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Panama chemical trade

Chemicals, plastics and rubber (HS chapters 28 to 40) that Panama exported and imported, as reported by its trade partners, with its largest HS codes and partner countries.

Suppliers in Panama
Exports in 2024
$80.8M
+27.1% vs 2023
Imports in 2024
$5.4B
+0.7% vs 2023
Trade balance
−$5.32B
Net importer
World exporter rank
#107
<0.1% of world chemical exports

Panama does not publish detailed six digit trade figures. Its figures for 2019 to 2024 are mirror data, built from what the 28 major economies reported about their trade with Panama, so treat them as a lower bound.

Trend

Panama's chemical exports and imports per year, 2019 to 2024, partly or fully as reported by its trade partners.

Exports$80.8M in 2024Imports$5.4B in 2024
$0
$2B
$4B
$6B
Panama chemical exports and imports by year, US dollars
Show the numbers
Panama chemical exports and imports by year, US dollars
YearExportsImports
2019$94.7M$2.79B
2020$88.1M$2.15B
2021$76.1M$2.88B
2022$60.7M$3.26B
2023$63.6M$5.36B
2024$80.8M$5.4B

By HS chapter

How Panama's chemical trade in 2024 splits across chapters 28 to 40.

Exports Imports

Largest HS codes

The chemical HS codes Panama exported and imported the most in 2024.

Top exports

  1. 14011.10New pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)At least 9 destinations$32.5M
  2. 23926.90Plastics, other articles not elsewhere classified in chapter 39At least 20 destinations$6.19M
  3. 33303.00Perfumes and toilet watersAt least 6 destinations$5.65M
  4. 43913.90Polymers, natural and modified natural in primary forms (excluding alginic acid, its salts and esters)At least 1 destination$4.4M
  5. 53808.91InsecticidesAt least 3 destinations$3.94M
  6. 63808.93Herbicides, anti-sprouting products and plant-growth regulatorsAt least 1 destination$2.74M
  7. 73808.92FungicidesAt least 3 destinations$2.73M
  8. 83923.21Sacks and bags (including cones), for the conveyance or packing of goodsAt least 5 destinations$2.63M
  9. 94011.20New pneumatic tyres, of a kind used on buses or lorriesAt least 2 destinations$2.6M
  10. 103406.00Candles, tapers and the likeAt least 1 destination$1.89M
  11. 113304.99Beauty or make-up preparations and preparations for the care of the skin (other than…At least 11 destinations$1.82M
  12. 123823.19Industrial monocarboxylic fatty acids, acid oils from refining, otherAt least 4 destinations$1.45M

Top imports

  1. 12933.79Lactams, other lactamsAt least 4 supplying countries$1.98B
  2. 23004.90Medicaments consisting of mixed or unmixed products not elsewhere classified in heading 3004, for therapeutic…At least 21 supplying countries$539M
  3. 32941.90Antibiotics, otherAt least 5 supplying countries$315M
  4. 43303.00Perfumes and toilet watersAt least 17 supplying countries$217M
  5. 52933.99Heterocyclic compounds with nitrogen hetero-atom(s) only, otherAt least 6 supplying countries$186M
  6. 63002.15Immunological products, put up in measured doses or in forms or packings for retail saleAt least 10 supplying countries$184M
  7. 74011.10New pneumatic tyres, of a kind used on motor cars (including station wagons and racing cars)At least 18 supplying countries$107M
  8. 83002.41Vaccines for human medicineAt least 8 supplying countries$97.7M
  9. 93004.39Medicaments containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic…At least 12 supplying countries$67.6M
  10. 104011.20New pneumatic tyres, of a kind used on buses or lorriesAt least 14 supplying countries$60.4M
  11. 113304.99Beauty or make-up preparations and preparations for the care of the skin (other than…At least 21 supplying countries$59.6M
  12. 123208.90Based on polymers not elsewhere classified in heading 3208, dispersed or dissolved in a non-aqueous mediumAt least 20 supplying countries$55.7M

Main partner countries

Where Panama's chemicals went and came from in 2024, among the 28 major reporting economies. Based on the top 10 partners for each HS code.

Exports to

  1. 1
    Netherlands
    $34.4M
    42.6% of exports
  2. 2
    United States
    $19.9M
    24.6% of exports
  3. 3
    Thailand
    $8.86M
    11.0% of exports
  4. 4
    Germany
    $6.4M
    7.9% of exports
  5. 5
    Canada
    $2.29M
    2.8% of exports
  6. 6
    Hong Kong
    $2.07M
    2.6% of exports
  7. 7
    Brazil
    $1.43M
    1.8% of exports
  8. 8
    Spain
    $1.08M
    1.3% of exports
  9. 9
    Ireland
    $895K
    1.1% of exports
  10. 10
    Belgium
    $653K
    0.8% of exports

Imports from

  1. 1
    Spain
    $2.01B
    37.3% of imports
  2. 2
    United States
    $1.32B
    24.4% of imports
  3. 3
    China
    $837M
    15.5% of imports
  4. 4
    Germany
    $332M
    6.1% of imports
  5. 5
    Mexico
    $219M
    4.1% of imports
  6. 6
    Belgium
    $205M
    3.8% of imports
  7. 7
    Brazil
    $75.9M
    1.4% of imports
  8. 8
    Italy
    $63.9M
    1.2% of imports
  9. 9
    United Kingdom
    $54.3M
    1.0% of imports
  10. 10
    Netherlands
    $52.9M
    1.0% of imports

Sourcing from Panama

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