Panama Trade Summary

2021 Data

Panama exports, imports, tariff by year.

Country / 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

Overall Exports and Imports

Exportsmore »
Exports (in US$ Mil): 3,782
No. Of products: 379
No. Of partners: 99
Importsmore »
Imports (in US$ Mil): 13,313
No. Of products: 3,743
No. Of partners: 105

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Copper ores and conc ...2,930,783.34
Bananas, including p ...172,506.72
Crude palm oil48,222.39
Keruing, Ramin, Kapu ...46,862.93
Waste and scrap, cas ...45,211.03
Imports (US$ Thousands)
Petroleum oils, etc, ...1,930,451.87
Other medicaments of ...608,022.45
Automobiles with rec ...267,548.65
Maize (excl. seed)196,057.68
Transmission apparat ...191,432.00

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China1,199 31.71
Japan497 13.15
Korea, Rep.387 10.23
Spain328 8.68
India192 5.06
Exporter Trade (US$ Mil) Partner share(%)
United States3,395 25.50
Free Zones3,052 22.93
China1,578 11.85
Mexico650 4.88
Costa Rica537 4.03

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,445 91.08 702 5.28 18.46
Intermediate goods176 4.66 1,774 13.32 4.49
Consumer goods147 3.89 8,530 64.07 7.28
Capital goods14 0.37 2,298 17.27 2.32

Trade Indicators

more »
HH Market concentration index: 0.06
Index of export market penetration: 4.86
World Growth: 12.50
Country Growth: 19.43

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 260
Simple Average (%): 5.99
Weighted Average (%): 6.43
Duty Free Imports (US$ Thousand): 4,275,754.56
Duty Free Tariff Lines Share (%): 33.38

Development Indicators

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GDP (current US$): 67,407
GNI per capita, Atlas method (current US$): 14,660.00
Trade Balance (% of GDP): ...
Trade Balance (current US$ Mil): ...
Trade in services (% of GDP): 21.94
Trade (% of GDP): ...