Panama Trade, Exports and Imports
Panama Exports Trade Statistics
Panama was the United States' 34rd largest goods export market in 2016.
U.S. goods exports to Panama in 2016 were $6.1 billion, down 19.8% ($1.5 billion) from 2015 but up 131% from 2006. U.S. exports to Panama are down 37.5% from 2012 (pre-FTA).
The top export products are in 2016 were: mineral fuels ($2.2 billion), machinery ($555 million), electrical machinery ($394 million), beverages (whiskies/grape brandy) ($262 million), and special other (low value shipments) ($242 million).
U.S. total exports of agricultural products to Panama totaled $680 million in 2016. Leading domestic categories include: corn ($84 million), soybean meal ($79 million), prepared food ($55 million), dairy products ($40 million), and pork & pork products ($36 million).
Panama Imports Trade Statistics
Panama was the United States' 91st largest supplier of goods imports in 2015.
U.S. goods imports from Panama totaled $408 million in 2016, down 0.1% ($549 thousand) from 2015, but up 7.7% from 2006. U.S. imports from Panama are down 24.5% from 2012 .
The top import products in 2016 were: special other (returns) ($160 million), fish and seafood (shrimp, snapper, tuna) ($88 million), precious metal and stone (gold) ($31 million), sugar ($28 million), and electrical machinery ($12 million).
U.S. total imports of agricultural products from Panama in 2016 totaled $56 million in 2016. Leading categories include: raw beet & cane sugar ($24 million), coffee, unroasted ($7 million), other vegetable oils ($6 million), sugars/sweeteners/beverage bases ($4 million), and other fresh fruit ($4 million).
U.S. imports of services to Panama were an estimated $1.3 billion in 2015, 0.5% ($7 million) more than 2014. Leading services imports from Panama to the United States were in the travel, transport, and professional and management services sectors.
Trade Balance :
The U.S. goods trade surplus with Panama was $5.7 billion in 2016, a 20.9% decrease ($1.5 billion) over 2015. The United States has a services trade surplus of an estimated $357 million with Panama in 2015 , up 13.7% from 2014.
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Panama Exports Trade Statistics
Panama was the United States' 34rd largest goods export market in 2016.
U.S. goods exports to Panama in 2016 were $6.1 billion, down 19.8% ($1.5 billion) from 2015 but up 131% from 2006. U.S. exports to Panama are down 37.5% from 2012 (pre-FTA).
The top export products are in 2016 were: mineral fuels ($2.2 billion), machinery ($555 million), electrical machinery ($394 million), beverages (whiskies/grape brandy) ($262 million), and special other (low value shipments) ($242 million).
U.S. total exports of agricultural products to Panama totaled $680 million in 2016. Leading domestic categories include: corn ($84 million), soybean meal ($79 million), prepared food ($55 million), dairy products ($40 million), and pork & pork products ($36 million).
Panama Imports Trade Statistics
Panama was the United States' 91st largest supplier of goods imports in 2015.
U.S. goods imports from Panama totaled $408 million in 2016, down 0.1% ($549 thousand) from 2015, but up 7.7% from 2006. U.S. imports from Panama are down 24.5% from 2012 .
The top import products in 2016 were: special other (returns) ($160 million), fish and seafood (shrimp, snapper, tuna) ($88 million), precious metal and stone (gold) ($31 million), sugar ($28 million), and electrical machinery ($12 million).
U.S. total imports of agricultural products from Panama in 2016 totaled $56 million in 2016. Leading categories include: raw beet & cane sugar ($24 million), coffee, unroasted ($7 million), other vegetable oils ($6 million), sugars/sweeteners/beverage bases ($4 million), and other fresh fruit ($4 million).
U.S. imports of services to Panama were an estimated $1.3 billion in 2015, 0.5% ($7 million) more than 2014. Leading services imports from Panama to the United States were in the travel, transport, and professional and management services sectors.
Trade Balance :
The U.S. goods trade surplus with Panama was $5.7 billion in 2016, a 20.9% decrease ($1.5 billion) over 2015. The United States has a services trade surplus of an estimated $357 million with Panama in 2015 , up 13.7% from 2014.
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