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Panama Trade

Latest trade data available from various sources.
Panama monthly trade data

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

Year
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.

TRADE SUMMARY FOR Panama

Overall Exports and Imports for Panama 2017

  • The total value of exports (FOB) is US$ 10,601 million.
  • The total value of imports (CIF) is US$ 21,934 million.
  • At the HS6 digit level, 3,187 products are exported to 107 countries and 3,944 products are imported from 111 countries.

Top 5 Products exports imports at HS 6 digit level 2017

The top five exported HS 6 digit level products to world by Panama along with trade value are:

  • Panama exported Other medicaments of mixed or unmixed products, , worth US$ 1,479,018.35 million.
  • Panama exported Amino-acids and their esters, not >1 oxygen fun , worth US$ 597,016.31 million.
  • Panama exported Sulphonamides , worth US$ 481,826.11 million.
  • Panama exported Perfumes and toilet waters , worth US$ 374,063.41 million.
  • Panama exported Aromatic monoamines and their derivatives, nes; , worth US$ 256,745.67 million.

The top five imported HS 6 digit level products from world by Panama along with trade value are

  • Panama imported Petroleum oils, etc, (excl. crude); preparation , worth US$ 1,891,963.76 million.
  • Panama imported Other medicaments of mixed or unmixed products, , worth US$ 1,360,527.64 million.
  • Panama imported Amino-acids and their esters, not >1 oxygen fun , worth US$ 732,908.29 million.
  • Panama imported Sulphonamides , worth US$ 530,139.97 million.
  • Panama imported Transmission apparatus, for radioteleph incorpo , worth US$ 410,612.53 million.

Panama top 5 Export and Import partners 2017

The top five countries to which Panama exported 2017 along with the partner share in percentage are:

  1. Panama exports to United States worth US$ 2,146 million, with a partner share of 20.24 percent.
  2. Panama exports to Unspecified worth US$ 1,092 million, with a partner share of 10.30 percent.
  3. Panama exports to Colombia worth US$ 946 million, with a partner share of 8.92 percent.
  4. Panama exports to Costa Rica worth US$ 714 million, with a partner share of 6.74 percent.
  5. Panama exports to Dominican Republic worth US$ 524 million, with a partner share of 4.94 percent.

The top five countries to which Panama imported goods 2017 along with the share in percentage are

  1. Panama imports from China worth US$ 4,351 million, with a partner share of 19.84 percent.
  2. Panama imports from United States worth US$ 4,063 million, with a partner share of 18.52 percent.
  3. Panama imports from Free Zones worth US$ 2,807 million, with a partner share of 12.80 percent.
  4. Panama imports from Singapore worth US$ 1,521 million, with a partner share of 6.93 percent.
  5. Panama imports from Mexico worth US$ 942 million, with a partner share of 4.30 percent.

Panama Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import.


Tariff and Trade Barriers

Tariffs 2015

Tariffs imposed by Panama in 2015 are below.

  • The maximum rate of tariff in percentage on any product is 260.
  • The simple average tariff across all products is 7.37.
  • The trade weighted average tariff is 5.41.
  • The total duty free imports in thousands of US dollars are 3,736,201.39 and duty free tariff line items share is 22.17.

Overall Trade Restrictiveness Index (OTRI) 2009

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  • Overall Trade Restrictiveness Index - Applied Tariff for the year 2009 is 0.08.
  • Overall Trade Restrictiveness Index - MFN Tariff for the year 2009 is 0.08.

Non-Tariff Measures (NTM)

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  • No Of NTM Measures is 46.
  • No Of NTM Affected Products (HS 6 Digit) is 1,211.

Temporary Trade Barriers Database (TTDB) .

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  • Temporary Trade Barriers in Effect - Simple Average for the year is not available.
  • Temporary Trade Barriers in Effect - Weighted Average for the year is not available.

Panama World Development Indicators (WDI) 2019

Key Development Indicators of Panama in 2019 are below

WDI

Panama Doing Business 2019

  • The ease of doing business rank for Panama is 86.
  • The trade across border rank is 59.
Doing Business

Panama Country Policy and Institutional Assessment (CPIA),

  • The CPIA Trade Ratings for is not available.
CPIA

PanamaLogistics Performance Index (LPI) 2016

  • The LPI score for Panama in 2016 is 3.34.
  • The LPI rank is 40.
LPI

Panama Services Service Policy Restrictive Database (SPRD)

  • Services Trade Restrictions Index (Over All) for Panama is 47.80.
SPRD