2022
Exports
$11.9MWorld Rnk 46 / 157
Flag Rnk 46 / 1051
2022
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.61Rnk 312 / 1025
2022
Imports
$9.54MWorld Rnk 84 / 215
Flag Rnk 309 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $11.9M in Unpackaged Medicaments, making it the 46th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 46th most exported product in Panama. The main destination of Unpackaged Medicaments exports from Panama are: Aruba ($5.11M), Bahamas ($4.93M), Costa Rica ($986k), Nicaragua ($395k), and Guyana ($223k).

The fastest growing export markets for Unpackaged Medicaments of Panama between 2021 and 2022 were Bahamas ($4.93M), Aruba ($2.17M), and Costa Rica ($507k).

Imports In 2022, Panama imported $9.54M in Unpackaged Medicaments, becoming the 84th largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 309th most imported product in Panama. Panama imports Unpackaged Medicaments primarily from: China ($2.15M), Austria ($1.7M), Mexico ($850k), Canada ($806k), and Spain ($656k).

The fastest growing import markets in Unpackaged Medicaments for Panama between 2021 and 2022 were China ($605k), Italy ($421k), and Austria ($133k).

Latest Trends

Oct 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 Unpackaged Medicaments. 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)$11.9M
IMPORTS (2022)$9.54M
NET TRADE (2022)$2.33M

In 2022, Panama exported $11.9M in Unpackaged Medicaments. The main destinations of Panama exports on Unpackaged Medicaments were Aruba ($5.11M), Bahamas ($4.93M), Costa Rica ($986k), Nicaragua ($395k), and Guyana ($223k).

In 2022, Panama imported $9.54M in Unpackaged Medicaments, mainly from China ($2.15M), Austria ($1.7M), Mexico ($850k), Canada ($806k), and Spain ($656k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Bahamas$4.93M (1%)
Aruba$2.17M (73.7%)
Costa Rica$507k (106%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Panama WERE (2021 - 2022):
Guyana-$102k (-31.4%)
Honduras-$25.8k (-100%)
Guatemala-$13.1k (-79.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Unpackaged Medicaments were:
In 2022, Panama's main importing competitors in Unpackaged Medicaments were:

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Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $91.1k
TOP IMPORT POTENTIALUnited States+ $602k

Unpackaged Medicaments’s highest export potential is Colombia. With an export gap of $91.1k.   Unpackaged Medicaments’s highest import potential is United States with an import gap of $602k.

See methodology.

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