Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Panama | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2005 - 2016

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2005
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2016
TOTAL. ALL COMMODITIESPanamaWorldExportsValue (US$)963,215,608.008,033,926,025.008,820,595,019.009,816,620,377.0010,716,686,967.0010,986,602,587.0014,554,815,811.0015,944,740,415.0014,732,126,258.0013,777,171,945.0012,043,377,104.0010,843,210,513.00
Value Growth, YoY (%)8.09734.079.7911.299.162.5132.479.54-7.60-6.48-12.58-9.96
ImportsValue (US$)4,152,485,854.0010,774,926,463.0013,268,934,578.0015,736,508,943.0013,876,550,265.0016,737,103,355.0021,801,598,457.0014,585,177,183.0012,684,825,298.0024,771,140,827.0022,503,479,723.0020,926,278,918.00
Value Growth, YoY (%)15.65159.4823.1418.59-11.8120.6130.25-33.10-13.0295.28-9.15-7.00

The value of merchandise exports from Panama totalled $ 10.8 billion in 2016. Overall commodity exports from Panama decreased by 9.96% compared to 2015. Merchandise exports decreased by $ 1.2 billion (the value of merchandise exports from Panama amounted to $12 billion in 2015)

Panama's exports 2016 by country

Top export destinations of commodities from Panama in 2016:

  • USA with a share of 21% (2.28 billion US$)
  • Colombia with a share of 9.75% (1.05 billion US$)
  • Areas, nes with a share of 8.92% (967 million US$)
  • Costa Rica with a share of 6.79% (736 million US$)
  • Venezuela with a share of 5.5% (596 million US$)
  • Dominican Republic with a share of 4.96% (538 million US$)
  • Guatemala with a share of 4.38% (475 million US$)
  • Honduras with a share of 3.6% (390 million US$)
  • Nicaragua with a share of 3.27% (355 million US$)
  • El Salvador with a share of 3.15% (341 million US$)

Exports structure from Panama in 2016 represented by the following main commodity groups:

  • 16.8% (1.82 billion US$): 29 - Organic chemicals
  • 14.2% (1.54 billion US$): 30 - Pharmaceutical products
  • 9.82% (1.06 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 7.83% (850 million US$): 64 - Footwear, gaiters and the like; parts of such articles
  • 7.29% (791 million US$): 62 - Articles of apparel and clothing accessories, not knitted or crocheted
  • 6.51% (706 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.83% (524 million US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 4.1% (445 million US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 2.85% (309 million US$): 22 - Beverages, spirits and vinegar
  • 2.09% (226 million US$): 40 - Rubber and articles thereof

What did Panama export in 2016?

Panama's Top Exports in 2016:

  • 13.7% ($1.49 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 7.8% ($846 million): 2935 - Sulphonamides
  • 7.48% ($811 million): 2922 - Oxygen-function amino-compounds
  • 3.82% ($414 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 3.68% ($399 million): 6402 - Other footwear with outer soles and uppers of rubber or plastics
  • 3.31% ($359 million): 3303 - Perfumes and toilet waters
  • 2.69% ($292 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages
  • 2.59% ($281 million): 6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather
  • 1.98% ($214 million): 6204 - Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear)
  • 1.93% ($210 million): 6203 - Men's or boys' suits, ensembles, jackets, blazers, trousers, bib and brace overalls, breeches and shorts (other than swimwear).

The value of merchandise imports to Panama totalled $ 20 billion in 2016. Overall commodity imports to Panama decreased by 7% compared to 2015. Merchandise imports decreased by $ 1.57 billion (the value of merchandise imports to Panama was equal to $22 billion in 2015)

Panama's imports 2016 by country

Top trading partners (import sources) of Panama in 2016:

  • China with a share of 18.9% (3.96 billion US$)
  • USA with a share of 18.5% (3.87 billion US$)
  • Free Zones with a share of 11.5% (2.42 billion US$)
  • Singapore with a share of 8.42% (1.76 billion US$)
  • Mexico with a share of 5.25% (1.1 billion US$)
  • Costa Rica with a share of 2.28% (477 million US$)
  • Colombia with a share of 2.2% (460 million US$)
  • Japan with a share of 2.09% (439 million US$)
  • Korea with a share of 1.95% (409 million US$)
  • Germany with a share of 1.91% (400 million US$)

Imports structure to Panama in 2016 represented by the following main commodity groups:

  • 9.2% (1.92 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 9.05% (1.89 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.77% (1.83 billion US$): 29 - Organic chemicals
  • 8.74% (1.82 billion US$): 30 - Pharmaceutical products
  • 7.56% (1.58 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 7.16% (1.5 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 5.02% (1.05 billion US$): 62 - Articles of apparel and clothing accessories, not knitted or crocheted
  • 4.57% (956 million US$): 64 - Footwear, gaiters and the like; parts of such articles
  • 2.71% (568 million US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 2.51% (525 million US$): 39 - Plastics and articles thereof

What did Panama import in 2016?

Panama's Top Imports in 2016:

  • 8.28% ($1.73 billion): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 7.05% ($1.47 billion): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 4.47% ($936 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 4.16% ($871 million): 2935 - Sulphonamides
  • 3.65% ($765 million): 2922 - Oxygen-function amino-compounds
  • 2.7% ($566 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 2.14% ($448 million): 6402 - Other footwear with outer soles and uppers of rubber or plastics
  • 1.62% ($339 million): 6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather
  • 1.54% ($323 million): 6204 - Women's or girls' suits, ensembles, jackets, blazers, dresses, skirts, divided skirts, trousers, bib and brace overalls, breeches and shorts (other than swimwear)
  • 1.51% ($317 million): 3303 - Perfumes and toilet waters

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Panama | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2005 - 2016