The Georgia Tech Panama Logistics Innovation and Research Center developed a tool that allows users to visualize and analyze Panama's imports statistics according to the type of product, commodity, and the country of origin. This tool provides different statistics and characteristics of the goods that are imported. In terms of CIF (Cost, Insurance and Freight) value, the main groups of goods imported into Panama belonged to the tariff code; fuels (15.6% of the total), boilers, machinery and mechanical appliances; parts thereof (11.5%), vehicles other than railway or tramway rolling- stock, and parts and accessories thereof (9.7%), Electrical machinery and equipment and parts thereof (8.5%) and Pharmaceutical products (4.2%). Panama's main commercial partners are The United States and China.
The value of imports, excluding those corresponding to companies operating in the Colon Free Zone, amounted to USD 12,724 million, 8.8% more than in 2016.
The tool has the following sections:
- Panama Imports: shows the total value (CIF) of goods imported to Panama throughout the years.
- Points of entry of Panama: shows the main entry points of imports.
- Panama Imports by Country: shows the top trade partners.
- Panama Imports by Commodity Group: this section shows the top import products (Harmonized System Products).
For more information, you may access INEC's Foreign Trade Statistical System at: http://www.contraloria.gob.pa/inec/ComercioExterior/ (Spanish version is only available.
Source: National Institute of Statistics and Census of Panama (INEC), based on the Integrated System of Foreign Trade (SICE) from the Customs National Authority. The data is updated until December 2017 and is preliminary.