2022
Exports
$68.8MWorld Rnk 44 / 169
Flag Rnk 11 / 1051
2022
PRODUCT COMPLEXITY IN Crustaceans
-1.97Rnk 999 / 1025
2022
Imports
$5.43MWorld Rnk 85 / 217
Flag Rnk 396 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $68.8M in Crustaceans, making it the 44th largest exporter of Crustaceans in the world. At the same year, Crustaceans was the 11th most exported product in Panama. The main destination of Crustaceans exports from Panama are: Chinese Taipei ($43.4M), United States ($14.3M), Italy ($3.06M), Spain ($2.32M), and Denmark ($1.98M).

The fastest growing export markets for Crustaceans of Panama between 2021 and 2022 were Chinese Taipei ($34.2M), United States ($883k), and Aruba ($636k).

Imports In 2022, Panama imported $5.43M in Crustaceans, becoming the 85th largest importer of Crustaceans in the world. At the same year, Crustaceans was the 396th most imported product in Panama. Panama imports Crustaceans primarily from: China ($3.72M), Peru ($822k), United States ($224k), Indonesia ($201k), and Vietnam ($199k).

The fastest growing import markets in Crustaceans for Panama between 2021 and 2022 were China ($1.42M), Vietnam ($190k), and Brazil ($12k).

COMPANIES In 2023, leading companies such as Lawrence Wholesale (2) were at the forefront of shipping Crustaceans from Panama to the United States.

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 Crustaceans. 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)$68.8M
IMPORTS (2022)$5.43M
NET TRADE (2022)$63.4M

In 2022, Panama exported $68.8M in Crustaceans. The main destinations of Panama exports on Crustaceans were Chinese Taipei ($43.4M), United States ($14.3M), Italy ($3.06M), Spain ($2.32M), and Denmark ($1.98M).

In 2022, Panama imported $5.43M in Crustaceans, mainly from China ($3.72M), Peru ($822k), United States ($224k), Indonesia ($201k), and Vietnam ($199k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Crustaceans EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Chinese Taipei$34.2M (371%)
United States$883k (6.61%)
Aruba$636k (163%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Crustaceans BY Panama WERE (2021 - 2022):
Spain-$1.28M (-35.6%)
Denmark-$835k (-29.7%)
South Africa-$460k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Crustaceans were:
Ecuador $7.98B
India $5.12B
Canada $3.51B
In 2022, Panama's main importing competitors in Crustaceans were:

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Trade Value of Crustaceans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $8.61M
TOP IMPORT POTENTIALUnited States+ $338k

Crustaceans’s highest export potential is United States. With an export gap of $8.61M.   Crustaceans’s highest import potential is United States with an import gap of $338k.

See methodology.

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