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.