2023
Exports
$28.2MWorld Rnk 68 / 186
Flag Rnk 20 / 1046
2023
PRODUCT COMPLEXITY IN Raw Sugar
-1.88Rnk 988 / 1025
2023
Imports
$829kWorld Rnk 188 / 225
Flag Rnk 680 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $28.2M in Raw Sugar, making it the 68th largest exporter of Raw Sugar in the world. At the same year, Raw Sugar was the 20th most exported product in Panama. The main destination of Raw Sugar exports from Panama are: United States ($22.9M), Spain ($5.03M), Chile ($135k), Venezuela ($45.3k), and South Korea ($37.3k).

The fastest growing export markets for Raw Sugar of Panama between 2022 and 2023 were Spain ($5.02M), Chile ($135k), and Venezuela ($28.9k).

Imports In 2023, Panama imported $829k in Raw Sugar, becoming the 188th largest importer of Raw Sugar in the world. At the same year, Raw Sugar was the 680th most imported product in Panama. Panama imports Raw Sugar primarily from: United States ($358k), Guatemala ($209k), Colombia ($77.5k), Brazil ($72.6k), and Belize ($23.5k).

The fastest growing import markets in Raw Sugar for Panama between 2022 and 2023 were Colombia ($52k), Brazil ($26.8k), and Greece ($13.9k).

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 Raw Sugar. 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)$28.2M
IMPORTS (2023)$829k
NET TRADE (2023)$27.3M

In 2023, Panama exported $28.2M in Raw Sugar. The main destinations of Panama exports on Raw Sugar were United States ($22.9M), Spain ($5.03M), Chile ($135k), Venezuela ($45.3k), and South Korea ($37.3k).

In 2023, Panama imported $829k in Raw Sugar, mainly from United States ($358k), Guatemala ($209k), Colombia ($77.5k), Brazil ($72.6k), and Belize ($23.5k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Sugar EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Spain$5.02M (964k%)
Chile$135k (1%)
Venezuela$28.9k (176%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Sugar BY Panama WERE (2022 - 2023):
United States-$5.07M (-18.1%)
Montserrat-$49.1k (-100%)
Jamaica-$19.5k (-75%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Raw Sugar were:
Brazil $16.2B
India $3.97B
In 2023, Panama's main importing competitors in Raw Sugar were:

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Trade Value of Raw Sugar by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSpain+ $509k
TOP IMPORT POTENTIALGuatemala+ $192k

Raw Sugar’s highest export potential is Spain. With an export gap of $509k.   Raw Sugar’s highest import potential is Guatemala with an import gap of $192k.

See methodology.

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