2022
Exports
$39.5kWorld Rnk 136 / 197
Flag Rnk 656 / 1051
2022
PRODUCT COMPLEXITY IN Tea
-1.99Rnk 1002 / 1025
2022
Imports
$2.47MWorld Rnk 122 / 223
Flag Rnk 523 / 1153
2022
ECONOMIC COMPLEXITY of Panama
0.17Rnk 56 / 133

About

Exports In 2022, Panama exported $39.5k in Tea, making it the 136th largest exporter of Tea in the world. At the same year, Tea was the 656th most exported product in Panama. The main destination of Tea exports from Panama are: United States ($33.9k), Guatemala ($2.81k), Chile ($1.72k), Grenada ($743), and Barbados ($156).

The fastest growing export markets for Tea of Panama between 2021 and 2022 were United States ($33.9k), Guatemala ($2.19k), and Chile ($1.72k).

Imports In 2022, Panama imported $2.47M in Tea, becoming the 122nd largest importer of Tea in the world. At the same year, Tea was the 523rd most imported product in Panama. Panama imports Tea primarily from: Colombia ($1.19M), United States ($633k), China ($181k), Chile ($111k), and Ecuador ($46.3k).

The fastest growing import markets in Tea for Panama between 2021 and 2022 were United States ($110k), Sri Lanka ($19.1k), and Chinese Taipei ($14k).

Latest Trends

Sep 2024

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 Tea. 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 (2022)$39.5k
IMPORTS (2022)$2.47M
NET TRADE (2022)-$2.43M

In 2022, Panama exported $39.5k in Tea. The main destinations of Panama exports on Tea were United States ($33.9k), Guatemala ($2.81k), Chile ($1.72k), Grenada ($743), and Barbados ($156).

In 2022, Panama imported $2.47M in Tea, mainly from Colombia ($1.19M), United States ($633k), China ($181k), Chile ($111k), and Ecuador ($46.3k).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Tea EXPORT MARKETS FOR Panama WERE (2021 - 2022):
United States$33.9k (1%)
Guatemala$2.19k (351%)
Chile$1.72k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Tea BY Panama WERE (2021 - 2022):
Philippines-$52.9k (-100%)
Saudi Arabia-$17k (-100%)
Barbados-$693 (-81.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Panama's main exporting competitors in Tea were:
China $1.77B
Kenya $1.39B
In 2022, Panama's main importing competitors in Tea were:

Explore Visualizations

Trade Value of Tea by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $36.9k
TOP IMPORT POTENTIALChina+ $231k

Tea’s highest export potential is United States. With an export gap of $36.9k.   Tea’s highest import potential is China with an import gap of $231k.

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