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Trade Data
15-12-2023
In 2022, Panama's merchandise imports total $15.2 billion. Compared to $13.3 billion in 2021, Panama's merchandise imports are up 14.3%.
The latest Tendata iTrader data shows that Panama's top 10 imports, based on the 2-digit HS code, are:
· 27 (23.0%, 3.58 billion)：Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
· 84 (8.84%, 1.34 billion)：Nuclear reactors, boilers, machinery and mechanical appliances; parts
· 87 (6.86%, 1.04 billion)：Vehicles other than railway or tramway rolling stock, and parts and accessories
· 85 (5.89%, 897 million)：Electrical machinery and equipment and parts
· 30 (5.36%, 817 million)：Pharmaceutical products
· 39 (3.22%, 491 million)：Plastics and articles
· 73 (3.07%, 468 million)：Articles of iron or steel
· 72 (2.19%, 334 million)：Iron and steel
· 10 (2.02%, 308 million)：Cereals
· 38 (1.95%, 297 million)：Miscellaneous chemical products
When you need to conduct a market analysis of the Panama industry, you can find the latest Panama Importers Data in Tendata's import/export database by product name or 2-digit HS code.The following is a sample of what we have found for you (data as of October 2023):
According to Tendata iTrader's more granular 4-digit HS codes, the top 10 Panama importers (subcategories) are:
· 2710 (20.0%, $3.16 billion)：Petroleum oils and oils from bituminous minerals, not crude; waste oils
· 8703 (4.93%, $751 million)：Motor cars and other motor vehicles principally designed for the transport of persons
· 3004 (4.15%, $632 million)：Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses
· 2711 (1.83%, $279 million)：Petroleum gases and other gaseous hydrocarbons
· 8517 (1.35%, $206 million)：Electrical apparatus for line telephony or line telegraphy; videophones
· 1005 (1.32%, $202 million)：Maize (corn)
· 2106 (1.11%, $170 million)：Food preparations not elsewhere specified or included
· 2309 (1.06%, $161 million)：Preparations of a kind used in animal feeding
· 8471 (1.01%, $154 million)：Automatic data processing machines and units
· 3923 (0.97%, $148 million)：Articles for the conveyance or packing of goods, of plastics; stoppers, lids, caps and other closure
When you need to check Panama prospects for your product, you can find the latest Panama Importers Data in Tendata's Import/Export database by following the 4-digit HS code.Below is a sample of what is available for you (data as of October 2023):
The latest Tendata iTrader data shows that Panama's main import partners are:
1. Free Zones (26%, 4.02 billion US$)
2. USA (24%, 3.68 billion US$)
3. China (10.8%, 1.64 billion US$)
4. Mexico (4.28%, 653 million US$)
5. Costa Rica (3.26%, 497 million US$)
6. Colombia (2.99%, 455 million US$)
7. Brazil (2.21%, 336 million US$)
8. Spain (1.99%, 304 million US$)
9. Guatemala (1.76%, 269 million US$)
10. Japan (1.66%, 253 million US$)
When you want to find out if your country is working with Panama, you can search Tendata's import/export database for the most recent Panama Importers Data by country, and here's a sample of what's available for you (data as of October 2023):
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