2023
Exports
$3.01MWorld Rnk 96 / 149
Flag Rnk 128 / 1046
2023
PRODUCT COMPLEXITY IN Nitrogenous Fertilizers
-1.31Rnk 901 / 1025
2023
Imports
$42.2MWorld Rnk 92 / 209
Flag Rnk 100 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $3.01M in Nitrogenous Fertilizers, making it the 96th largest exporter of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 128th most exported product in Panama. The main destination of Nitrogenous Fertilizers exports from Panama are: Suriname ($1.61M), Guyana ($1.01M), Costa Rica ($344k), Belize ($45.5k), and Spain ($59).

The fastest growing export markets for Nitrogenous Fertilizers of Panama between 2022 and 2023 were Suriname ($1.61M), Guyana ($1.01M), and Costa Rica ($344k).

Imports In 2023, Panama imported $42.2M in Nitrogenous Fertilizers, becoming the 92nd largest importer of Nitrogenous Fertilizers in the world. At the same year, Nitrogenous Fertilizers was the 100th most imported product in Panama. Panama imports Nitrogenous Fertilizers primarily from: Russia ($16.9M), Equatorial Guinea ($7.23M), Georgia ($7.08M), Trinidad and Tobago ($3.74M), and Costa Rica ($3.42M).

The fastest growing import markets in Nitrogenous Fertilizers for Panama between 2022 and 2023 were Equatorial Guinea ($7.23M), China ($662k), and Saudi Arabia ($457k).

Latest Trends

Jan 2025

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 Nitrogenous Fertilizers. 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)$3.01M
IMPORTS (2023)$42.2M
NET TRADE (2023)-$39.2M

In 2023, Panama exported $3.01M in Nitrogenous Fertilizers. The main destinations of Panama exports on Nitrogenous Fertilizers were Suriname ($1.61M), Guyana ($1.01M), Costa Rica ($344k), Belize ($45.5k), and Spain ($59).

In 2023, Panama imported $42.2M in Nitrogenous Fertilizers, mainly from Russia ($16.9M), Equatorial Guinea ($7.23M), Georgia ($7.08M), Trinidad and Tobago ($3.74M), and Costa Rica ($3.42M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitrogenous Fertilizers EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Suriname$1.61M (1%)
Guyana$1.01M (1%)
Costa Rica$344k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogenous Fertilizers BY Panama WERE (2022 - 2023):
Cuba-$3.11M (-100%)
Germany-$8.37k (-100%)
Colombia-$5.36k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Nitrogenous Fertilizers were:
Russia $5.34B
China $5.05B
Oman $2.61B
In 2023, Panama's main importing competitors in Nitrogenous Fertilizers were:

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Trade Value of Nitrogenous Fertilizers by Exporters

Potential Exports

Potential Exports

Flow
View
N/AN/AN/A
TOP IMPORT POTENTIALUnited States+ $2.19M

Nitrogenous Fertilizers’s highest export potential is N/A. With an export gap of N/A.   Nitrogenous Fertilizers’s highest import potential is United States with an import gap of $2.19M.

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