Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Panama | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2006 - 2017

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The value of merchandise exports from Panama totalled $ 11 billion in 2017. Merchandise exports from Panama increased by 2.29% compared to 2016. Goods exports grew up by $ 248 million in 2017 (the value of merchandise exports from Panama amounted to $10.8 billion in 2016)

Panama's exports 2017 by country

Top export destinations of commodities from Panama in 2017:

  • USA with a share of 20% (2.25 billion US$)
  • Areas, nes with a share of 12.2% (1.36 billion US$)
  • Colombia with a share of 8.59% (953 million US$)
  • Costa Rica with a share of 6.64% (736 million US$)
  • Dominican Republic with a share of 4.74% (526 million US$)
  • Guatemala with a share of 4.31% (479 million US$)
  • Venezuela with a share of 4.27% (473 million US$)
  • Nicaragua with a share of 3.9% (433 million US$)
  • Honduras with a share of 3.54% (393 million US$)
  • Ecuador with a share of 3.17% (351 million US$)

Exports structure from Panama in 2017 represented by the following main commodity groups:

  • 15.5% (1.72 billion US$): 29 - Organic chemicals
  • 14.5% (1.61 billion US$): 30 - Pharmaceutical products
  • 10.3% (1.15 billion US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.03% (890 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 7.33% (813 million US$): 64 - Footwear, gaiters and the like; parts of such articles
  • 6.6% (732 million US$): 62 - Articles of apparel and clothing accessories, not knitted or crocheted
  • 4.87% (540 million US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations
  • 3.88% (431 million US$): 61 - Articles of apparel and clothing accessories, knitted or crocheted
  • 3.09% (343 million US$): 22 - Beverages, spirits and vinegar
  • 1.95% (216 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

What did Panama export in 2017?

Panama's Top Exports in 2017:

  • 14% ($1.55 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
  • 7.33% ($813 million): 2922 - Oxygen-function amino-compounds
  • 4.62% ($512 million): 2935 - Sulphonamides
  • 4.12% ($457 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
  • 3.37% ($374 million): 3303 - Perfumes and toilet waters
  • 3.36% ($372 million): 6402 - Other footwear with outer soles and uppers of rubber or plastics
  • 2.86% ($317 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages
  • 2.57% ($285 million): 6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather
  • 2.22% ($247 million): 2941 - Antibiotics
  • 1.83% ($204 million): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included

The value of merchandise imports to Panama totalled $ 21 billion in 2017. Merchandise imports to Panama increased by 4.73% compared to 2016. Goods imports grew up by $ 991 million in 2017 (the value of merchandise imports to Panama was equal to $20 billion in 2016)

Panama's imports 2017 by country

Top trading partners (import sources) of Panama in 2017:

  • China with a share of 19.8% (4.35 billion US$)
  • USA with a share of 18.5% (4.05 billion US$)
  • Free Zones with a share of 12.7% (2.78 billion US$)
  • Singapore with a share of 6.93% (1.51 billion US$)
  • Mexico with a share of 4.3% (943 million US$)
  • Korea with a share of 2.67% (585 million US$)
  • Costa Rica with a share of 2.25% (493 million US$)
  • Germany with a share of 2% (438 million US$)
  • Colombia with a share of 1.97% (432 million US$)
  • Japan with a share of 1.95% (428 million US$)

Imports structure to Panama in 2017 represented by the following main commodity groups:

  • 10.6% (2.33 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 9.77% (2.14 billion US$): 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
  • 9.1% (1.99 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 7.97% (1.74 billion US$): 29 - Organic chemicals
  • 7.34% (1.61 billion US$): 30 - Pharmaceutical products
  • 6.52% (1.43 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 4.45% (975 million US$): 62 - Articles of apparel and clothing accessories, not knitted or crocheted
  • 4.31% (946 million US$): 64 - Footwear, gaiters and the like; parts of such articles
  • 2.59% (568 million US$): 39 - Plastics and articles thereof
  • 2.5% (550 million US$): 33 - Essential oils and resinoids; perfumery, cosmetic or toilet preparations

What did Panama import in 2017?

Panama's Top Imports in 2017:

  • 8.63% ($1.89 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
  • 6.77% ($1.48 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
  • 3.88% ($850 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
  • 3.74% ($820 million): 2922 - Oxygen-function amino-compounds
  • 2.71% ($595 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
  • 2.41% ($529 million): 2935 - Sulphonamides
  • 1.91% ($420 million): 6402 - Other footwear with outer soles and uppers of rubber or plastics
  • 1.75% ($384 million): 8471 - Automatic data processing machines and units thereof; magnetic or optical readers, machines for transcribing data onto data media in coded form and machines for processing such data, not elsewhere specified or included
  • 1.64% ($360 million): 6403 - Footwear with outer soles of rubber, plastics, leather or composition leather and uppers of leather
  • 1.36% ($299 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)

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Panama | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2006 - 2017