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 (%) | 2011 - 2022

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2011
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TOTAL. ALL COMMODITIESPanamaWorldExportsValue (US$)14,554,815,811.0015,944,740,415.0014,732,126,258.0013,777,171,945.0012,043,377,104.0010,843,210,513.0011,091,556,992.0011,480,107,616.0010,478,059,526.008,658,798,915.003,781,922,651.003,652,153,568.00
Value Growth, YoY (%)32.479.54-7.60-6.48-12.58-9.962.293.50-8.72-17.36-56.32-3.43
ImportsValue (US$)21,801,598,457.0014,585,177,183.0012,684,825,298.0024,771,140,827.0022,503,479,723.0020,926,278,918.0021,917,361,577.0022,974,913,294.0021,484,233,253.0014,716,521,688.0013,312,799,623.0015,224,036,569.00
Value Growth, YoY (%)30.25-33.10-13.0295.28-9.15-7.004.734.82-6.48-31.50-9.5314.35

The value of merchandise exports from Panama totalled $ 3.65 billion in 2022. Overall commodity exports from Panama decreased by 3.43% compared to 2021. Merchandise exports decreased by $ 129 million (the value of merchandise exports from Panama amounted to $3.78 billion in 2021)

Panama's exports 2022 by country

Top export destinations of commodities from Panama in 2022:

  • China with a share of 32% (1.19 billion US$)
  • Japan with a share of 15% (548 million US$)
  • Korea with a share of 7.39% (269 million US$)
  • India with a share of 6.46% (235 million US$)
  • Germany with a share of 6.38% (233 million US$)
  • Spain with a share of 4.28% (156 million US$)
  • USA with a share of 3.56% (130 million US$)
  • Bulgaria with a share of 3.52% (128 million US$)
  • Netherlands with a share of 3.13% (114 million US$)
  • Canada with a share of 2.13% (78 million US$)

Exports structure from Panama in 2022 represented by the following main commodity groups:

  • 76% (2.79 billion US$): 26 - Ores, slag and ash
  • 4.24% (154 million US$): 08 - Edible fruit and nuts; peel of citrus fruit or melons
  • 3.32% (121 million US$): 03 - Fish and crustaceans, molluscs and other aquatic invertebrates
  • 1.68% (61 million US$): 15 - Animal, vegetable or microbial fats and oils and their cleavage products; prepared edible fats; animal or vegetable waxes
  • 1.43% (52 million US$): 44 - Wood and articles of wood; wood charcoal
  • 1.4% (51 million US$): 72 - Iron and steel
  • 1.31% (47 million US$): 30 - Pharmaceutical products
  • 0.985% (35 million US$): 02 - Meat and edible meat offal
  • 0.957% (34 million US$): 23 - Residues and waste from the food industries; prepared animal feed
  • 0.771% (28 million US$): 17 - Sugars and sugar confectionery

What did Panama export in 2022?

Panama's Top Exports in 2022:

  • 76% ($2.79 billion): 2603 - Copper ores and concentrates
  • 3.51% ($128 million): 0803 - Bananas, including plantains, fresh or dried
  • 1.88% ($68 million): 0306 - Crustaceans; in shell or not, live, fresh, chilled, frozen, dried, salted or in brine; smoked, cooked or not before or during smoking; in shell, steamed or boiled, whether or not chilled, frozen, dried, salted or in brine
  • 1.37% ($50 million): 1511 - Palm oil and its fractions, whether or not refined, but not chemically modified
  • 1.36% ($49 million): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
  • 1.26% ($46 million): 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
  • 1.25% ($45 million): 4403 - Wood in the rough, whether or not stripped of bark or sapwood, or roughly squared
  • 0.938% ($34 million): 2301 - Flours, meals and pellets, of meat or meat offal, of fish or of crustaceans, molluscs or other aquatic invertebrates, unfit for human consumption; greaves.
  • 0.854% ($31 million): 0302 - Fish, fresh or chilled, excluding fish fillets and other fish meat of heading 0304
  • 0.706% ($25 million): 0901 - Coffee, whether or not roasted or decaffeinated; coffee husks and skins; coffee substitutes containing coffee in any proportion.

The value of merchandise imports to Panama totalled $ 15.2 billion in 2022. Merchandise imports to Panama increased by 14.3% compared to 2021. Goods imports grew up by $ 1.91 billion in 2022 (the value of merchandise imports to Panama was equal to $13.3 billion in 2021)

Panama's imports 2022 by country

Top trading partners (import sources) of Panama in 2022:

  • Free Zones with a share of 26% (4.02 billion US$)
  • USA with a share of 24% (3.68 billion US$)
  • China with a share of 10.8% (1.64 billion US$)
  • Mexico with a share of 4.28% (653 million US$)
  • Costa Rica with a share of 3.26% (497 million US$)
  • Colombia with a share of 2.99% (455 million US$)
  • Brazil with a share of 2.21% (336 million US$)
  • Spain with a share of 1.99% (304 million US$)
  • Guatemala with a share of 1.76% (269 million US$)
  • Japan with a share of 1.66% (253 million US$)

Imports structure to Panama in 2022 represented by the following main commodity groups:

  • 23% (3.58 billion US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.84% (1.34 billion US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.86% (1.04 billion US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 5.89% (897 million US$): 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
  • 5.36% (817 million US$): 30 - Pharmaceutical products
  • 3.22% (491 million US$): 39 - Plastics and articles thereof
  • 3.07% (468 million US$): 73 - Articles of iron or steel
  • 2.19% (334 million US$): 72 - Iron and steel
  • 2.02% (308 million US$): 10 - Cereals
  • 1.95% (297 million US$): 38 - Miscellaneous chemical products

What did Panama import in 2022?

Panama's Top Imports in 2022:

  • 20% ($3.16 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
  • 4.93% ($751 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
  • 4.15% ($632 million): 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
  • 1.83% ($279 million): 2711 - Petroleum gases and other gaseous hydrocarbons
  • 1.35% ($206 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
  • 1.32% ($202 million): 1005 - Maize (corn)
  • 1.11% ($170 million): 2106 - Food preparations not elsewhere specified or included
  • 1.06% ($161 million): 2309 - Preparations of a kind used in animal feeding.
  • 1.01% ($154 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
  • 0.973% ($148 million): 3923 - Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closures, of plastics

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Panama | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022