Panama Trade '22

Industrial property Agricultural products Transport Nonagricultural products Other commercial services Travel Merchandise trade Trade in commercial services

Trade Profiles 2022

GDP (million current US$, 2021) 63 605 Rank in world trade, 2021 Exports Imports GDP per capita (US$, 2019-2021) 14 380 Merchandise 86 81 Current account balance (% GDP, 2021) -2.9 excluding intra-EU trade 62 57 Trade per capita (US$, 2019-2021) 5 657 Commercial services 54 86 Trade (% GDP, 2019-2021) 39.3 excluding intra-EU trade 31 61 Value Million US$ 2021 13 161 20 596 2021 2021 0.06 0.09 Breakdown in economy's total exports Breakdown in economy's total imports Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS0803 Bananas, including plantains 173 HS1005 Maize (corn) 200 HS1511 Palm oil and its fractions 48 HS2106 Other food preparations 190 HS0202 Meat of bovine animals, frozen 33 HS2309 Preparations of a kind used in animal feeding 138 HS0901 Coffee 27 HS2304 Solid residues from soya-bean oil 124 HS1701 Cane or beet sugar 24 HS1905 Bread, pastry, other bakers' wares 99 Share in economy's trade in agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 415 -3 -9 -42 Imports 2 357 5 -9 14 Value Value Top exported products (Million US$) 2021 Top imported products (Million US$) 2021 HS2603 Copper ores and concentrates 2 931 HS2710 Petroleum oils, other than crude 1 930 HS7204 Ferrous waste and scrap 53 HS8703 Motor cars for transport of persons 709 HS0302 Fish, fresh, chilled 50 HS3004 Medicaments in measured doses 658 HS4403 Wood in the rough 47 HS8471 Automatic data-processing machines 212 HS0306 Crustaceans whether in shell or not 39 HS8525 Radio-telephony transmission tools 207 Share in economy's trade in non-agricultural products Value Million US$ 2021 2010-2021 2020 2021 Exports 3 367 -10 -18 -58 Imports 10 947 -3 -34 -13

Merchandise exports, f.o.b. 2 -16 39 Merchandise imports, c.i.f. Annual percentage change 2010-2021 2020 2021 2 -31 40 Share in world total imports (%) By main commodity group, % (2020) Share in world total exports (%) By main commodity group, % (2020) By main destination, % (2021) By main origin, % (2021) Annual percentage change Annual percentage change 0% 50% 100% HS2603 HS7204 HS0302 HS4403 HS0306 Exports 0% 10% 20% HS2710 HS8703 HS3004 HS8471 HS8525 Imports 0% 5% 10% HS1005 HS2106 HS2309 HS2304 HS1905 Imports 0% 50% HS0803 HS1511 HS0202 HS0901 HS1701 Exports Agricultural products: 5.5 Fuels and mining products: 0.2 Manufactures: 60.7 Other: 33.6 Agricultural products: 16.3 Fuels and mining products: 8.7 Manufactures: 75 Other: 0 China: 31.7 European Union: 21 Japan: 13.2 Korea, Republic of: 10.2 India: 5.1 Other: 18.9 United States of America: 25.5 China: 11.9 European Union: 8.4 Mexico: 4.9 Costa Rica: 4 Other: 45.3

280 World Trade Organization – Trade Profiles 2022

Value Million US$ 2021 10 678 4 199 2021 2021 0.18 0.08 Breakdown in economy's total exports Breakdown in economy's total imports Value FATS sales 2021 Inward (million US$) na Outward (million US$) na Value Million US$ 2021 Exports 6 464 Imports 2 224 Exports Value Imports Value Share (%) By sea (2021) 4 940 By sea (2021) 1 806 81.2 By air (2021) 1 459 By air (2021) 418 18.8 By other (2021) 0 By other (2021) 0 0.0 Value Million US$ 2021 Exports 2 305 Imports 691 Million US$ Value 2021 Other commercial services Exports 1 893 Imports 1 280 2021 Goods-related services Exports 16 Imports 5 Residents Total Residents Total Residents Total 22 297 319 3 184 3 705 6 889 5 80 85 Non-residents Non-residents Non-residents Other Commercial Services and Goods-related Services 2020 -16 -1 Annual percentage change 2010-2021 2021 2010-2021 2020 2021 13 15 5 Exports of OCS by main item (2021) Patent applications, 2020 Trademark applications, 2020 Industrial design applications, 2020 Transport Annual percentage change 2010-2021 2020 2021 6 -23 3 5 -75 104 -67 48 INDUSTRIAL PROPERTY 0 -32 0 -3 -29 5 By main services item, % (2021) By main destination Share in world total exports (%) Share in world total imports (%) Annual percentage change -39 25 4 2010-2021 2020 39 Commercial services exports Commercial services imports 5 2021

IN COMMERCIAL SERVICES Share (%) 76.4 22.6 0.0 na na -42 na na na 2010-2021 2020 2021 Annual percentage change By main services item, % (2021) By main origin Travel exports (Index 2010=100) na -12 2020 Travel 2021 2010-2021 Transport exports (Index 2010=100) 18 3 -37 83 Annual percentage change 0 100 200 300 2010 2014 2018 2021 Panama World 0 100 200 300 2010 2014 2018 2021 Panama World Transport: 60.5 Travel: 21.6 Other commercial services: 17.7 Goods-related services: 0.2 Transport: 53 Travel: 16.5 Other commercial services: 30.5 Goods-related services: 0.1 50.7 19.4 16.7 13.2 Financial services Insurance & pension ICTs Other Panama 281 World Trade Organization – Trade Profiles 2022

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