2022
Exports
$16.5MWorld Rnk 72 / 216
Flag Rnk 35 / 1051
2022
PRODUCT COMPLEXITY IN Industrial Fatty Acids, Oils and Alcohols
-0.69Rnk 753 / 1025
2022
Imports
$32.1MWorld Rnk 98 / 222
Flag Rnk 146 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $16.5M in Industrial Fatty Acids, Oils and Alcohols, making it the 72nd largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 35th most exported product in Panama. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Panama are: Costa Rica ($6.04M), Dominican Republic ($2.78M), Guatemala ($1.58M), Nicaragua ($1.29M), and Honduras ($1.15M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Panama between 2021 and 2022 were Costa Rica ($701k), Dominican Republic ($573k), and Trinidad and Tobago ($434k).

Imports In 2022, Panama imported $32.1M in Industrial Fatty Acids, Oils and Alcohols, becoming the 98th largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 146th most imported product in Panama. Panama imports Industrial Fatty Acids, Oils and Alcohols primarily from: United States ($8.74M), China ($6.93M), Mexico ($2.58M), Costa Rica ($2.27M), and Colombia ($1.86M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Panama between 2021 and 2022 were China ($2.06M), Colombia ($751k), and France ($626k).

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 Industrial Fatty Acids, Oils and Alcohols. 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)$16.5M
IMPORTS (2022)$32.1M
NET TRADE (2022)-$15.6M

In 2022, Panama exported $16.5M in Industrial Fatty Acids, Oils and Alcohols. The main destinations of Panama exports on Industrial Fatty Acids, Oils and Alcohols were Costa Rica ($6.04M), Dominican Republic ($2.78M), Guatemala ($1.58M), Nicaragua ($1.29M), and Honduras ($1.15M).

In 2022, Panama imported $32.1M in Industrial Fatty Acids, Oils and Alcohols, mainly from United States ($8.74M), China ($6.93M), Mexico ($2.58M), Costa Rica ($2.27M), and Colombia ($1.86M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Industrial Fatty Acids, Oils and Alcohols EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Costa Rica$701k (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Fatty Acids, Oils and Alcohols BY Panama WERE (2021 - 2022):
South Korea-$2.13M (-85.6%)
Cayman Islands-$511k (-100%)
Honduras-$224k (-16.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Industrial Fatty Acids, Oils and Alcohols were:
In 2022, Panama's main importing competitors in Industrial Fatty Acids, Oils and Alcohols were:

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Trade Value of Industrial Fatty Acids, Oils and Alcohols by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALNetherlands+ $419k
TOP IMPORT POTENTIALUnited States+ $390k

Industrial Fatty Acids, Oils and Alcohols’s highest export potential is Netherlands. With an export gap of $419k.   Industrial Fatty Acids, Oils and Alcohols’s highest import potential is United States with an import gap of $390k.

See methodology.

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