2023
Exports
$109MWorld Rnk 104 / 167
Flag Rnk 8 / 1046
2023
PRODUCT COMPLEXITY IN Gold
-2.5Rnk 1019 / 1025
2023
Imports
$4.4MWorld Rnk 105 / 174
Flag Rnk 408 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $109M in Gold, making it the 104th largest exporter of Gold in the world. At the same year, Gold was the 8th most exported product in Panama. The main destination of Gold exports from Panama are: Switzerland ($45.4M), Italy ($30.5M), United States ($21.4M), Turkey ($11.1M), and United Arab Emirates ($780k).

The fastest growing export markets for Gold of Panama between 2022 and 2023 were Turkey ($5.73M), United Arab Emirates ($780k), and Grenada ($69).

Imports In 2023, Panama imported $4.4M in Gold, becoming the 105th largest importer of Gold in the world. At the same year, Gold was the 408th most imported product in Panama. Panama imports Gold primarily from: United States ($3.41M), Colombia ($671k), Turkey ($239k), Canada ($35.6k), and Italy ($20.7k).

The fastest growing import markets in Gold for Panama between 2022 and 2023 were United States ($1.66M), Colombia ($671k), and Turkey ($239k).

Latest Trends

Dec 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 Gold. 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 (2023)$109M
IMPORTS (2023)$4.4M
NET TRADE (2023)$105M

In 2023, Panama exported $109M in Gold. The main destinations of Panama exports on Gold were Switzerland ($45.4M), Italy ($30.5M), United States ($21.4M), Turkey ($11.1M), and United Arab Emirates ($780k).

In 2023, Panama imported $4.4M in Gold, mainly from United States ($3.41M), Colombia ($671k), Turkey ($239k), Canada ($35.6k), and Italy ($20.7k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Gold EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Turkey$5.73M (106%)
Grenada$69 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Gold BY Panama WERE (2022 - 2023):
Italy-$5.31M (-14.8%)
United States-$3.56M (-14.3%)
Switzerland-$2.74M (-5.69%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Gold were:
In 2023, Panama's main importing competitors in Gold were:

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Trade Value of Gold by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $19.9M
TOP IMPORT POTENTIALUnited States+ $1.37M

Gold’s highest export potential is United States. With an export gap of $19.9M.   Gold’s highest import potential is United States with an import gap of $1.37M.

See methodology.

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