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Panama Trade Summary

2007

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 2007

Overall Exports and Imports for Panama 2007

Exports and imports of Panama in 2007 are below, along with number of countries and products

  • The total value of exports (FoB) was 8,821 million.
  • The total value of imports (CIF) was 13,269 million.
  • At the HS6 digit level, 2,888 products were exported to 112 countries and 3,957 products were imported from 104 countries.

Panama top 5 Export and Import partners 2007

Top five countries to which Panama exported in 2007 are below, along with the percent of total exports that went to that country:

  1. Panama exports to Venezuela worth US$ 1,797 million, with a partner share of 20.37 percent.
  2. Panama exports to Colombia worth US$ 1,362 million, with a partner share of 15.44 percent.
  3. Panama exports to United States worth US$ 757 million, with a partner share of 8.58 percent.
  4. Panama exports to Costa Rica worth US$ 504 million, with a partner share of 5.71 percent.
  5. Panama exports to Dominican Republic worth US$ 452 million, with a partner share of 5.12 percent.

Top five countries from which Panama imported goods in 2007 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 2,985 million, with a partner share of 22.50 percent.
  2. Panama imports from China worth US$ 2,626 million, with a partner share of 19.79 percent.
  3. Panama imports from Hong Kong, China worth US$ 1,333 million, with a partner share of 10.05 percent.
  4. Panama imports from Other Asia, nes worth US$ 862 million, with a partner share of 6.50 percent.
  5. Panama imports from Japan worth US$ 570 million, with a partner share of 4.30 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2007

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

  1. Panama exported Medicaments of other hormones, for retail sale, , worth US$ 547,353.74 million.
  2. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth US$ 285,017.14 million.
  3. Panama exported Perfumes and toilet waters , worth US$ 279,621.30 million.
  4. Panama exported Television receivers including video monitors a , worth US$ 224,146.68 million.
  5. Panama exported Melons and watermelons, fresh , worth US$ 202,522.87 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$ 845,656.42 million.
  2. Panama imported Medicaments of other hormones, for retail sale, , worth US$ 491,818.76 million.
  3. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth US$ 250,712.94 million.
  4. Panama imported Television receivers including video monitors a , worth US$ 230,880.66 million.
  5. Panama imported Footwear, nes, covering the ankle of rubber or , worth US$ 226,683.03 million.

Exports and Imports of Product Groups 2007

Exports and imports of products by stages of processing in 2007 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2007

Tariffs imposed by Panama in 2007 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.40 percent.
  • The trade weighted average tariff was 7.54 .
  • The total duty free imports in thousands of US dollars were 2,594,901.62 and duty free tariff line items share was 24.24 percent.

Development Indicators 2007

Key Development Indicators of Panama in 2007 are below

  • Panama GDP in current US dollar was 21,296 million.
  • GNI per capita, Atlas method (current US$) was 5,810.00 .
  • Panama Trade balance: as % of GDP was -6.65.
  • Trade balance in current US$ was -1,417.00 million.
  • Trade as percentage of GDP was 149.57 .
  • Trade in services as percentage of GDP was 34.22 .

Trade Indicators 2007

Trade Indicators for Panama in 2007 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 5.52.
  • World Growth in percentage was 7.58 and Panama Country Growth was 8.05 .