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Panama

Panama ranked No. 53 in total trade value through March with a total of $1.86 billion. Exports totaled $1.77 billion and Imports totaled $89.9 million, a surplus of $1.68 billion.

January – March 2019

Top Trading Ports

Total Trade: $1.86 billion

RankPortTotal YTD
1Port of Pascagoula, Miss. $266,801,622
2Port of Houston $236,878,047
3Port Everglades, Fla. $172,533,767
4Miami International Airport $156,698,441
5Port Miami $135,095,262
6Seattle-Tacoma International Airport $102,033,304
7Port of Freeport, Texas $101,411,926
8Port of Beaumont, Texas $71,582,397
9Port of New Orleans $68,260,370
10Low-Valued Imports and Exports $65,151,944

U.S. trade with Panama rose to $1.86 billion through March

Panama’s trade with the United States rose to $1.86 billion through the first three months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 8.78 percent above its total trade during the same time period last year. Panama’s exports increased 10.43 percent while imports fell 16.08 percent. The U.S. surplus with Panama was $1.68 billion.

Through March, 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 Port Everglades, Fla.; No. 4 Miami International Airport; and No. 5 Port Miami. During the same period the previous year, the top five were No. 1 Port of Pascagoula, Miss. No. 2 Port of Houston No. 3 Port Everglades, Fla. No. 4 Miami International Airport and No. 5 Port Miami. In the current time period, the top five accounted for 52 percent of Panama’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of Pascagoula, Miss. rose 0.22 percent to $266.8 million.
    Exports rose 0.22 percent to $266.8 million. There were no imports.
  • Trade with No. 2 Port of Houston rose 42.41 percent to $236.88 million.
    Exports rose 41.09 percent to $232.45 million. Imports rose 181.17 percent to $4.43 million.
  • Trade with No. 3 Port Everglades, Fla. rose 5.61 percent to $172.53 million.
    Exports rose 5.43 percent to $167.8 million. Imports rose 12.58 percent to $4.74 million.
  • Trade with No. 4 Miami International Airport fell 1.27 percent to $156.7 million.
    Exports fell 3.22 percent to $125.17 million. Imports rose 7.31 percent to $31.53 million.
  • Trade with No. 5 Port Miami fell 13.1 percent to $135.1 million.
    Exports fell 14.04 percent to $114.36 million. Imports fell 7.53 percent to $20.73 million.

Panama ranked No. 53 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 55.

Meanwhile, total U.S. trade with the world increased to $1.01 trillion, up 0.65 percent compared to the same period last year. The nation’s exports climbed 1.42 percent to $408.22 billion; imports climbed 0.13 percent to $598.47 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 $190.25 billion, down compared to the same period of last year when the deficit was $195.16 billion.

The top five U.S. exports to Panama by value through March were the categories of Gasoline, other fuels; Oil; Civilian aircraft, parts; Low value shipments; and Petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 55.37 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 69.14 percent of all inbound shipments.

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

  • Gasoline, other fuels fell 5.45 percent compared to last year to $619.46 million.
  • Oil totaled $132.61 million. The previous year, there were no exports in this category.
  • Civilian aircraft, parts rose 79.93 percent compared to last year to $116.82 million.
  • Low value shipments rose 8.46 percent compared to last year to $65.15 million.
  • Petroleum gases, other gaseous hydrocarbons rose 644.46 percent compared to last year to $47.05 million.

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

  • Value added to a returned import rose 8.64 percent compared to last year to $40.45 million.
  • Fish, fresh or chilled fell 26.88 percent compared to last year to $9.11 million.
  • Gold rose 14.02 percent compared to last year to $6.21 million.
  • Misc. engines and motors, parts rose 185.89 percent compared to last year to $3.53 million.
  • Scrap of precious metal fell 2.74 percent compared to last year to $2.86 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.