2023
Exports
$3.87MWorld Rnk 29 / 78
Flag Rnk 105 / 1046
2023
PRODUCT COMPLEXITY IN Scrap Vessels
-1.53Rnk 947 / 1025
2023
Imports
$44kWorld Rnk 39 / 98
Flag Rnk 1012 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $3.87M in Scrap Vessels, making it the 29th largest exporter of Scrap Vessels in the world. At the same year, Scrap Vessels was the 105th most exported product in Panama. The main destination of Scrap Vessels exports from Panama are: Ecuador ($2.88M), Turkey ($988k), Costa Rica ($1.18k), and Guatemala ($252).

The fastest growing export markets for Scrap Vessels of Panama between 2022 and 2023 were Costa Rica ($526) and Guatemala ($252).

Imports In 2023, Panama imported $44k in Scrap Vessels, becoming the 39th largest importer of Scrap Vessels in the world. At the same year, Scrap Vessels was the 1012th most imported product in Panama. Panama imports Scrap Vessels primarily from: Italy ($44k).

The fastest growing import markets in Scrap Vessels for Panama between 2022 and 2023 were Italy ($44k).

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 Scrap Vessels. 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)$3.87M
IMPORTS (2023)$44k
NET TRADE (2023)$3.83M

In 2023, Panama exported $3.87M in Scrap Vessels. The main destinations of Panama exports on Scrap Vessels were Ecuador ($2.88M), Turkey ($988k), Costa Rica ($1.18k), and Guatemala ($252).

In 2023, Panama imported $44k in Scrap Vessels, mainly from Italy ($44k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Scrap Vessels EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Costa Rica$526 (80.8%)
Guatemala$252 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Vessels BY Panama WERE (2022 - 2023):
Thailand-$33M (-100%)
Turkey-$18.5M (-94.9%)
Ecuador-$1.47M (-33.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Scrap Vessels were:
In 2023, Panama's main importing competitors in Scrap Vessels were:

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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.

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