Tariff rate, most favored nation, weighted mean, manufactured products in Panama
Panama: Tariff rate, most favored nation, weighted mean, manufactured products was 4.1% in 2022. ▼ Falling
Tariff rate, most favored nation, weighted mean, manufactured products in Panama, 1997–2022
Source: Staff estimates. Measured in %.
Analysis
Panama recorded 4.1% for tariff rate, most favored nation, weighted mean, manufactured products in 2022. That is the lowest value across all 21 years on record.
That represents a change of down 6.4% on the previous year and down 25.5% over ten years.
Over the whole period, tariff rate, most favored nation, weighted mean, manufactured products in Panama peaked at 11.0% in 1997 and was at its lowest, 4.1%, in 2022.
That places Panama 127th out of 184 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Tariff rate, most favored nation, weighted mean, manufactured products in Panama, year by year
| Year | % | Change |
|---|---|---|
| 1997 | 11.0% | — |
| 1998 | 8.5% | -22.8% |
| 1999 | 8.0% | -6.4% |
| 2000 | 7.7% | -3.5% |
| 2001 | 7.4% | -3.4% |
| 2002 | 7.7% | +3.9% |
| 2003 | 7.2% | -6.4% |
| 2004 | 7.2% | +0.1% |
| 2005 | 6.7% | -7.3% |
| 2006 | 7.8% | +16.6% |
| 2007 | 7.8% | -0.3% |
| 2008 | 7.7% | -1.7% |
| 2009 | 6.5% | -15.3% |
| 2010 | 6.3% | -2.5% |
| 2011 | 5.2% | -17.6% |
| 2012 | 5.5% | +6.1% |
| 2013 | 5.4% | -2.2% |
| 2015 | 5.1% | -6.5% |
| 2020 | 4.6% | -9.7% |
| 2021 | 4.4% | -3.7% |
| 2022 | 4.1% | -6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 8.0% | 11.0% | 3 |
| 2000s | 7.4% | 6.5% | 7.8% | 10 |
| 2010s | 5.5% | 5.1% | 6.3% | 5 |
| 2020s | 4.4% | 4.1% | 4.6% | 3 |
Countries ranked near Panama
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Food exports 73.6% (2024)
- Manufactures exports 10.9% (2024)
- Merchandise exports 11.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1316 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is tariff rate, most favored nation, weighted mean, manufactured products in Panama?
- Tariff rate, most favored nation, weighted mean, manufactured products in Panama was 4.1% in 2022, according to Staff estimates.
- What is the highest tariff rate, most favored nation, weighted mean, manufactured products recorded in Panama?
- The highest recorded value was 11.0% in 1997.
- What is the lowest tariff rate, most favored nation, weighted mean, manufactured products recorded in Panama?
- The lowest recorded value was 4.1% in 2022.
- How does Panama rank for tariff rate, most favored nation, weighted mean, manufactured products?
- Panama ranks 127th out of 184 countries with data for 2022.
- Is tariff rate, most favored nation, weighted mean, manufactured products rising or falling in Panama?
- Over the last ten years it is down 25.5%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Staff estimates, published as part of Tariff rate, most favored nation, weighted mean, manufactured 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 most favored nations tariff is the average of most favored nation 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. Import weights were calculated using the United Nations Statistics Division's Commodity Trade (Comtrade) database. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.