Panama Trade Summary

2022 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): 3,652
No. Of products: 395
No. Of partners: 96
Importsmore »
Imports (in US$ Mil): 15,224
No. Of products: 3,698
No. Of partners: 107

Top 5 Products exports imports at HS 6 digit level

Exports (US$ Thousands)  
Copper ores and conc ...2,797,163.50
Bananas, including p ...128,340.39
Frozen shrimps and p ...68,193.66
Crude palm oil49,298.80
Other medicaments of ...46,095.04
Imports (US$ Thousands)
Petroleum oils, etc, ...3,169,146.08
Other medicaments of ...585,623.44
Automobiles with rec ...253,313.32
Automobiles with rec ...204,363.15
Maize (excl. seed)198,572.81

Top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
China1,195 32.71
Japan548 15.02
Korea, Rep.270 7.39
India236 6.46
Germany233 6.38
Exporter Trade (US$ Mil) Partner share(%)
Free Zones4,024 26.43
United States3,687 24.22
China1,645 10.80
Mexico653 4.29
Costa Rica497 3.27

Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials3,280 89.82 727 4.77 18.10
Intermediate goods204 5.58 2,142 14.07 4.03
Consumer goods163 4.47 9,828 64.55 7.00
Capital goods5 0.14 2,521 16.56 2.30

Trade Indicators

more »
HH Market concentration index: 0.07
Index of export market penetration: 4.51
World Growth: 5.18
Country Growth: 0.88

Tariffs

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No Of Tariff Agreement: 1
Maximum Rate (%): 260
Simple Average (%): 5.91
Weighted Average (%): 6.09
Duty Free Imports (US$ Thousand): 4,500,509.10
Duty Free Tariff Lines Share (%): 33.66

Development Indicators

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GDP (current US$): 76,523
GNI per capita, Atlas method (current US$): 16,750.00
Trade Balance (% of GDP): ...
Trade Balance (current US$ Mil): ...
Trade in services (% of GDP): 27.23
Trade (% of GDP): ...