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Panama Trade Summary

2003

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 2003

Overall Exports and Imports for Panama 2003

Exports and imports of Panama in 2003 are below, along with number of countries and products

  • The total value of exports (FoB) was 805 million.
  • The total value of imports (CIF) was 3,121 million.
  • At the HS6 digit level, 473 products were exported to 65 countries and 3,881 products were imported from 82 countries.

Panama top 5 Export and Import partners 2003

Top five countries to which Panama exported in 2003 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 414 million, with a partner share of 51.49 percent.
  2. Panama exports to Sweden worth US$ 50 million, with a partner share of 6.20 percent.
  3. Panama exports to Spain worth US$ 46 million, with a partner share of 5.66 percent.
  4. Panama exports to Costa Rica worth US$ 33 million, with a partner share of 4.16 percent.
  5. Panama exports to Belgium worth US$ 29 million, with a partner share of 3.58 percent.

Top five countries from which Panama imported goods in 2003 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,096 million, with a partner share of 35.13 percent.
  2. Panama imports from Unspecified worth US$ 443 million, with a partner share of 14.18 percent.
  3. Panama imports from Japan worth US$ 193 million, with a partner share of 6.19 percent.
  4. Panama imports from Costa Rica worth US$ 150 million, with a partner share of 4.80 percent.
  5. Panama imports from Colombia worth US$ 123 million, with a partner share of 3.94 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2003

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

  1. Panama exported Frozen yellowfin tunas , worth US$ 130,667.11 million.
  2. Panama exported Bananas, including plantains, fresh or dried , worth US$ 113,278.67 million.
  3. Panama exported Fresh or chilled fish fillets , worth US$ 75,224.20 million.
  4. Panama exported Fresh or chilled salmonidae (excl. 0302.11 and , worth US$ 56,741.66 million.
  5. Panama exported Frozen shrimps and prawns , worth US$ 56,456.75 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$ 218,849.46 million.
  2. Panama imported Automobiles with reciprocating piston engine di , worth US$ 93,334.35 million.
  3. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 81,890.13 million.
  4. Panama imported Automobiles with diesel engine displacing more , worth US$ 61,147.31 million.
  5. Panama imported Butanes, liquefied , worth US$ 43,248.14 million.

Exports and Imports of Product Groups 2003

Exports and imports of products by stages of processing in 2003 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2003

Tariffs imposed by Panama in 2003 are below

  • The maximum rate of tariff in percentage on any product was 286 percent.
  • The simple average tariff across all products was 7.83 percent.
  • The trade weighted average tariff was 7.89 .
  • The total duty free imports in thousands of US dollars were 487,991.57 and duty free tariff line items share was 22.66 percent.

Development Indicators 2003

Key Development Indicators of Panama in 2003 are below

  • Panama GDP in current US dollar was 13,694 million.
  • GNI per capita, Atlas method (current US$) was 4,070.00 .
  • Panama Trade balance: as % of GDP was -6.01.
  • Trade balance in current US$ was -823.00 million.
  • Trade as percentage of GDP was 114.69 .
  • Trade in services as percentage of GDP was 28.12 .

Trade Indicators 2003

Trade Indicators for Panama in 2003 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 5.18.
  • World Growth in percentage was 8.09 and Panama Country Growth was 2.91 .