Saturday, July 8, 2017

Analyze Export Import Trade Data with Panama

                                             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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