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Panama Trade Summary

2019

Panama exports, imports, tariff by year.

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 2019

Overall Exports and Imports for Panama 2019

Exports and imports of Panama in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 10,478 million.
  • The total value of imports (CIF) was 21,484 million.
  • At the HS6 digit level, 2,923 products were exported to 119 countries and 3,877 products were imported from 118 countries.

Panama top 5 Export and Import partners 2019

Top five countries to which Panama exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Panama exports to United States worth US$ 1,351 million, with a partner share of 12.90 percent.
  2. Panama exports to Unspecified worth US$ 1,110 million, with a partner share of 10.60 percent.
  3. Panama exports to Colombia worth US$ 867 million, with a partner share of 8.27 percent.
  4. Panama exports to Costa Rica worth US$ 707 million, with a partner share of 6.75 percent.
  5. Panama exports to Dominican Republic worth US$ 562 million, with a partner share of 5.37 percent.

Top five countries from which Panama imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Panama imports from China worth US$ 4,634 million, with a partner share of 21.57 percent.
  2. Panama imports from United States worth US$ 3,973 million, with a partner share of 18.49 percent.
  3. Panama imports from Free Zones worth US$ 3,020 million, with a partner share of 14.06 percent.
  4. Panama imports from Mexico worth US$ 901 million, with a partner share of 4.20 percent.
  5. Panama imports from Singapore worth US$ 859 million, with a partner share of 4.00 percent.

Panama Top 5 Productsexports imports at HS 6 digit level 2019

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 1,413,741.89 (US$ Thousands).
  2. Panama exported Amino-acids and their esters, not >1 oxygen fun , worth 455,894.81 (US$ Thousands).
  3. Panama exported Transmission apparatus, for radioteleph incorpo , worth 348,976.50 (US$ Thousands).
  4. Panama exported Perfumes and toilet waters , worth 331,847.90 (US$ Thousands).
  5. Panama exported Storage units, whether or not presented with th , worth 253,704.09 (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 2,046,656.62 (US$ Thousands).
  2. Panama imported Other medicaments of mixed or unmixed products, , worth 1,471,776.90 (US$ Thousands).
  3. Panama imported Amino-acids and their esters, not >1 oxygen fun , worth 519,673.58 (US$ Thousands).
  4. Panama imported Transmission apparatus, for radioteleph incorpo , worth 489,152.54 (US$ Thousands).
  5. Panama imported Automobiles with reciprocating piston engine di , worth 313,888.84 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Panama in 2019 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 2019

Key Development Indicators of Panama in 2019 are below

  • Panama GDP in current US dollar was 69,722 million.
  • GNI per capita, Atlas method (current US$) was 15,470.00 .
  • Panama Trade balance: as % of GDP was not available.
  • Trade balance in current US$ was not available.
  • Trade as percentage of GDP was not available .
  • Trade in services as percentage of GDP was 27.03 .

Trade Indicators 2019

Trade Indicators for Panama in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 4.89.
  • World Growth in percentage was -1.34 and Panama Country Growth was 2.99 .