2022
Exports
$179MWorld Rnk 89 / 214
Flag Rnk 5 / 1051
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$11.7BWorld Rnk 25 / 225
Flag Rnk 2 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $179M in Refined Petroleum, making it the 89th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 5th most exported product in Panama. The main destination of Refined Petroleum exports from Panama are: Guatemala ($51.8M), Colombia ($28.2M), Nicaragua ($19.7M), Chile ($18.8M), and Ecuador ($15.3M).

The fastest growing export markets for Refined Petroleum of Panama between 2021 and 2022 were Guatemala ($34.2M), Colombia ($23.4M), and Chile ($8.73M).

Imports In 2022, Panama imported $11.7B in Refined Petroleum, becoming the 25th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Panama. Panama imports Refined Petroleum primarily from: United States ($6.16B), China ($2.65B), Ecuador ($877M), Brazil ($467M), and Peru ($446M).

The fastest growing import markets in Refined Petroleum for Panama between 2021 and 2022 were United States ($3.22B), China ($1.11B), and Ecuador ($229M).

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 Refined Petroleum. 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)$179M
IMPORTS (2022)$11.7B
NET TRADE (2022)-$11.5B

In 2022, Panama exported $179M in Refined Petroleum. The main destinations of Panama exports on Refined Petroleum were Guatemala ($51.8M), Colombia ($28.2M), Nicaragua ($19.7M), Chile ($18.8M), and Ecuador ($15.3M).

In 2022, Panama imported $11.7B in Refined Petroleum, mainly from United States ($6.16B), China ($2.65B), Ecuador ($877M), Brazil ($467M), and Peru ($446M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Guatemala$34.2M (193%)
Colombia$23.4M (489%)
Chile$8.73M (87%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Panama WERE (2021 - 2022):
El Salvador-$52.9M (-87.5%)
Bolivia-$38.2M (-97%)
Honduras-$18.8M (-99.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Panama's main exporting competitors in Refined Petroleum were:
In 2022, Panama's main importing competitors in Refined Petroleum were:

Explore Visualizations

Trade Value of Refined Petroleum 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