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Panama Trade Summary

2014

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 2014

Overall Exports and Imports for Panama 2014

Exports and imports of Panama in 2014 are below, along with number of countries and products

  • The total value of exports (FoB) was 13,777 million.
  • The total value of imports (CIF) was 24,771 million.
  • At the HS6 digit level, 3,256 products were exported to 120 countries and 3,927 products were imported from 103 countries.

Panama top 5 Export and Import partners 2014

Top five countries to which Panama exported in 2014 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,772 million, with a partner share of 20.12 percent.
  2. Panama exports to Colombia worth US$ 1,855 million, with a partner share of 13.46 percent.
  3. Panama exports to Venezuela worth US$ 1,459 million, with a partner share of 10.59 percent.
  4. Panama exports to Unspecified worth US$ 1,436 million, with a partner share of 10.42 percent.
  5. Panama exports to Costa Rica worth US$ 700 million, with a partner share of 5.08 percent.

Top five countries from which Panama imported goods in 2014 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,828 million, with a partner share of 19.49 percent.
  2. Panama imports from United States worth US$ 4,411 million, with a partner share of 17.81 percent.
  3. Panama imports from Free Zones worth US$ 3,551 million, with a partner share of 14.34 percent.
  4. Panama imports from Singapore worth US$ 2,031 million, with a partner share of 8.20 percent.
  5. Panama imports from Mexico worth US$ 991 million, with a partner share of 4.00 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2014

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

  1. Panama exported Other medicaments of mixed or unmixed products, , worth 1,590,766.50 (US$ Thousands).
  2. Panama exported Sulphonamides , worth 1,167,232.92 (US$ Thousands).
  3. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 802,460.23 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 511,752.92 (US$ Thousands).
  5. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth 295,494.99 (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 2,640,119.85 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 1,337,154.88 (US$ Thousands).
  3. Panama imported Sulphonamides , worth 899,348.88 (US$ Thousands).
  4. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 647,541.03 (US$ Thousands).
  5. Panama imported Structures and parts of structures,i or s , worth 417,179.81 (US$ Thousands).

Exports and Imports of Product Groups 2014

Exports and imports of products by stages of processing in 2014 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2014

Tariffs imposed by Panama in 2014 are below

  • The maximum rate of tariff in percentage on any product was not available percent.
  • The simple average tariff across all products was not available percent.
  • The trade weighted average tariff was not available .
  • The total duty free imports in thousands of US dollars were not available and duty free tariff line items share was not available percent.

Development Indicators 2014

Key Development Indicators of Panama in 2014 are below

  • Panama GDP in current US dollar was 49,921 million.
  • GNI per capita, Atlas method (current US$) was 11,220.00 .
  • Panama Trade balance: as % of GDP was -8.38.
  • Trade balance in current US$ was -4,181.00 million.
  • Trade as percentage of GDP was 119.09 .
  • Trade in services as percentage of GDP was 32.81 .

Trade Indicators 2014

Trade Indicators for Panama in 2014 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.75.
  • World Growth in percentage was 0.08 and Panama Country Growth was -14.64 .