Panama | Imports and Exports | World | Petroleum oils and oils, other than crude | Value (US$) and Value Growth, YoY (%) | 2012 - 2023
The value of exports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" from Panama totalled $ 9.89 million in 2023. Sales of commodity group 2710 from Panama went up by 24% compared to 2022: exports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" went up by $ 1.92 million (cumulative exports of commodity group 2710 from Panama amounted $7.96 million in 2022)
Exports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" amounted to 0.293% of total exports from Panama (cumulative merchandise exports from Panama totalled $ 3.36 billion in 2023). The share of commodity group 2710 in total exports from Panama increased by 0.075 p.p. compared to 2022 (it was 0.218% in 2022 and cumulative exports from Panama were equal to $ 3.65 billion).
Exports of commodity group 2710 amounted to 97% of total sales of group "" from Panama in 2023 (the value of exports of commodity group from Panama amounted to $10 million in 2023). The share of exports of commodity group 2710 in sales of commodity group from Panama increased by 4.76 p.p. compared to 2022 (it was 93% in 2022, and exports of commodity group from Panama were $8.54 million).
Where does Panama export Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils?
Top export destinations of "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" from Panama in 2023:
- Venezuela with a share of 58% (5.74 million US$)
- Colombia with a share of 14.3% (1.41 million US$)
- Curacao with a share of 12% (1.19 million US$)
- India with a share of 7.99% (790 thousand US$)
- USA with a share of 2.49% (246 thousand US$)
- Antigua and Barbuda - 98 thousand US$
- Saint Vincent and the Grenadines - 95 thousand US$
- Nicaragua - 92 thousand US$
- Bonaire - 71 thousand US$
- El Salvador - 65 thousand US$
Exports structure of 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils - from Panama in 2023 represented by the following main commodity groups:
- 91% (9.09 million US$): 271019 - Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations
- 8.02% (793 thousand US$): 271099 - Waste oils of petroleum or obtained from bituminous minerals, not crude other than those cont. polychlorinated biphenyls (PCBs)/polychlorinated terphenyls (PCTs)/polybrominated biphenyls (PBBs)
The value of imports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" to Panama totalled $ 2.69 billion in 2023. Sales of commodity group 2710 to Panama decreased by 14.9% in value terms compared to 2022. imports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" decreased by $ 474 million (the value of imports of commodity group 2710 to Panama was equal to $3.16 billion in 2022)
Imports of commodity group 2710 "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils" accounted for 18.5% of total import flow to Panama (in 2023, total imports to Panama amounted to $ 14.5 billion). The share of commodity group 2710 in total imports to Panama decreased by 2.25 p.p. compared to 2022 (it was 20% in 2022 and cumulative imports to Panama were equal to $ 15.2 billion).
Imports of commodity group 2710 reached 92% of total imports of group "" to Panama in 2023 (imports of commodity group to Panama totalled $2.91 billion in 2023). The share of purchases of commodity group 2710 in total imports of commodity group to Panama increased by 4.04 p.p. compared to 2022 (it was 88% in 2022, and imports of commodity group to Panama accounted for $3.58 billion).
Where does Panama import Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils from?
Top trading partners (import of "Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils") of Panama in 2023:
- Free Zones with a share of 88% (2.39 billion US$)
- USA with a share of 6.28% (169 million US$)
- Ecuador with a share of 3.69% (99 million US$)
- Costa Rica - 6.03 million US$
- Spain - 4.26 million US$
- France - 3.91 million US$
- El Salvador - 2.84 million US$
- Mexico - 2.84 million US$
- Korea - 1.93 million US$
- Germany - 1.61 million US$
Imports structure of 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils - to Panama in 2023 represented by the following main commodity groups:
- 41% (1.12 billion US$): 271019 - Petroleum oils and oils from bituminous minerals, not containing biodiesel, not crude, not waste oils; preparations n.e.c, containing by weight 70% or more of petroleum oils or oils from bituminous minerals; not light oils and preparations
- 0.001% (27 thousand US$): 271099 - Waste oils of petroleum or obtained from bituminous minerals, not crude other than those cont. polychlorinated biphenyls (PCBs)/polychlorinated terphenyls (PCTs)/polybrominated biphenyls (PBBs)
