2022
Exports
$46.6MWorld Rnk 11 / 84
Flag Rnk 16 / 1051
2022
PRODUCT COMPLEXITY IN Scrap Vessels
-1.24Rnk 890 / 1025
2022
Imports
$2.74kWorld Rnk 79 / 100
Flag Rnk 1109 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $46.6M in Scrap Vessels, making it the 11th largest exporter of Scrap Vessels in the world. At the same year, Scrap Vessels was the 16th most exported product in Panama. The main destination of Scrap Vessels exports from Panama are: Thailand ($26.3M), Turkey ($16.5M), Ecuador ($3.79M), South Korea ($33.3k), and Costa Rica ($577).

The fastest growing export markets for Scrap Vessels of Panama between 2021 and 2022 were Thailand ($26.3M), Turkey ($9.52M), and Ecuador ($2.89M).

Imports In 2022, Panama imported $2.74k in Scrap Vessels, becoming the 79th largest importer of Scrap Vessels in the world. At the same year, Scrap Vessels was the 1109th most imported product in Panama. Panama imports Scrap Vessels primarily from: Lithuania ($2.49k) and Costa Rica ($250).

The fastest growing import markets in Scrap Vessels for Panama between 2021 and 2022 were Lithuania ($2.49k) and Costa Rica ($250).

Latest Trends

Oct 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 Scrap Vessels. 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)$46.6M
IMPORTS (2022)$2.74k
NET TRADE (2022)$46.6M

In 2022, Panama exported $46.6M in Scrap Vessels. The main destinations of Panama exports on Scrap Vessels were Thailand ($26.3M), Turkey ($16.5M), Ecuador ($3.79M), South Korea ($33.3k), and Costa Rica ($577).

In 2022, Panama imported $2.74k in Scrap Vessels, mainly from Lithuania ($2.49k) and Costa Rica ($250).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Vessels EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Thailand$26.3M (1%)
Turkey$9.52M (137%)
Ecuador$2.89M (321%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Vessels BY Panama WERE (2021 - 2022):
France-$633k (-100%)
Japan-$445k (-100%)
Indonesia-$242k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

Explore Visualizations

Trade Value of Scrap Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSouth Korea+ $32.2k
TOP IMPORT POTENTIALJapan+ $483

Scrap Vessels’s highest export potential is South Korea. With an export gap of $32.2k.   Scrap Vessels’s highest import potential is Japan with an import gap of $483.

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