2022
Exports
$25.1kWorld Rnk 71 / 133
Flag Rnk 708 / 1051
2022
PRODUCT COMPLEXITY IN Other Clocks and Watches
1.32Rnk 89 / 1025
2022
Imports
$276kWorld Rnk 77 / 191
Flag Rnk 840 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $25.1k in Other Clocks and Watches, making it the 71st largest exporter of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 708th most exported product in Panama. The main destination of Other Clocks and Watches exports from Panama are: Spain ($9.03k), Chile ($7.66k), Guatemala ($3.68k), El Salvador ($2.24k), and Costa Rica ($745).

The fastest growing export markets for Other Clocks and Watches of Panama between 2021 and 2022 were Spain ($9.03k), Chile ($5.43k), and El Salvador ($1.54k).

Imports In 2022, Panama imported $276k in Other Clocks and Watches, becoming the 77th largest importer of Other Clocks and Watches in the world. At the same year, Other Clocks and Watches was the 840th most imported product in Panama. Panama imports Other Clocks and Watches primarily from: Switzerland ($119k), United States ($86.4k), Japan ($17.3k), China ($15.8k), and South Korea ($14.7k).

The fastest growing import markets in Other Clocks and Watches for Panama between 2021 and 2022 were South Korea ($14.7k), China ($12.7k), and Chinese Taipei ($3.73k).

Latest Trends

Sep 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 Other Clocks and Watches. 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)$25.1k
IMPORTS (2022)$276k
NET TRADE (2022)-$251k

In 2022, Panama exported $25.1k in Other Clocks and Watches. The main destinations of Panama exports on Other Clocks and Watches were Spain ($9.03k), Chile ($7.66k), Guatemala ($3.68k), El Salvador ($2.24k), and Costa Rica ($745).

In 2022, Panama imported $276k in Other Clocks and Watches, mainly from Switzerland ($119k), United States ($86.4k), Japan ($17.3k), China ($15.8k), and South Korea ($14.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Clocks and Watches EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Spain$9.03k (1%)
Chile$5.43k (245%)
El Salvador$1.54k (223%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Clocks and Watches BY Panama WERE (2021 - 2022):
Guatemala-$6.78k (-64.9%)
Costa Rica-$2.45k (-76.7%)
Ecuador-$1.41k (-69%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Other Clocks and Watches were:
In 2022, Panama's main importing competitors in Other Clocks and Watches were:

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Trade Value of Other Clocks and Watches by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSingapore+ $1.41k
TOP IMPORT POTENTIALChina+ $24.2k

Other Clocks and Watches’s highest export potential is Singapore. With an export gap of $1.41k.   Other Clocks and Watches’s highest import potential is China with an import gap of $24.2k.

See methodology.

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