2022
Exports
$986kWorld Rnk 68 / 154
Flag Rnk 248 / 1051
2022
PRODUCT COMPLEXITY IN Coconut Oil
-1.71Rnk 972 / 1025
2022
Imports
$607kWorld Rnk 121 / 212
Flag Rnk 742 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $986k in Coconut Oil, making it the 68th largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 248th most exported product in Panama. The main destination of Coconut Oil exports from Panama are: Costa Rica ($590k), Jamaica ($233k), Mexico ($160k), Ecuador ($3.72k), and Slovakia ($79).

The fastest growing export markets for Coconut Oil of Panama between 2021 and 2022 were Jamaica ($233k), Mexico ($160k), and Ecuador ($3.72k).

Imports In 2022, Panama imported $607k in Coconut Oil, becoming the 121st largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 742nd most imported product in Panama. Panama imports Coconut Oil primarily from: United States ($534k), Dominican Republic ($32k), India ($12.6k), Ecuador ($11.2k), and Philippines ($7.83k).

The fastest growing import markets in Coconut Oil for Panama between 2021 and 2022 were Dominican Republic ($25.2k), United States ($12.5k), and Malaysia ($6.49k).

Latest Trends

Oct 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 Coconut Oil. 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)$986k
IMPORTS (2022)$607k
NET TRADE (2022)$379k

In 2022, Panama exported $986k in Coconut Oil. The main destinations of Panama exports on Coconut Oil were Costa Rica ($590k), Jamaica ($233k), Mexico ($160k), Ecuador ($3.72k), and Slovakia ($79).

In 2022, Panama imported $607k in Coconut Oil, mainly from United States ($534k), Dominican Republic ($32k), India ($12.6k), Ecuador ($11.2k), and Philippines ($7.83k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Jamaica$233k (1%)
Mexico$160k (1%)
Ecuador$3.72k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Panama WERE (2021 - 2022):
Costa Rica-$247k (-29.5%)
Switzerland-$365 (-100%)
Aruba-$2 (-4.44%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Coconut Oil were:
In 2022, Panama's main importing competitors in Coconut Oil were:

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALMexico+ $217k
TOP IMPORT POTENTIALPhilippines+ $24.7k

Coconut Oil’s highest export potential is Mexico. With an export gap of $217k.   Coconut Oil’s highest import potential is Philippines with an import gap of $24.7k.

See methodology.

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