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) 8,659
No. Of products 2,871
No. Of partners 111
Imports (in US$ Mil) 14,717
No. Of products 3,796
No. Of partners 112

Trade Indicator

HH Market concentration index0.06
Index of export market penetration4.37
World Growth-3.91
Country Growth-3.82

Service Indicators 2020

Service imports (BoP, current US$)3,069,659,779.93
Service exports (BoP, current US$)8,555,358,743.80
Imports of goods and services (% of GDP)...
Exports of goods and services (% of GDP)...

Panama top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States905 10.45
Costa Rica728 8.41
Unspecified692 8.00
Colombia569 6.57
Guatemala488 5.63
Exporter Trade (US$ Mil) Partner share(%)
China3,395 23.07
United States2,707 18.39
Free Zones1,604 10.90
Mexico753 5.12
Singapore393 2.67

Panama Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials659 7.61 505 3.43 23.53
Intermediate goods700 8.09 1,806 12.27 3.23
Consumer goods5,168 59.69 9,159 62.24 7.41
Capital goods2,131 24.61 3,240 22.02 2.17

Top 5 Products exports imports at HS 6 digit level

Other medicaments of ...1,297,800.96
Transmission apparat ...434,065.91
Storage units, wheth ...351,274.56
Copper ores and conc ...252,068.09
Perfumes and toilet ...230,648.16
Other medicaments of ...1,433,767.67
Petroleum oils, etc, ...779,775.78
Transmission apparat ...499,529.51
Storage units, wheth ...356,472.04
Television receivers ...188,064.15

Tariff and Trade Barriers for Panama

Tariffs 2020

No. Of Tariff Agreement 1
Simple Average (%) 6.19
Duty Free Imports (US$ Thousand) 7,773,421.56
Maximum Rate (%) 260
Weighted Average (%) 5.77
Duty Free Tariff Lines Share (%) 32.19

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)

2020 WDI »
GDP (current US$ Mil)52,938
GNI per capita, Atlas method (current US$)11,880.00
Trade Balance (current US$ Mil)...
Trade Balance (% of GDP)...

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