Maritime profile: Panama

GENERAL INFORMATION FOR 2023

Population

GDP

Merchandise trade¹

4.459 Millions

82 405 Millions current US$

51 023 Millions current US$

Land area²

GDP growth

Transport services trade³

(p) 74 180 Km²

6.06 %

23 428 Millions current US$

MARITIME KEY FIGURES FOR 2023

Coast/area ratio²

Ship building⁴

Ship recycling⁴

76.0 m/km²

0.000 GT

Fleet - National flag⁵

Fleet - Ownership⁶

366 013 Thousands DWT

8 198 ships

814 Thousands DWT

Number of port calls⁹

Container port throughput⁷

Number of seafarers⁸

8 518 425 TEU

(o) 25 141

WORLD SHARES FOR 2023

INTERNATIONAL MERCHANDISE TRADE

+9.6 %

Merchandise exports growth rate in 2023

Total merchandise trade

(millions of US$)

2005

2010

2015

2023

Merchandise exports

(h) 7 050

10 987

11 348

16 738

Merchandise imports

(h) 9 600

16 737

22 504

34 285

Merchandise trade balance

(h) -2 550

-5 751

-11 156

-17 546

Export structure by product group in 2023

(as % of total exports)

Top 5 partners in 2023

(exports, millions of US$)

INTERNATIONAL TRADE IN TRANSPORT SERVICES

+9.7 %

Transport services exports growth rate in 2023

Services exports by main category¹⁰

(as % of total services)

2005

2010

2015

2023

Transport

55.5

50.1

45.8

52.2

Travel

24.1

25.5

33.3

31.2

Other services

20.3

24.3

20.7

16.5

Total trade in transport services¹⁰

(millions of US$)

2005

2010

2015

2023

Transport services exports

1 794

3 427

5 440

9 122

Transport services imports

959

1 541

1 958

2 824

Transport services trade balance

835

1 885

3 482

6 298

NATIONAL FLEET

+4.3 %

Fleet growth rate in 2023

Carrying capacity by type of ship⁵

(Thousands DWT)

2005

2010

2015

2023

Total fleet

195 286.0

288 757.6

335 498.2

366 012.9

Oil tankers

55 248.0

69 363.4

55 842.7

81 984.3

Bulk carriers

97 404.0

154 645.3

207 845.2

200 690.5

General cargo

13 935.0

18 089.4

7 298.9

9 304.3

Container ships

21 779.0

33 878.9

35 583.7

42 740.5

Other types of ships

6 920.0

12 780.5

28 927.7

31 293.3

Fleet by type of ship⁵

(Number of ships)

LINER SHIPPING CONNECTIVITY

Bilateral connectivity index - Top 10 partners in Q1 2006¹¹

Can only take values between 0 (minimum) and 1 (maximum)

Liner shipping connectivity index¹¹

Average Q1 2023=100

PORT CALLS AND PERFORMANCE

Port calls, time spent in ports, vessel age and size in 2023⁹

Number of arrivals

Median time
in port (days)

Avg age
of vessels

Avg size (GT)
of vessels

Avg cargo
carrying
capacity (DWT)
per vessel

Avg container
carrying
capacity (TEU)
per container ship

Maximum size (GT) of vessels

All ships

Liquid bulk carriers

Liquefied petroleum gas carriers

Liquefied natural gas carriers

Dry bulk carriers

Dry breakbulk carriers

Roll-on/ roll-off ships

Container ships

Passenger ships

Port liner shipping connectivity index - Top 5 ports in 2023¹¹

Average Q1 2023=100

Source: Detailed data sources are available in the documentation of the corresponding tables in the Data Center (https://unctadstat.unctad.org/datacentre/). A link to these tables is provided in each section of the profile.


	Notes:
	1	Sum of exports and imports.
	2	Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters. Coastline length based on data calculated in 2000 from the World Vector Shoreline database at 1:250,000 scale.
	3	Sum of exports and imports. Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual, 2009 (BPM6, 2009).
	4	Propelled seagoing merchant vessels of 100 GT and above. Source: Clarksons Research (https://www.clarksons.com/services/research/).
	5	Propelled seagoing merchant vessels of 100 GT and above, on 1 January. Source: Clarksons Research (https://www.clarksons.com/services/research/).
	6	Propelled seagoing merchant vessels of 1000 GT and above, on 1 January. Source: Clarksons Research (https://www.clarksons.com/services/research/).
	7	UNCTAD Secretariat, derived from various sources including Dynamar B.V. Publications, terminal operators and port authorities. Refers to year 2022.
	8	Refers to year 2021. Source: BIMCO-ICS Manpower Report 2015 and BIMCO-ICS Seafarer Workforce Report, 2021 edition.
	9	UNCTAD Secretariat, based on data provided by MarineTraffic (http://marinetraffic.com). Ships of 1000 GT and above.
	10	Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual, 2009 (BPM6, 2009).
	11	UNCTAD Secretariat, generated from data provided by MDS Transmodal (https://www.mdst.co.uk).
	h	Break.
	o	Estimated by BIMCO/ICS to be the same figure as in 2015.
	p	Estimated. Data refers to 2020.


	Symbols for missing values:
	0	Zero means that the amount is nil or negligible
	..	No value reported or collected
	_	Not applicable
	...	Not available, including no quotation
	#	Non-relevant calculation
	-	Not publishable
	***	Negative accumulation of flows; Value included in regional and global totals

Abbreviations & acronyms:

DWT:

Dead weight tons

LNG:

Liquefied natural gas

LPG:

Liquefied petroleum gas

GDP:

Gross domestic product

GT:

Gross tons

TEU:

Twenty foot equivalent unit

Disclaimer:

The designations employed and the presentation of the material on the UNCTAD Data Hub do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.
The designations "developing", "transition" and "developed" are intended for statistical convenience and do not necessarily express a judgement about the stage reached by a particular economy in the development process.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in the UNCTAD Data Hub.

Generation date: 11 October 2024