2022
Exports
$2.94BWorld Rnk 8 / 110
Flag Rnk 1 / 1051
2022
PRODUCT COMPLEXITY IN Copper Ore
-1.94Rnk 995 / 1025
2022
Imports
$1.74kWorld Rnk 90 / 117
Flag Rnk 1116 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $2.94B in Copper Ore, making it the 8th largest exporter of Copper Ore in the world. At the same year, Copper Ore was the 1st most exported product in Panama. The main destination of Copper Ore exports from Panama are: China ($1.09B), Japan ($627M), South Korea ($233M), Spain ($220M), and India ($214M).

The fastest growing export markets for Copper Ore of Panama between 2021 and 2022 were Japan ($98.7M), Canada ($88.4M), and Bulgaria ($83M).

Imports In 2022, Panama imported $1.74k in Copper Ore, becoming the 90th largest importer of Copper Ore in the world. At the same year, Copper Ore was the 1116th most imported product in Panama. Panama imports Copper Ore primarily from: Mexico ($1.72k) and China ($21).

The fastest growing import markets in Copper Ore for Panama between N/A and 2022 were Mexico ($1.72k) and China ($21).

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 Copper Ore. 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)$2.94B
IMPORTS (2022)$1.74k
NET TRADE (2022)$2.94B

In 2022, Panama exported $2.94B in Copper Ore. The main destinations of Panama exports on Copper Ore were China ($1.09B), Japan ($627M), South Korea ($233M), Spain ($220M), and India ($214M).

In 2022, Panama imported $1.74k in Copper Ore, mainly from Mexico ($1.72k) and China ($21).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Copper Ore EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Japan$98.7M (18.7%)
Canada$88.4M (187%)
Bulgaria$83M (89.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Copper Ore BY Panama WERE (2021 - 2022):
Spain-$136M (-38.1%)
Brazil-$109M (-100%)
South Korea-$103M (-30.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Copper Ore were:
Chile $22.8B
Peru $13.5B
In 2022, Panama's main importing competitors in Copper Ore were:
China $50.5B
Japan $12.4B

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Trade Value of Copper Ore by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $21.9M
TOP IMPORT POTENTIALMexico+ $4.22k

Copper Ore’s highest export potential is China. With an export gap of $21.9M.   Copper Ore’s highest import potential is Mexico with an import gap of $4.22k.

See methodology.

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