2022
Exports
$16.5MWorld Rnk 22 / 84
Flag Rnk 36 / 1051
2022
PRODUCT COMPLEXITY IN Tug Boats
-0.93Rnk 819 / 1025
2022
Imports
$20.3MWorld Rnk 29 / 141
Flag Rnk 203 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $16.5M in Tug Boats, making it the 22nd largest exporter of Tug Boats in the world. At the same year, Tug Boats was the 36th most exported product in Panama. The main destination of Tug Boats exports from Panama are: Spain ($9.48M), Thailand ($7.03M), and Japan ($2.07k).

The fastest growing export markets for Tug Boats of Panama between 2021 and 2022 were Spain ($9.48M), Thailand ($7.03M), and Japan ($2.07k).

Imports In 2022, Panama imported $20.3M in Tug Boats, becoming the 29th largest importer of Tug Boats in the world. At the same year, Tug Boats was the 203rd most imported product in Panama. Panama imports Tug Boats primarily from: Turkey ($10.6M), Colombia ($6.35M), and Cyprus ($3.37M).

The fastest growing import markets in Tug Boats for Panama between 2021 and 2022 were Colombia ($4.7M), Turkey ($4.65M), and Cyprus ($2.8M).

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 Tug Boats. 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)$16.5M
IMPORTS (2022)$20.3M
NET TRADE (2022)-$3.78M

In 2022, Panama exported $16.5M in Tug Boats. The main destinations of Panama exports on Tug Boats were Spain ($9.48M), Thailand ($7.03M), and Japan ($2.07k).

In 2022, Panama imported $20.3M in Tug Boats, mainly from Turkey ($10.6M), Colombia ($6.35M), and Cyprus ($3.37M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tug Boats EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Spain$9.48M (1%)
Thailand$7.03M (1%)
Japan$2.07k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tug Boats BY Panama WERE (2021 - 2022):Greece-$665k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Panama's main exporting competitors in Tug Boats were:
In 2022, Panama's main importing competitors in Tug Boats were:

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Trade Value of Tug Boats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALJapan+ $4.93k
TOP IMPORT POTENTIALChina+ $2.11k

Tug Boats’s highest export potential is Japan. With an export gap of $4.93k.   Tug Boats’s highest import potential is China with an import gap of $2.11k.

See methodology.

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