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Panama Trade Summary

2010

Panama exports, imports, tariff by year.
Panama monthly trade data
Panama quarterly trade data

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 2010

Overall Exports and Imports for Panama 2010

Exports and imports of Panama in 2010 are below, along with number of countries and products

  • The total value of exports (FoB) was 10,987 million.
  • The total value of imports (CIF) was 16,737 million.
  • At the HS6 digit level, 2,998 products were exported to 124 countries and 3,899 products were imported from 103 countries.

Panama top 5 Export and Import partners 2010

Top five countries to which Panama exported in 2010 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,172 million, with a partner share of 19.77 percent.
  2. Panama exports to Venezuela worth US$ 1,772 million, with a partner share of 16.13 percent.
  3. Panama exports to Colombia worth US$ 1,718 million, with a partner share of 15.64 percent.
  4. Panama exports to Costa Rica worth US$ 557 million, with a partner share of 5.07 percent.
  5. Panama exports to Dominican Republic worth US$ 555 million, with a partner share of 5.05 percent.

Top five countries from which Panama imported goods in 2010 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,173 million, with a partner share of 24.93 percent.
  2. Panama imports from United States worth US$ 3,423 million, with a partner share of 20.45 percent.
  3. Panama imports from Singapore worth US$ 1,734 million, with a partner share of 10.36 percent.
  4. Panama imports from Hong Kong, China worth US$ 756 million, with a partner share of 4.52 percent.
  5. Panama imports from Mexico worth US$ 716 million, with a partner share of 4.28 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2010

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 1,405,710.10 (US$ Thousands).
  2. Panama exported Medicaments of other hormones, for retail sale, , worth 510,211.76 (US$ Thousands).
  3. Panama exported Other medicaments of mixed or unmixed products, , worth 440,148.88 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 361,913.64 (US$ Thousands).
  5. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth 338,754.60 (US$ Thousands).

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 1,706,595.82 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 448,699.05 (US$ Thousands).
  3. Panama imported Medicaments of other hormones, for retail sale, , worth 364,935.72 (US$ Thousands).
  4. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth 336,434.63 (US$ Thousands).
  5. Panama imported Automobiles with reciprocating piston engine di , worth 278,979.39 (US$ Thousands).

Exports and Imports of Product Groups 2010

Exports and imports of products by stages of processing in 2010 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2010

Tariffs imposed by Panama in 2010 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.48 percent.
  • The trade weighted average tariff was 6.93 .
  • The total duty free imports in thousands of US dollars were 3,981,328.13 and duty free tariff line items share was 21.63 percent.

Development Indicators 2010

Key Development Indicators of Panama in 2010 are below

  • Panama GDP in current US dollar was 29,440 million.
  • GNI per capita, Atlas method (current US$) was 7,290.00 .
  • Panama Trade balance: as % of GDP was -8.19.
  • Trade balance in current US$ was -2,411.00 million.
  • Trade as percentage of GDP was 148.28 .
  • Trade in services as percentage of GDP was 32.81 .

Trade Indicators 2010

Trade Indicators for Panama in 2010 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 5.32.
  • World Growth in percentage was 10.04 and Panama Country Growth was 2.85 .