2022
Exports
$68kWorld Rnk 86 / 146
Flag Rnk 592 / 1051
2022
PRODUCT COMPLEXITY IN Petroleum Jelly
-0.22Rnk 621 / 1025
2022
Imports
$2.59MWorld Rnk 95 / 209
Flag Rnk 511 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $68k in Petroleum Jelly, making it the 86th largest exporter of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 592nd most exported product in Panama. The main destination of Petroleum Jelly exports from Panama are: Dominican Republic ($63k), Costa Rica ($2.71k), Barbados ($1.16k), Guatemala ($812), and Aruba ($216).

The fastest growing export markets for Petroleum Jelly of Panama between 2021 and 2022 were Dominican Republic ($63k), Costa Rica ($2.71k), and Guatemala ($771).

Imports In 2022, Panama imported $2.59M in Petroleum Jelly, becoming the 95th largest importer of Petroleum Jelly in the world. At the same year, Petroleum Jelly was the 511th most imported product in Panama. Panama imports Petroleum Jelly primarily from: China ($1.13M), South Africa ($478k), United States ($415k), Mexico ($340k), and India ($149k).

The fastest growing import markets in Petroleum Jelly for Panama between 2021 and 2022 were China ($626k), South Africa ($478k), and Mexico ($330k).

Latest Trends

Oct 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 Jelly. 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)$68k
IMPORTS (2022)$2.59M
NET TRADE (2022)-$2.52M

In 2022, Panama exported $68k in Petroleum Jelly. The main destinations of Panama exports on Petroleum Jelly were Dominican Republic ($63k), Costa Rica ($2.71k), Barbados ($1.16k), Guatemala ($812), and Aruba ($216).

In 2022, Panama imported $2.59M in Petroleum Jelly, mainly from China ($1.13M), South Africa ($478k), United States ($415k), Mexico ($340k), and India ($149k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Jelly EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Costa Rica$2.71k (1%)
Guatemala$771 (1.88k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Jelly BY Panama WERE (2021 - 2022):
Aruba-$642 (-74.8%)
Grenada-$136 (-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 Jelly were:
In 2022, Panama's main importing competitors in Petroleum Jelly were:

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Trade Value of Petroleum Jelly by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $1.32k
TOP IMPORT POTENTIALChina+ $322k

Petroleum Jelly’s highest export potential is Costa Rica. With an export gap of $1.32k.   Petroleum Jelly’s highest import potential is China with an import gap of $322k.

See methodology.

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