Key Market Indicators
Transformer imports and exports in Panama are projected to grow over the next few years. Imports are expected to drop by 7.6% year on year on average, from $10.5 million in 2021 to $6.7 million in 2026. This is a decrease of 7.1% since 2000. In 2021, Panamanian imports ranked 118th, with Mauritania overtaking it at $10.5 million. China, Germany, and Mexico were ranked 2nd, 3rd, and 4th respectively. Exports are set to increase, rising 2.7% year on year on average from $17.9 million in 2021 to $21 million in 2026. This is a 3.7% increase since 2011. In 2021, Panamanian exports ranked 61st, with Moldova overtaking it at $17.9 million. Germany, the United States, and Japan were ranked 2nd, 3rd, and 4th respectively.
