2022
Exports
$41.6MWorld Rnk 50 / 204
Flag Rnk 17 / 1051
2022
PRODUCT COMPLEXITY IN Coffee
-1.44Rnk 940 / 1025
2022
Imports
$23.4MWorld Rnk 84 / 224
Flag Rnk 178 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $41.6M in Coffee, making it the 50th largest exporter of Coffee in the world. At the same year, Coffee was the 17th most exported product in Panama. The main destination of Coffee exports from Panama are: Chinese Taipei ($7.78M), United States ($5.7M), Japan ($5.5M), China ($5.26M), and South Korea ($4.17M).

The fastest growing export markets for Coffee of Panama between 2021 and 2022 were Chinese Taipei ($3.01M), South Korea ($1.42M), and Hong Kong ($541k).

Imports In 2022, Panama imported $23.4M in Coffee, becoming the 84th largest importer of Coffee in the world. At the same year, Coffee was the 178th most imported product in Panama. Panama imports Coffee primarily from: Nicaragua ($11.9M), Costa Rica ($2.51M), Colombia ($1.9M), Guatemala ($1.45M), and Honduras ($1.29M).

The fastest growing import markets in Coffee for Panama between 2021 and 2022 were Nicaragua ($9.82M), Costa Rica ($1.91M), and Honduras ($782k).

COMPANIES In 2023, leading companies such as Goya Foods (2) and Sucafina (1) were at the forefront of shipping Coffee from Panama to the United States.

Latest Trends

Oct 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 Coffee. 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)$41.6M
IMPORTS (2022)$23.4M
NET TRADE (2022)$18.2M

In 2022, Panama exported $41.6M in Coffee. The main destinations of Panama exports on Coffee were Chinese Taipei ($7.78M), United States ($5.7M), Japan ($5.5M), China ($5.26M), and South Korea ($4.17M).

In 2022, Panama imported $23.4M in Coffee, mainly from Nicaragua ($11.9M), Costa Rica ($2.51M), Colombia ($1.9M), Guatemala ($1.45M), and Honduras ($1.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coffee EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Chinese Taipei$3.01M (63.2%)
South Korea$1.42M (51.9%)
Hong Kong$541k (58.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coffee BY Panama WERE (2021 - 2022):
China-$2.52M (-32.4%)
Germany-$1.46M (-39.4%)
Canada-$894k (-60.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Coffee were:
Brazil $8.86B
Vietnam $3.37B
In 2022, Panama's main importing competitors in Coffee were:

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Trade Value of Coffee by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $5.55M
TOP IMPORT POTENTIALColombia+ $3.5M

Coffee’s highest export potential is United States. With an export gap of $5.55M.   Coffee’s highest import potential is Colombia with an import gap of $3.5M.

See methodology.

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