2018
Exports
$44.5kWorld Rnk 127 / 184
Flag Rnk 640 / 1051
2022
PRODUCT COMPLEXITY IN Salt
-1.11Rnk 857 / 1025
2018
Imports
$2.38MWorld Rnk 107 / 222
Flag Rnk 527 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2018, Panama exported $44.5k in Salt, making it the 127th largest exporter of Salt in the world. At the same year, Salt was the 640th most exported product in Panama. The main destination of Salt exports from Panama are: Haiti ($31.1k), Ireland ($4.76k), Germany ($3.81k), Norway ($1.28k), and Guatemala ($701).

The fastest growing export markets for Salt of Panama between 2021 and 2022 were Haiti ($31.1k), Ireland ($4.72k), and Germany ($3.81k).

Imports In 2022, Panama imported $2.38M in Salt, becoming the 107th largest importer of Salt in the world. At the same year, Salt was the 527th most imported product in Panama. Panama imports Salt primarily from: United States ($796k), Netherlands ($394k), Chile ($375k), Colombia ($332k), and Dominican Republic ($193k).

The fastest growing import markets in Salt for Panama between 2021 and 2022 were United States ($392k), Chile ($165k), and Colombia ($60.9k).

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 Salt. 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)$44.5k
IMPORTS (2022)$2.38M
NET TRADE (2022)-$2.34M

In 2022, Panama exported $44.5k in Salt. The main destinations of Panama exports on Salt were Haiti ($31.1k), Ireland ($4.76k), Germany ($3.81k), Norway ($1.28k), and Guatemala ($701).

In 2022, Panama imported $2.38M in Salt, mainly from United States ($796k), Netherlands ($394k), Chile ($375k), Colombia ($332k), and Dominican Republic ($193k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Salt EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Haiti$31.1k (1%)
Ireland$4.72k (11.2k%)
Germany$3.81k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Salt BY Panama WERE (2021 - 2022):
Colombia-$31.4k (-100%)
Honduras-$11.7k (-100%)
Spain-$2.98k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Salt by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $7.88k
TOP IMPORT POTENTIALChile+ $76k

Salt’s highest export potential is Germany. With an export gap of $7.88k.   Salt’s highest import potential is Chile with an import gap of $76k.

See methodology.

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