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Panama Export Data

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Panama Export Data

As per Panama export data, Panama is the one of the fastest growing economy in Latin America It has the 3rd highest GDP per capita in Latin America. As per Panama export trade data the economy of Panama is centered on a highly-developed services sector, which represents more than 75% of gross domestic product (GDP).According to Panama export customs data shows the Panama Canal and use of the U.S. dollar have promoted the strengthening of a globally-oriented services economy.

As per Panama export shipment data the value of merchandise exports from Panama totalled $ 10.6 billion in 2017.

As according to Panama export trade statistics data the value of merchandise exports from Panama amounted to $11.1 billion in 2016.

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Panama Export Customs Trade Data Shows Top 10 Importing Products In 2017 – Analysis By Chapter

16.2% for Chapter 29 – Organic chemicals value of 1.72 billion US$
15.1% for Chapter 30 – Pharmaceutical products value of 1.6 billion US$
10.9% for Chapter 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 value of 1.16 billion US$
8.26% for Chapter 84 – Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof value of 876 million US$
7.68% for Chapter 64 – Footwear, gaiters and the like; parts of such articles value of 814 million US$
6.89% for Chapter 62 – Articles of apparel and clothing accessories, not knitted or crocheted value of 730 million US$
5.09% for Chapter 33 – Essential oils and resinoids; perfumery, cosmetic or toilet preparations value of 539 million US$
4.04% for Chapter 61 – Articles of apparel and clothing accessories, knitted or crocheted value of 429 million US$
3.02% for Chapter 22 – Beverages, spirits and vinegar value of 321 million US$
2.08% for Chapter 87 – Vehicles other than railway or tramway rolling stock, and parts and accessories thereof value of 221 million US$

Panama Export Global Trade Data Shows Top 10
Trading Partners of Panama

USA with a share of 20% (2.14 billion US$)
Areas, nes with a share of 10.3% (1.09 billion US$)
Colombia with a share of 8.92% (946 million US$)
Costa Rica with a share of 6.73% (714 million US$)
Dominican Republic with a share of 4.94% (523 million US$)
Venezuela with a share of 4.52% (479 million US$)
Guatemala with a share of 4.44% (471 million US$)
Nicaragua with a share of 3.98% (422 million US$)
Honduras with a share of 3.63% (385 million US$)
Ecuador with a share of 3.34% (354 million US$)