2022
Exports
$642kWorld Rnk 66 / 213
Flag Rnk 295 / 1051
2022
PRODUCT COMPLEXITY IN Gaskets
1.44Rnk 64 / 1025
2022
Imports
$6.35MWorld Rnk 77 / 220
Flag Rnk 368 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $642k in Gaskets, making it the 66th largest exporter of Gaskets in the world. At the same year, Gaskets was the 295th most exported product in Panama. The main destination of Gaskets exports from Panama are: Costa Rica ($162k), Guatemala ($90.3k), Ecuador ($74.2k), Argentina ($51.7k), and Peru ($51k).

The fastest growing export markets for Gaskets of Panama between 2021 and 2022 were Ecuador ($63.8k), Argentina ($32.7k), and Costa Rica ($22.4k).

Imports In 2022, Panama imported $6.35M in Gaskets, becoming the 77th largest importer of Gaskets in the world. At the same year, Gaskets was the 368th most imported product in Panama. Panama imports Gaskets primarily from: China ($2.02M), United States ($1.15M), Japan ($1.06M), Germany ($302k), and Chinese Taipei ($298k).

The fastest growing import markets in Gaskets for Panama between 2021 and 2022 were China ($752k), United States ($656k), and Turkey ($210k).

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 Gaskets. 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)$642k
IMPORTS (2022)$6.35M
NET TRADE (2022)-$5.71M

In 2022, Panama exported $642k in Gaskets. The main destinations of Panama exports on Gaskets were Costa Rica ($162k), Guatemala ($90.3k), Ecuador ($74.2k), Argentina ($51.7k), and Peru ($51k).

In 2022, Panama imported $6.35M in Gaskets, mainly from China ($2.02M), United States ($1.15M), Japan ($1.06M), Germany ($302k), and Chinese Taipei ($298k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Gaskets EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Ecuador$63.8k (612%)
Argentina$32.7k (172%)
Costa Rica$22.4k (16%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gaskets BY Panama WERE (2021 - 2022):
Nigeria-$453k (-100%)
Guatemala-$117k (-56.4%)
Trinidad and Tobago-$18.4k (-70.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Gaskets were:
In 2022, Panama's main importing competitors in Gaskets were:

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Trade Value of Gaskets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $40k
TOP IMPORT POTENTIALGermany+ $547k

Gaskets’s highest export potential is Colombia. With an export gap of $40k.   Gaskets’s highest import potential is Germany with an import gap of $547k.

See methodology.

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