2022
Exports
$469kWorld Rnk 43 / 168
Flag Rnk 338 / 1051
2022
PRODUCT COMPLEXITY IN String Instruments
0.51Rnk 362 / 1025
2022
Imports
$2MWorld Rnk 55 / 209
Flag Rnk 551 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $469k in String Instruments, making it the 43rd largest exporter of String Instruments in the world. At the same year, String Instruments was the 338th most exported product in Panama. The main destination of String Instruments exports from Panama are: Chile ($426k), France ($19.4k), Jamaica ($7.46k), Belize ($7.07k), and Aruba ($3.92k).

The fastest growing export markets for String Instruments of Panama between 2021 and 2022 were France ($12k), Jamaica ($7.46k), and Belize ($2.78k).

Imports In 2022, Panama imported $2M in String Instruments, becoming the 55th largest importer of String Instruments in the world. At the same year, String Instruments was the 551st most imported product in Panama. Panama imports String Instruments primarily from: Indonesia ($998k), China ($590k), Malaysia ($277k), United States ($73.1k), and Hong Kong ($22.6k).

The fastest growing import markets in String Instruments for Panama between 2021 and 2022 were China ($326k), United States ($32.1k), and Hong Kong ($22.6k).

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 String Instruments. 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)$469k
IMPORTS (2022)$2M
NET TRADE (2022)-$1.53M

In 2022, Panama exported $469k in String Instruments. The main destinations of Panama exports on String Instruments were Chile ($426k), France ($19.4k), Jamaica ($7.46k), Belize ($7.07k), and Aruba ($3.92k).

In 2022, Panama imported $2M in String Instruments, mainly from Indonesia ($998k), China ($590k), Malaysia ($277k), United States ($73.1k), and Hong Kong ($22.6k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Panama WERE (2021 - 2022):
France$12k (164%)
Jamaica$7.46k (1%)
Belize$2.78k (64.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Panama WERE (2021 - 2022):
Chile-$63.5k (-13%)
Guatemala-$61.6k (-95.8%)
Costa Rica-$1.02k (-88.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in String Instruments were:
In 2022, Panama's main importing competitors in String Instruments were:

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Trade Value of String Instruments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $16.6k
TOP IMPORT POTENTIALChina+ $139k

String Instruments’s highest export potential is France. With an export gap of $16.6k.   String Instruments’s highest import potential is China with an import gap of $139k.

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