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Panama Trade Summary

2013

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 2013

Overall Exports and Imports for Panama 2013

Exports and imports of Panama in 2013 are below, along with number of countries and products

  • The total value of exports (FoB) was 15,576 million.
  • The total value of imports (CIF) was 25,709 million.
  • At the HS6 digit level, 3,221 products were exported to 117 countries and 3,967 products were imported from 105 countries.

Panama top 5 Export and Import partners 2013

Top five countries to which Panama exported in 2013 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 3,703 million, with a partner share of 23.77 percent.
  2. Panama exports to Colombia worth US$ 1,919 million, with a partner share of 12.32 percent.
  3. Panama exports to Venezuela worth US$ 1,721 million, with a partner share of 11.05 percent.
  4. Panama exports to Unspecified worth US$ 1,483 million, with a partner share of 9.52 percent.
  5. Panama exports to Costa Rica worth US$ 696 million, with a partner share of 4.47 percent.

Top five countries from which Panama imported goods in 2013 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,842 million, with a partner share of 18.83 percent.
  2. Panama imports from United States worth US$ 4,343 million, with a partner share of 16.89 percent.
  3. Panama imports from Free Zones worth US$ 3,623 million, with a partner share of 14.09 percent.
  4. Panama imports from Singapore worth US$ 3,122 million, with a partner share of 12.14 percent.
  5. Panama imports from Mexico worth US$ 1,002 million, with a partner share of 3.90 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2013

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

  1. Panama exported Sulphonamides , worth 1,848,512.97 (US$ Thousands).
  2. Panama exported Other medicaments of mixed or unmixed products, , worth 1,170,011.53 (US$ Thousands).
  3. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 946,093.84 (US$ Thousands).
  4. Panama exported Other antibiotics, nes , worth 690,142.49 (US$ Thousands).
  5. Panama exported Perfumes and toilet waters , worth 550,059.03 (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 2,531,848.15 (US$ Thousands).
  2. Panama imported Sulphonamides , worth 1,961,614.18 (US$ Thousands).
  3. Panama imported Other medicaments of mixed or unmixed products, , worth 1,135,529.47 (US$ Thousands).
  4. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 737,901.65 (US$ Thousands).
  5. Panama imported Other antibiotics, nes , worth 511,790.87 (US$ Thousands).

Exports and Imports of Product Groups 2013

Exports and imports of products by stages of processing in 2013 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2013

Tariffs imposed by Panama in 2013 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 6.93 percent.
  • The trade weighted average tariff was 6.08 .
  • The total duty free imports in thousands of US dollars were 4,424,397.56 and duty free tariff line items share was 27.13 percent.

Development Indicators 2013

Key Development Indicators of Panama in 2013 are below

  • Panama GDP in current US dollar was 45,600 million.
  • GNI per capita, Atlas method (current US$) was 10,670.00 .
  • Panama Trade balance: as % of GDP was -7.31.
  • Trade balance in current US$ was -3,334.00 million.
  • Trade as percentage of GDP was 137.63 .
  • Trade in services as percentage of GDP was 34.96 .

Trade Indicators 2013

Trade Indicators for Panama in 2013 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 5.08.
  • World Growth in percentage was 1.19 and Panama Country Growth was -1.33 .