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Panama Trade Summary

2005

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 2005

Overall Exports and Imports for Panama 2005

Exports and imports of Panama in 2005 are below, along with number of countries and products

  • The total value of exports (FoB) was 963 million.
  • The total value of imports (CIF) was 4,152 million.
  • At the HS6 digit level, 464 products were exported to 76 countries and 3,841 products were imported from 84 countries.

Panama top 5 Export and Import partners 2005

Top five countries to which Panama exported in 2005 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 433 million, with a partner share of 44.90 percent.
  2. Panama exports to Spain worth US$ 86 million, with a partner share of 8.89 percent.
  3. Panama exports to Sweden worth US$ 54 million, with a partner share of 5.63 percent.
  4. Panama exports to Netherlands worth US$ 47 million, with a partner share of 4.88 percent.
  5. Panama exports to Costa Rica worth US$ 39 million, with a partner share of 4.02 percent.

Top five countries from which Panama imported goods in 2005 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 1,143 million, with a partner share of 27.53 percent.
  2. Panama imports from Unspecified worth US$ 684 million, with a partner share of 16.48 percent.
  3. Panama imports from Netherlands Antilles worth US$ 475 million, with a partner share of 11.44 percent.
  4. Panama imports from Costa Rica worth US$ 194 million, with a partner share of 4.67 percent.
  5. Panama imports from Japan worth US$ 188 million, with a partner share of 4.53 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2005

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

  1. Panama exported Melons and watermelons, fresh , worth US$ 118,019.06 million.
  2. Panama exported Fresh or chilled fish fillets , worth US$ 101,747.05 million.
  3. Panama exported Bananas, including plantains, fresh or dried , worth US$ 96,781.47 million.
  4. Panama exported Frozen yellowfin tunas , worth US$ 85,771.91 million.
  5. Panama exported Fresh or chilled salmonidae (excl. 0302.11 and , worth US$ 77,237.74 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$ 659,814.57 million.
  2. Panama imported Automobiles with reciprocating piston engine di , worth US$ 127,191.53 million.
  3. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 109,801.23 million.
  4. Panama imported Automobiles with diesel engine displacing more , worth US$ 67,894.94 million.
  5. Panama imported Butanes, liquefied , worth US$ 51,101.14 million.

Exports and Imports of Product Groups 2005

Exports and imports of products by stages of processing in 2005 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2005

Tariffs imposed by Panama in 2005 are below

  • The maximum rate of tariff in percentage on any product was 272 percent.
  • The simple average tariff across all products was 7.40 percent.
  • The trade weighted average tariff was 6.91 .
  • The total duty free imports in thousands of US dollars were 1,165,908.01 and duty free tariff line items share was 24.66 percent.

Development Indicators 2005

Key Development Indicators of Panama in 2005 are below

  • Panama GDP in current US dollar was 16,374 million.
  • GNI per capita, Atlas method (current US$) was 4,820.00 .
  • Panama Trade balance: as % of GDP was -6.69.
  • Trade balance in current US$ was -1,096.00 million.
  • Trade as percentage of GDP was 135.69 .
  • Trade in services as percentage of GDP was 30.82 .

Trade Indicators 2005

Trade Indicators for Panama in 2005 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 5.53.
  • World Growth in percentage was 6.13 and Panama Country Growth was 15.77 .