Panama Tariff Profile '22

Page 1

World Tariff Profiles

2022

SPECIAL TOPICS 1. Preferential rules of origin in international trade 2. Non-tariff measures on “green” and “brown” energy products


Panama Panama Part A.1

Tariffs and imports: Summary and duty ranges

Summary

Total

Simple average final bound Simple average MFN applied

2021

Ag

Non-Ag

22.6

27.4

21.8

5.1

12.1

4.0

WTO member since

1997

Binding coverage:

Total

100

Non-Ag

100

Trade weighted average

Ag: Tariff quotas (in %)

3.2

Imports in billion US$

Ag: Special safeguards (in % )

0.2

Duty-free

Frequency distribution

0 <= 5

5 <= 10

10 <= 15

15 <= 25

25 <= 50

50 <= 100

> 100

NAV

Tariff lines and import values (in %)

in %

Agricultural products Final bound MFN applied

0.5

8.3

6.0

5.6

8.5

67.0

3.3

0.7

0.1

2021

29.3

9.7

15.5

37.1

1.2

3.8

2.6

0.7

0

4.6

3.9

20.4

6.1

3.2

61.3

0.2

0

0.2

2021

61.2

9.3

16.2

13.1

0

0.1

0.0

0

0.1

Imports Non-agricultural products Final bound MFN applied Imports

Part A.2

Tariffs and imports by product groups Final bound duties

Product groups

AVG

Duty-free

Max

Binding

in %

Animal products

31.0

Dairy products Fruit, vegetables, plants

MFN applied duties

AVG

in %

Duty-free

Imports Max

in %

1.4

260

100

18.8

11.8

260

39.1

0

156

100

26.4

0.5

81

100

38.6

2.4

155

10.6

25.9

Coffee, tea

31.4

0

81

81

100

20.6

2.1

Cereals & preparations

24.7

0

81

90

100

11.6

36.8

Oilseeds, fats & oils

22.8

90

0

30

100

7.9

31.7

Sugars and confectionery

30

45.7

0

144

100

32.8

19.4

144

Beverages & tobacco

29.0

0

90

100

12.2

8.7

30

Cotton

10.0

0

10

100

0.0

100.0

0

Other agricultural products

26.0

0.9

30

100

4.1

57.5

15

Fish & fish products

19.1

0

60

100

10.9

12.9

15

Minerals & metals

26.8

2.5

81

100

3.8

63.5

81

Petroleum

26.5

0

30

100

3.9

54.8

30

Chemicals

6.0

10.0

30

100

1.2

82.5

15

Wood, paper, etc.

27.8

0.4

30

100

6.6

42.9

15

Textiles

28.4

0.2

33

100

2.5

75.6

15

Clothing

29.6

0

36

100

10.6

2.0

15

Leather, footwear, etc.

26.9

0

30

100

7.0

25.5

15

Non-electrical machinery

24.6

5.0

30

100

1.3

83.4

15

Electrical machinery

19.9

20.2

30

100

2.5

71.0

15

Transport equipment

22.7

0

30

100

3.3

65.2

15

Manufactures, n.e.s.

25.7

5.0

30

100

6.8

37.9

15

Part B

Share

Duty-free

in %

in %

Exports to major trading partners and duties faced Bilateral imports Major markets

in million US$

Diversification

MFN AVG of

Pref.

95% trade in no. of

traded TL

margin

HS 2-digit

HS 6-digit

Simple

Weighted

Weighted

Duty-free imports TL

Value

in %

in %

Agricultural products 1. European Union

2020

328

4

7

7.9

16.3

6.0

82.1

2. United States of America

2020

59

7

10

3.6

19.9

0.6

95.7

16.6 60.9

3. Guatemala

2020

35

13

33

13.2

14.3

13.7

82.2

91.3

4. Costa Rica

2020

24

9

19

11.5

15.3

13.8

93.3

70.2

5. Switzerland

2020

23

2

3

5.7

6.7

6.7

70.0

99.6

1. China

2020

609

1

1

4.8

0.1

0.0

27.6

96.4

2. Guatemala

2020

583

42

320

6.5

5.8

5.8

99.9

100.0

3. European Union

2020

529

17

26

4.0

1.4

1.4

100.0

100.0

4. Korea, Republic of

2020

269

4

4

6.7

0.1

0.0

16.6

98.3

5. Japan

2020

196

2

2

1.5

0.0

0.0

73.5

99.0

Non-agricultural products

150

Download the data: www.wto.org/statistics

WTO ITC UNCTAD World Tariff Profiles 2022


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