2022
Exports
$61.7MWorld Rnk 82 / 160
Flag Rnk 12 / 1051
2022
PRODUCT COMPLEXITY IN Petroleum Gas
-1.98Rnk 1000 / 1025
2022
Imports
$275MWorld Rnk 74 / 222
Flag Rnk 13 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $61.7M in Petroleum Gas, making it the 82nd largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 12th most exported product in Panama. The main destination of Petroleum Gas exports from Panama are: South Korea ($58M), Belgium ($3.1M), Costa Rica ($563k), Ecuador ($72.6k), and Trinidad and Tobago ($16.7k).

The fastest growing export markets for Petroleum Gas of Panama between 2021 and 2022 were South Korea ($58M), Belgium ($3.1M), and Costa Rica ($168k).

Imports In 2022, Panama imported $275M in Petroleum Gas, becoming the 74th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 13th most imported product in Panama. Panama imports Petroleum Gas primarily from: United States ($265M), Trinidad and Tobago ($9.25M), China ($115k), Italy ($78.9k), and South Korea ($43k).

The fastest growing import markets in Petroleum Gas for Panama between 2021 and 2022 were United States ($161M), Trinidad and Tobago ($8.11M), and South Korea ($43k).

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 Petroleum Gas. 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)$61.7M
IMPORTS (2022)$275M
NET TRADE (2022)-$213M

In 2022, Panama exported $61.7M in Petroleum Gas. The main destinations of Panama exports on Petroleum Gas were South Korea ($58M), Belgium ($3.1M), Costa Rica ($563k), Ecuador ($72.6k), and Trinidad and Tobago ($16.7k).

In 2022, Panama imported $275M in Petroleum Gas, mainly from United States ($265M), Trinidad and Tobago ($9.25M), China ($115k), Italy ($78.9k), and South Korea ($43k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Panama WERE (2021 - 2022):
South Korea$58M (1%)
Belgium$3.1M (1%)
Costa Rica$168k (42.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Panama WERE (2021 - 2022):
Egypt-$4.75M (-100%)
Dominica-$115k (-100%)
Colombia-$3.55k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Petroleum Gas were:
In 2022, Panama's main importing competitors in Petroleum Gas were:
China $72.7B
Italy $67.6B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALBelgium+ $3.62M
TOP IMPORT POTENTIALUnited States+ $33.8M

Petroleum Gas’s highest export potential is Belgium. With an export gap of $3.62M.   Petroleum Gas’s highest import potential is United States with an import gap of $33.8M.

See methodology.

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