Panama Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Panama monthly trade data

Country / Region
For viewing trade, tariff data for country or region by year click here.
Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.



Overall Exports and Imports

Exports (in US$ Mil) 10,601
No. Of products 3,187
No. Of partners 107
Imports (in US$ Mil) 21,934
No. Of products 3,944
No. Of partners 111

Trade Indicator

HH Market concentration index0.06
Index of export market penetration4.52
World Growth5.68
Country Growth13.74

Service Indicators 2019

Service imports (BoP, current US$)5,123,526,670.94
Service exports (BoP, current US$)13,932,590,929.00
Imports of goods and services (% of GDP)43.43
Exports of goods and services (% of GDP)40.74

Panama top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States2,146 20.24
Unspecified1,092 10.30
Colombia946 8.92
Costa Rica714 6.74
Dominican Republic524 4.94
Exporter Trade (US$ Mil) Partner share(%)
China4,351 19.84
United States4,063 18.52
Free Zones2,807 12.80
Singapore1,521 6.93
Mexico942 4.30

Panama Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials29 0.28 429 1.96 6.01
Intermediate goods2,196 20.72 3,777 17.22 0.75
Consumer goods6,453 60.88 13,132 59.87 7.47
Capital goods1,920 18.11 4,585 20.91 4.06

Top 5 Products exports imports at HS 6 digit level

Other medicaments of ...1,479,018.35
Amino-acids and thei ...597,016.31
Perfumes and toilet ...374,063.41
Aromatic monoamines ...256,745.67
Petroleum oils, etc, ...1,891,963.76
Other medicaments of ...1,360,527.64
Amino-acids and thei ...732,908.29
Transmission apparat ...410,612.53

Tariff and Trade Barriers for Panama

Tariffs 2015

No. Of Tariff Agreement 1
Simple Average (%) 7.37
Duty Free Imports (US$ Thousand) 3,736,201.39
Maximum Rate (%) 260
Weighted Average (%) 5.41
Duty Free Tariff Lines Share (%) 22.17

Overall Trade Restrictiveness Index (OTRI) 2009

Overall Trade Restrictiveness Index - MFN Tariff (2009)0.08
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.08

Services Service Policy Restrictive Database (SPRD)

Services Trade Restrictions Index - Over All47.80

Non-Tariff Measures (NTM) 2014

No Of NTM Measures (2014)46
No Of NTM Affected Products (HS 6 Digit) (2014)1,211

Temporary Trade Barriers Database (TTDB)

Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2019 WDI »
GDP (current US$ Mil)66,788
GNI per capita, Atlas method (current US$)14,900.00
Trade Balance (current US$ Mil)-1,795.00
Trade Balance (% of GDP)-2.69

Doing Business

2019 Doing Business »
Ease of Doing Business Rank86
Trading Across Borders Rank59

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.34
LPI Rank40