2020
Exports
$1.9kWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2020
Imports
$66kWorld Rnk 61 / 148
Flag Rnk 988 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Imports In 2023, Panama imported $66k in Animal Extracts, becoming the 61st largest importer of Animal Extracts in the world. At the same year, Animal Extracts was the 988th most imported product in Panama. Panama imports Animal Extracts primarily from: United States ($45.8k), Spain ($19.8k), Italy ($308), and Brazil ($110).

The fastest growing import markets in Animal Extracts for Panama between 2022 and 2023 were Spain ($9.58k), Italy ($308), and Brazil ($110).

Latest Trends

Jan 2025

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 Animal Extracts. 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 (2020)$1.9k
IMPORTS (2023)$66k
NET TRADE (2023)-$66k

In 2023, Panama imported $66k in Animal Extracts, mainly from United States ($45.8k), Spain ($19.8k), Italy ($308), and Brazil ($110).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Animal Extracts were:
China $21.8M
Italy $20.7M
In 2023, Panama's main importing competitors in Animal Extracts were:

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Trade Value of Animal Extracts by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $298
TOP IMPORT POTENTIALSpain+ $2.35k

Animal Extracts’s highest export potential is United States. With an export gap of $298.   Animal Extracts’s highest import potential is Spain with an import gap of $2.35k.

See methodology.

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