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Where does Panama get its refined petroleum products? Import sources 2024

In 2024, Panama imported $2.2 billion of refined petroleum products (4.1 million tonnes), 0.3% of the world total. Its main sources were Brazil (26%), Peru (21%) and the United States (19%). Panama was the world’s 74th-largest importer of refined petroleum products.

Summary

Value
$2.2billion
Tonnes
4.1million tonnes
Share of world total
0.3%
World rank
74th
Routes from the main sources. Width: value; color: estimated transport mode.SeaAirLand

Sources

The 20 main sources in the latest year.

PartnerValue (USD millions)TonnesUSD per tonneShareMode
Brazil574Tonnes: 654,184USD per tonne: $87826%Sea
Peru454Tonnes: 900,815USD per tonne: $50420.6%Sea
United States428Tonnes: 813,364USD per tonne: $52619.4%Sea
Ecuador254Tonnes: 723,677USD per tonne: $35211.5%Sea
China118Tonnes: 262,678USD per tonne: $4515.4%Sea
Canada86.1Tonnes: 196,020USD per tonne: $4393.9%Sea
Chile55Tonnes: 122,540USD per tonne: $4492.5%Sea
Colombia52.6Tonnes: 101,378USD per tonne: $5192.4%Sea
South Africa34.7Tonnes: 29,525USD per tonne: $1,1751.6%Sea
Nicaragua34.5Tonnes: 95,752USD per tonne: $3611.6%Sea
Mexico22.6Tonnes: 35,693USD per tonne: $6341%Sea
Greece21.9Tonnes: 65,396USD per tonne: $3350.99%Sea
South Korea18.3Tonnes: 35,475USD per tonne: $5170.83%Sea
Turkey9.9Tonnes: 17,497USD per tonne: $5660.45%Sea
El Salvador8.9Tonnes: 7,352USD per tonne: $1,2120.4%Sea
Bolivia6.2Tonnes: 5,422USD per tonne: $1,1380.28%Sea
Portugal4.4Tonnes: 16,523USD per tonne: $2690.2%Sea
Spain4Tonnes: 2,269USD per tonne: $1,7510.18%Sea
Poland2.5Tonnes: 2,200USD per tonne: $1,1280.11%Sea
United Kingdom2.2Tonnes: 3,532USD per tonne: $6330.1%Sea

Trend

Who it buys from

Brazil has been its main source since 2024

Value in USD billions. The five largest sources in 2024.

  • Brazil 0.57
  • Peru 0.45
  • United States 0.43
  • Ecuador 0.25
  • China 0.12

Source: CEPII BACI

Show the numbers
Partner19952024
Brazil< 0.010.57
Peru0.010.45
United States0.080.43
Ecuador0.030.25
China0.010.12

Sources and methodology

Other products of this country

Sources and licenses

Methodology

Goods trade from CEPII BACI (BACI_HS92_V202601), which reconciles what exporters and importers report: countries that stopped reporting (Russia since 2022) appear with their partners’ data. FOB values in current US dollars; tonnes when BACI reports them. The price per tonne is the value of the rows with a weight divided by that weight. The transport mode is our own estimate based on value per kilo and geography. Data up to 2024.

Hong Kong, Singapore, the Netherlands and Belgium re-export goods from other countries: their figures include transit.

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