Panama, a key player in global trade, has made significant strides in the tapioca starch market.
Panama’s Tapioca Starch Exports
In 2021, Panama exported $12.4k worth of tapioca starch, securing the 64th position among the largest exporters of this product globally. Tapioca starch ranked as the 2039th most exported product from Panama during the same year.
The primary destination for Panamanian tapioca starch exports was Guatemala, accounting for the entirety of the export volume at $12.4k.
Guatemala emerged as the main market for Panamanian tapioca starch, demonstrating the close trade ties between the two countries. Panama’s export performance to Guatemala reflects the increasing demand for its tapioca starch in this market.
Panama experienced remarkable growth in its export market for tapioca starch between 2020 and 2021. Guatemala stood out as the fastest-growing market, accounting for the entirety of the export volume and contributing $12.4k to Panama’s export growth. This growth signifies the expanding demand for Panamanian tapioca starch in Guatemala.
Panama’s Tapioca Starch Imports
In 2021, Panama imported $455k worth of tapioca starch, securing the 62nd position among the largest importers of this product globally. Tapioca starch ranked as the 1857th most imported product in Panama during the same year.
Colombia served as the largest supplier of tapioca starch to Panama, contributing $117k to the import market. Paraguay and Brazil followed closely behind, with imports amounting to $111k and $78.4k, respectively. Additionally, Panama sourced tapioca starch from Thailand ($57k) and Nicaragua ($36.3k) to meet its domestic demand.
Between 2020 and 2021, Panama witnessed notable growth in its import markets for tapioca starch. Costa Rica demonstrated significant growth, with imports increasing by $20.8k during this period. Paraguay also experienced substantial growth, contributing an additional $15k to the import market. Furthermore, imports from Chinese Taipei increased by $5.8k, showcasing emerging trade opportunities in this market.
| Continent | Country | Trade Value |
| Asia | Thailand | 57,048 |
| Asia | Chinese Taipei | 5,801 |
| North America | Costa Rica | 20,840 |
| North America | Guatemala | 5,078 |
| North America | Nicaragua | 36,291 |
| North America | United States | 9,369 |
| South America | Brazil | 78,382 |
| South America | Colombia | 116,736 |
| South America | Paraguay | 110,820 |
| South America | Uruguay | 14,712 |
Panama’s Tapioca Starch Tariffs
In 2015, the average tariff for Panama on tapioca starch was 15%. Panama applied a Most Favoured Nation duty rate treatment of 15% to countries including Angola, Burundi, Benin, Burkina Faso, and Botswana. This tariff structure reflects Panama’s commitment to fair trade practices while protecting domestic industries.
Data from BACI