2022
Exports
$4.38kWorld Rnk 92 / 119
Flag Rnk 853 / 1051
2022
PRODUCT COMPLEXITY IN Textile Fiber Machinery
1.53Rnk 47 / 1025
2022
Imports
$142kWorld Rnk 120 / 178
Flag Rnk 919 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $4.38k in Textile Fiber Machinery, making it the 92nd largest exporter of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 853rd most exported product in Panama. The main destination of Textile Fiber Machinery exports from Panama are: Guatemala ($2.03k), Barbados ($713), Sweden ($591), Aruba ($542), and Norway ($506).

The fastest growing export markets for Textile Fiber Machinery of Panama between 2021 and 2022 were Guatemala ($1.45k), Barbados ($713), and Sweden ($591).

Imports In 2022, Panama imported $142k in Textile Fiber Machinery, becoming the 120th largest importer of Textile Fiber Machinery in the world. At the same year, Textile Fiber Machinery was the 919th most imported product in Panama. Panama imports Textile Fiber Machinery primarily from: China ($55k), Brazil ($44k), United States ($42.6k), Peru ($874), and Ecuador ($16).

The fastest growing import markets in Textile Fiber Machinery for Panama between 2021 and 2022 were Brazil ($44k), China ($42.3k), and Ecuador ($16).

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 Textile Fiber Machinery. 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)$4.38k
IMPORTS (2022)$142k
NET TRADE (2022)-$138k

In 2022, Panama exported $4.38k in Textile Fiber Machinery. The main destinations of Panama exports on Textile Fiber Machinery were Guatemala ($2.03k), Barbados ($713), Sweden ($591), Aruba ($542), and Norway ($506).

In 2022, Panama imported $142k in Textile Fiber Machinery, mainly from China ($55k), Brazil ($44k), United States ($42.6k), Peru ($874), and Ecuador ($16).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textile Fiber Machinery EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Guatemala$1.45k (250%)
Barbados$713 (1%)
Sweden$591 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textile Fiber Machinery BY Panama WERE (2021 - 2022):
Trinidad and Tobago-$421 (-100%)
Aruba-$171 (-24%)
Nicaragua-$11 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Textile Fiber Machinery were:
China $1.08B
Japan $807M
In 2022, Panama's main importing competitors in Textile Fiber Machinery were:
China $687M
India $547M

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Trade Value of Textile Fiber Machinery by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGuatemala+ $1.03k
TOP IMPORT POTENTIALChina+ $50.6k

Textile Fiber Machinery’s highest export potential is Guatemala. With an export gap of $1.03k.   Textile Fiber Machinery’s highest import potential is China with an import gap of $50.6k.

See methodology.

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