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Panama export

Panama Export Data

The Republic of Panama is another name for Panama. Panama is a transcontinental country that includes both the northern and central regions of South and North America. Costa Rica, Colombia, the Caribbean Sea, and the Pacific Ocean are the two nations with which the nation has boundaries. In terms of total land area, Panama ranks eighth among the countries in North America. Panama occupies 57th place in the world in terms of land area, with a total area of about 75,417 km^2. According to the trade data for Panama for 2022, out of 226 countries, Panama was the world's 121st largest exporter of products. According to Panama's export data, Panama exported goods worth a total of $27.33 billion in 2022. Panama's total commodity exports fell 3.43% from 2021 to 2022. Exports of goods fell by $127 million. The global trade landscape is constantly evolving, and staying ahead of the curve is crucial for businesses looking to capitalize on new market opportunities. For those interested in exploring the Panama export market, reliable and up-to-date data is essential. Let us delve into the significance of Panama export data and how it can assist businesses in making informed decisions in 2022.

Panama Export Data | Panama Trade Data

79

The country has been ranked 79th in global exports, showing a significant position in the international trade landscape.

0.1%

With a mere 0.1% share in global export trade, it becomes evident that its presence in the international export market is fairly on the rise.

CHINA

The USA holds a significant role as the largest export partner of the country in terms of goods exports.

COPPER ORES AND CONCENTRATES

Copper ores and concentrates are the major and biggest export commodities of the country, playing a vital role in its economy.

export

Top 10 Exports of Panama

Panama, a vibrant Latin American nation, boasts a diverse economy driven by a range of lucrative exports. The top 10 exports of Panama encompass a variety of products that highlight the country's natural resources and industrial capabilities. The top 10 exports of Panama in 2022 according to its export data are:

  • Copper ores and concentrates: 76% ($2.79 billion)
  • Bananas, including plantains: 3.51% ($128 million)
  • Crustaceans: 1.88% ($68 million)
  • Palm oil and its fractions: 1.37% ($50 million)
  • Ferrous waste and scrap; remelting scrap ingots of iron or steel: 1.36% ($49 million)
  • Medicaments: 1.26% ($46 million)
  • Wood in the rough: 1.25% ($45 million)
  • Flours, meals, and pellets of meat or meat offal: 0.938% ($34 million)
  • Fish, fresh or chilled: 0.854% ($31 million)
  • Coffee: 0.706% ($25 million)
    • Partners

    Top 10 Export Partners of Panama

    Demonstrating its strong international trade relations, Panama's top 10 export partners play a crucial role in facilitating Panama's economic growth, creating mutually beneficial relationships marked by trade agreements and investment opportunities. Panama’s top 10 export partners in 2022 include:

    Value In Percentage(%)

  • China: 32% (1.19 billion US$)
  • Japan: 15% (548 million US$)
  • South Korea: 7.39% (269 million US$)
  • India: 6.46% (235 million US$)
  • Germany: 6.38% (233 million US$)
  • Spain: 4.28% (156 million US$)
  • USA: 3.56% (130 million US$)
  • Bulgaria: 3.52% (128 million US$)
  • Netherlands: 3.13% (114 million US$)
  • Canada: 2.13% (78 million US$)
    • Sample Data

    What is Panama Export Data?

    We obtain trustworthy data from organizations, shipping businesses, and customs ports. This Trade Data contains a wide range of fields, such as HS codes, product descriptions, prices, quantities, origin country, destination country, and port names together with currency values. For traders and marketers, this trade data is crucial information that helps them to make informed decisions. From the HS codes and product descriptions to the quantity and cost of each product, everything can be obtained through this trade data. We have included a sample of this trade data for your convenience and greater understanding so that you can see what the trade data looks like as a whole, with complete details.

    So, as you can see that in this report, we also include the importers’/exporter's names and address details. In this comprehensive customs database, we ensure that every detail is meticulously recorded, which makes this trade data efficient for businesses worldwide. Panama export data refers to the information collected and recorded regarding the export activities taking place in the country. This data provides valuable insights into the types of products being exported, their destinations, and the key players involved in the export trade. By acquiring Panama export data, companies can gain a competitive advantage by identifying untapped markets, understanding consumer preferences, and adapting their products or services accordingly. According to Panama's trade data, Panama exported goods worth a total of $3.65 billion in 2022. Several fields, including the total amount of the currency, the product description, the quantity, the price, and more, are found in Panama's export data and trade data. It contains all relevant information about HS codes, exporter names, destination countries, etc. For dealers, firms, and marketers, this custom export data is crucial information that helps them make informed decisions in their export business.

    Benefits

    Benefits of Panama’s Export Data

  • Generate high-quality export sales from Panama’s export market.
  • Determine the latest demand for products in Panama.
  • Monitor competitors and outperform them in rankings.
  • Build your marketing plan based on export data.
  • Create a major impact on Panama's export market.
  • Establish future goals and maximize your earnings.
  • You’ll receive the name and address of the importer/exporter in our reports.

    • Frequently Asked Questions!!

    According to Panama's export data for 2022, Panama exported goods worth $3.65 billion and is showing a slight decrease of 3.43% as compared to the previous year.

    The top industries contributing to Panama's exports in 2022 are manufacturing, agriculture, and mining.

    The top 3 export destinations for Panama in 2022 are the United States, China, and Costa Rica.

    Some challenges faced by Panama's exporters in 2022 include global economic uncertainty, changing trade policies, and competition from other countries.

    Some key strategies being implemented to boost Panama's exports in 2022 include diversifying export markets, promoting value-added products, and investing in infrastructure and technology.

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