2023
Exports
$320kWorld Rnk 44 / 169
Flag Rnk 372 / 1046
2023
PRODUCT COMPLEXITY IN String Instruments
0.42Rnk 400 / 1025
2023
Imports
$1.11MWorld Rnk 60 / 205
Flag Rnk 615 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $320k in String Instruments, making it the 44th largest exporter of String Instruments in the world. At the same year, String Instruments was the 372nd most exported product in Panama. The main destination of String Instruments exports from Panama are: Chile ($277k), United Kingdom ($16k), Guyana ($5.9k), Jamaica ($5.59k), and Guatemala ($3.45k).

The fastest growing export markets for String Instruments of Panama between 2022 and 2023 were United Kingdom ($16k), Guyana ($5.9k), and Costa Rica ($3.25k).

Imports In 2023, Panama imported $1.11M in String Instruments, becoming the 60th largest importer of String Instruments in the world. At the same year, String Instruments was the 615th most imported product in Panama. Panama imports String Instruments primarily from: Indonesia ($479k), Malaysia ($281k), China ($207k), United States ($104k), and Germany ($18.9k).

The fastest growing import markets in String Instruments for Panama between 2022 and 2023 were United States ($69.9k), Germany ($15.4k), and Australia ($5.72k).

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 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 (2023)$320k
IMPORTS (2023)$1.11M
NET TRADE (2023)-$793k

In 2023, Panama exported $320k in String Instruments. The main destinations of Panama exports on String Instruments were Chile ($277k), United Kingdom ($16k), Guyana ($5.9k), Jamaica ($5.59k), and Guatemala ($3.45k).

In 2023, Panama imported $1.11M in String Instruments, mainly from Indonesia ($479k), Malaysia ($281k), China ($207k), United States ($104k), and Germany ($18.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING String Instruments EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Guyana$5.9k (1%)
Costa Rica$3.25k (2.39k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF String Instruments BY Panama WERE (2022 - 2023):
Chile-$149k (-35%)
France-$16.1k (-83.3%)
Belize-$4.21k (-59.6%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in String Instruments were:
In 2023, 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.

See methodology.

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