2023
Exports
$20.5kWorld Rnk 116 / 146
Flag Rnk 706 / 1046
2023
PRODUCT COMPLEXITY IN Processed Tobacco
-0.78Rnk 777 / 1025
2023
Imports
$4.23MWorld Rnk 112 / 214
Flag Rnk 414 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $20.5k in Processed Tobacco, making it the 116th largest exporter of Processed Tobacco in the world. At the same year, Processed Tobacco was the 706th most exported product in Panama. The main destination of Processed Tobacco exports from Panama are: Brazil ($16.1k) and Costa Rica ($4.45k).

The fastest growing export markets for Processed Tobacco of Panama between 2022 and 2023 were Costa Rica ($4.45k) and Brazil ($3.64k).

Imports In 2023, Panama imported $4.23M in Processed Tobacco, becoming the 112th largest importer of Processed Tobacco in the world. At the same year, Processed Tobacco was the 414th most imported product in Panama. Panama imports Processed Tobacco primarily from: Dominican Republic ($3.32M), United States ($328k), Sweden ($171k), United Arab Emirates ($130k), and Turkey ($127k).

The fastest growing import markets in Processed Tobacco for Panama between 2022 and 2023 were Dominican Republic ($463k), Sweden ($171k), and Nicaragua ($18.9k).

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 Tobacco. 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)$20.5k
IMPORTS (2023)$4.23M
NET TRADE (2023)-$4.21M

In 2023, Panama exported $20.5k in Processed Tobacco. The main destinations of Panama exports on Processed Tobacco were Brazil ($16.1k) and Costa Rica ($4.45k).

In 2023, Panama imported $4.23M in Processed Tobacco, mainly from Dominican Republic ($3.32M), United States ($328k), Sweden ($171k), United Arab Emirates ($130k), and Turkey ($127k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Processed Tobacco EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Costa Rica$4.45k (1%)
Brazil$3.64k (29.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Processed Tobacco BY Panama WERE (2022 - 2023):
India-$6.38k (-100%)
Australia-$5.02k (-100%)
Peru-$2.44k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Processed Tobacco were:
Italy $1.97B
Romania $1.35B
Germany $1.26B
In 2023, Panama's main importing competitors in Processed Tobacco were:

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Trade Value of Processed Tobacco by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $6.19k
TOP IMPORT POTENTIALNetherlands+ $69.6k

Processed Tobacco’s highest export potential is India. With an export gap of $6.19k.   Processed Tobacco’s highest import potential is Netherlands with an import gap of $69.6k.

See methodology.

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