2023
Exports
$134kWorld Rnk 122 / 190
Flag Rnk 480 / 1046
2023
PRODUCT COMPLEXITY IN Packing Bags
-1.73Rnk 976 / 1025
2023
Imports
$5.12MWorld Rnk 116 / 222
Flag Rnk 368 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $134k in Packing Bags, making it the 122nd largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 480th most exported product in Panama. The main destination of Packing Bags exports from Panama are: Dominican Republic ($34.7k), Spain ($33.9k), Aruba ($11.5k), Guatemala ($8.21k), and United States ($7.8k).

The fastest growing export markets for Packing Bags of Panama between 2022 and 2023 were Spain ($33.7k), Dominican Republic ($31.3k), and Aruba ($11.5k).

Imports In 2018, Panama imported $5.12M in Packing Bags, becoming the 116th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 368th most imported product in Panama. Panama imports Packing Bags primarily from: China ($2.7M), Guatemala ($1.42M), India ($239k), Colombia ($235k), and United States ($209k).

The fastest growing import markets in Packing Bags for Panama between 2022 and 2023 were Guatemala ($489k), Nicaragua ($59.9k), and India ($28.9k).

Latest Trends

Dec 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 Packing Bags. 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)$134k
IMPORTS (2023)$5.12M
NET TRADE (2023)-$4.99M

In 2023, Panama exported $134k in Packing Bags. The main destinations of Panama exports on Packing Bags were Dominican Republic ($34.7k), Spain ($33.9k), Aruba ($11.5k), Guatemala ($8.21k), and United States ($7.8k).

In 2023, Panama imported $5.12M in Packing Bags, mainly from China ($2.7M), Guatemala ($1.42M), India ($239k), Colombia ($235k), and United States ($209k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Spain$33.7k (14k%)
Dominican Republic$31.3k (917%)
Aruba$11.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Panama WERE (2022 - 2023):
Costa Rica-$1.11M (-99.5%)
Germany-$55.9k (-100%)
United States-$30.8k (-79.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
In 2023, Panama's main importing competitors in Packing Bags were:

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $112k
TOP IMPORT POTENTIALIndia+ $248k

Packing Bags’s highest export potential is United States. With an export gap of $112k.   Packing Bags’s highest import potential is India with an import gap of $248k.

See methodology.

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