2023
Exports
$11.1MWorld Rnk 49 / 168
Flag Rnk 50 / 1046
2023
PRODUCT COMPLEXITY IN Unpackaged Medicaments
0.55Rnk 344 / 1025
2023
Imports
$9.28MWorld Rnk 83 / 220
Flag Rnk 273 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $11.1M in Unpackaged Medicaments, making it the 49th largest exporter of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 50th most exported product in Panama. The main destination of Unpackaged Medicaments exports from Panama are: Bahamas ($6.04M), Aruba ($4.54M), Guyana ($401k), Nicaragua ($79k), and Dominican Republic ($7.51k).

The fastest growing export markets for Unpackaged Medicaments of Panama between 2022 and 2023 were Bahamas ($1.11M), Guyana ($178k), and Aruba ($117k).

Imports In 2023, Panama imported $9.28M in Unpackaged Medicaments, becoming the 83rd largest importer of Unpackaged Medicaments in the world. At the same year, Unpackaged Medicaments was the 273rd most imported product in Panama. Panama imports Unpackaged Medicaments primarily from: France ($1.94M), Ireland ($1.78M), China ($1.63M), Canada ($1.06M), and Mexico ($671k).

The fastest growing import markets in Unpackaged Medicaments for Panama between 2022 and 2023 were France ($1.83M), Ireland ($1.41M), and Canada ($576k).

Latest Trends

Jan 2025

Subnational Monthly Trade

View
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 Unpackaged Medicaments. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

Explore Latest Trends

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$11.1M
IMPORTS (2023)$9.28M
NET TRADE (2023)$1.8M

In 2023, Panama exported $11.1M in Unpackaged Medicaments. The main destinations of Panama exports on Unpackaged Medicaments were Bahamas ($6.04M), Aruba ($4.54M), Guyana ($401k), Nicaragua ($79k), and Dominican Republic ($7.51k).

In 2023, Panama imported $9.28M in Unpackaged Medicaments, mainly from France ($1.94M), Ireland ($1.78M), China ($1.63M), Canada ($1.06M), and Mexico ($671k).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Unpackaged Medicaments EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Bahamas$1.11M (22.6%)
Guyana$178k (79.7%)
Aruba$117k (2.64%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Unpackaged Medicaments BY Panama WERE (2022 - 2023):
Costa Rica-$985k (-99.9%)
Nicaragua-$316k (-80%)
El Salvador-$161k (-99.9%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Panama's main exporting competitors in Unpackaged Medicaments were:
In 2023, Panama's main importing competitors in Unpackaged Medicaments were:

Explore Visualizations

Trade Value of Unpackaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALColombia+ $91.1k
TOP IMPORT POTENTIALUnited States+ $602k

Unpackaged Medicaments’s highest export potential is Colombia. With an export gap of $91.1k.   Unpackaged Medicaments’s highest import potential is United States with an import gap of $602k.

See methodology.

Subscribe today to OEC pro and access the latest data

Sign Up

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with