2023
Exports
$3.49MWorld Rnk 50 / 139
Flag Rnk 112 / 1046
2023
PRODUCT COMPLEXITY IN Molasses
-1.73Rnk 974 / 1025
2023
Imports
$538kWorld Rnk 82 / 187
Flag Rnk 749 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $3.49M in Molasses, making it the 50th largest exporter of Molasses in the world. At the same year, Molasses was the 112th most exported product in Panama. The main destination of Molasses exports from Panama are: Guyana ($2.58M), Grenada ($555k), France ($204k), United States ($69.1k), and Trinidad and Tobago ($37.5k).

The fastest growing export markets for Molasses of Panama between 2022 and 2023 were United States ($69.1k), Grenada ($54.1k), and France ($43.4k).

Imports In 2023, Panama imported $538k in Molasses, becoming the 82nd largest importer of Molasses in the world. At the same year, Molasses was the 749th most imported product in Panama. Panama imports Molasses primarily from: United Kingdom ($537k), Brazil ($1.02k), and United States ($170).

The fastest growing import markets in Molasses for Panama between 2022 and 2023 were United Kingdom ($537k) and Brazil ($451).

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 Molasses. 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)$3.49M
IMPORTS (2023)$538k
NET TRADE (2023)$2.96M

In 2023, Panama exported $3.49M in Molasses. The main destinations of Panama exports on Molasses were Guyana ($2.58M), Grenada ($555k), France ($204k), United States ($69.1k), and Trinidad and Tobago ($37.5k).

In 2023, Panama imported $538k in Molasses, mainly from United Kingdom ($537k), Brazil ($1.02k), and United States ($170).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Molasses EXPORT MARKETS FOR Panama WERE (2022 - 2023):
United States$69.1k (1%)
Grenada$54.1k (10.8%)
France$43.4k (27.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Molasses BY Panama WERE (2022 - 2023):
Jamaica-$2.3M (-100%)
Barbados-$739k (-100%)
Saint Lucia-$238k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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

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Trade Value of Molasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $54.2k
TOP IMPORT POTENTIALUnited States+ $2.52k

Molasses’s highest export potential is France. With an export gap of $54.2k.   Molasses’s highest import potential is United States with an import gap of $2.52k.

See methodology.

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