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Panama Trade Summary

1998

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 1998

Overall Exports and Imports for Panama 1998

Exports and imports of Panama in 1998 are below, along with number of countries and products

  • The total value of exports (FoB) was 705 million.
  • The total value of imports (CIF) was 3,397 million.
  • At the HS6 digit level, 700 products were exported to 65 countries and 4,077 products were imported from 84 countries.

Panama top 5 Export and Import partners 1998

Top five countries to which Panama exported in 1998 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 298 million, with a partner share of 42.23 percent.
  2. Panama exports to Sweden worth US$ 51 million, with a partner share of 7.22 percent.
  3. Panama exports to Costa Rica worth US$ 46 million, with a partner share of 6.58 percent.
  4. Panama exports to Spain worth US$ 38 million, with a partner share of 5.42 percent.
  5. Panama exports to Belgium-Luxembourg worth US$ 30 million, with a partner share of 4.30 percent.

Top five countries from which Panama imported goods in 1998 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,363 million, with a partner share of 40.11 percent.
  2. Panama imports from Free Zones worth US$ 442 million, with a partner share of 13.02 percent.
  3. Panama imports from Japan worth US$ 304 million, with a partner share of 8.95 percent.
  4. Panama imports from Mexico worth US$ 164 million, with a partner share of 4.82 percent.
  5. Panama imports from Ecuador worth US$ 109 million, with a partner share of 3.20 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 1998

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 139,518.74 (US$ Thousands).
  2. Panama exported Frozen shrimps and prawns , worth 136,730.38 (US$ Thousands).
  3. Panama exported Fresh or chilled salmonidae (excl. 0302.11 and , worth 41,582.98 (US$ Thousands).
  4. Panama exported Raw cane sugar, in solid form , worth 25,548.41 (US$ Thousands).
  5. Panama exported Melons and watermelons, fresh , worth 25,307.22 (US$ Thousands).

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 184,602.96 (US$ Thousands).
  2. Panama imported Automobiles with reciprocating piston engine di , worth 125,281.44 (US$ Thousands).
  3. Panama imported Automobiles with reciprocating piston engine di , worth 72,446.46 (US$ Thousands).
  4. Panama imported Automobiles with diesel engine displacing more , worth 71,232.85 (US$ Thousands).
  5. Panama imported Parts and accessories of automatic data process , worth 48,679.47 (US$ Thousands).

Exports and Imports of Product Groups 1998

Exports and imports of products by stages of processing in 1998 are below along with their corresponding Product Share as percent of total export or import

Tariffs 1998

Tariffs imposed by Panama in 1998 are below

  • The maximum rate of tariff in percentage on any product was 50 percent.
  • The simple average tariff across all products was 8.26 percent.
  • The trade weighted average tariff was 8.69 .
  • The total duty free imports in thousands of US dollars were 61,174.51 and duty free tariff line items share was 4.13 percent.

Development Indicators 1998

Key Development Indicators of Panama in 1998 are below

  • Panama GDP in current US dollar was 11,575 million.
  • GNI per capita, Atlas method (current US$) was 3,710.00 .
  • Panama Trade balance: as % of GDP was -15.96.
  • Trade balance in current US$ was -1,848.00 million.
  • Trade as percentage of GDP was 151.27 .
  • Trade in services as percentage of GDP was 26.66 .

Trade Indicators 1998

Trade Indicators for Panama in 1998 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 4.04.
  • World Growth in percentage was -0.47 and Panama Country Growth was -8.87 .