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2022
Exports $11.5MWorld Rnk 42 / 166
Flag Rnk 49 / 1051
2022
Destination $1.66M United States
2021 - 2022
FASTEST GROWING MARKET $1.66MUnited States
2022
PRODUCT COMPLEXITY IN Textiles for technical uses1.04Rnk 154 / 1025
2022
Imports $5.06MWorld Rnk 81 / 217
Flag Rnk 406 / 1153
2022
Origin $2.93M Singapore
2021 - 2022
FASTEST GROWING ORIGIN $2.93MSingapore
2022
ECONOMIC COMPLEXITY of Panama0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $11.5M in Textiles for technical uses, making it the 42nd largest exporter of Textiles for technical uses in the world. At the same year, Textiles for technical uses was the 49th most exported product in Panama. The main destination of Textiles for technical uses exports from Panama are: United States ($8.28M), Germany ($596k), Vietnam ($322k), Mexico ($286k), and Singapore ($273k).

The fastest growing export markets for Textiles for technical uses of Panama between 2021 and 2022 were United States ($1.66M), Vietnam ($214k), and Mexico ($162k).

Imports In 2022, Panama imported $5.06M in Textiles for technical uses, becoming the 81st largest importer of Textiles for technical uses in the world. At the same year, Textiles for technical uses was the 406th most imported product in Panama. Panama imports Textiles for technical uses primarily from: Singapore ($2.93M), China ($474k), Colombia ($459k), United States ($244k), and Netherlands ($185k).

The fastest growing import markets in Textiles for technical uses for Panama between 2021 and 2022 were Singapore ($2.93M), Colombia ($310k), and China ($300k).

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 Textiles for technical uses. 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)$11.5M
IMPORTS (2022)$5.06M
NET TRADE (2022)$6.42M

In 2022, Panama exported $11.5M in Textiles for technical uses. The main destinations of Panama exports on Textiles for technical uses were United States ($8.28M), Germany ($596k), Vietnam ($322k), Mexico ($286k), and Singapore ($273k).

In 2022, Panama imported $5.06M in Textiles for technical uses, mainly from Singapore ($2.93M), China ($474k), Colombia ($459k), United States ($244k), and Netherlands ($185k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Textiles for technical uses EXPORT MARKETS FOR Panama WERE (2021 - 2022):
United States$1.66M (25%)
Vietnam$214k (198%)
Mexico$162k (131%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles for technical uses BY Panama WERE (2021 - 2022):
Guatemala-$79.5k (-41%)
Nigeria-$59.9k (-100%)
Canada-$43.4k (-20.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Textiles for technical uses were:
China $999M
Germany $927M
United States $623M
In 2022, Panama's main importing competitors in Textiles for technical uses were:
United States $761M
Germany $478M
China $399M

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Trade Value of Textiles for technical uses by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $638k
TOP IMPORT POTENTIALChina+ $390k

Textiles for technical uses’s highest export potential is United States. With an export gap of $638k.   Textiles for technical uses’s highest import potential is China with an import gap of $390k.

See methodology.

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