2023
Exports
$3.46MWorld Rnk 87 / 176
Flag Rnk 116 / 1046
2023
PRODUCT COMPLEXITY IN Processed Fish
-1.39Rnk 925 / 1025
2023
Imports
$47MWorld Rnk 61 / 224
Flag Rnk 90 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $3.46M in Processed Fish, making it the 87th largest exporter of Processed Fish in the world. At the same year, Processed Fish was the 116th most exported product in Panama. The main destination of Processed Fish exports from Panama are: Dominican Republic ($1.44M), Costa Rica ($666k), Colombia ($281k), Antigua and Barbuda ($271k), and El Salvador ($264k).

The fastest growing export markets for Processed Fish of Panama between 2022 and 2023 were Dominican Republic ($722k), United States ($65k), and Antigua and Barbuda ($53.2k).

Imports In 2023, Panama imported $47M in Processed Fish, becoming the 61st largest importer of Processed Fish in the world. At the same year, Processed Fish was the 90th most imported product in Panama. Panama imports Processed Fish primarily from: Thailand ($12.4M), Costa Rica ($8.66M), China ($7.6M), El Salvador ($6.93M), and Ecuador ($3.68M).

The fastest growing import markets in Processed Fish for Panama between 2022 and 2023 were China ($1.89M), Costa Rica ($369k), and Chile ($218k).

COMPANIES In 2024, leading companies such as Goya Foods (2) were at the forefront of shipping Processed Fish from Panama to the United States.

Latest Trends

Dec 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 Processed Fish. 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)$3.46M
IMPORTS (2023)$47M
NET TRADE (2023)-$43.6M

In 2023, Panama exported $3.46M in Processed Fish. The main destinations of Panama exports on Processed Fish were Dominican Republic ($1.44M), Costa Rica ($666k), Colombia ($281k), Antigua and Barbuda ($271k), and El Salvador ($264k).

In 2023, Panama imported $47M in Processed Fish, mainly from Thailand ($12.4M), Costa Rica ($8.66M), China ($7.6M), El Salvador ($6.93M), and Ecuador ($3.68M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Fish EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Dominican Republic$722k (101%)
United States$65k (125%)
Antigua and Barbuda$53.2k (24.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Fish BY Panama WERE (2022 - 2023):
Honduras-$659k (-96.9%)
Nicaragua-$232k (-96.9%)
Costa Rica-$227k (-25.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Processed Fish were:
In 2023, Panama's main importing competitors in Processed Fish were:

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Trade Value of Processed Fish by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $455k
TOP IMPORT POTENTIALChina+ $2.33M

Processed Fish’s highest export potential is United States. With an export gap of $455k.   Processed Fish’s highest import potential is China with an import gap of $2.33M.

See methodology.

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