Tariff rate, applied, weighted mean, primary products in Panama
Panama: Tariff rate, applied, weighted mean, primary products was 11.2% in 2022. ▲ Rising
Tariff rate, applied, weighted mean, primary products in Panama, 1997–2022
Source: Staff estimates. Measured in %.
Analysis
Panama recorded 11.2% for tariff rate, applied, weighted mean, primary products in 2022.
That represents a change of down 10.3% on the previous year and up 53.9% over ten years.
Over the whole period, tariff rate, applied, weighted mean, primary products in Panama peaked at 14.2% in 2020 and was at its lowest, 5.8%, in 2001.
That places Panama 35th out of 184 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 8.9% | 7.5% | 9.7% | 3 |
| 2000s | 8.6% | 5.8% | 11.9% | 10 |
| 2010s | 10.4% | 7.3% | 13.5% | 5 |
| 2020s | 12.6% | 11.2% | 14.2% | 3 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise exports 11.90 billion current US$ (2025)
- Manufactures exports 10.9% (2024)
- Food exports 73.6% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Manufactures imports 60.2% (2024)
- Food imports 18.7% (2024)
- Merchandise trade 41.6% (2025)
- Commercial service exports 20.06 billion current US$ (2025)
- Transport services 46.7% (2025)
- Computer, communications and other services 13.7% (2025)
Frequently asked questions
- What is tariff rate, applied, weighted mean, primary products in Panama?
- Tariff rate, applied, weighted mean, primary products in Panama was 11.2% in 2022, according to Staff estimates.
- What is the highest tariff rate, applied, weighted mean, primary products recorded in Panama?
- The highest recorded value was 14.2% in 2020.
- What is the lowest tariff rate, applied, weighted mean, primary products recorded in Panama?
- The lowest recorded value was 5.8% in 2001.
- How does Panama rank for tariff rate, applied, weighted mean, primary products?
- Panama ranks 35th out of 184 countries with data for 2022.
- Is tariff rate, applied, weighted mean, primary products rising or falling in Panama?
- Over the last ten years it is up 53.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Staff estimates, published as part of Tariff rate, applied, weighted mean, primary products (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups and import weights. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of weighted mean tariffs. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).