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Panama Trade Summary

2016

Panama exports, imports, tariff by year.
Panama monthly 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 2016

Overall Exports and Imports for Panama 2016

Exports and imports of Panama in 2016 are below, along with number of countries and products

  • The total value of exports (FoB) was 10,843 million.
  • The total value of imports (CIF) was 20,926 million.
  • At the HS6 digit level, 2,905 products were exported to 104 countries and 3,903 products were imported from 105 countries.

Panama top 5 Export and Import partners 2016

Top five countries to which Panama exported in 2016 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,287 million, with a partner share of 21.09 percent.
  2. Panama exports to Colombia worth US$ 1,058 million, with a partner share of 9.76 percent.
  3. Panama exports to Unspecified worth US$ 968 million, with a partner share of 8.92 percent.
  4. Panama exports to Costa Rica worth US$ 737 million, with a partner share of 6.80 percent.
  5. Panama exports to Venezuela worth US$ 597 million, with a partner share of 5.50 percent.

Top five countries from which Panama imported goods in 2016 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 3,965 million, with a partner share of 18.95 percent.
  2. Panama imports from United States worth US$ 3,876 million, with a partner share of 18.52 percent.
  3. Panama imports from Free Zones worth US$ 2,425 million, with a partner share of 11.59 percent.
  4. Panama imports from Singapore worth US$ 1,762 million, with a partner share of 8.42 percent.
  5. Panama imports from Mexico worth US$ 1,100 million, with a partner share of 5.26 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2016

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 US$ 1,421,085.54 million.
  2. Panama exported Sulphonamides , worth US$ 846,153.73 million.
  3. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth US$ 811,665.65 million.
  4. Panama exported Perfumes and toilet waters , worth US$ 359,545.74 million.
  5. Panama exported Parts of electrical apparatus for line telephon , worth US$ 290,967.63 million.

The top five imported HS 6 digit level products from world by Panama along with trade value are

  1. Panama imported Other medicaments of mixed or unmixed products, , worth US$ 1,618,917.75 million.
  2. Panama imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,475,507.91 million.
  3. Panama imported Sulphonamides , worth US$ 871,060.65 million.
  4. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth US$ 759,432.88 million.
  5. Panama imported Automobiles with reciprocating piston engine di , worth US$ 396,558.49 million.

Exports and Imports of Product Groups 2016

Exports and imports of products by stages of processing in 2016 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2016

Tariffs imposed by Panama in 2016 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 2016

Key Development Indicators of Panama in 2016 are below

  • Panama GDP in current US dollar was 57,908 million.
  • GNI per capita, Atlas method (current US$) was 12,810.00 .
  • Panama Trade balance: as % of GDP was -3.46.
  • Trade balance in current US$ was -2,005.00 million.
  • Trade as percentage of GDP was 87.41 .
  • Trade in services as percentage of GDP was 29.45 .

Trade Indicators 2016

Trade Indicators for Panama in 2016 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.63.
  • World Growth in percentage was -1.38 and Panama Country Growth was -1.94 .