2023
Exports
$2.84MWorld Rnk 52 / 108
Flag Rnk 135 / 1046
2023
PRODUCT COMPLEXITY IN Other Sea Vessels
-0.41Rnk 668 / 1025
2023
Imports
$18MWorld Rnk 39 / 186
Flag Rnk 188 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $2.84M in Other Sea Vessels, making it the 52nd largest exporter of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 135th most exported product in Panama. The main destination of Other Sea Vessels exports from Panama are: Thailand ($2.35M), Nigeria ($485k), Spain ($1.85k), and Latvia ($505).

The fastest growing export markets for Other Sea Vessels of Panama between 2022 and 2023 were Thailand ($2.35M), Nigeria ($485k), and Spain ($1.85k).

Imports In 2023, Panama imported $18M in Other Sea Vessels, becoming the 39th largest importer of Other Sea Vessels in the world. At the same year, Other Sea Vessels was the 188th most imported product in Panama. Panama imports Other Sea Vessels primarily from: Angola ($11M), United States ($6.76M), China ($120k), Japan ($67.6k), and Italy ($41.4k).

The fastest growing import markets in Other Sea Vessels for Panama between 2022 and 2023 were United States ($6.45M), Japan ($37.2k), and Denmark ($705).

Latest Trends

Dec 2024

Subnational Monthly Trade

View
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 Sea Vessels. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$2.84M
IMPORTS (2023)$18M
NET TRADE (2023)-$15.2M

In 2023, Panama exported $2.84M in Other Sea Vessels. The main destinations of Panama exports on Other Sea Vessels were Thailand ($2.35M), Nigeria ($485k), Spain ($1.85k), and Latvia ($505).

In 2023, Panama imported $18M in Other Sea Vessels, mainly from Angola ($11M), United States ($6.76M), China ($120k), Japan ($67.6k), and Italy ($41.4k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Other Sea Vessels EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Thailand$2.35M (1%)
Nigeria$485k (1%)
Spain$1.85k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Sea Vessels BY Panama WERE (2022 - 2023):Norway-$24.7k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Panama's main exporting competitors in Other Sea Vessels were:
In 2023, Panama's main importing competitors in Other Sea Vessels were:

Explore Visualizations

Trade Value of Other Sea Vessels by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNorway+ $6.71k
TOP IMPORT POTENTIALChina+ $69.7k

Other Sea Vessels’s highest export potential is Norway. With an export gap of $6.71k.   Other Sea Vessels’s highest import potential is China with an import gap of $69.7k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with