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Panama Trade Summary

2011

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 2011

Overall Exports and Imports for Panama 2011

Exports and imports of Panama in 2011 are below, along with number of countries and products

  • The total value of exports (FoB) was 15,896 million.
  • The total value of imports (CIF) was 23,382 million.
  • At the HS6 digit level, 3,153 products were exported to 118 countries and 3,903 products were imported from 110 countries.

Panama top 5 Export and Import partners 2011

Top five countries to which Panama exported in 2011 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 3,831 million, with a partner share of 24.10 percent.
  2. Panama exports to Venezuela worth US$ 2,573 million, with a partner share of 16.18 percent.
  3. Panama exports to Colombia worth US$ 1,864 million, with a partner share of 11.73 percent.
  4. Panama exports to Unspecified worth US$ 1,413 million, with a partner share of 8.89 percent.
  5. Panama exports to Costa Rica worth US$ 647 million, with a partner share of 4.07 percent.

Top five countries from which Panama imported goods in 2011 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 5,585 million, with a partner share of 23.88 percent.
  2. Panama imports from United States worth US$ 3,568 million, with a partner share of 15.26 percent.
  3. Panama imports from Singapore worth US$ 3,413 million, with a partner share of 14.60 percent.
  4. Panama imports from Free Zones worth US$ 2,895 million, with a partner share of 12.38 percent.
  5. Panama imports from Mexico worth US$ 771 million, with a partner share of 3.30 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2011

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$ 3,547,106.85 million.
  2. Panama exported Other medicaments of mixed or unmixed products, , worth US$ 838,218.61 million.
  3. Panama exported Perfumes and toilet waters , worth US$ 544,321.01 million.
  4. Panama exported Medicaments of other hormones, for retail sale, , worth US$ 502,910.15 million.
  5. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth US$ 402,876.35 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$ 3,484,694.93 million.
  2. Panama imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,964,238.11 million.
  3. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 731,651.05 million.
  4. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth US$ 381,286.88 million.
  5. Panama imported Perfumes and toilet waters , worth US$ 374,133.74 million.

Exports and Imports of Product Groups 2011

Exports and imports of products by stages of processing in 2011 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2011

Tariffs imposed by Panama in 2011 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.30 percent.
  • The trade weighted average tariff was 5.76 .
  • The total duty free imports in thousands of US dollars were 7,438,448.33 and duty free tariff line items share was 23.17 percent.

Development Indicators 2011

Key Development Indicators of Panama in 2011 are below

  • Panama GDP in current US dollar was 34,686 million.
  • GNI per capita, Atlas method (current US$) was 8,590.00 .
  • Panama Trade balance: as % of GDP was -6.03.
  • Trade balance in current US$ was -2,090.00 million.
  • Trade as percentage of GDP was 162.49 .
  • Trade in services as percentage of GDP was 37.42 .

Trade Indicators 2011

Trade Indicators for Panama in 2011 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 5.35.
  • World Growth in percentage was 9.25 and Panama Country Growth was 10.54 .