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

Trade Indicator

HH Market concentration index0.06
Index of export market penetration4.70
World Growth12.59
Country Growth19.61

Service Indicators 2021

Service imports (BoP, current US$)4,143,348,455.99
Service exports (BoP, current US$)10,648,304,820.10
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(%)
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

Panama 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

Top 5 Products exports imports at HS 6 digit level

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
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

Tariff and Trade Barriers for Panama

Tariffs 2021

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

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)

2021 WDI »
GDP (current US$ Mil)67,407
GNI per capita, Atlas method (current US$)14,660.00
Trade Balance (current US$ 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