2022
Exports
$11.6MWorld Rnk 84 / 226
Flag Rnk 47 / 1051
2022
PRODUCT COMPLEXITY IN Knit T-shirts
-1.34Rnk 921 / 1025
2022
Imports
$163MWorld Rnk 51 / 223
Flag Rnk 35 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $11.6M in Knit T-shirts, making it the 84th largest exporter of Knit T-shirts in the world. At the same year, Knit T-shirts was the 47th most exported product in Panama. The main destination of Knit T-shirts exports from Panama are: Netherlands ($5.46M), Hong Kong ($1.7M), Chile ($933k), Costa Rica ($806k), and Aruba ($491k).

The fastest growing export markets for Knit T-shirts of Panama between 2021 and 2022 were Hong Kong ($1.33M), Chile ($356k), and Dominican Republic ($211k).

Imports In 2022, Panama imported $163M in Knit T-shirts, becoming the 51st largest importer of Knit T-shirts in the world. At the same year, Knit T-shirts was the 35th most imported product in Panama. Panama imports Knit T-shirts primarily from: China ($87.5M), India ($26.6M), United States ($7.04M), Vietnam ($5.29M), and Turkey ($4.99M).

The fastest growing import markets in Knit T-shirts for Panama between 2021 and 2022 were China ($25.5M), India ($8.79M), and United States ($3.21M).

COMPANIES In 2023, leading companies such as Gildan Activewear (3) were at the forefront of shipping Knit T-shirts from Panama to the United States.

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 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 (2022)$11.6M
IMPORTS (2022)$163M
NET TRADE (2022)-$152M

In 2022, Panama exported $11.6M in Knit T-shirts. The main destinations of Panama exports on Knit T-shirts were Netherlands ($5.46M), Hong Kong ($1.7M), Chile ($933k), Costa Rica ($806k), and Aruba ($491k).

In 2022, Panama imported $163M in Knit T-shirts, mainly from China ($87.5M), India ($26.6M), United States ($7.04M), Vietnam ($5.29M), and Turkey ($4.99M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Knit T-shirts EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Hong Kong$1.33M (358%)
Chile$356k (61.7%)
Dominican Republic$211k (223%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Knit T-shirts BY Panama WERE (2021 - 2022):
Guatemala-$3.52M (-93.1%)
Paraguay-$358k (-95%)
Colombia-$253k (-99.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Knit T-shirts were:
In 2022, 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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