Panama Trade at a Glance : Most Recent Values

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) 11,195
No. Of products 3,288
No. Of partners 123
Imports (in US$ Mil) 9,238
No. Of products 3,045
No. Of partners 97

Trade Indicator

HH Market concentration index0.06
Index of export market penetration3.89
World Growth-4.43
Country Growth-14.68

Service Indicators 2016

Service imports (BoP, current US$)4,462,900,000.00
Service exports (BoP, current US$)12,383,100,000.00
Imports of goods and services (% of GDP)49.57
Exports of goods and services (% of GDP)44.77

Panama top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
United States2,308 20.62
Colombia1,064 9.50
Unspecified1,004 8.97
Costa Rica753 6.73
Venezuela602 5.38
Exporter Trade (US$ Mil) Partner share(%)
China2,894 31.33
Singapore1,749 18.93
United States880 9.53
Mexico481 5.21
Vietnam314 3.40

Panama Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials431 3.85 24 0.26 6.01
Intermediate goods2,337 20.88 2,116 22.90 0.75
Consumer goods6,770 60.48 5,706 61.77 7.47
Capital goods1,655 14.79 1,391 15.05 4.06

Top 5 Products exports imports at HS 6 digit level

Other medicaments of ...1,470,239.95
Amino-acids and thei ...811,780.48
Perfumes and toilet ...380,513.52
Parts of electrical ...291,279.81
Other medicaments of ...1,232,998.18
Amino-acids and thei ...758,562.06
Perfumes and toilet ...295,235.84
Footwear, nes, not c ...191,943.35

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)

2016 WDI »
GDP (current US$ Mil)55,188
GNI per capita, Atlas method (current US$)12,140.00
Trade Balance (current US$ Mil)-2,650.00
Trade Balance (% of GDP)-4.80

Doing Business

2018 Doing Business »
Ease of Doing Business Rank79
Trading Across Borders Rank54

Country Policy and Institutional Assessment (CPIA)

CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score3.34
LPI Rank40