2023
Exports
$19.9MWorld Rnk 79 / 175
Flag Rnk 27 / 1046
2023
PRODUCT COMPLEXITY IN Cement
-1.48Rnk 943 / 1025
2023
Imports
$12.3MWorld Rnk 136 / 224
Flag Rnk 228 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $19.9M in Cement, making it the 79th largest exporter of Cement in the world. At the same year, Cement was the 27th most exported product in Panama. The main destination of Cement exports from Panama are: Guyana ($5.56M), Jamaica ($3.63M), United Kingdom ($2.19M), Curaçao ($2.12M), and Bahamas ($1.61M).

The fastest growing export markets for Cement of Panama between 2022 and 2023 were Guyana ($2.2M), United Kingdom ($2.19M), and Curaçao ($1.07M).

Imports In 2023, Panama imported $12.3M in Cement, becoming the 136th largest importer of Cement in the world. At the same year, Cement was the 228th most imported product in Panama. Panama imports Cement primarily from: United States ($5.7M), Turkey ($3.23M), Venezuela ($1.35M), Vietnam ($965k), and Costa Rica ($898k).

The fastest growing import markets in Cement for Panama between 2022 and 2023 were United States ($5.13M), Venezuela ($1.35M), and Vietnam ($965k).

Latest Trends

Dec 2024

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 Cement. 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)$19.9M
IMPORTS (2023)$12.3M
NET TRADE (2023)$7.61M

In 2023, Panama exported $19.9M in Cement. The main destinations of Panama exports on Cement were Guyana ($5.56M), Jamaica ($3.63M), United Kingdom ($2.19M), Curaçao ($2.12M), and Bahamas ($1.61M).

In 2023, Panama imported $12.3M in Cement, mainly from United States ($5.7M), Turkey ($3.23M), Venezuela ($1.35M), Vietnam ($965k), and Costa Rica ($898k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Guyana$2.2M (65.5%)
United Kingdom$2.19M (1%)
Curaçao$1.07M (103%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Panama WERE (2022 - 2023):
Nicaragua-$2.15M (-100%)
Guatemala-$2.09M (-99.6%)
Haiti-$1.51M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Cement were:
Turkey $1.65B
Vietnam $1.58B
Egypt $841M
In 2023, Panama's main importing competitors in Cement were:

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Trade Value of Cement by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $203k
TOP IMPORT POTENTIALUnited States+ $163k

Cement’s highest export potential is Netherlands. With an export gap of $203k.   Cement’s highest import potential is United States with an import gap of $163k.

See methodology.

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