2022
Exports
$1.21MWorld Rnk 68 / 181
Flag Rnk 228 / 1051
2022
PRODUCT COMPLEXITY IN Optical Fibers and optical fibre bundles
1.02Rnk 166 / 1025
2022
Imports
$18.3MWorld Rnk 68 / 215
Flag Rnk 219 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $1.21M in Optical Fibers and optical fibre bundles, making it the 68th largest exporter of Optical Fibers and optical fibre bundles in the world. At the same year, Optical Fibers and optical fibre bundles was the 228th most exported product in Panama. The main destination of Optical Fibers and optical fibre bundles exports from Panama are: Ecuador ($404k), Chile ($245k), Guatemala ($216k), Costa Rica ($121k), and Dominican Republic ($106k).

The fastest growing export markets for Optical Fibers and optical fibre bundles of Panama between 2021 and 2022 were Aruba ($29.2k), Barbados ($21.6k), and Dominican Republic ($12.3k).

Imports In 2022, Panama imported $18.3M in Optical Fibers and optical fibre bundles, becoming the 68th largest importer of Optical Fibers and optical fibre bundles in the world. At the same year, Optical Fibers and optical fibre bundles was the 219th most imported product in Panama. Panama imports Optical Fibers and optical fibre bundles primarily from: China ($9.26M), United States ($5.73M), India ($2.32M), Germany ($393k), and Mexico ($127k).

The fastest growing import markets in Optical Fibers and optical fibre bundles for Panama between 2021 and 2022 were China ($4.2M), United States ($1.93M), and Mexico ($101k).

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 Optical Fibers and optical fibre bundles. 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)$1.21M
IMPORTS (2022)$18.3M
NET TRADE (2022)-$17.1M

In 2022, Panama exported $1.21M in Optical Fibers and optical fibre bundles. The main destinations of Panama exports on Optical Fibers and optical fibre bundles were Ecuador ($404k), Chile ($245k), Guatemala ($216k), Costa Rica ($121k), and Dominican Republic ($106k).

In 2022, Panama imported $18.3M in Optical Fibers and optical fibre bundles, mainly from China ($9.26M), United States ($5.73M), India ($2.32M), Germany ($393k), and Mexico ($127k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Optical Fibers and optical fibre bundles EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Aruba$29.2k (145%)
Barbados$21.6k (1%)
Dominican Republic$12.3k (13.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Optical Fibers and optical fibre bundles BY Panama WERE (2021 - 2022):
Ecuador-$218k (-35%)
Chile-$90.8k (-27%)
Costa Rica-$55.7k (-31.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Optical Fibers and optical fibre bundles were:
In 2022, Panama's main importing competitors in Optical Fibers and optical fibre bundles were:

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Trade Value of Optical Fibers and optical fibre bundles by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALCosta Rica+ $31.2k
TOP IMPORT POTENTIALUnited States+ $1.31M

Optical Fibers and optical fibre bundles’s highest export potential is Costa Rica. With an export gap of $31.2k.   Optical Fibers and optical fibre bundles’s highest import potential is United States with an import gap of $1.31M.

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