2022
Exports
$195MWorld Rnk 21 / 101
Flag Rnk 3 / 1051
2022
PRODUCT COMPLEXITY IN Special Purpose Ships
-1.27Rnk 902 / 1025
2022
Imports
$368MWorld Rnk 19 / 174
Flag Rnk 9 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $195M in Special Purpose Ships, making it the 21st largest exporter of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 3rd most exported product in Panama. The main destination of Special Purpose Ships exports from Panama are: Thailand ($195M).

The fastest growing export markets for Special Purpose Ships of Panama between 2021 and 2022 were Thailand ($110M).

Imports In 2022, Panama imported $368M in Special Purpose Ships, becoming the 19th largest importer of Special Purpose Ships in the world. At the same year, Special Purpose Ships was the 9th most imported product in Panama. Panama imports Special Purpose Ships primarily from: South Korea ($346M), China ($21.6M), United States ($453k), Spain ($106k), and Colombia ($6.2k).

The fastest growing import markets in Special Purpose Ships for Panama between 2021 and 2022 were South Korea ($346M), China ($21.6M), and United States ($318k).

Latest Trends

Aug 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 Purpose Ships. 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)$195M
IMPORTS (2022)$368M
NET TRADE (2022)-$174M

In 2022, Panama exported $195M in Special Purpose Ships. The main destinations of Panama exports on Special Purpose Ships were Thailand ($195M).

In 2022, Panama imported $368M in Special Purpose Ships, mainly from South Korea ($346M), China ($21.6M), United States ($453k), Spain ($106k), and Colombia ($6.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Purpose Ships EXPORT MARKETS FOR Panama WERE (2021 - 2022):Thailand$110M (130%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Purpose Ships BY Panama WERE (2021 - 2022):
United States-$2.86k (-100%)
Guatemala-$268 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Special Purpose Ships by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALIndia+ $5k
TOP IMPORT POTENTIALChina+ $5.93M

Special Purpose Ships’s highest export potential is India. With an export gap of $5k.   Special Purpose Ships’s highest import potential is China with an import gap of $5.93M.

See methodology.

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