2023
Exports
$1.47MWorld Rnk 58 / 182
Flag Rnk 194 / 1046
2023
PRODUCT COMPLEXITY IN Candles
0.37Rnk 429 / 1025
2023
Imports
$5.18MWorld Rnk 60 / 219
Flag Rnk 366 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $1.47M in Candles, making it the 58th largest exporter of Candles in the world. At the same year, Candles was the 194th most exported product in Panama. The main destination of Candles exports from Panama are: United States ($1.2M), Aruba ($132k), Costa Rica ($64.1k), Chile ($19.1k), and Dominican Republic ($15.2k).

The fastest growing export markets for Candles of Panama between 2022 and 2023 were Costa Rica ($56.6k), Dominican Republic ($13.3k), and Chile ($4.68k).

Imports In 2023, Panama imported $5.18M in Candles, becoming the 60th largest importer of Candles in the world. At the same year, Candles was the 366th most imported product in Panama. Panama imports Candles primarily from: China ($2.58M), United States ($1.87M), Dominican Republic ($125k), Colombia ($112k), and Spain ($98.2k).

The fastest growing import markets in Candles for Panama between 2022 and 2023 were Canada ($51.4k), France ($39.9k), and Ecuador ($24.5k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Candles. 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)$1.47M
IMPORTS (2023)$5.18M
NET TRADE (2023)-$3.71M

In 2023, Panama exported $1.47M in Candles. The main destinations of Panama exports on Candles were United States ($1.2M), Aruba ($132k), Costa Rica ($64.1k), Chile ($19.1k), and Dominican Republic ($15.2k).

In 2023, Panama imported $5.18M in Candles, mainly from China ($2.58M), United States ($1.87M), Dominican Republic ($125k), Colombia ($112k), and Spain ($98.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Candles EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Costa Rica$56.6k (757%)
Dominican Republic$13.3k (716%)
Chile$4.68k (32.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Candles BY Panama WERE (2022 - 2023):
United States-$271k (-18.5%)
Venezuela-$60.2k (-100%)
Peru-$53.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Candles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $611k
TOP IMPORT POTENTIALChina+ $259k

Candles’s highest export potential is United States. With an export gap of $611k.   Candles’s highest import potential is China with an import gap of $259k.

See methodology.

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