2022
Exports
$949World Rnk 94 / 121
Flag Rnk 946 / 1051
2022
PRODUCT COMPLEXITY IN Vanilla
-1.9Rnk 988 / 1025
2022
Imports
$16.8kWorld Rnk 114 / 198
Flag Rnk 1057 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $949 in Vanilla, making it the 94th largest exporter of Vanilla in the world. At the same year, Vanilla was the 946th most exported product in Panama. The main destination of Vanilla exports from Panama are: Maldives ($914) and Guatemala ($35).

The fastest growing export markets for Vanilla of Panama between 2021 and 2022 were Maldives ($914) and Guatemala ($35).

Imports In 2022, Panama imported $16.8k in Vanilla, becoming the 114th largest importer of Vanilla in the world. At the same year, Vanilla was the 1057th most imported product in Panama. Panama imports Vanilla primarily from: United States ($11.5k), Vietnam ($5.02k), Turkey ($139), Lebanon ($105), and Peru ($19).

The fastest growing import markets in Vanilla for Panama between 2021 and 2022 were Vietnam ($5.02k), Turkey ($132), and Peru ($19).

COMPANIES In 2023, leading companies such as Goya Foods (6) were at the forefront of shipping Vanilla from Panama to the United States.

Latest Trends

Sep 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 Vanilla. 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)$949
IMPORTS (2022)$16.8k
NET TRADE (2022)-$15.9k

In 2022, Panama exported $949 in Vanilla. The main destinations of Panama exports on Vanilla were Maldives ($914) and Guatemala ($35).

In 2022, Panama imported $16.8k in Vanilla, mainly from United States ($11.5k), Vietnam ($5.02k), Turkey ($139), Lebanon ($105), and Peru ($19).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Panama WERE (2021 - 2022):
Maldives$914 (1%)
Guatemala$35 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Panama WERE (2021 - 2022):Switzerland-$46 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $425
TOP IMPORT POTENTIALMadagascar+ $983

Vanilla’s highest export potential is United States. With an export gap of $425.   Vanilla’s highest import potential is Madagascar with an import gap of $983.

See methodology.

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