| March 2012 |
Total Exports To Panama
| Rank | Commodity | Total YTD Exports |
|---|---|---|
1 | Oil, not crude | $1,268,733,909 |
2 | Aircraft | $107,497,818 |
3 | Low value shipments | $91,911,331 |
4 | Medicine | $32,632,539 |
5 | Landline, cellular phone equipment | $30,042,434 |
6 | Heterocyclic chemical compounds | $29,954,170 |
7 | Motor vehicles for transporting people | $29,420,883 |
8 | Perfumes | $28,589,469 |
9 | Computers | $26,789,155 |
10 | Soybean oilcake, other solid residue, not ground | $14,898,567 |
Total Imports From Panama
| Rank | Commodity | Total YTD Imports |
|---|---|---|
1 | Imports of returned exports | $31,258,874 |
2 | Gold | $8,027,962 |
3 | Fish, fresh or chilled | $7,364,640 |
4 | Bananas and plantains, fresh or dried | $7,316,646 |
5 | Scrap of precious metal | $6,397,208 |
6 | Cane, beet sugar, solid form | $5,940,414 |
7 | Live crustaceans | $4,116,458 |
8 | Fish fillets, chilled or frozen | $3,628,246 |
9 | Coffee | $2,339,775 |
10 | Dates, figs, pineapples and other fruit | $1,792,372 |
| March 2012 |
Top Panama Trading Partners
| Rank | District | Total YTD |
|---|---|---|
1 | Mobile | $649,280,723 |
2 | Houston | $588,244,539 |
3 | Miami | $530,161,318 |
4 | New Orleans | $105,104,594 |
5 | Low Value Shipments | $92,957,716 |
6 | Seattle | $83,271,610 |
7 | New York City | $64,114,172 |
8 | San Juan | $60,328,201 |
9 | Los Angeles | $55,629,994 |
10 | Atlanta/Savannah | $45,506,918 |
Top US Trading Partners
| Rank | Country | Total YTD |
|---|---|---|
1 | CANADA | $153,987,495,076 |
2 | MEXICO | $122,398,351,478 |
3 | CHINA | $120,983,448,879 |
4 | JAPAN | $54,762,867,594 |
5 | GERMANY | $38,277,050,668 |
6 | UNITED KINGDOM | $28,840,373,748 |
7 | SOUTH KOREA | $25,150,256,689 |
8 | BRAZIL | $19,088,773,913 |
9 | SAUDI ARABIA | $18,638,133,172 |
10 | FRANCE | $17,857,130,070 |
Panama’s trade rose to $2,464,564,256 through March
Panama’s trade with the United States rose to $2,464,564,256 through the first three months of 2012, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 34.66 percent above its total trade during the same time period last year. Panama’s exports increased 34.86 percent while imports rose 29.74 percent. The U.S. surplus with Panama was $2,279,467,448.
Through March, Panama’s top U.S. Customs districts for total imports and exports were No. 1 Mobile, No. 2 Houston, No. 3 Miami, No. 4 New Orleans and No. 5 Low Value Shipments compared to last year when the top spots were held by No. 1 Miami, No. 2 Houston, No. 3 Mobile, No. 4 New Orleans and No. 5 Seattle. In the current time period, the top five accounted for 25.38 percent of Panama’s U.S. trade.. That compares to -6.90 percent for the nation’s top five Customs districts during the same time period.Taking a closer look at the leading U.S. gateways for U.S. trade with Panama,:
- Trade with No. 1 Mobile rose 68.29 percent to $649,280,723.
Exports rose 68.62 percent to $647,597,804. Imports fell -3.55 percent to $1,682,919. - Trade with No. 2 Houston rose 51.75 percent to $588,244,539.
Exports rose 52.44 percent to $585,631,075. Imports fell -24.85 percent to $2,613,464. - Trade with No. 3 Miami rose 18.58 percent to $530,161,318.
Exports rose 18.35 percent to $477,045,362. Imports rose 20.65 percent to $53,115,956. - Trade with No. 4 New Orleans rose 5.74 percent to $105,104,594.
Exports rose 2.75 percent to $100,121,307. Imports rose 154.69 percent to $4,983,287. - Trade with No. 5 Low Value Shipments rose 30.91 percent to $92,957,716.
Exports rose 31.04 percent to $91,911,331. Imports rose 21.02 percent to $1,046,385.
Through March, 30 Customs districts posted trade surpluses with Panama while 7 had deficits. That compares with 33 surpluses and 4 deficits for the same period one year ago. The top surplus was with Mobile at $645,914,885, the largest deficit was with Philadelphia at $-3,188,887.
Meanwhile, total U.S. trade with the world increased to $934,379,177,983, up 8.63 percent compared to the same period last year. The nation’s exports climbed 3.54 percent to $30,467,217,700; imports rose 5.09 percent to $43,800,507,934. The nation’s top five countries so far this year, by value, are Canada, Mexico, China, Japan and Germany. The overall trade deficit was $-171,264,242,143, up compared to the same period of last year when the deficit was $-157,930,951,909.
The top five U.S. exports to Panama by value through March were oil, not crude; aircraft; low value shipments; medicine; and landline, cellular phone equipment, respectively. They accounted for 64.54 percent of total exports to Panama.
The value of the top five U.S. imports from Panama -- imports of returned exports; gold; fish, fresh or chilled; bananas and plantains, fresh or dried; and scrap of precious metal -- accounted for 65.23 percent of all inbound shipments.
Looking more closely at U.S. exports to Panama:
- Oil, not crude rose 50.07 percent compared to last year to $1,268,733,909.
- Aircraft fell -1.19 percent compared to last year to $107,497,818.
- Low value shipments rose 31.04 percent compared to last year to $91,911,331.
- Medicine rose 67.88 percent compared to last year to $32,632,539.
- Landline, cellular phone equipment rose 33.22 percent compared to last year to $30,042,434.
Looking more closely at U.S. imports from Panama
- Imports of returned exports rose 23.30 percent compared to last year to $31,258,874.
- Gold rose 12.29 percent compared to last year to $8,027,962.
- Fish, fresh or chilled rose 20.58 percent compared to last year to $7,364,640.
- Bananas and plantains, fresh or dried rose 96.73 percent compared to last year to $7,316,646.
- Scrap of precious metal rose 36.28 percent compared to last year to $6,397,208.
In the latest annual figures available, Panama recorded $1,830,205,414 in trade with the United States. At year’s end, its top five Customs districts were Miami, Houston, Mobile, New Orleans and Seattle. Total U.S. exports to Panama were $8,252,590,481 and imports from Panama were $389,199,352. The U.S. surplus with Panama was $7,863,391,129.