2022
Exports
$41.8kWorld Rnk 125 / 186
Flag Rnk 650 / 1051
2022
PRODUCT COMPLEXITY IN Wood Crates
0.3Rnk 451 / 1025
2022
Imports
$4.67MWorld Rnk 63 / 216
Flag Rnk 423 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $41.8k in Wood Crates, making it the 125th largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 650th most exported product in Panama. The main destination of Wood Crates exports from Panama are: United States ($18.8k), Chile ($6.77k), Norway ($6.17k), France ($5.46k), and Guatemala ($4.22k).

The fastest growing export markets for Wood Crates of Panama between 2021 and 2022 were United States ($18.8k), France ($5.46k), and Norway ($4.78k).

Imports In 2022, Panama imported $4.67M in Wood Crates, becoming the 63rd largest importer of Wood Crates in the world. At the same year, Wood Crates was the 423rd most imported product in Panama. Panama imports Wood Crates primarily from: Costa Rica ($4.21M), Brazil ($160k), Portugal ($70.9k), Germany ($37k), and Switzerland ($36.5k).

The fastest growing import markets in Wood Crates for Panama between 2021 and 2022 were Brazil ($126k), Portugal ($68.3k), and Switzerland ($36.5k).

COMPANIES In 2023, leading companies such as AGCO (3) were at the forefront of shipping Wood Crates from Panama to the United States.

Latest Trends

Nov 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 Wood Crates. 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)$41.8k
IMPORTS (2022)$4.67M
NET TRADE (2022)-$4.63M

In 2022, Panama exported $41.8k in Wood Crates. The main destinations of Panama exports on Wood Crates were United States ($18.8k), Chile ($6.77k), Norway ($6.17k), France ($5.46k), and Guatemala ($4.22k).

In 2022, Panama imported $4.67M in Wood Crates, mainly from Costa Rica ($4.21M), Brazil ($160k), Portugal ($70.9k), Germany ($37k), and Switzerland ($36.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR Panama WERE (2021 - 2022):
United States$18.8k (1%)
France$5.46k (1%)
Norway$4.78k (345%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY Panama WERE (2021 - 2022):
Dominican Republic-$171k (-100%)
Spain-$7.03k (-100%)
Costa Rica-$4.74k (-95.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Wood Crates were:
In 2022, Panama's main importing competitors in Wood Crates were:

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Trade Value of Wood Crates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.1k
TOP IMPORT POTENTIALBrazil+ $97.9k

Wood Crates’s highest export potential is United States. With an export gap of $27.1k.   Wood Crates’s highest import potential is Brazil with an import gap of $97.9k.

See methodology.

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