2022
Exports
$10.3MWorld Rnk 68 / 192
Flag Rnk 57 / 1051
2022
PRODUCT COMPLEXITY IN Tropical Fruits
-1.79Rnk 981 / 1025
2022
Imports
$4.8MWorld Rnk 102 / 217
Flag Rnk 413 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $10.3M in Tropical Fruits, making it the 68th largest exporter of Tropical Fruits in the world. At the same year, Tropical Fruits was the 57th most exported product in Panama. The main destination of Tropical Fruits exports from Panama are: Spain ($5.75M), Netherlands ($991k), Belgium ($583k), United States ($524k), and Italy ($490k).

The fastest growing export markets for Tropical Fruits of Panama between 2021 and 2022 were Spain ($3.92M), Belgium ($566k), and Netherlands ($287k).

Imports In 2022, Panama imported $4.8M in Tropical Fruits, becoming the 102nd largest importer of Tropical Fruits in the world. At the same year, Tropical Fruits was the 413th most imported product in Panama. Panama imports Tropical Fruits primarily from: Dominican Republic ($1.93M), Costa Rica ($689k), Peru ($682k), Mexico ($590k), and United States ($406k).

The fastest growing import markets in Tropical Fruits for Panama between 2021 and 2022 were Peru ($419k), Dominican Republic ($368k), and United States ($61.5k).

COMPANIES In 2023, leading companies such as Chestnut Hill Farms (3) were at the forefront of shipping Tropical Fruits from Panama to the United States.

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 Tropical Fruits. 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)$10.3M
IMPORTS (2022)$4.8M
NET TRADE (2022)$5.5M

In 2022, Panama exported $10.3M in Tropical Fruits. The main destinations of Panama exports on Tropical Fruits were Spain ($5.75M), Netherlands ($991k), Belgium ($583k), United States ($524k), and Italy ($490k).

In 2022, Panama imported $4.8M in Tropical Fruits, mainly from Dominican Republic ($1.93M), Costa Rica ($689k), Peru ($682k), Mexico ($590k), and United States ($406k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tropical Fruits EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Spain$3.92M (213%)
Belgium$566k (3.25k%)
Netherlands$287k (40.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tropical Fruits BY Panama WERE (2021 - 2022):
Russia-$384k (-100%)
Turkey-$296k (-95.1%)
Ukraine-$260k (-67.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Tropical Fruits were:
In 2022, Panama's main importing competitors in Tropical Fruits were:

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Trade Value of Tropical Fruits by Exporters

Potential Exports

Potential Exports

Flow
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TOP EXPORT POTENTIALUnited States+ $1.2M
TOP IMPORT POTENTIALCosta Rica+ $687k

Tropical Fruits’s highest export potential is United States. With an export gap of $1.2M.   Tropical Fruits’s highest import potential is Costa Rica with an import gap of $687k.

See methodology.

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