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Panama Import Data

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Panama Import Data

The Republic of Panama in Latin America is basically from Central America’s Southern end, the country shares its borders with Costa Rica, Colombia, the Caribbean Sea, and the Pacific Ocean in the west, southeast, north, and south direction. The discoveries of the artifacts of the indigenous people of the Paleolithic era like the Paleo Indian Projectile Points grab the attention of the visitors. The nation is spread over a land area of 74,233 square kilometers and has a coastline from the Isthmus of Panama to the Panama Canal connecting the Atlantic and Caribbean Sea.

The geographical significance of the nation ranging from the central spine of mountains and hills from the continental divide contributes to the agricultural production rate.  The production rate of the country along with the increased consumer consumption rate has demanded higher imports accounting for a 60% share of the GDP worth 75 billion US dollars with a growth rate of 2% from the past consecutive years. The total import trade value of the nation as per the Panama Customs Data has been recorded as 30 billion US dollars.

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Panama Import Customs Trade Data Shows Top 10 Importing Products In 2023 – Analysis By Chapter

  • 2.91 billion US dollars with a share of 20%: HS Code - 27 - Mineral fuels and oils
  • 1.43 billion US dollars with a share of 9.85%: HS Code - 84 - Nuclear reactors and boilers
  • 1.17 billion US dollars with a share of 8.1%: HS Code - 87 - Vehicles
  • 1.02 billion US dollars with a share of 7.07%: HS Code - 85 - Electrical machinery
  • 752 million US dollars with a share of 5.17%: HS Code - 30 - Pharmaceutical products
  • 486 million US dollars with a share of 3.34%: HS Code - 73 - iron or steel articles
  • 461 million US dollars with a share of 3.17%: HS Code - 39 - Plastics
  • 330 million US dollars with a share of 2.27%: HS Code - 90 – Optical instruments
  • 325 million US dollars with a share of 2.24%: HS Code -72 - Iron and steel
  • 310 million US dollars with a share of 2.13%: HS Code - 10 – Cereals

Panama Import Global Trade Data Shows Top 10
Trading Partners of Panama

  • Free Zones holds a share of 28% worth 4.13 billion US dollars
  • USA holds a share of 18.9% worth 2.74 billion US dollars
  • China holds a share of 12.1% worth 1.76 billion US dollars
  • Mexico holds a share of 4.3% worth 625 million US dollars
  • Costa Rica holds a share of 3.42% worth 497 million US dollars
  • Colombia holds a share of 2.88% worth 419 million US dollars
  • Spain holds a share of 2.09% worth 304 million US dollars
  • Brazil holds a share of 2.06% worth 300 million US dollars
  • Japan holds a share of 1.89% worth 275 million US dollars
  • Guatemala holds a share of 1.79% worth 260 million US dollars

Panama Import Data Sample

HOW IMPORT GLOBALS PANAMA IMPORT DATA IS BENEFICIAL FOR BUSINESS GROWTH 

Every business needs accurate and detailed information about importing goods from one country to another. The reliable information on import-export trade activity can be a game changer for your business. It helps in efficient business planning and allows making informed decisions about the potential market of your product, where you can grow your business rapidly.

Import Globals provides detailed information on Panama Import Trade by subscribing to Panama Trade Data you can get access to extensive detailed information on imports into the Panama market from worldwide. Panama Trade Data includes all major columns such as Importers company, Exporters company, Product Description, HS Code, FOB, CIF, Net Weight, Quantity, ports, Origin Country, etc. This data gives you a well-rounded view of Panama's Import trade.

Panama Import Customs Data is collected from the most authenticated documents such as customs shipping bills, bills of entries, bills of lading, customs invoices, etc... It ensures the reliability of the data. Whether you are a new player in the market or an established company it is very necessary to get trustworthy information for business planning. Panama Trade Statistics provided by Import Globals gives valuable insight into Panama's market to make informed decisions about potential partners.

By using Panama Import Shipment Data, you can stay ahead of market trends and competitors. You can save plenty of time and money in researching potential clients and the market of your product. Not only time and money you can also increase the chance of successful business planning and dealing with the help of Panama Trade Data. It is easier for companies to approach clients and negotiate confidently by using Panama Trade Statistics.

FIND OUT OTHER NORTH AMERICA COUNTRIES IMPORT EXPORT DATA

Costa Rica
USA
Guatemala
Mexico

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