2022
Exports
$22.5MWorld Rnk 77 / 170
Flag Rnk 24 / 1051
2022
PRODUCT COMPLEXITY IN Cement
-1.46Rnk 943 / 1025
2022
Imports
$6.84MWorld Rnk 145 / 224
Flag Rnk 357 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $22.5M in Cement, making it the 77th largest exporter of Cement in the world. At the same year, Cement was the 24th most exported product in Panama. The main destination of Cement exports from Panama are: Bahamas ($5.53M), Guyana ($3.36M), Jamaica ($3.28M), Nicaragua ($2.16M), and Guatemala ($2.1M).

The fastest growing export markets for Cement of Panama between 2021 and 2022 were Bahamas ($5.22M), Guatemala ($2.1M), and Haiti ($1.51M).

Imports In 2022, Panama imported $6.84M in Cement, becoming the 145th largest importer of Cement in the world. At the same year, Cement was the 357th most imported product in Panama. Panama imports Cement primarily from: Turkey ($3.01M), Algeria ($2.85M), United States ($565k), Costa Rica ($267k), and Portugal ($128k).

The fastest growing import markets in Cement for Panama between 2021 and 2022 were Algeria ($2.85M), Costa Rica ($28.5k), and Spain ($11.8k).

Latest Trends

Sep 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 (2022)$22.5M
IMPORTS (2022)$6.84M
NET TRADE (2022)$15.6M

In 2022, Panama exported $22.5M in Cement. The main destinations of Panama exports on Cement were Bahamas ($5.53M), Guyana ($3.36M), Jamaica ($3.28M), Nicaragua ($2.16M), and Guatemala ($2.1M).

In 2022, Panama imported $6.84M in Cement, mainly from Turkey ($3.01M), Algeria ($2.85M), United States ($565k), Costa Rica ($267k), and Portugal ($128k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cement EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Bahamas$5.22M (1.66k%)
Guatemala$2.1M (170k%)
Haiti$1.51M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cement BY Panama WERE (2021 - 2022):
Chile-$3.02M (-100%)
Nicaragua-$1.32M (-38%)
Jamaica-$1.15M (-25.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Cement were:
In 2022, 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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