2023
Exports
$340kWorld Rnk 46 / 107
Flag Rnk 364 / 1046
2023
PRODUCT COMPLEXITY IN Cocoa Paste
-0.83Rnk 788 / 1025
2023
Imports
$385kWorld Rnk 86 / 167
Flag Rnk 808 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $340k in Cocoa Paste, making it the 46th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 364th most exported product in Panama. The main destination of Cocoa Paste exports from Panama are: Poland ($171k), Uruguay ($135k), Spain ($18.2k), Netherlands ($15.6k), and Guatemala ($178).

The fastest growing export markets for Cocoa Paste of Panama between 2022 and 2023 were Poland ($171k), Uruguay ($114k), and Netherlands ($15.6k).

Imports In 2023, Panama imported $385k in Cocoa Paste, becoming the 86th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 808th most imported product in Panama. Panama imports Cocoa Paste primarily from: Colombia ($306k), Spain ($39.2k), Ecuador ($37.2k), United States ($2.27k), and Costa Rica ($180).

The fastest growing import markets in Cocoa Paste for Panama between 2022 and 2023 were Colombia ($48.7k), Spain ($39.2k), and Ecuador ($24.5k).

COMPANIES In 2024, leading companies such as Barry Callebaut (6) were at the forefront of shipping Cocoa Paste from Panama to the United States.

Latest Trends

Dec 2024

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 Cocoa Paste. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$340k
IMPORTS (2023)$385k
NET TRADE (2023)-$44.5k

In 2023, Panama exported $340k in Cocoa Paste. The main destinations of Panama exports on Cocoa Paste were Poland ($171k), Uruguay ($135k), Spain ($18.2k), Netherlands ($15.6k), and Guatemala ($178).

In 2023, Panama imported $385k in Cocoa Paste, mainly from Colombia ($306k), Spain ($39.2k), Ecuador ($37.2k), United States ($2.27k), and Costa Rica ($180).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Poland$171k (1%)
Uruguay$114k (540%)
Netherlands$15.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Panama WERE (2022 - 2023):
Cuba-$75.5k (-100%)
United States-$30.8k (-100%)
Spain-$19.2k (-51.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

Explore Visualizations

Trade Value of Cocoa Paste by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $50.1k
TOP IMPORT POTENTIALEcuador+ $11.7k

Cocoa Paste’s highest export potential is United States. With an export gap of $50.1k.   Cocoa Paste’s highest import potential is Ecuador with an import gap of $11.7k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with