India / Panama

Overview In August 2024, India exported $30.6M and imported $8.12M from Panama, resulting in a positive trade balance of $22.4M. Between August 2023 and August 2024 the exports of India have decreased by $-4.11M (-11.8%) from $34.7M to $30.6M, while imports decreased by $-169M (-95.4%) from $177M to $8.12M.

Trade In August 2024, the top exports of India to Panama were Motor Vehicle/Cars ($5.84M), Drug Formulations, Biologicals ($2.28M), Rmg Cotton Incl Accessories ($2.27M), Products Of Iron And Steel ($1.68M), and Rmg Manmade Fibres ($1.57M). In August 2024 the top imports of India from Panama were Bulk Minerals And Ores ($64.4M), Other Wood And Wood Products ($1.88M), Iron And Steel ($1.22M), Alcoholic Beverages ($154k), and Petroleum Products ($59.4k).

Growth In August 2024, the decrease in India's year-by-year exports to Panama was explained primarily by an decrease in product exports in Rmg Cotton Incl Accessories ($-1.95M or -46.1%), Cosmetics And Toiletries ($-632k or -58.5%), and Cotton Fabrics, Madeups Etc. ($-461k or -52.7%). In August 2024, the decrease in India's year-by-year imports  from Panama was explained primarily by an decrease in product imports  in Bulk Minerals And Ores ($-14.4M or -18.3%), Aluminium, Products Of Aluminm ($-100k or -72.5%), and Iron And Steel ($-74.6k or -5.75%).