2022
Exports
$163kWorld Rnk 56 / 105
Flag Rnk 480 / 1051
2022
PRODUCT COMPLEXITY IN Cocoa Paste
-0.8Rnk 779 / 1025
2022
Imports
$263kWorld Rnk 88 / 169
Flag Rnk 851 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $163k in Cocoa Paste, making it the 56th largest exporter of Cocoa Paste in the world. At the same year, Cocoa Paste was the 480th most exported product in Panama. The main destination of Cocoa Paste exports from Panama are: Cuba ($75.5k), Spain ($37.3k), United States ($30.8k), Uruguay ($19.6k), and Guatemala ($83).

The fastest growing export markets for Cocoa Paste of Panama between 2021 and 2022 were Spain ($32k), United States ($30.8k), and Uruguay ($18.2k).

Imports In 2022, Panama imported $263k in Cocoa Paste, becoming the 88th largest importer of Cocoa Paste in the world. At the same year, Cocoa Paste was the 851st most imported product in Panama. Panama imports Cocoa Paste primarily from: Colombia ($250k), Ecuador ($12.4k), and Brazil ($21).

The fastest growing import markets in Cocoa Paste for Panama between 2021 and 2022 were Colombia ($107k) and Brazil ($21).

COMPANIES In 2023, leading companies such as Goya Foods (13) and Barry Callebaut (1) were at the forefront of shipping Cocoa Paste from Panama to the United States.

Latest Trends

Nov 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 (2022)$163k
IMPORTS (2022)$263k
NET TRADE (2022)-$99.4k

In 2022, Panama exported $163k in Cocoa Paste. The main destinations of Panama exports on Cocoa Paste were Cuba ($75.5k), Spain ($37.3k), United States ($30.8k), Uruguay ($19.6k), and Guatemala ($83).

In 2022, Panama imported $263k in Cocoa Paste, mainly from Colombia ($250k), Ecuador ($12.4k), and Brazil ($21).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Cocoa Paste EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Spain$32k (609%)
United States$30.8k (1%)
Uruguay$18.2k (1.35k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa Paste BY Panama WERE (2021 - 2022):Cuba-$666k (-89.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Panama's main exporting competitors in Cocoa Paste were:
In 2022, 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