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Panama Trade Summary

2002

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 2002

Overall Exports and Imports for Panama 2002

Exports and imports of Panama in 2002 are below, along with number of countries and products

  • The total value of exports (FoB) was 760 million.
  • The total value of imports (CIF) was 3,035 million.
  • At the HS6 digit level, 514 products were exported to 59 countries and 3,916 products were imported from 84 countries.

Panama top 5 Export and Import partners 2002

Top five countries to which Panama exported in 2002 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 361 million, with a partner share of 47.51 percent.
  2. Panama exports to Sweden worth US$ 46 million, with a partner share of 6.07 percent.
  3. Panama exports to Costa Rica worth US$ 36 million, with a partner share of 4.76 percent.
  4. Panama exports to Honduras worth US$ 34 million, with a partner share of 4.42 percent.
  5. Panama exports to Belgium worth US$ 33 million, with a partner share of 4.39 percent.

Top five countries from which Panama imported goods in 2002 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,041 million, with a partner share of 34.31 percent.
  2. Panama imports from Unspecified worth US$ 425 million, with a partner share of 13.99 percent.
  3. Panama imports from Colombia worth US$ 180 million, with a partner share of 5.92 percent.
  4. Panama imports from Japan worth US$ 165 million, with a partner share of 5.43 percent.
  5. Panama imports from Costa Rica worth US$ 128 million, with a partner share of 4.21 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2002

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$ 114,029.85 million.
  2. Panama exported Frozen yellowfin tunas , worth US$ 67,896.91 million.
  3. Panama exported Fresh or chilled fish fillets , worth US$ 61,136.79 million.
  4. Panama exported Frozen shrimps and prawns , worth US$ 58,106.95 million.
  5. Panama exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 45,528.90 million.

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

  1. Panama imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 259,085.15 million.
  2. Panama imported Petroleum oils and oils obtained from bituminou , worth US$ 221,682.31 million.
  3. Panama imported Automobiles with reciprocating piston engine di , worth US$ 76,532.96 million.
  4. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 62,378.56 million.
  5. Panama imported Automobiles with diesel engine displacing more , worth US$ 45,018.42 million.

Exports and Imports of Product Groups 2002

Exports and imports of products by stages of processing in 2002 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2002

Tariffs imposed by Panama in 2002 are below

  • The maximum rate of tariff in percentage on any product was 1,000 percent.
  • The simple average tariff across all products was 8.26 percent.
  • The trade weighted average tariff was 7.46 .
  • The total duty free imports in thousands of US dollars were 633,526.40 and duty free tariff line items share was 22.84 percent.

Development Indicators 2002

Key Development Indicators of Panama in 2002 are below

  • Panama GDP in current US dollar was 12,994 million.
  • GNI per capita, Atlas method (current US$) was 3,970.00 .
  • Panama Trade balance: as % of GDP was -6.57.
  • Trade balance in current US$ was -854.00 million.
  • Trade as percentage of GDP was 121.85 .
  • Trade in services as percentage of GDP was 27.69 .

Trade Indicators 2002

Trade Indicators for Panama in 2002 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 5.10.
  • World Growth in percentage was 2.45 and Panama Country Growth was -0.43 .