2022
Exports
$51.4MWorld Rnk 35 / 149
Flag Rnk 15 / 1051
2022
PRODUCT COMPLEXITY IN Palm Oil
-2.31Rnk 1012 / 1025
2022
Imports
$11.3MWorld Rnk 124 / 208
Flag Rnk 283 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $51.4M in Palm Oil, making it the 35th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 15th most exported product in Panama. The main destination of Palm Oil exports from Panama are: Mexico ($30.3M), Netherlands ($8.69M), Morocco ($3.37M), Switzerland ($2.83M), and Costa Rica ($1.86M).

The fastest growing export markets for Palm Oil of Panama between 2021 and 2022 were Netherlands ($4.84M), Morocco ($3.37M), and Switzerland ($2.83M).

Imports In 2022, Panama imported $11.3M in Palm Oil, becoming the 124th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 283rd most imported product in Panama. Panama imports Palm Oil primarily from: Colombia ($5.4M), Ecuador ($3.2M), Indonesia ($1.2M), Malaysia ($1.19M), and Costa Rica ($150k).

The fastest growing import markets in Palm Oil for Panama between 2021 and 2022 were Colombia ($5.39M), Ecuador ($2.41M), and Indonesia ($962k).

COMPANIES In 2023, leading companies such as Chevron (72) were at the forefront of shipping Palm Oil from Panama to the United States.

Latest Trends

Sep 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 Palm Oil. 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)$51.4M
IMPORTS (2022)$11.3M
NET TRADE (2022)$40.1M

In 2022, Panama exported $51.4M in Palm Oil. The main destinations of Panama exports on Palm Oil were Mexico ($30.3M), Netherlands ($8.69M), Morocco ($3.37M), Switzerland ($2.83M), and Costa Rica ($1.86M).

In 2022, Panama imported $11.3M in Palm Oil, mainly from Colombia ($5.4M), Ecuador ($3.2M), Indonesia ($1.2M), Malaysia ($1.19M), and Costa Rica ($150k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Netherlands$4.84M (126%)
Morocco$3.37M (1%)
Switzerland$2.83M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Panama WERE (2021 - 2022):
Costa Rica-$4.11M (-68.8%)
Colombia-$2.62M (-100%)
Guatemala-$1.19M (-61%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Palm Oil were:
In 2022, Panama's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $2.47M
TOP IMPORT POTENTIALColombia+ $2.28M

Palm Oil’s highest export potential is United States. With an export gap of $2.47M.   Palm Oil’s highest import potential is Colombia with an import gap of $2.28M.

See methodology.

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