2023
Exports
$6.11MWorld Rnk 103 / 223
Flag Rnk 77 / 1046
2023
PRODUCT COMPLEXITY IN Insulated Wire
-0.48Rnk 691 / 1025
2023
Imports
$116MWorld Rnk 92 / 225
Flag Rnk 29 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $6.11M in Insulated Wire, making it the 103rd largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 77th most exported product in Panama. The main destination of Insulated Wire exports from Panama are: Jamaica ($1.04M), Costa Rica ($995k), Bahamas ($955k), Paraguay ($695k), and Chile ($661k).

The fastest growing export markets for Insulated Wire of Panama between 2022 and 2023 were Bahamas ($865k), Paraguay ($693k), and Jamaica ($644k).

Imports In 2023, Panama imported $116M in Insulated Wire, becoming the 92nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 29th most imported product in Panama. Panama imports Insulated Wire primarily from: China ($48.7M), Costa Rica ($12.9M), United States ($8.78M), Mexico ($8.24M), and Spain ($8.09M).

The fastest growing import markets in Insulated Wire for Panama between 2022 and 2023 were South Korea ($4.23M), Ecuador ($2.3M), and China ($1.82M).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Insulated Wire. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$6.11M
IMPORTS (2023)$116M
NET TRADE (2023)-$110M

In 2023, Panama exported $6.11M in Insulated Wire. The main destinations of Panama exports on Insulated Wire were Jamaica ($1.04M), Costa Rica ($995k), Bahamas ($955k), Paraguay ($695k), and Chile ($661k).

In 2023, Panama imported $116M in Insulated Wire, mainly from China ($48.7M), Costa Rica ($12.9M), United States ($8.78M), Mexico ($8.24M), and Spain ($8.09M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Bahamas$865k (968%)
Paraguay$693k (44.3k%)
Jamaica$644k (164%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Panama WERE (2022 - 2023):
Costa Rica-$1.91M (-65.8%)
Spain-$1.18M (-100%)
Suriname-$405k (-92.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Panama's main exporting competitors in Insulated Wire were:
In 2023, Panama's main importing competitors in Insulated Wire were:

Explore Visualizations

Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $709k
TOP IMPORT POTENTIALMexico+ $11.5M

Insulated Wire’s highest export potential is Spain. With an export gap of $709k.   Insulated Wire’s highest import potential is Mexico with an import gap of $11.5M.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with