k), and Guatemala ($56).

In 2022, Panama imported $4.39M in Processed Tobacco, mainly from Dominican Republic ($2.85M), United States ($785k), United Arab Emirates ($411k), Turkey ($125k), and Netherlands ($116k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Processed Tobacco EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Brazil$12.4k (1%)
India$6.38k (1%)
Australia$4.93k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Tobacco BY Panama WERE (2021 - 2022):
United Arab Emirates-$32.9k (-100%)
Chile-$2.58k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Processed Tobacco were:
In 2022, Panama's main importing competitors in Processed Tobacco were:
Japan $1.75B

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Trade Value of Processed Tobacco by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.19k
N/AN/AN/A

Processed Tobacco’s highest export potential is India. With an export gap of $6.19k.   Processed Tobacco’s highest import potential is N/A with an import gap of N/A.

See methodology.

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