2022
Exports
$2.77MWorld Rnk 78 / 216
Flag Rnk 148 / 1051
2022
PRODUCT COMPLEXITY IN Other Electrical Machinery
1.33Rnk 86 / 1025
2022
Imports
$84.7MWorld Rnk 64 / 224
Flag Rnk 72 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $2.77M in Other Electrical Machinery, making it the 78th largest exporter of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 148th most exported product in Panama. The main destination of Other Electrical Machinery exports from Panama are: Guatemala ($905k), Costa Rica ($542k), Chile ($273k), Ecuador ($194k), and Barbados ($161k).

The fastest growing export markets for Other Electrical Machinery of Panama between 2021 and 2022 were Ecuador ($117k), Colombia ($106k), and Guyana ($66.6k).

Imports In 2022, Panama imported $84.7M in Other Electrical Machinery, becoming the 64th largest importer of Other Electrical Machinery in the world. At the same year, Other Electrical Machinery was the 72nd most imported product in Panama. Panama imports Other Electrical Machinery primarily from: China ($64.6M), United States ($8.97M), Portugal ($2.94M), Vietnam ($1.38M), and Spain ($861k).

The fastest growing import markets in Other Electrical Machinery for Panama between 2021 and 2022 were China ($25.1M), United States ($5.01M), and Portugal ($2.93M).

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 Other Electrical Machinery. 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)$2.77M
IMPORTS (2022)$84.7M
NET TRADE (2022)-$81.9M

In 2022, Panama exported $2.77M in Other Electrical Machinery. The main destinations of Panama exports on Other Electrical Machinery were Guatemala ($905k), Costa Rica ($542k), Chile ($273k), Ecuador ($194k), and Barbados ($161k).

In 2022, Panama imported $84.7M in Other Electrical Machinery, mainly from China ($64.6M), United States ($8.97M), Portugal ($2.94M), Vietnam ($1.38M), and Spain ($861k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Electrical Machinery EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Ecuador$117k (152%)
Colombia$106k (1.1k%)
Guyana$66.6k (178%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Electrical Machinery BY Panama WERE (2021 - 2022):
Jamaica-$423k (-83.6%)
Chile-$248k (-47.6%)
Guatemala-$151k (-14.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Other Electrical Machinery were:
In 2022, Panama's main importing competitors in Other Electrical Machinery were:

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Trade Value of Other Electrical Machinery by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $173k
TOP IMPORT POTENTIALChina+ $4.93M

Other Electrical Machinery’s highest export potential is United States. With an export gap of $173k.   Other Electrical Machinery’s highest import potential is China with an import gap of $4.93M.

See methodology.

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