Overall Exports and Imports for Panama 2023
- The total value of exports (FOB) is US$ 3,367 million.
- The total value of imports (CIF) is US$ 14,521 million.
- At the HS6 digit level, 480 products are exported to 94 countries and 3,672 products are imported from 106 countries.
Top 5 Products exports imports at HS 6 digit level 2023
The top five exported HS 6 digit level products to world by Panama along with trade value are:
- Panama exported Copper ores and concentrates , worth 2,469,049.58 (US$ Thousands).
- Panama exported Bananas, including plantains, fresh or dried , worth 148,852.24 (US$ Thousands).
- Panama exported Frozen shrimps and prawns , worth 59,176.82 (US$ Thousands).
- Panama exported Other medicaments of mixed or unmixed products, , worth 52,283.13 (US$ Thousands).
- Panama exported Crude palm oil , worth 49,836.09 (US$ Thousands).
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 2,694,798.61 (US$ Thousands).
- Panama imported Other medicaments of mixed or unmixed products, , worth 546,308.69 (US$ Thousands).
- Panama imported Automobiles with reciprocating piston engine di , worth 281,876.59 (US$ Thousands).
- Panama imported Automobiles with reciprocating piston engine di , worth 244,847.76 (US$ Thousands).
- Panama imported Transmission apparatus, for radioteleph incorpo , worth 193,382.10 (US$ Thousands).
Panama top 5 Export and Import partners 2023
The top five countries to which Panama exported 2023 along with the partner share in percentage are:
- Panama exports to China worth US$ 1,316 million, with a partner share of 39.10 percent.
- Panama exports to Japan worth US$ 442 million, with a partner share of 13.14 percent.
- Panama exports to Korea, Rep. worth US$ 233 million, with a partner share of 6.92 percent.
- Panama exports to Spain worth US$ 205 million, with a partner share of 6.08 percent.
- Panama exports to India worth US$ 174 million, with a partner share of 5.17 percent.
The top five countries to which Panama imported goods 2023 along with the share in percentage are
- Panama imports from Free Zones worth US$ 4,137 million, with a partner share of 28.49 percent.
- Panama imports from United States worth US$ 2,746 million, with a partner share of 18.91 percent.
- Panama imports from China worth US$ 1,762 million, with a partner share of 12.14 percent.
- Panama imports from Mexico worth US$ 625 million, with a partner share of 4.31 percent.
- Panama imports from Costa Rica worth US$ 498 million, with a partner share of 3.43 percent.
Panama Exports and Imports of Product Groups 2023
Exports and imports of products by stages of processing in 2023 are below along with their corresponding Product Share as percent of total export or import.
- Panama Raw materials exports are worth US$ 2,962 million, product share of 87.97%.
- Panama Raw materials imports are worth US$ 712 million, product share of 4.90%.
- Panama Intermediate goods exports are worth US$ 226 million, product share of 6.70%.
- Panama Intermediate goods imports are worth US$ 1,821 million, product share of 12.54%.
- Panama Consumer goods exports are worth US$ 178 million, product share of 5.29%.
- Panama Consumer goods imports are worth US$ 9,186 million, product share of 63.26%.
- Panama Capital goods exports are worth US$ 1 million, product share of 0.04%.
- Panama Capital goods imports are worth US$ 2,796 million, product share of 19.25%.
Panama Trade Indicators 2023
- Hirschman Herfindahl Market concentration index is 0.08.
- Index of export market penetration is 0.08.
- World Growth in percentage is 0.08 and Panama Country Growth is -4.02.
Panama Service Trade data from WDI 2023
- Panama, Service imports (BoP, current US$) is 5,907,096,621.43.
- Panama, Service exports (BoP, current US$) is 17,771,570,634.09.
- Panama, Imports of goods and services as percentage of GDP is 43.06 %.
- Panama, Exports of goods and services as percentage of GDP is 46.47 %.