Loading..

Panama Trade Summary

2012

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

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2012

Overall Exports and Imports for Panama 2012

Exports and imports of Panama in 2012 are below, along with number of countries and products

  • The total value of exports (FoB) was 16,766 million.
  • The total value of imports (CIF) was 27,209 million.
  • At the HS6 digit level, 3,159 products were exported to 115 countries and 3,962 products were imported from 102 countries.

Panama top 5 Export and Import partners 2012

Top five countries to which Panama exported in 2012 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 4,070 million, with a partner share of 24.27 percent.
  2. Panama exports to Venezuela worth US$ 3,023 million, with a partner share of 18.03 percent.
  3. Panama exports to Colombia worth US$ 1,896 million, with a partner share of 11.31 percent.
  4. Panama exports to Unspecified worth US$ 1,487 million, with a partner share of 8.87 percent.
  5. Panama exports to Costa Rica worth US$ 699 million, with a partner share of 4.17 percent.

Top five countries from which Panama imported goods in 2012 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 5,891 million, with a partner share of 21.65 percent.
  2. Panama imports from United States worth US$ 4,299 million, with a partner share of 15.80 percent.
  3. Panama imports from Free Zones worth US$ 3,964 million, with a partner share of 14.57 percent.
  4. Panama imports from Singapore worth US$ 3,412 million, with a partner share of 12.54 percent.
  5. Panama imports from Mexico worth US$ 1,105 million, with a partner share of 4.06 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2012

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

  1. Panama exported Sulphonamides , worth 2,340,198.21 (US$ Thousands).
  2. Panama exported Other medicaments of mixed or unmixed products, , worth 1,012,073.48 (US$ Thousands).
  3. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 796,051.92 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 579,039.88 (US$ Thousands).
  5. Panama exported Medicaments of other hormones, for retail sale, , worth 499,542.34 (US$ Thousands).

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 2,662,738.43 (US$ Thousands).
  2. Panama imported Sulphonamides , worth 2,242,991.94 (US$ Thousands).
  3. Panama imported Other medicaments of mixed or unmixed products, , worth 991,441.36 (US$ Thousands).
  4. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 868,917.61 (US$ Thousands).
  5. Panama imported Footwear, nes, not covering the ankle, of rubbe , worth 401,612.95 (US$ Thousands).

Exports and Imports of Product Groups 2012

Exports and imports of products by stages of processing in 2012 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2012

Tariffs imposed by Panama in 2012 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.28 percent.
  • The trade weighted average tariff was 6.13 .
  • The total duty free imports in thousands of US dollars were 3,920,533.92 and duty free tariff line items share was 24.17 percent.

Development Indicators 2012

Key Development Indicators of Panama in 2012 are below

  • Panama GDP in current US dollar was 40,430 million.
  • GNI per capita, Atlas method (current US$) was 9,580.00 .
  • Panama Trade balance: as % of GDP was -7.68.
  • Trade balance in current US$ was -3,104.00 million.
  • Trade as percentage of GDP was 158.06 .
  • Trade in services as percentage of GDP was 35.57 .

Trade Indicators 2012

Trade Indicators for Panama in 2012 are below

  • Hirschman Herfindahl market concentration index was 0.09.
  • Index of export market penetration was 5.44.
  • World Growth in percentage was 0.17 and Panama Country Growth was 3.52 .