Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Panama

Panama ranked No. 51 in total trade value through February with a total of $1.21 billion. Exports totaled $1.15 billion and Imports totaled $62.58 million, a surplus of $1.09 billion.

January – February 2019

Top Trading Ports

Total Trade: $1.21 billion

RankPortTotal YTD
1Port of Pascagoula, Miss. $193,484,521
2Port of Houston $169,731,769
3Miami International Airport $106,473,295
4Seattle-Tacoma International Airport $101,947,967
5Port Everglades, Fla. $100,549,823
6Port Miami $81,425,953
7Port of Beaumont, Texas $71,582,397
8Low-Valued Imports and Exports $40,895,158
9Port of New Orleans $33,254,213
10Port of Savannah, Ga. $31,016,014

U.S. trade with Panama rose to $1.21 billion through February

Panama’s trade with the United States rose to $1.21 billion through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 21.3 percent above its total trade during the same time period last year. Panama’s exports increased 22.62 percent while imports rose 1.25 percent. The U.S. surplus with Panama was $1.09 billion.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of Pascagoula, Miss.; No. 2 Port of Houston; No. 3 Miami International Airport; No. 4 Seattle-Tacoma International Airport; and No. 5 Port Everglades, Fla.. During the same period the previous year, the top five were No. 1 Port of Pascagoula, Miss. No. 2 Port Everglades, Fla. No. 3 Miami International Airport No. 4 Port Miami and No. 5 Port of Houston. In the current time period, the top five accounted for 55.53 percent of Panama’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Pascagoula, Miss. rose 25.95 percent to $193.48 million.
    Exports rose 25.95 percent to $193.48 million. There were no imports.
  • Trade with No. 2 Port of Houston rose 87.13 percent to $169.73 million.
    Exports rose 85.82 percent to $166.31 million. Imports rose 184.84 percent to $3.42 million.
  • Trade with No. 3 Miami International Airport rose 5.54 percent to $106.47 million.
    Exports rose 4.81 percent to $85.39 million. Imports rose 8.57 percent to $21.08 million.
  • Trade with No. 4 Seattle-Tacoma International Airport rose 134.95 percent to $101.95 million.
    Exports rose 134.95 percent to $101.95 million. There were no imports.
  • Trade with No. 5 Port Everglades, Fla. fell 6.4 percent to $100.55 million.
    Exports fell 6.74 percent to $97.23 million. Imports rose 4.43 percent to $3.32 million.

Panama ranked No. 51 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 57.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Panama by value through February were the categories of Gasoline, other fuels; Civilian aircraft, parts; Low value shipments; Oil; and Cell phones, related equipment, respectively. They accounted for 58.7 percent of total exports to Panama.

The value of the top five categories of U.S. imports from Panama –– Value added to a returned import; Fish, fresh or chilled; Gold; Misc. engines and motors, parts; and Scrap of precious metal –– accounted for 69.11 percent of all inbound shipments.

Looking more closely at U.S. exports to Panama:

  • Gasoline, other fuels rose 37.63 percent compared to last year to $463.43 million.
  • Civilian aircraft, parts rose 102.29 percent compared to last year to $111.82 million.
  • Low value shipments rose 20.74 percent compared to last year to $40.9 million.
  • Oil totaled $31.86 million. The previous year, there were no exports in this category.
  • Cell phones, related equipment rose 6.68 percent compared to last year to $25.78 million.

Looking more closely at U.S. imports from Panama:

  • Value added to a returned import rose 18.13 percent compared to last year to $29.21 million.
  • Fish, fresh or chilled fell 24.06 percent compared to last year to $5.7 million.
  • Gold fell 10 percent compared to last year to $3.6 million.
  • Misc. engines and motors, parts rose 201.77 percent compared to last year to $2.68 million.
  • Scrap of precious metal fell 7.3 percent compared to last year to $2.06 million.

In the latest annual figures available, Panama recorded $6.89 billion in trade with the United States. At year’s end, its were Miami; Houston; Mobile; New Orleans; and Los Angeles. Total U.S. exports to Panama were $ 6.45 billion and imports from Panama were $442.43 million. The U.S. surplus with Panama was $6 billion.