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Panama's trade data reflects its vibrant economy and strategic position in global commerce. In 2021, Panama exported goods worth approximately $3.78 billion USD and imported goods valued at around $13.31 billion USD. The country has a diverse range of export partners, with 99 countries receiving goods, and an even broader import network with 105 countries. Key indicators such as the Hirschman Herfindahl index show a low market concentration, indicating a well-diversified trade portfolio. For detailed statistics and further information, the World Bank's WITS Data provides comprehensive insights.
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China: $1.14 billion (17.2% of total exports)
Japan: $785 million (11.8%)
South Korea: $539 million (8.1%)
United States: $357 million (5.4%)
Spain: $306 million (4.6%)
Netherlands: $295 million (4.4%)
India: $275 million (4.1%)
Germany: $265 million (4%)
Brazil: $245 million (3.7%)
Colombia: $235 million (3.5%)
Ores, slag, and ash: $2.8 billion (18.1% of total exports)
Pharmaceuticals: $2 billion (12.7%)
Electrical machinery and equipment: $1.6 billion (10.5%)
Machinery including computers: $1.2 billion (7.5%)
Organic chemicals: $954.6 million (6.2%)
Footwear: $952.2 million (6.2%)
Clothing and accessories (not knit or crochet): $811.2 million (5.2%)
Perfumes and cosmetics: $575 million (3.7%)
Knit or crochet clothing and accessories: $554.4 million (3.6%)
Beverages, spirits, and vinegar: $514 million (3.3%)
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