2023
Exports
$545kWorld Rnk 47 / 128
Flag Rnk 302 / 1046
2023
PRODUCT COMPLEXITY IN Cocoa Butter
-1.34Rnk 911 / 1025
2023
Imports
$7.83kWorld Rnk 135 / 179
Flag Rnk 1084 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $545k in Cocoa Butter, making it the 47th largest exporter of Cocoa Butter in the world. At the same year, Cocoa Butter was the 302nd most exported product in Panama. The main destination of Cocoa Butter exports from Panama are: Netherlands ($274k), Poland ($95k), Switzerland ($75.2k), Spain ($57.5k), and Uruguay ($26.2k).

The fastest growing export markets for Cocoa Butter of Panama between 2022 and 2023 were Netherlands ($274k), Poland ($95k), and Switzerland ($75.1k).

Imports In 2023, Panama imported $7.83k in Cocoa Butter, becoming the 135th largest importer of Cocoa Butter in the world. At the same year, Cocoa Butter was the 1084th most imported product in Panama. Panama imports Cocoa Butter primarily from: Belgium ($6.78k), Ecuador ($1.01k), and Brazil ($46).

The fastest growing import markets in Cocoa Butter for Panama between 2022 and 2023 were Belgium ($296) and Brazil ($39).

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 Cocoa Butter. 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)$545k
IMPORTS (2023)$7.83k
NET TRADE (2023)$537k

In 2023, Panama exported $545k in Cocoa Butter. The main destinations of Panama exports on Cocoa Butter were Netherlands ($274k), Poland ($95k), Switzerland ($75.2k), Spain ($57.5k), and Uruguay ($26.2k).

In 2023, Panama imported $7.83k in Cocoa Butter, mainly from Belgium ($6.78k), Ecuador ($1.01k), and Brazil ($46).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Butter EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Netherlands$274k (1%)
Poland$95k (1%)
Switzerland$75.1k (114k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Butter BY Panama WERE (2022 - 2023):
United States-$137k (-89.1%)
Guatemala-$73 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Cocoa Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $102k
TOP IMPORT POTENTIALColombia+ $11.8k

Cocoa Butter’s highest export potential is United States. With an export gap of $102k.   Cocoa Butter’s highest import potential is Colombia with an import gap of $11.8k.

See methodology.

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