2022
Exports
$2.49MWorld Rnk 72 / 142
Flag Rnk 160 / 1051
2022
PRODUCT COMPLEXITY IN Raw Tobacco
-1.72Rnk 974 / 1025
2022
Imports
$187kWorld Rnk 138 / 179
Flag Rnk 893 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $2.49M in Raw Tobacco, making it the 72nd largest exporter of Raw Tobacco in the world. At the same year, Raw Tobacco was the 160th most exported product in Panama. The main destination of Raw Tobacco exports from Panama are: Honduras ($1.7M), United States ($754k), Brazil ($29.4k), Bahamas ($2.41k), and Belize ($1.14k).

The fastest growing export markets for Raw Tobacco of Panama between 2021 and 2022 were Honduras ($973k), United States ($707k), and Belize ($1.14k).

Imports In 2022, Panama imported $187k in Raw Tobacco, becoming the 138th largest importer of Raw Tobacco in the world. At the same year, Raw Tobacco was the 893rd most imported product in Panama. Panama imports Raw Tobacco primarily from: Italy ($104k), Nicaragua ($58.3k), and Dominican Republic ($25.5k).

The fastest growing import markets in Raw Tobacco for Panama between 2021 and 2022 were Italy ($104k), Nicaragua ($37.5k), and Dominican Republic ($25.5k).

Latest Trends

Sep 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 Raw 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 (2022)$2.49M
IMPORTS (2022)$187k
NET TRADE (2022)$2.3M

In 2022, Panama exported $2.49M in Raw Tobacco. The main destinations of Panama exports on Raw Tobacco were Honduras ($1.7M), United States ($754k), Brazil ($29.4k), Bahamas ($2.41k), and Belize ($1.14k).

In 2022, Panama imported $187k in Raw Tobacco, mainly from Italy ($104k), Nicaragua ($58.3k), and Dominican Republic ($25.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Tobacco EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Honduras$973k (134%)
United States$707k (1.5k%)
Belize$1.14k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Tobacco BY Panama WERE (2021 - 2022):
Argentina-$6.9k (-100%)
Bahamas-$4.52k (-65.2%)
Brazil-$2.81k (-8.71%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Raw Tobacco were:
In 2022, Panama's main importing competitors in Raw Tobacco were:

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Trade Value of Raw Tobacco by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $529k
TOP IMPORT POTENTIALItaly+ $16.4k

Raw Tobacco’s highest export potential is United States. With an export gap of $529k.   Raw Tobacco’s highest import potential is Italy with an import gap of $16.4k.

See methodology.

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