2023
Exports
$441MWorld Rnk 12 / 102
Flag Rnk 2 / 1046
2023
PRODUCT COMPLEXITY IN Special Purpose Ships
-1.33Rnk 907 / 1025
2023
Imports
$6.25MWorld Rnk 70 / 174
Flag Rnk 340 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $441M in Special Purpose Ships, making it the 12th largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 2nd most exported product in Panama. The main destination of Special Purpose Ships exports from Panama are: Thailand ($286M), Gabon ($121M), and Cote d'Ivoire ($34.8M).

The fastest growing export markets for Special Purpose Ships of Panama between 2022 and 2023 were Gabon ($121M), Thailand ($91M), and Cote d'Ivoire ($34.8M).

Imports In 2023, Panama imported $6.25M in Special Purpose Ships, becoming the 70th largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 340th most imported product in Panama. Panama imports Special Purpose Ships primarily from: Turkey ($3.95M), Poland ($1.29M), Japan ($666k), United States ($210k), and Italy ($79.4k).

The fastest growing import markets in Special Purpose Ships for Panama between 2022 and 2023 were Turkey ($3.95M), Poland ($1.29M), and Japan ($666k).

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 Special Purpose Ships. 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)$441M
IMPORTS (2023)$6.25M
NET TRADE (2023)$435M

In 2023, Panama exported $441M in Special Purpose Ships. The main destinations of Panama exports on Special Purpose Ships were Thailand ($286M), Gabon ($121M), and Cote d'Ivoire ($34.8M).

In 2023, Panama imported $6.25M in Special Purpose Ships, mainly from Turkey ($3.95M), Poland ($1.29M), Japan ($666k), United States ($210k), and Italy ($79.4k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Gabon$121M (672k%)
Thailand$91M (46.7%)
Cote d'Ivoire$34.8M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY Panama WERE (2022 - 2023):Saudi Arabia-$2.1M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Special Purpose Ships were:
In 2023, Panama's main importing competitors in Special Purpose Ships were:

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5k
TOP IMPORT POTENTIALChina+ $5.93M

Special Purpose Ships’s highest export potential is India. With an export gap of $5k.   Special Purpose Ships’s highest import potential is China with an import gap of $5.93M.

See methodology.

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