Panama PA: Imports: Lead Time: Border Compliance

Panama PA: Imports: Lead Time: Border Compliance data was reported at 24.000 Hour in 2017. This stayed constant from the previous number of 24.000 Hour for 2016. Panama PA: Imports: Lead Time: Border Compliance data is updated yearly, averaging 24.000 Hour from Dec 2014 to 2017, with 4 observations. The data reached an all-time high of 24.000 Hour in 2017 and a record low of 24.000 Hour in 2017. Panama PA: Imports: Lead Time: Border Compliance data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Panama – Table PA.World Bank: Trade Statistics. Border compliance captures the time and cost associated with compliance with the economy’s customs regulations and with regulations relating to other inspections that are mandatory in order for the shipment to cross the economy’s border, as well as the time and cost for handling that takes place at its port or border. The time and cost for this segment include time and cost for customs clearance and inspection procedures conducted by other government agencies.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Time is measured in hours, and 1 day is 24 hours (for example, 22 days are recorded as 22 × 24 = 528 hours). If customs clearance takes 7.5 hours, the data are recorded as is. Alternatively, suppose that documents are submitted to a customs agency at 8:00 a.m., are processed overnight and can be picked up at 8:00 a.m. the next day. In this case the time for customs clearance would be recorded as 24 hours because the actual procedure took 24 hours. Data are presented for the survey year instead of publication year.

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