2022
Exports
$5.61MWorld Rnk 57 / 199
Flag Rnk 96 / 1051
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals
0.61Rnk 321 / 1025
2022
Imports
$59MWorld Rnk 43 / 220
Flag Rnk 93 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $5.61M in Special Pharmaceuticals, making it the 57th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 96th most exported product in Panama. The main destination of Special Pharmaceuticals exports from Panama are: Dominican Republic ($3.69M), Barbados ($543k), Jamaica ($530k), Guatemala ($194k), and Bermuda ($135k).

The fastest growing export markets for Special Pharmaceuticals of Panama between 2021 and 2022 were Jamaica ($151k), Bermuda ($135k), and Bahamas ($113k).

Imports In 2022, Panama imported $59M in Special Pharmaceuticals, becoming the 43rd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 93rd most imported product in Panama. Panama imports Special Pharmaceuticals primarily from: Germany ($26.7M), Brazil ($8.84M), United States ($8.13M), Belgium ($2.08M), and China ($2.06M).

The fastest growing import markets in Special Pharmaceuticals for Panama between 2021 and 2022 were Germany ($16.3M), Brazil ($3.01M), and United States ($1.66M).

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 Special Pharmaceuticals. 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)$5.61M
IMPORTS (2022)$59M
NET TRADE (2022)-$53.4M

In 2022, Panama exported $5.61M in Special Pharmaceuticals. The main destinations of Panama exports on Special Pharmaceuticals were Dominican Republic ($3.69M), Barbados ($543k), Jamaica ($530k), Guatemala ($194k), and Bermuda ($135k).

In 2022, Panama imported $59M in Special Pharmaceuticals, mainly from Germany ($26.7M), Brazil ($8.84M), United States ($8.13M), Belgium ($2.08M), and China ($2.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Jamaica$151k (39.7%)
Bermuda$135k (1%)
Bahamas$113k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Panama WERE (2021 - 2022):
Guatemala-$3.14M (-94.2%)
Dominican Republic-$2.56M (-40.9%)
Costa Rica-$135k (-50.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALCosta Rica+ $62.8k
TOP IMPORT POTENTIALUnited States+ $1.94M

Special Pharmaceuticals’s highest export potential is Costa Rica. With an export gap of $62.8k.   Special Pharmaceuticals’s highest import potential is United States with an import gap of $1.94M.

See methodology.

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