The top exports of Panama are Passenger and Cargo Ships ($557M), Refined Petroleum ($555M), Coal Tar Oil ($362M), Petroleum Gas ($308M) and Packaged Medicaments ($266M), etc. The net export value is $4.62B.
The top export destinations of Panama are Ecuador ($919M), Guatemala ($657M), South Korea ($462M), the United States ($273M) and El Salvador ($148M).
The top imports are Crude Petroleum ($4.31B), Refined Petroleum ($3.99B), Passenger and Cargo Ships ($2.68B), Sulfonamides ($1.16B) and Special Purpose Ships ($820M), etc. The net import value is $28.5B.
The top import origins are the United States ($5.81B), Colombia ($3.64B), China ($3.43B), South Korea ($2.8B) and Singapore ($2.14B).
Panama holds a place of 69th out of 189 popular countries(economically) in case of doing a business in country. ‘Paying Taxes’ is one of the topics in which Panama has maintained consistency and better one in country. But the country has increased it’s ranking from 37 to 44 in case of ‘Starting a Business’.