2022
Exports
$21kWorld Rnk 154 / 189
Flag Rnk 727 / 1051
2022
PRODUCT COMPLEXITY IN Perfume Plants
-1.82Rnk 983 / 1025
2022
Imports
$1.57MWorld Rnk 104 / 213
Flag Rnk 595 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $21k in Perfume Plants, making it the 154th largest exporter of Perfume Plants in the world. At the same year, Perfume Plants was the 727th most exported product in Panama. The main destination of Perfume Plants exports from Panama are: United States ($11.6k), Guatemala ($9.39k), and Bahamas ($8).

The fastest growing export markets for Perfume Plants of Panama between 2021 and 2022 were Guatemala ($9.39k), United States ($9.06k), and Bahamas ($8).

Imports In 2022, Panama imported $1.57M in Perfume Plants, becoming the 104th largest importer of Perfume Plants in the world. At the same year, Perfume Plants was the 595th most imported product in Panama. Panama imports Perfume Plants primarily from: Colombia ($507k), Peru ($351k), India ($136k), Chile ($134k), and Mexico ($114k).

The fastest growing import markets in Perfume Plants for Panama between 2021 and 2022 were India ($130k), Spain ($67.9k), and Turkey ($49k).

Latest Trends

Sep 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 Perfume Plants. 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)$21k
IMPORTS (2022)$1.57M
NET TRADE (2022)-$1.55M

In 2022, Panama exported $21k in Perfume Plants. The main destinations of Panama exports on Perfume Plants were United States ($11.6k), Guatemala ($9.39k), and Bahamas ($8).

In 2022, Panama imported $1.57M in Perfume Plants, mainly from Colombia ($507k), Peru ($351k), India ($136k), Chile ($134k), and Mexico ($114k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Perfume Plants EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Guatemala$9.39k (1%)
United States$9.06k (362%)
Bahamas$8 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Perfume Plants BY Panama WERE (2021 - 2022):
Aruba-$15.4k (-100%)
Jamaica-$2.02k (-100%)
Switzerland-$1.36k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Perfume Plants were:
In 2022, Panama's main importing competitors in Perfume Plants were:

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Trade Value of Perfume Plants by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $19.8k
TOP IMPORT POTENTIALColombia+ $189k

Perfume Plants’s highest export potential is United States. With an export gap of $19.8k.   Perfume Plants’s highest import potential is Colombia with an import gap of $189k.

See methodology.

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