2023
Exports
$985kWorld Rnk 81 / 151
Flag Rnk 236 / 1046
2023
PRODUCT COMPLEXITY IN Buses
0.24Rnk 481 / 1025
2023
Imports
$23.7MWorld Rnk 102 / 212
Flag Rnk 158 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $985k in Buses, making it the 81st largest exporter of Buses in the world. At the same year, Buses was the 236th most exported product in Panama. The main destination of Buses exports from Panama are: Costa Rica ($488k), Nigeria ($459k), Angola ($26.9k), and Spain ($10.7k).

The fastest growing export markets for Buses of Panama between 2022 and 2023 were Costa Rica ($390k), Angola ($26.9k), and Spain ($10.7k).

Imports In 2023, Panama imported $23.7M in Buses, becoming the 102nd largest importer of Buses in the world. At the same year, Buses was the 158th most imported product in Panama. Panama imports Buses primarily from: Japan ($10.2M), South Korea ($6.9M), Brazil ($3.54M), China ($1.47M), and United States ($661k).

The fastest growing import markets in Buses for Panama between 2022 and 2023 were Japan ($2.7M), Brazil ($2.38M), and South Korea ($359k).

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 Buses. 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)$985k
IMPORTS (2023)$23.7M
NET TRADE (2023)-$22.7M

In 2023, Panama exported $985k in Buses. The main destinations of Panama exports on Buses were Costa Rica ($488k), Nigeria ($459k), Angola ($26.9k), and Spain ($10.7k).

In 2023, Panama imported $23.7M in Buses, mainly from Japan ($10.2M), South Korea ($6.9M), Brazil ($3.54M), China ($1.47M), and United States ($661k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Buses EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Costa Rica$390k (397%)
Angola$26.9k (1%)
Spain$10.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Buses BY Panama WERE (2022 - 2023):
Nigeria-$1.15M (-71.5%)
Cuba-$101k (-100%)
Guyana-$69.3k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Buses were:
China $3.94B
Turkey $2.49B
Japan $2.3B
In 2023, Panama's main importing competitors in Buses were:

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Trade Value of Buses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $43k
TOP IMPORT POTENTIALChina+ $1.4M

Buses’s highest export potential is Costa Rica. With an export gap of $43k.   Buses’s highest import potential is China with an import gap of $1.4M.

See methodology.

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