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2023
Exports $1.88MWorld Rnk 71 / 190
Flag Rnk 175 / 1046
falsefalseN/A
2022 - 2023
FASTEST GROWING MARKETfalseBarbados
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $37.3MWorld Rnk 60 / 220
Flag Rnk 110 / 1151
2022 - 2023
FASTEST GROWING ORIGINfalseN/A
2023
ECONOMIC COMPLEXITY of Panama-0.14Rnk 69 / 132

About

The fastest growing export markets for Special Pharmaceuticals of Panama between 2022 and 2023 were Barbados ($90.3k), Chile ($32.7k), and Ecuador ($9.87k).

Imports In 2023, Panama imported $37.3M in Special Pharmaceuticals, becoming the 60th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 110th most imported product in Panama. Panama imports Special Pharmaceuticals primarily from: Germany ($13.2M), Brazil ($7.12M), United States ($4.2M), El Salvador ($2.01M), and Spain ($1.37M).

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 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 (2023)$1.88M
IMPORTS (2023)$37.3M
NET TRADE (2023)-$35.4M

In 2023, Panama imported $37.3M in Special Pharmaceuticals, mainly from Germany ($13.2M), Brazil ($7.12M), United States ($4.2M), El Salvador ($2.01M), and Spain ($1.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Barbados$90.3k (16.6%)
Chile$32.7k (359%)
Ecuador$9.87k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Panama WERE (2022 - 2023):
Dominican Republic-$2.77M (-75%)
Jamaica-$482k (-90.9%)
Bermuda-$135k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, Panama's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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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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