2023
Exports
$62.6kWorld Rnk 118 / 185
Flag Rnk 583 / 1046
2023
PRODUCT COMPLEXITY IN Wood Crates
0.31Rnk 454 / 1025
2023
Imports
$4.75MWorld Rnk 63 / 216
Flag Rnk 381 / 1151
2023
ECONOMIC COMPLEXITY of Panama
-0.14Rnk 69 / 132

About

Exports In 2023, Panama exported $62.6k in Wood Crates, making it the 118th largest exporter of Wood Crates in the world. At the same year, Wood Crates was the 583rd most exported product in Panama. The main destination of Wood Crates exports from Panama are: Costa Rica ($21.6k), Nicaragua ($21.5k), Switzerland ($8.64k), Canada ($5.78k), and Paraguay ($1.6k).

The fastest growing export markets for Wood Crates of Panama between 2022 and 2023 were Nicaragua ($21.5k), Costa Rica ($21.4k), and Switzerland ($8.64k).

Imports In 2023, Panama imported $4.75M in Wood Crates, becoming the 63rd largest importer of Wood Crates in the world. At the same year, Wood Crates was the 381st most imported product in Panama. Panama imports Wood Crates primarily from: Costa Rica ($4.46M), Germany ($69.7k), United States ($52.2k), China ($46.3k), and Spain ($42.9k).

The fastest growing import markets in Wood Crates for Panama between 2022 and 2023 were Costa Rica ($348k), United States ($35.9k), and Latvia ($22.9k).

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 Wood Crates. 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)$62.6k
IMPORTS (2023)$4.75M
NET TRADE (2023)-$4.68M

In 2023, Panama exported $62.6k in Wood Crates. The main destinations of Panama exports on Wood Crates were Costa Rica ($21.6k), Nicaragua ($21.5k), Switzerland ($8.64k), Canada ($5.78k), and Paraguay ($1.6k).

In 2023, Panama imported $4.75M in Wood Crates, mainly from Costa Rica ($4.46M), Germany ($69.7k), United States ($52.2k), China ($46.3k), and Spain ($42.9k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Wood Crates EXPORT MARKETS FOR Panama WERE (2022 - 2023):
Nicaragua$21.5k (1%)
Costa Rica$21.4k (9.37k%)
Switzerland$8.64k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Crates BY Panama WERE (2022 - 2023):
United States-$19.3k (-100%)
Norway-$6.17k (-100%)
France-$5.46k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Panama's main exporting competitors in Wood Crates were:
In 2023, Panama's main importing competitors in Wood Crates were:

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Trade Value of Wood Crates by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $27.1k
TOP IMPORT POTENTIALBrazil+ $97.9k

Wood Crates’s highest export potential is United States. With an export gap of $27.1k.   Wood Crates’s highest import potential is Brazil with an import gap of $97.9k.

See methodology.

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