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Panama Trade Summary

2018

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 2018

Overall Exports and Imports for Panama 2018

Exports and imports of Panama in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 11,480 million.
  • The total value of imports (CIF) was 22,975 million.
  • At the HS6 digit level, 2,918 products were exported to 112 countries and 3,880 products were imported from 111 countries.

Panama top 5 Export and Import partners 2018

Top five countries to which Panama exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 2,556 million, with a partner share of 22.26 percent.
  2. Panama exports to Unspecified worth US$ 1,071 million, with a partner share of 9.33 percent.
  3. Panama exports to Colombia worth US$ 929 million, with a partner share of 8.09 percent.
  4. Panama exports to Costa Rica worth US$ 743 million, with a partner share of 6.47 percent.
  5. Panama exports to Dominican Republic worth US$ 535 million, with a partner share of 4.66 percent.

Top five countries from which Panama imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Panama imports from United States worth US$ 4,657 million, with a partner share of 20.27 percent.
  2. Panama imports from China worth US$ 4,551 million, with a partner share of 19.81 percent.
  3. Panama imports from Free Zones worth US$ 3,147 million, with a partner share of 13.70 percent.
  4. Panama imports from Singapore worth US$ 1,690 million, with a partner share of 7.36 percent.
  5. Panama imports from Mexico worth US$ 891 million, with a partner share of 3.88 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2018

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 1,986,359.37 (US$ Thousands).
  2. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 793,356.52 (US$ Thousands).
  3. Panama exported Sulphonamides , worth 526,408.79 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 353,276.94 (US$ Thousands).
  5. Panama exported Parts of electrical apparatus for line telephon , worth 289,689.18 (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 2,257,495.12 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 2,030,245.46 (US$ Thousands).
  3. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 947,163.23 (US$ Thousands).
  4. Panama imported Transmission apparatus, for radioteleph incorpo , worth 425,694.50 (US$ Thousands).
  5. Panama imported Sulphonamides , worth 421,065.70 (US$ Thousands).

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Panama in 2018 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 2018

Key Development Indicators of Panama in 2018 are below

  • Panama GDP in current US dollar was 67,294 million.
  • GNI per capita, Atlas method (current US$) was 14,750.00 .
  • Panama Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 27.87 .

Trade Indicators 2018

Trade Indicators for Panama in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 5.03.
  • World Growth in percentage was 4.91 and Panama Country Growth was -2.83 .