Panama
U.S.-Panama Trade Facts
Panama is currently our 52nd largest goods trading partner with $8.6 billion in total (two way) goods trade during 2011. Goods exports totaled $8.3 billion; Goods imports totaled $389 million. The U.S. goods trade surplus with Panama was $7.9 billion in 2011.
Exports
Panama was the United States' 32nd largest goods export market in 2011.
U.S. goods exports to Panama in 2011 were $8.3 billion, up 36.1% ($2.2 billion) from 2010, and up 413% from 2000.
The top export categories (2-digit HS) in 2011 were: Mineral Fuel (oil) ($4.0 billion), Machinery ($624 million), Aircraft ($517 million), Electrical Machinery ($478 million), and Special Other (low value shipments) ($340 million).
U.S. exports of agricultural products to Panama totaled $494 million in 2011. Leading categories include: coarse grains ($89 million), wheat ($47 million), and snack foods ($46 million).
Imports
Panama was the United States' 101st largest supplier of goods imports in 2011.
U.S. goods imports from Panama totaled $389 million in 2011, a 2.2% increase ($8 million) from 2010, and up 27% from 2000.
The five largest import categories in 2011 were: Special Other (Returns) ($128 million), Fish and Seafood ($81 million), Precious Stones (Gold) ($64 million), Sugars (Cane) ($38 million), and Edible Fruits and Nuts (bananas, pineapples) ($20 million).
U.S. imports of agricultural products from Panama totaled $72 million in 2011. Leading categories include: raw beet and cane sugar ($38 million), and bananas and plantains ($12 million).
Trade Balance
The U.S. goods trade surplus with Panama was $7.9 billion in 2011, a 38.4% increase ($2.2 billion) over 2010.
Historial Trade Data
U.S. Goods Trade with Panama (in billions of dollars)
|
1980 |
1985 |
1990 |
1994 |
2000 |
2008 |
2009 |
2010 |
2011 |
Balance |
0.4 |
0.3 |
0.6 |
1.0 |
1.3 |
4.5 |
4.0 |
5.7 |
7.9 |
Exports |
0.7 |
0.7 |
0.9 |
1.3 |
1.6 |
4.9 |
4.3 |
6.1 |
8.3 |
Imports |
0.3 |
0.4 |
0.2 |
0.3 |
0.3 |
0.4 |
0.3 |
0.3 |
0.4 |
Investment
U.S. foreign direct investment (FDI) in Panama (stock) was $6.0 billion in 2010 (latest data available), down 12.1% from 2009.
Reported U.S. direct investment in Panama is led by finance/insurance and wholesale trade sectors.
Panama FDI in the United States (stock) was $1.5 billion in 2010 (latest data available), up 34.9% from 2009.
Reported Panama’s FDI in the U.S. is led by the manufacturing and real estate sectors.
2/15/12