2022
Exports
$2.23MWorld Rnk 72 / 213
Flag Rnk 166 / 1051
2022
PRODUCT COMPLEXITY IN Semiconductor Devices
1.09Rnk 140 / 1025
2022
Imports
$57MWorld Rnk 74 / 221
Flag Rnk 98 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $2.23M in Semiconductor Devices, making it the 72nd largest exporter of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 166th most exported product in Panama. The main destination of Semiconductor Devices exports from Panama are: Ecuador ($609k), Costa Rica ($602k), Aruba ($403k), Bermuda ($225k), and Jamaica ($176k).

The fastest growing export markets for Semiconductor Devices of Panama between 2021 and 2022 were Ecuador ($514k), Aruba ($324k), and Costa Rica ($266k).

Imports In 2022, Panama imported $57M in Semiconductor Devices, becoming the 74th largest importer of Semiconductor Devices in the world. At the same year, Semiconductor Devices was the 98th most imported product in Panama. Panama imports Semiconductor Devices primarily from: China ($54.5M), Australia ($616k), United States ($586k), Spain ($512k), and Malaysia ($227k).

The fastest growing import markets in Semiconductor Devices for Panama between 2021 and 2022 were China ($29.3M), Australia ($616k), and Spain ($271k).

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 Semiconductor Devices. 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)$2.23M
IMPORTS (2022)$57M
NET TRADE (2022)-$54.8M

In 2022, Panama exported $2.23M in Semiconductor Devices. The main destinations of Panama exports on Semiconductor Devices were Ecuador ($609k), Costa Rica ($602k), Aruba ($403k), Bermuda ($225k), and Jamaica ($176k).

In 2022, Panama imported $57M in Semiconductor Devices, mainly from China ($54.5M), Australia ($616k), United States ($586k), Spain ($512k), and Malaysia ($227k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Semiconductor Devices EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Ecuador$514k (541%)
Aruba$324k (411%)
Costa Rica$266k (79.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Semiconductor Devices BY Panama WERE (2021 - 2022):
Dominican Republic-$1.82M (-100%)
Guatemala-$264k (-93.6%)
Jamaica-$181k (-50.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Semiconductor Devices were:
China $70.2B
Japan $9.88B
In 2022, Panama's main importing competitors in Semiconductor Devices were:

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Trade Value of Semiconductor Devices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $252k
TOP IMPORT POTENTIALChina+ $8.92M

Semiconductor Devices’s highest export potential is United States. With an export gap of $252k.   Semiconductor Devices’s highest import potential is China with an import gap of $8.92M.

See methodology.

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