Panama Trade Summary

1998 Data

Panama exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 705
No. Of products: 700
No. Of partners: 65
Importsmore »
Imports (in US$ Mil): 3,397
No. Of products: 4,077
No. Of partners: 84

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Bananas, including p ...139,518.74
Frozen shrimps and p ...136,730.38
Fresh or chilled sal ...41,582.98
Raw cane sugar, in s ...25,548.41
Melons and watermelo ...25,307.22
Imports (US$ Thousands)
Petroleum oils and o ...184,602.96
Automobiles with rec ...125,281.44
Automobiles with rec ...72,446.46
Automobiles with die ...71,232.85
Parts and accessorie ...48,679.47

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States298 42.23
Sweden51 7.22
Costa Rica46 6.58
Spain38 5.42
Belgium-Luxembourg30 4.30
Exporter Trade (US$ Mil) Partner share(%)
United States1,363 40.11
Free Zones442 13.02
Japan304 8.95
Mexico164 4.82
Ecuador109 3.20

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials435 61.70 326 9.59 10.09
Intermediate goods113 16.00 577 16.99 5.56
Consumer goods121 17.14 1,507 44.35 10.71
Capital goods12 1.65 866 25.49 6.05

Trade Indicators

more »
HH Market concentration index: 0.05
Index of export market penetration: 4.04
World Growth: -0.47
Country Growth: -8.87

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 50
Simple Average (%): 8.26
Weighted Average (%): 8.69
Duty Free Imports (US$ Thousand): 61,174.51
Duty Free Tariff Lines Share (%): 4.13

Development Indicators

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GDP (current US$ Mil): 11,575
GNI per capita, Atlas method (current US$): 3,690.00
Trade Balance (% of GDP): -15.96
Trade Balance (current US$ Mil): -1,848.00
Trade in services (% of GDP): 26.66
Trade (% of GDP): 151.27