According to Volza's Panama Export data, Panama exported 95 shipments of Automotive Battery from Jul 2023 to Jun 2024 (TTM). These exports were made by 13 Panama Exporters to 14 B.
Year over year, revenues from exported lithium ion batteries slowed to a 1.7% gain from in 2022 compared to $3.21 billion during 2021. The 5 biggest exporters of lithium batteries are the United States of America, mainland China, Singapore, Hong Kong and Indonesia.
Does China have a competitive advantage in lithium ion batteries?
China: US$239.4 million (net export surplus up 39.7% since 2021) Mainland China generated the highest surplus in the international trade of lithium ion batteries. In turn, this positive cashflow confirms China's strong competitive advantage for this specific product category.
Which countries incurred a triple digit deficit in lithium ion batteries?
Malaysia: -US$214.1 million (net export deficit up 12.7% since 2021) Malaysia and Mexico incurred the triple-digit million dollar deficits in the international trade of lithium ion batteries.