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Panama Trade Summary

1997

Panama exports, imports, tariff by year.

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR PANAMA 1997

Overall Exports and Imports for Panama 1997

Exports and imports of Panama in 1997 are below, along with number of countries and products

  • The total value of exports (FoB) was 658 million.
  • The total value of imports (CIF) was 2,991 million.
  • At the HS6 digit level, 648 products were exported to 65 countries and 4,029 products were imported from 78 countries.

Panama top 5 Export and Import partners 1997

Top five countries to which Panama exported in 1997 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 323 million, with a partner share of 49.10 percent.
  2. Panama exports to Sweden worth US$ 54 million, with a partner share of 8.27 percent.
  3. Panama exports to Costa Rica worth US$ 41 million, with a partner share of 6.23 percent.
  4. Panama exports to Belgium-Luxembourg worth US$ 35 million, with a partner share of 5.31 percent.
  5. Panama exports to Honduras worth US$ 27 million, with a partner share of 4.13 percent.

Top five countries from which Panama imported goods in 1997 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,119 million, with a partner share of 37.43 percent.
  2. Panama imports from Free Zones worth US$ 405 million, with a partner share of 13.53 percent.
  3. Panama imports from Japan worth US$ 211 million, with a partner share of 7.04 percent.
  4. Panama imports from Ecuador worth US$ 167 million, with a partner share of 5.58 percent.
  5. Panama imports from Mexico worth US$ 147 million, with a partner share of 4.91 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 1997

The top five exported HS 6 digit level products to world by Panama along with trade value are:

  1. Panama exported Bananas, including plantains, fresh or dried , worth US$ 179,946.99 million.
  2. Panama exported Frozen shrimps and prawns , worth US$ 95,734.61 million.
  3. Panama exported Raw cane sugar, in solid form , worth US$ 28,669.37 million.
  4. Panama exported Fresh or chilled salmonidae (excl. 0302.11 and , worth US$ 24,979.66 million.
  5. Panama exported Coffee, not roasted or decaffeinated , worth US$ 22,425.10 million.

The top five imported HS 6 digit level products from world by Panama along with trade value are

  1. Panama imported Petroleum oils and oils obtained from bituminou , worth US$ 261,848.35 million.
  2. Panama imported Automobiles with reciprocating piston engine di , worth US$ 85,623.70 million.
  3. Panama imported Automobiles with reciprocating piston engine di , worth US$ 68,993.72 million.
  4. Panama imported Automobiles with diesel engine displacing more , worth US$ 52,113.98 million.
  5. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 42,109.69 million.

Exports and Imports of Product Groups 1997

Exports and imports of products by stages of processing in 1997 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1997

Tariffs imposed by Panama in 1997 are below

  • The maximum rate of tariff in percentage on any product was 60 percent.
  • The simple average tariff across all products was 12.27 percent.
  • The trade weighted average tariff was 10.62 .
  • The total duty free imports in thousands of US dollars were 383,427.66 and duty free tariff line items share was 4.89 percent.

Development Indicators 1997

Key Development Indicators of Panama in 1997 are below

  • Panama GDP in current US dollar was 10,677 million.
  • GNI per capita, Atlas method (current US$) was 3,640.00 .
  • Panama Trade balance: as % of GDP was -11.37.
  • Trade balance in current US$ was -1,214.00 million.
  • Trade as percentage of GDP was 165.34 .
  • Trade in services as percentage of GDP was 28.34 .

Trade Indicators 1997

Trade Indicators for Panama in 1997 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 3.88.
  • World Growth in percentage was 3.05 and Panama Country Growth was -4.65 .