U.S. Trade With Panama
The Office of the U.S. Trade Representative reports the following trade facts and statistics between the U.S. and Panama:
U.S.-Panama Trade Facts
Panama is currently our 52nd largest goods trading partner with $7.255 billion in total (two way) goods trade during 2015. Goods exports totaled $7.6 billion; Goods imports totaled $408 million. The U.S. goods trade surplus with Panama was $7.1 billion in 2015. These figures reflect a decline from our trade in the years 2012-2014. For complete trade stats, visit the U.S. Trade with Panama information available through Dept. of the Census.
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).
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).
To view this page at the original source, please click here.