| March 2013 |
Top Exports To Panama
Total Exports To Panama: $2,823,649,997| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | Oil, not crude | $1,371,804,731 |
| 2 | Seamless iron tubes and pipes | $151,279,755 |
| 3 | Low value shipments | $114,060,267 |
| 4 | Heterocyclic chemical compounds | $106,075,373 |
| 5 | Petroleum gases, other gaseous hydrocarbons | $89,260,307 |
| 6 | Aircraft | $73,374,497 |
| 7 | Landline, cellular phone equipment | $61,256,818 |
| 8 | Parts for heavy machinery | $45,380,336 |
| 9 | Motor vehicles for transporting people | $34,905,560 |
| 10 | Computers | $28,371,740 |
Total Imports From Panama
Total Imports From Panama: $88,671,622| Rank | Commodity | Total YTD |
|---|---|---|
| 1 | Imports of returned exports | $26,682,550 |
| 2 | Gold | $14,125,684 |
| 3 | Fish, fresh or chilled | $7,178,974 |
| 4 | Live crustaceans | $4,628,213 |
| 5 | Landline, cellular phone equipment | $3,424,480 |
| 6 | Scrap of precious metal | $3,373,641 |
| 7 | Fish fillets, chilled or frozen | $3,078,010 |
| 8 | Perfumes | $2,506,569 |
| 9 | Electrical supplies, apparatus, less than 1000V | $2,439,053 |
| 10 | Aluminum waste and scrap | $1,999,270 |
| March 2013 |
Top Panama Trading Partners
Total Panama trade: $2,912,321,619| Rank | District | Total YTD |
|---|---|---|
| 1 | New Orleans | $584,077,522 |
| 2 | Houston | $543,823,268 |
| 3 | Miami | $526,911,329 |
| 4 | Mobile | $456,433,366 |
| 5 | Seattle | $133,322,914 |
| 6 | San Juan | $122,350,819 |
| 7 | Low Value Shipments | $115,256,348 |
| 8 | Port Arthur, Texas | $85,398,152 |
| 9 | New York City | $71,894,766 |
| 10 | Atlanta/Savannah | $59,678,055 |
Top US Trading Partners
Total U.S. trade for all countries: $919,560,909,009| Rank | Commodity | Total YTD Exports |
|---|---|---|
| 1 | CANADA | $154,229,781,187 |
| 2 | CHINA | $125,331,233,626 |
| 3 | MEXICO | $120,297,325,224 |
| 4 | JAPAN | $50,070,697,561 |
| 5 | GERMANY | $37,936,556,982 |
| 6 | SOUTH KOREA | $25,435,797,164 |
| 7 | UNITED KINGDOM | $24,776,181,741 |
| 8 | FRANCE | $17,448,501,187 |
| 9 | BRAZIL | $16,436,596,270 |
| 10 | SAUDI ARABIA | $15,342,397,281 |
Panama’s trade rose to $2,912,321,619 through March
Panama’s trade with the United States rose to $2,912,321,619 through the first three months of 2013, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 18.17 percent above its total trade during the same time period last year. Panama’s exports increased 19.04 percent while imports dropped -4.19 percent. The U.S. deficit with Panama was $0.
Through March, Panama’s top U.S. Customs districts for total imports and exports were No. 1 New Orleans, No. 2 Houston, No. 3 Miami, No. 4 Mobile and No. 5 Seattle compared to last year when the top spots were held by No. 1 Mobile, No. 2 Houston, No. 3 Miami, No. 4 New Orleans and No. 5 Low Value Shipments. In the current time period, the top five accounted for 29.75 percent of Panama’s U.S. trade.. That compares to 9.80 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 New Orleans rose 455.71 percent to $584,077,522.
Exports rose 478.42 percent to $579,122,348. Imports fell -0.56 percent to $4,955,174. - Trade with No. 2 Houston fell -7.55 percent to $543,823,268.
Exports fell -7.46 percent to $541,971,154. Imports fell -29.13 percent to $1,852,114. - Trade with No. 3 Miami fell -0.61 percent to $526,911,329.
Exports fell -0.56 percent to $474,381,171. Imports fell -1.10 percent to $52,530,158. - Trade with No. 4 Mobile fell -29.70 percent to $456,433,366.
Exports fell -29.65 percent to $455,605,788. Imports fell -50.82 percent to $827,578. - Trade with No. 5 Seattle rose 60.11 percent to $133,322,914.
Exports rose 60.05 percent to $133,168,962. Imports rose 129.74 percent to $153,952.
Through March, 30 Customs districts posted trade surpluses with Panama while 8 had deficits. That compares with 30 surpluses and 7 deficits for the same period one year ago. The top surplus was with New Orleans at $574,167,174, the largest deficit was with Chicago at $-3,151,131.
Meanwhile, total U.S. trade with the world decreased to $919,560,909,009, down -1.59 percent compared to the same period last year. The nation’s exports climbed 0.19 percent to $1,773,047,307; imports dropped -1.78 percent to $-16,591,316,281. The nation’s top five countries so far this year, by value, are Canada, China, Mexico, Japan and Germany. The overall trade deficit climbed $-152,899,878,555, down compared to the same period of last year when the deficit was $-171,264,242,143.
The top five U.S. exports to Panama by value through March were oil, not crude; seamless iron tubes and pipes; low value shipments; heterocyclic chemical compounds; and petroleum gases, other gaseous hydrocarbons, respectively. They accounted for 64.90 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; live crustaceans; and landline, cellular phone equipment -- accounted for 63.20 percent of all inbound shipments.
Looking more closely at U.S. exports to Panama:
- Oil, not crude rose 8.12 percent compared to last year to $1,371,804,731.
- Seamless iron tubes and pipes rose 28,278.38 percent compared to last year to $151,279,755.
- Low value shipments rose 24.10 percent compared to last year to $114,060,267.
- Heterocyclic chemical compounds rose 254.13 percent compared to last year to $106,075,373.
- Petroleum gases, other gaseous hydrocarbons rose 2,602.35 percent compared to last year to $89,260,307.
Looking more closely at U.S. imports from Panama
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
- fell compared to last year to $0.
In the latest annual figures available, Panama recorded $2,464,564,256 in trade with the United States. At year’s end, its top five Customs districts were Houston, Miami, Mobile, New Orleans and Seattle. Total U.S. exports to Panama were $9,924,129,113 and imports from Panama were $541,757,646. The U.S. surplus with Panama was $9,382,371,467.