2022
Exports
$6.96MWorld Rnk 0 / 0
Flag Rnk 0 / 0
falsefalseN/A
2023
PRODUCT COMPLEXITY IN Soybean Meal
-1.09Rnk 852 / 1025
2022
Imports
$106MWorld Rnk 58 / 175
Flag Rnk 39 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Imports In 2023, Panama imported $106M in Soybean Meal, becoming the 58th largest importer of Soybean Meal in the world. At the same year, Soybean Meal was the 39th most imported product in Panama. Panama imports Soybean Meal primarily from: United States ($106M), Costa Rica ($60.7k), and Turkey ($204).

The fastest growing import markets in Soybean Meal for Panama between 2022 and 2023 were Costa Rica ($24.3k).

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 Soybean Meal. 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)$6.96M
IMPORTS (2023)$106M
NET TRADE (2023)-$106M

In 2023, Panama imported $106M in Soybean Meal, mainly from United States ($106M), Costa Rica ($60.7k), and Turkey ($204).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybean Meal BY Panama WERE (N/A - 2022):
United Kingdom-$6.96M (-100%)
Guatemala-$345 (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Soybean Meal were:
In 2023, Panama's main importing competitors in Soybean Meal were:

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Trade Value of Soybean Meal by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALGuatemala+ $3.91k
TOP IMPORT POTENTIALArgentina+ $2.58M

Soybean Meal’s highest export potential is Guatemala. With an export gap of $3.91k.   Soybean Meal’s highest import potential is Argentina with an import gap of $2.58M.

See methodology.

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