2023
Exports
$291kWorld Rnk 86 / 175
Flag Rnk 381 / 1046
2023
PRODUCT COMPLEXITY IN Bandages
0.86Rnk 224 / 1025
2023
Imports
$15.6MWorld Rnk 58 / 221
Flag Rnk 207 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $291k in Bandages, making it the 86th largest exporter of Bandages in the world. At the same year, Bandages was the 381st most exported product in Panama. The main destination of Bandages exports from Panama are: Costa Rica ($155k), Chile ($64.8k), Barbados ($32.5k), Dominican Republic ($12.9k), and Bahamas ($8.03k).

The fastest growing export markets for Bandages of Panama between 2022 and 2023 were Costa Rica ($43.3k), Bahamas ($8.03k), and Barbados ($7.36k).

Imports In 2023, Panama imported $15.6M in Bandages, becoming the 58th largest importer of Bandages in the world. At the same year, Bandages was the 207th most imported product in Panama. Panama imports Bandages primarily from: United States ($4.54M), China ($4.34M), Peru ($1.51M), Colombia ($923k), and Germany ($678k).

The fastest growing import markets in Bandages for Panama between 2022 and 2023 were United States ($2.17M), Peru ($691k), and China ($590k).

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 Bandages. 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)$291k
IMPORTS (2023)$15.6M
NET TRADE (2023)-$15.3M

In 2023, Panama exported $291k in Bandages. The main destinations of Panama exports on Bandages were Costa Rica ($155k), Chile ($64.8k), Barbados ($32.5k), Dominican Republic ($12.9k), and Bahamas ($8.03k).

In 2023, Panama imported $15.6M in Bandages, mainly from United States ($4.54M), China ($4.34M), Peru ($1.51M), Colombia ($923k), and Germany ($678k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Costa Rica$43.3k (38.8%)
Bahamas$8.03k (1%)
Barbados$7.36k (29.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Panama WERE (2022 - 2023):
Jamaica-$68k (-92.9%)
Chile-$40k (-38.2%)
Guatemala-$30.6k (-87.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Bandages were:
In 2023, Panama's main importing competitors in Bandages were:

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChile+ $10.4k
TOP IMPORT POTENTIALChina+ $1.18M

Bandages’s highest export potential is Chile. With an export gap of $10.4k.   Bandages’s highest import potential is China with an import gap of $1.18M.

See methodology.

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