Panama City, FL

Overview In January 2024 Panama City, FL exported $38.9M and imported $423M, resulting in a negative trade balance of $384M. Between January 2023 and January 2024 the exports of Panama City, FL have increased by $7.87M (25.4%) from $31M to $38.9M, while imports increased by $281M (197%) from $142M to $423M.

Trade In January 2024, the top exports of Panama City, FL were Fuel Wood ($10.4M), Kraft Paper ($9.93M), Other Uncoated Paper ($5.08M), Lifting Machinery ($981k), and Plastic Pipes ($745k). In January 2024 the top imports of Panama City, FL were Refined Copper ($380M), Non-Knit Men's Suits ($11.4M), Other Furniture ($4.75M), Particle Board ($4.49M), and Seats ($1.99M).

Destinations In January 2024, Panama City, FL exported mostly to Costa Rica ($13.9M), Mexico ($13.1M), Denmark ($5.62M), Japan ($4.76M), and Panama ($1.39M), and imported mostly from Chile ($373M), Mexico ($37.5M), Peru ($6.74M), Latvia ($6.07M), and United Kingdom ($125k).

Growth In January 2024, the increase in Panama City, FL's year-by-year exports was explained primarily by an increase in exports to Mexico ($2.96M or 22.8%), and product exports increase in Other knitted or crocheted fabrics. ($593k or 92.3%), Sawn Wood ($531k or 1.16k%), and Plastic Lids ($469k or 121%). In January 2024, the increase in Panama City, FL's year-by-year imports was explained primarily by an increase in imports from China ($2.86k or 333%), and product imports increase in Other Furniture ($1.45M or 33%), Seats ($988k or 61.6%), and Knit T-shirts ($851k or 38.8%).