2022
Exports
$1.65MWorld Rnk 73 / 152
Flag Rnk 195 / 1051
2022
PRODUCT COMPLEXITY IN Seed Oils
-0.99Rnk 836 / 1025
2022
Imports
$3.81MWorld Rnk 129 / 211
Flag Rnk 459 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $1.65M in Seed Oils, making it the 73rd largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 195th most exported product in Panama. The main destination of Seed Oils exports from Panama are: Germany ($1.65M), Turkey ($163), and Guatemala ($120).

The fastest growing export markets for Seed Oils of Panama between 2021 and 2022 were Guatemala ($120).

Imports In 2018, Panama imported $3.81M in Seed Oils, becoming the 129th largest importer of Seed Oils in the world. At the same year, Seed Oils was the 459th most imported product in Panama. Panama imports Seed Oils primarily from: Argentina ($1.53M), Costa Rica ($1.17M), Guatemala ($379k), Turkey ($368k), and Ecuador ($126k).

The fastest growing import markets in Seed Oils for Panama between 2021 and 2022 were Costa Rica ($398k), Turkey ($180k), and Ecuador ($126k).

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 Seed Oils. 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)$1.65M
IMPORTS (2022)$3.81M
NET TRADE (2022)-$2.16M

In 2022, Panama exported $1.65M in Seed Oils. The main destinations of Panama exports on Seed Oils were Germany ($1.65M), Turkey ($163), and Guatemala ($120).

In 2022, Panama imported $3.81M in Seed Oils, mainly from Argentina ($1.53M), Costa Rica ($1.17M), Guatemala ($379k), Turkey ($368k), and Ecuador ($126k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR Panama WERE (2021 - 2022):Guatemala$120 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY Panama WERE (2021 - 2022):
Germany-$797k (-32.6%)
Spain-$145k (-100%)
Costa Rica-$138k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Seed Oils were:
Ukraine $5.54B
Russia $3.01B
Turkey $1.88B
In 2022, Panama's main importing competitors in Seed Oils were:

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $80.6k
TOP IMPORT POTENTIALArgentina+ $340k

Seed Oils’s highest export potential is Germany. With an export gap of $80.6k.   Seed Oils’s highest import potential is Argentina with an import gap of $340k.

See methodology.

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