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Panama Trade Summary

2004

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 2004

Overall Exports and Imports for Panama 2004

Exports and imports of Panama in 2004 are below, along with number of countries and products

  • The total value of exports (FoB) was 891 million.
  • The total value of imports (CIF) was 3,590 million.
  • At the HS6 digit level, 475 products were exported to 70 countries and 3,853 products were imported from 87 countries.

Panama top 5 Export and Import partners 2004

Top five countries to which Panama exported in 2004 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 445 million, with a partner share of 49.93 percent.
  2. Panama exports to Sweden worth US$ 58 million, with a partner share of 6.51 percent.
  3. Panama exports to Spain worth US$ 45 million, with a partner share of 5.05 percent.
  4. Panama exports to Netherlands worth US$ 39 million, with a partner share of 4.35 percent.
  5. Panama exports to Costa Rica worth US$ 37 million, with a partner share of 4.13 percent.

Top five countries from which Panama imported goods in 2004 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,049 million, with a partner share of 29.21 percent.
  2. Panama imports from Unspecified worth US$ 555 million, with a partner share of 15.46 percent.
  3. Panama imports from Netherlands Antilles worth US$ 256 million, with a partner share of 7.12 percent.
  4. Panama imports from Japan worth US$ 190 million, with a partner share of 5.29 percent.
  5. Panama imports from Costa Rica worth US$ 177 million, with a partner share of 4.93 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2004

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$ 119,738.44 million.
  2. Panama exported Bananas, including plantains, fresh or dried , worth US$ 108,712.96 million.
  3. Panama exported Fresh or chilled fish fillets , worth US$ 91,001.62 million.
  4. Panama exported Melons and watermelons, fresh , worth US$ 70,923.66 million.
  5. Panama exported Fresh or chilled salmonidae (excl. 0302.11 and , worth US$ 69,988.16 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$ 456,517.75 million.
  2. Panama imported Automobiles with reciprocating piston engine di , worth US$ 108,561.34 million.
  3. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 91,995.23 million.
  4. Panama imported Automobiles with diesel engine displacing more , worth US$ 55,728.12 million.
  5. Panama imported Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et , worth US$ 46,233.77 million.

Exports and Imports of Product Groups 2004

Exports and imports of products by stages of processing in 2004 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2004

Tariffs imposed by Panama in 2004 are below

  • The maximum rate of tariff in percentage on any product was 280 percent.
  • The simple average tariff across all products was 7.81 percent.
  • The trade weighted average tariff was 7.63 .
  • The total duty free imports in thousands of US dollars were 1,072,605.15 and duty free tariff line items share was 21.52 percent.

Development Indicators 2004

Key Development Indicators of Panama in 2004 are below

  • Panama GDP in current US dollar was 15,013 million.
  • GNI per capita, Atlas method (current US$) was 4,500.00 .
  • Panama Trade balance: as % of GDP was -8.12.
  • Trade balance in current US$ was -1,219.00 million.
  • Trade as percentage of GDP was 123.65 .
  • Trade in services as percentage of GDP was 28.37 .

Trade Indicators 2004

Trade Indicators for Panama in 2004 are below

  • Hirschman Herfindahl market concentration index was 0.04.
  • Index of export market penetration was 5.23.
  • World Growth in percentage was 10.40 and Panama Country Growth was 3.58 .