2022
Exports
$214kWorld Rnk 119 / 195
Flag Rnk 436 / 1051
2022
PRODUCT COMPLEXITY IN Confectionery Sugar
-0.72Rnk 763 / 1025
2022
Imports
$25.4MWorld Rnk 88 / 224
Flag Rnk 168 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $214k in Confectionery Sugar, making it the 119th largest exporter of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 436th most exported product in Panama. The main destination of Confectionery Sugar exports from Panama are: United States ($97.5k), Honduras ($49.8k), Aruba ($31k), Bermuda ($10.7k), and Costa Rica ($7.62k).

The fastest growing export markets for Confectionery Sugar of Panama between 2021 and 2022 were United States ($97.5k), Honduras ($49.5k), and Bermuda ($10.7k).

Imports In 2022, Panama imported $25.4M in Confectionery Sugar, becoming the 88th largest importer of Confectionery Sugar in the world. At the same year, Confectionery Sugar was the 168th most imported product in Panama. Panama imports Confectionery Sugar primarily from: United States ($6.26M), Colombia ($5.19M), Guatemala ($4.24M), Brazil ($1.92M), and El Salvador ($1.92M).

The fastest growing import markets in Confectionery Sugar for Panama between 2021 and 2022 were Colombia ($1.33M), Guatemala ($965k), and United States ($905k).

Latest Trends

Sep 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 Confectionery Sugar. 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)$214k
IMPORTS (2022)$25.4M
NET TRADE (2022)-$25.2M

In 2022, Panama exported $214k in Confectionery Sugar. The main destinations of Panama exports on Confectionery Sugar were United States ($97.5k), Honduras ($49.8k), Aruba ($31k), Bermuda ($10.7k), and Costa Rica ($7.62k).

In 2022, Panama imported $25.4M in Confectionery Sugar, mainly from United States ($6.26M), Colombia ($5.19M), Guatemala ($4.24M), Brazil ($1.92M), and El Salvador ($1.92M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Confectionery Sugar EXPORT MARKETS FOR Panama WERE (2021 - 2022):
United States$97.5k (1%)
Honduras$49.5k (17.3k%)
Bermuda$10.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Confectionery Sugar BY Panama WERE (2021 - 2022):
El Salvador-$30.1k (-99%)
Costa Rica-$19.5k (-71.9%)
Dominica-$19k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Confectionery Sugar were:
Germany $1.76B
China $1.38B
Mexico $1.12B
In 2022, Panama's main importing competitors in Confectionery Sugar were:

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Trade Value of Confectionery Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $160k
TOP IMPORT POTENTIALMexico+ $1.52M

Confectionery Sugar’s highest export potential is United States. With an export gap of $160k.   Confectionery Sugar’s highest import potential is Mexico with an import gap of $1.52M.

See methodology.

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