HS Icon Ships, boats and floating structures in  Flag Panama

2019
Exports | Imports
: $440M | $9.57B, World Rnk 41 / 198
Flag Rnk 3 / 96 | World Rnk 2 / 221
Flag Rnk 2 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $70.3M | $410M, Denmark |  China

2019
ECONOMIC COMPLEXITY of Panama
: 0.26, Rnk 55 / 147

2019
PRODUCT COMPLEXITY  IN Ships, boats and floating structures
: -0.78, Rnk 74 / 96

Exports In 2019, Panama exported $440M in Ships, boats and floating structures, making it the 41st largest exporter of Ships, boats and floating structures in the world. At the same year, Ships, boats and floating structures was the 3rd most exported product in Panama. The main destination of Ships, boats and floating structures exports from Panama are: Denmark ($70.3M), Saudi Arabia ($69.7M), Japan ($68.1M), Cyprus ($45.1M), and Norway ($45M).

The fastest growing export markets for Ships, boats and floating structures of Panama between 2018 and 2019 were Denmark ($70.3M), Norway ($45M), and Singapore ($38.9M).

Imports In 2019, Panama imported $9.57B in Ships, boats and floating structures, becoming the 2nd largest importer of Ships, boats and floating structures in the world. At the same year, Ships, boats and floating structures was the 2nd most imported product in Panama. Panama imports Ships, boats and floating structures primarily from: Japan ($5.52B), South Korea ($1.46B), Brazil ($1.29B), China ($937M), and Germany ($73.3M).

The fastest growing import markets in Ships, boats and floating structures for Panama between 2018 and 2019 were China ($410M), Japan ($78.2M), and Germany ($73.2M).

Tariffs In 2015, the average tariff for Panama in Ships, boats and floating structures was 13.5%. The countries with the highest import tariffs for Ships, boats and floating structures were Angola (Most Favoured Nation duty rate treatement, 13.5%), Burundi (Most Favoured Nation duty rate treatement, 13.5%), Benin (Most Favoured Nation duty rate treatement, 13.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 13.5%), and Botswana (Most Favoured Nation duty rate treatement, 13.5%).

Historical Data

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EXPORTS (2019): $440M

IMPORTS (2019): $9.57B

NET TRADE (2019): -$9.13B

In 2019, Panama exported $440M in Ships, boats and floating structures. The main destinations of Panama exports on Ships, boats and floating structures were Denmark ($70.3M), Saudi Arabia ($69.7M), Japan ($68.1M), Cyprus ($45.1M), and Norway ($45M).

In 2019, Panama imported $9.57B in Ships, boats and floating structures, mainly from Japan ($5.52B), South Korea ($1.46B), Brazil ($1.29B), China ($937M), and Germany ($73.3M).

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IN 2019, Panama HAD A POSITIVE NET TRADE IN Ships, boats and floating structures WITH:

IN 2019, Panama HAD A NEGATIVE NET TRADE IN Ships, boats and floating structures WITH:

Flow

THE FASTEST GROWING Ships, boats and floating structures EXPORT MARKETS FOR Panama WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ships, boats and floating structures BY Panama WERE (2018 - 2019):

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Market Concentration

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In 2019, Panama's main exporting competitors in Ships, boats and floating structures were:

In 2019, Panama's main importing competitors in Ships, boats and floating structures were:

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Tariffs by Country

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In 2015, the average tariff for Panama in Ships, boats and floating structures was 13.5%.

The countries with the highest tariffs for Ships, boats and floating structures in Panama were Angola (Most Favoured Nation duty rate treatement, 13.5%), Burundi (Most Favoured Nation duty rate treatement, 13.5%), Benin (Most Favoured Nation duty rate treatement, 13.5%), Burkina Faso (Most Favoured Nation duty rate treatement, 13.5%), and Botswana (Most Favoured Nation duty rate treatement, 13.5%).