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Panama Trade Summary

2009

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 2009

Overall Exports and Imports for Panama 2009

Exports and imports of Panama in 2009 are below, along with number of countries and products

  • The total value of exports (FoB) was 10,717 million.
  • The total value of imports (CIF) was 13,877 million.
  • At the HS6 digit level, 2,726 products were exported to 113 countries and 3,798 products were imported from 101 countries.

Panama top 5 Export and Import partners 2009

Top five countries to which Panama exported in 2009 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,710 million, with a partner share of 25.29 percent.
  2. Panama exports to Venezuela worth US$ 1,787 million, with a partner share of 16.68 percent.
  3. Panama exports to Colombia worth US$ 1,303 million, with a partner share of 12.16 percent.
  4. Panama exports to Costa Rica worth US$ 452 million, with a partner share of 4.22 percent.
  5. Panama exports to Japan worth US$ 426 million, with a partner share of 3.98 percent.

Top five countries from which Panama imported goods in 2009 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 2,948 million, with a partner share of 21.25 percent.
  2. Panama imports from China worth US$ 2,134 million, with a partner share of 15.38 percent.
  3. Panama imports from Singapore worth US$ 1,805 million, with a partner share of 13.01 percent.
  4. Panama imports from Hong Kong, China worth US$ 870 million, with a partner share of 6.27 percent.
  5. Panama imports from Other Asia, nes worth US$ 866 million, with a partner share of 6.24 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2009

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

  1. Panama exported Other antibiotics, nes , worth US$ 2,216,172.20 million.
  2. Panama exported Medicaments of other hormones, for retail sale, , worth US$ 650,153.54 million.
  3. Panama exported Medicaments of other antibiotics, for retail sa , worth US$ 357,218.49 million.
  4. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth US$ 299,090.61 million.
  5. Panama exported Perfumes and toilet waters , worth US$ 282,881.86 million.

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

  1. Panama imported Other antibiotics, nes , worth US$ 1,645,177.28 million.
  2. Panama imported Medicaments of other hormones, for retail sale, , worth US$ 594,661.78 million.
  3. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 266,543.73 million.
  4. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth US$ 247,805.21 million.
  5. Panama imported Automobiles with reciprocating piston engine di , worth US$ 223,658.32 million.

Exports and Imports of Product Groups 2009

Exports and imports of products by stages of processing in 2009 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2009

Tariffs imposed by Panama in 2009 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.76 percent.
  • The trade weighted average tariff was 7.04 .
  • The total duty free imports in thousands of US dollars were 3,813,448.45 and duty free tariff line items share was 21.80 percent.

Development Indicators 2009

Key Development Indicators of Panama in 2009 are below

  • Panama GDP in current US dollar was 27,117 million.
  • GNI per capita, Atlas method (current US$) was 6,900.00 .
  • Panama Trade balance: as % of GDP was 0.65.
  • Trade balance in current US$ was 176.00 million.
  • Trade as percentage of GDP was 138.98 .
  • Trade in services as percentage of GDP was 28.34 .

Trade Indicators 2009

Trade Indicators for Panama in 2009 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 5.57.
  • World Growth in percentage was -12.27 and Panama Country Growth was -5.56 .