2023
Exports
$293kWorld Rnk 71 / 129
Flag Rnk 380 / 1046
2023
PRODUCT COMPLEXITY IN Oxygen Heterocyclic Compounds
0.97Rnk 185 / 1025
2023
Imports
$709kWorld Rnk 103 / 192
Flag Rnk 704 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $293k in Oxygen Heterocyclic Compounds, making it the 71st largest exporter of Oxygen Heterocyclic Compounds in the world. At the same year, Oxygen Heterocyclic Compounds was the 380th most exported product in Panama. The main destination of Oxygen Heterocyclic Compounds exports from Panama are: United States ($293k) and Guatemala ($269).

The fastest growing export markets for Oxygen Heterocyclic Compounds of Panama between 2022 and 2023 were United States ($5.04k) and Guatemala ($114).

Imports In 2023, Panama imported $709k in Oxygen Heterocyclic Compounds, becoming the 103rd largest importer of Oxygen Heterocyclic Compounds in the world. At the same year, Oxygen Heterocyclic Compounds was the 704th most imported product in Panama. Panama imports Oxygen Heterocyclic Compounds primarily from: China ($375k), United States ($155k), Costa Rica ($51.4k), Spain ($33k), and India ($29.1k).

The fastest growing import markets in Oxygen Heterocyclic Compounds for Panama between 2022 and 2023 were United States ($101k), Spain ($18.6k), and Senegal ($18.2k).

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 Oxygen Heterocyclic Compounds. 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)$293k
IMPORTS (2023)$709k
NET TRADE (2023)-$415k

In 2023, Panama exported $293k in Oxygen Heterocyclic Compounds. The main destinations of Panama exports on Oxygen Heterocyclic Compounds were United States ($293k) and Guatemala ($269).

In 2023, Panama imported $709k in Oxygen Heterocyclic Compounds, mainly from China ($375k), United States ($155k), Costa Rica ($51.4k), Spain ($33k), and India ($29.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Oxygen Heterocyclic Compounds EXPORT MARKETS FOR Panama WERE (2022 - 2023):
United States$5.04k (1.75%)
Guatemala$114 (73.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oxygen Heterocyclic Compounds BY Panama WERE (2022 - 2023):Singapore-$5 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Oxygen Heterocyclic Compounds were:
China $2.78B
Germany $2.11B
Italy $718M
In 2023, Panama's main importing competitors in Oxygen Heterocyclic Compounds were:

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Trade Value of Oxygen Heterocyclic Compounds by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $204k
TOP IMPORT POTENTIALChina+ $446k

Oxygen Heterocyclic Compounds’s highest export potential is United States. With an export gap of $204k.   Oxygen Heterocyclic Compounds’s highest import potential is China with an import gap of $446k.

See methodology.

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