2022
Exports
$10.1MWorld Rnk 33 / 118
Flag Rnk 60 / 1051
2022
PRODUCT COMPLEXITY IN Fish oil
-1.83Rnk 985 / 1025
2022
Imports
$895kWorld Rnk 68 / 171
Flag Rnk 684 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $10.1M in Fish oil, making it the 33rd largest exporter of Fish oil in the world. At the same year, Fish oil was the 60th most exported product in Panama. The main destination of Fish oil exports from Panama are: Norway ($4.97M), Denmark ($2.96M), Belgium ($974k), Australia ($718k), and Ecuador ($301k).

The fastest growing export markets for Fish oil of Panama between 2021 and 2022 were Belgium ($907k), Australia ($635k), and Ecuador ($95.9k).

Imports In 2022, Panama imported $895k in Fish oil, becoming the 68th largest importer of Fish oil in the world. At the same year, Fish oil was the 684th most imported product in Panama. Panama imports Fish oil primarily from: United Kingdom ($440k), Canada ($211k), United States ($151k), Costa Rica ($91.7k), and Greece ($967).

The fastest growing import markets in Fish oil for Panama between 2021 and 2022 were United Kingdom ($414k), Canada ($116k), and United States ($51.8k).

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 Fish 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)$10.1M
IMPORTS (2022)$895k
NET TRADE (2022)$9.16M

In 2022, Panama exported $10.1M in Fish oil. The main destinations of Panama exports on Fish oil were Norway ($4.97M), Denmark ($2.96M), Belgium ($974k), Australia ($718k), and Ecuador ($301k).

In 2022, Panama imported $895k in Fish oil, mainly from United Kingdom ($440k), Canada ($211k), United States ($151k), Costa Rica ($91.7k), and Greece ($967).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Belgium$907k (1.35k%)
Australia$635k (761%)
Ecuador$95.9k (46.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Panama WERE (2021 - 2022):
Norway-$3.73M (-42.9%)
Denmark-$3.52M (-54.3%)
Bangladesh-$370k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Fish oil were:
Peru $556M
Chile $249M
In 2022, Panama's main importing competitors in Fish oil were:

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChile+ $96.4k
TOP IMPORT POTENTIALUnited States+ $61.1k

Fish oil’s highest export potential is Chile. With an export gap of $96.4k.   Fish oil’s highest import potential is United States with an import gap of $61.1k.

See methodology.

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