2023
Exports
$9.53MWorld Rnk 41 / 166
Flag Rnk 59 / 1046
2023
PRODUCT COMPLEXITY IN Textiles for technical uses
1.14Rnk 127 / 1025
2023
Imports
$6.95MWorld Rnk 69 / 220
Flag Rnk 322 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $9.53M in Textiles for technical uses, making it the 41st largest exporter of Textiles for technical uses in the world. At the same year, Textiles for technical uses was the 59th most exported product in Panama. The main destination of Textiles for technical uses exports from Panama are: United States ($6.78M), Germany ($546k), Singapore ($315k), Canada ($259k), and Mexico ($249k).

The fastest growing export markets for Textiles for technical uses of Panama between 2022 and 2023 were Canada ($90.7k), Thailand ($89k), and China ($53.9k).

Imports In 2023, Panama imported $6.95M in Textiles for technical uses, becoming the 69th largest importer of Textiles for technical uses in the world. At the same year, Textiles for technical uses was the 322nd most imported product in Panama. Panama imports Textiles for technical uses primarily from: Singapore ($2.96M), United States ($2.72M), Colombia ($288k), Netherlands ($168k), and Mexico ($137k).

The fastest growing import markets in Textiles for technical uses for Panama between 2022 and 2023 were United States ($2.6M), Italy ($101k), and Mexico ($95.4k).

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 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 (2023)$9.53M
IMPORTS (2023)$6.95M
NET TRADE (2023)$2.58M

In 2023, Panama exported $9.53M in Textiles for technical uses. The main destinations of Panama exports on Textiles for technical uses were United States ($6.78M), Germany ($546k), Singapore ($315k), Canada ($259k), and Mexico ($249k).

In 2023, Panama imported $6.95M in Textiles for technical uses, mainly from Singapore ($2.96M), United States ($2.72M), Colombia ($288k), Netherlands ($168k), and Mexico ($137k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Textiles for technical uses EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Canada$90.7k (53.7%)
Thailand$89k (1%)
China$53.9k (27.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Textiles for technical uses BY Panama WERE (2022 - 2023):
United States-$1.5M (-18.1%)
Vietnam-$322k (-100%)
Guatemala-$73.8k (-64.5%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Textiles for technical uses were:
In 2023, Panama's main importing competitors in Textiles for technical uses were:

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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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