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Panama Import Data

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Panama Import Data

As per Panama import 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 import trade data the economy of Panama is centred on a highly-developed services sector, which represents more than 75% of gross domestic product (GDP). The Panama Canal and use of the U.S. dollar have promoted the strengthening of a globally-oriented services economy.

According to Panama import customs data shows goods value of merchandise imports to Panama totalled $ 21 billion in 2017.

Panama import shipment data merchandise imports to Panama increased by 137% compared to 2016. As according to Panama import trade statistics data goods imports grew up by $ 12.6 billion in 2017. The value of merchandise imports to Panama was equal to $9.23 billion in 2016.

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

10.5% for Chapter 84 – Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof value of 2.31 billion US$
9.69% 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 2.12 billion US$
9.05% for Chapter 27 – Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes value of 1.98 billion US$
7.99% for Chapter 29 – Organic chemicals value of 1.75 billion US$
7.31% for Chapter 30 – Pharmaceutical products value of 1.6 billion US$
6.52% for Chapter 87 – Vehicles other than railway or tramway rolling stock, and parts and accessories thereof value of 1.43 billion US$
4.44% for Chapter 62 – Articles of apparel and clothing accessories, not knitted or crocheted value of 975 million US$
4.31% for Chapter 64 – Footwear, gaiters and the like; parts of such articlesvalue of 946 million US$
2.59% for Chapter 39 – Plastics and articles thereof value of 569 million US$
2.5% for Chapter 33 – Essential oils and resinoids; perfumery, cosmetic or toilet preparations value of 550 million US$
2.59% for Chapter 39 – Plastics and articles thereof value of 569 million US$

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

China with a share of 19.8% (4.35 billion US$)
USA with a share of 18.5% (4.06 billion US$)
Free Zones with a share of 12.7% (2.8 billion US$)
Singapore with a share of 6.93% (1.52 billion US$)
Mexico with a share of 4.29% (942 million US$)
Korea with a share of 2.56% (561 million US$)
Costa Rica with a share of 2.25% (494 million US$)
Germany with a share of 2% (439 million US$)
Colombia with a share of 1.97% (432 million US$)
Japan with a share of 1.94% (426 million US$)