2023
Exports
$11.6MWorld Rnk 83 / 225
Flag Rnk 46 / 1046
2023
PRODUCT COMPLEXITY IN Knit T-shirts
-1.53Rnk 948 / 1025
2023
Imports
$88.8MWorld Rnk 60 / 225
Flag Rnk 46 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $11.6M in Knit T-shirts, making it the 83rd largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 46th most exported product in Panama. The main destination of Knit T-shirts exports from Panama are: Netherlands ($4.15M), Hong Kong ($2.82M), Chile ($1.04M), Costa Rica ($803k), and Guatemala ($383k).

The fastest growing export markets for Knit T-shirts of Panama between 2022 and 2023 were Hong Kong ($1.12M), Paraguay ($167k), and Colombia ($155k).

Imports In 2023, Panama imported $88.8M in Knit T-shirts, becoming the 60th largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 46th most imported product in Panama. Panama imports Knit T-shirts primarily from: China ($57.1M), India ($4.74M), United States ($4.68M), Turkey ($3.22M), and El Salvador ($3.06M).

The fastest growing import markets in Knit T-shirts for Panama between 2022 and 2023 were Nicaragua ($1.19M), Italy ($769k), and Germany ($355k).

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 Knit T-shirts. 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)$11.6M
IMPORTS (2023)$88.8M
NET TRADE (2023)-$77.1M

In 2023, Panama exported $11.6M in Knit T-shirts. The main destinations of Panama exports on Knit T-shirts were Netherlands ($4.15M), Hong Kong ($2.82M), Chile ($1.04M), Costa Rica ($803k), and Guatemala ($383k).

In 2023, Panama imported $88.8M in Knit T-shirts, mainly from China ($57.1M), India ($4.74M), United States ($4.68M), Turkey ($3.22M), and El Salvador ($3.06M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Hong Kong$1.12M (66.2%)
Paraguay$167k (889%)
Colombia$155k (7.81k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Panama WERE (2022 - 2023):
Netherlands-$1.3M (-23.9%)
Suriname-$244k (-91.4%)
Aruba-$171k (-34.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Knit T-shirts were:
China $8.58B
Turkey $2.98B
In 2023, Panama's main importing competitors in Knit T-shirts were:

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Trade Value of Knit T-shirts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $422k
TOP IMPORT POTENTIALBangladesh+ $3.72M

Knit T-shirts’s highest export potential is United States. With an export gap of $422k.   Knit T-shirts’s highest import potential is Bangladesh with an import gap of $3.72M.

See methodology.

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