2023
Exports
$241kWorld Rnk 127 / 163
Flag Rnk 409 / 1046
2023
PRODUCT COMPLEXITY IN Petroleum Gas
-2.01Rnk 998 / 1025
2023
Imports
$248MWorld Rnk 78 / 220
Flag Rnk 8 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $241k in Petroleum Gas, making it the 127th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 409th most exported product in Panama. The main destination of Petroleum Gas exports from Panama are: Costa Rica ($208k), North Macedonia ($13.9k), Bahamas ($9.49k), Israel ($5.89k), and Colombia ($3.75k).

The fastest growing export markets for Petroleum Gas of Panama between 2022 and 2023 were North Macedonia ($13.9k), Bahamas ($9.49k), and Israel ($5.89k).

Imports In 2023, Panama imported $248M in Petroleum Gas, becoming the 78th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 8th most imported product in Panama. Panama imports Petroleum Gas primarily from: United States ($247M), France ($465k), Turkey ($83.7k), Italy ($58.5k), and China ($56.2k).

The fastest growing import markets in Petroleum Gas for Panama between 2022 and 2023 were France ($465k), Turkey ($83.4k), and Costa Rica ($22.8k).

Latest Trends

Jan 2025

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 (2023)$241k
IMPORTS (2023)$248M
NET TRADE (2023)-$248M

In 2023, Panama exported $241k in Petroleum Gas. The main destinations of Panama exports on Petroleum Gas were Costa Rica ($208k), North Macedonia ($13.9k), Bahamas ($9.49k), Israel ($5.89k), and Colombia ($3.75k).

In 2023, Panama imported $248M in Petroleum Gas, mainly from United States ($247M), France ($465k), Turkey ($83.7k), Italy ($58.5k), and China ($56.2k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Panama WERE (2022 - 2023):
North Macedonia$13.9k (1%)
Bahamas$9.49k (1%)
Israel$5.89k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Panama WERE (2022 - 2023):
South Korea-$66.9M (-100%)
Belgium-$3.56M (-100%)
Ghana-$1.75M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Petroleum Gas were:
In 2023, Panama's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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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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