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Panama Trade Summary

2017

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 2017

Overall Exports and Imports for Panama 2017

Exports and imports of Panama in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,092 million.
  • The total value of imports (CIF) was 21,917 million.
  • At the HS6 digit level, 2,922 products were exported to 113 countries and 3,869 products were imported from 109 countries.

Panama top 5 Export and Import partners 2017

Top five countries to which Panama exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,252 million, with a partner share of 20.30 percent.
  2. Panama exports to Unspecified worth US$ 1,360 million, with a partner share of 12.26 percent.
  3. Panama exports to Colombia worth US$ 953 million, with a partner share of 8.60 percent.
  4. Panama exports to Costa Rica worth US$ 737 million, with a partner share of 6.64 percent.
  5. Panama exports to Dominican Republic worth US$ 526 million, with a partner share of 4.74 percent.

Top five countries from which Panama imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,355 million, with a partner share of 19.87 percent.
  2. Panama imports from United States worth US$ 4,060 million, with a partner share of 18.52 percent.
  3. Panama imports from Free Zones worth US$ 2,787 million, with a partner share of 12.72 percent.
  4. Panama imports from Singapore worth US$ 1,519 million, with a partner share of 6.93 percent.
  5. Panama imports from Mexico worth US$ 943 million, with a partner share of 4.30 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2017

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 1,485,209.48 (US$ Thousands).
  2. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 811,457.24 (US$ Thousands).
  3. Panama exported Sulphonamides , worth 512,982.07 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 374,001.99 (US$ Thousands).
  5. Panama exported Other antibiotics, nes , worth 247,293.92 (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 1,891,932.86 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 1,370,250.14 (US$ Thousands).
  3. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 812,253.66 (US$ Thousands).
  4. Panama imported Sulphonamides , worth 529,998.42 (US$ Thousands).
  5. Panama imported Transmission apparatus, for radioteleph incorpo , worth 410,225.13 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Panama in 2017 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 2017

Key Development Indicators of Panama in 2017 are below

  • Panama GDP in current US dollar was 62,203 million.
  • GNI per capita, Atlas method (current US$) was 13,770.00 .
  • Panama Trade balance: as % of GDP was -3.82.
  • Trade balance in current US$ was -2,376.00 million.
  • Trade as percentage of GDP was 87.43 .
  • Trade in services as percentage of GDP was 28.95 .

Trade Indicators 2017

Trade Indicators for Panama in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 5.17.
  • World Growth in percentage was 5.17 and Panama Country Growth was 3.23 .