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Panama Trade Summary

2008

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 2008

Overall Exports and Imports for Panama 2008

Exports and imports of Panama in 2008 are below, along with number of countries and products

  • The total value of exports (FoB) was 9,817 million.
  • The total value of imports (CIF) was 15,737 million.
  • At the HS6 digit level, 2,758 products were exported to 110 countries and 3,855 products were imported from 108 countries.

Panama top 5 Export and Import partners 2008

Top five countries to which Panama exported in 2008 are below, along with the percent of total exports that went to that country:

  1. Panama exports to Venezuela worth US$ 2,229 million, with a partner share of 22.71 percent.
  2. Panama exports to Colombia worth US$ 1,410 million, with a partner share of 14.36 percent.
  3. Panama exports to United States worth US$ 1,074 million, with a partner share of 10.94 percent.
  4. Panama exports to Costa Rica worth US$ 500 million, with a partner share of 5.09 percent.
  5. Panama exports to Dominican Republic worth US$ 466 million, with a partner share of 4.75 percent.

Top five countries from which Panama imported goods in 2008 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 3,624 million, with a partner share of 23.03 percent.
  2. Panama imports from China worth US$ 2,424 million, with a partner share of 15.41 percent.
  3. Panama imports from Other Asia, nes worth US$ 1,793 million, with a partner share of 11.40 percent.
  4. Panama imports from Hong Kong, China worth US$ 1,416 million, with a partner share of 9.00 percent.
  5. Panama imports from Japan worth US$ 647 million, with a partner share of 4.11 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2008

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 661,541.61 (US$ Thousands).
  2. Panama exported Perfumes and toilet waters , worth 323,811.41 (US$ Thousands).
  3. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth 321,278.16 (US$ Thousands).
  4. Panama exported Television receivers including video monitors a , worth 257,470.44 (US$ Thousands).
  5. Panama exported Other antibiotics, nes , worth 224,733.26 (US$ Thousands).

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

  1. Panama imported Medicaments of other hormones, for retail sale, , worth 498,558.04 (US$ Thousands).
  2. Panama imported Petroleum oils, etc, (excl. crude); preparation , worth 463,754.52 (US$ Thousands).
  3. Panama imported Television receivers including video monitors a , worth 346,250.86 (US$ Thousands).
  4. Panama imported Other antibiotics, nes , worth 334,337.98 (US$ Thousands).
  5. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth 305,093.65 (US$ Thousands).

Exports and Imports of Product Groups 2008

Exports and imports of products by stages of processing in 2008 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2008

Tariffs imposed by Panama in 2008 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.31 percent.
  • The trade weighted average tariff was 7.24 .
  • The total duty free imports in thousands of US dollars were 3,480,377.86 and duty free tariff line items share was 25.26 percent.

Development Indicators 2008

Key Development Indicators of Panama in 2008 are below

  • Panama GDP in current US dollar was 25,156 million.
  • GNI per capita, Atlas method (current US$) was 6,580.00 .
  • Panama Trade balance: as % of GDP was -10.52.
  • Trade balance in current US$ was -2,646.00 million.
  • Trade as percentage of GDP was 166.70 .
  • Trade in services as percentage of GDP was 34.36 .

Trade Indicators 2008

Trade Indicators for Panama in 2008 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 5.30.
  • World Growth in percentage was 7.43 and Panama Country Growth was 5.47 .