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Panama Trade Summary

2015

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 2015

Overall Exports and Imports for Panama 2015

Exports and imports of Panama in 2015 are below, along with number of countries and products

  • The total value of exports (FoB) was 12,043 million.
  • The total value of imports (CIF) was 22,503 million.
  • At the HS6 digit level, 3,034 products were exported to 116 countries and 3,926 products were imported from 105 countries.

Panama top 5 Export and Import partners 2015

Top five countries to which Panama exported in 2015 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,611 million, with a partner share of 21.68 percent.
  2. Panama exports to Colombia worth US$ 1,490 million, with a partner share of 12.37 percent.
  3. Panama exports to Unspecified worth US$ 1,197 million, with a partner share of 9.94 percent.
  4. Panama exports to Venezuela worth US$ 747 million, with a partner share of 6.20 percent.
  5. Panama exports to Costa Rica worth US$ 692 million, with a partner share of 5.75 percent.

Top five countries from which Panama imported goods in 2015 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,698 million, with a partner share of 20.88 percent.
  2. Panama imports from United States worth US$ 4,101 million, with a partner share of 18.22 percent.
  3. Panama imports from Free Zones worth US$ 2,521 million, with a partner share of 11.20 percent.
  4. Panama imports from Singapore worth US$ 1,978 million, with a partner share of 8.79 percent.
  5. Panama imports from Mexico worth US$ 953 million, with a partner share of 4.23 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2015

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 1,607,461.44 (US$ Thousands).
  2. Panama exported Sulphonamides , worth 1,197,964.02 (US$ Thousands).
  3. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 525,831.56 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 443,774.33 (US$ Thousands).
  5. Panama exported Footwear, nes, not covering the ankle, of rubbe , worth 250,978.57 (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 1,540,877.92 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 1,387,673.44 (US$ Thousands).
  3. Panama imported Sulphonamides , worth 1,183,050.10 (US$ Thousands).
  4. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 571,365.44 (US$ Thousands).
  5. Panama imported Automobiles with reciprocating piston engine di , worth 412,507.91 (US$ Thousands).

Exports and Imports of Product Groups 2015

Exports and imports of products by stages of processing in 2015 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2015

Tariffs imposed by Panama in 2015 are below

  • The maximum rate of tariff in percentage on any product was 260 percent.
  • The simple average tariff across all products was 7.37 percent.
  • The trade weighted average tariff was 5.41 .
  • The total duty free imports in thousands of US dollars were 3,736,201.39 and duty free tariff line items share was 22.17 percent.

Development Indicators 2015

Key Development Indicators of Panama in 2015 are below

  • Panama GDP in current US dollar was 54,092 million.
  • GNI per capita, Atlas method (current US$) was 12,240.00 .
  • Panama Trade balance: as % of GDP was -4.57.
  • Trade balance in current US$ was -2,470.00 million.
  • Trade as percentage of GDP was 99.94 .
  • Trade in services as percentage of GDP was 30.85 .

Trade Indicators 2015

Trade Indicators for Panama in 2015 are below

  • Hirschman Herfindahl market concentration index was 0.05.
  • Index of export market penetration was 4.55.
  • World Growth in percentage was -6.31 and Panama Country Growth was -2.77 .