Commercial service imports in Panama
Panama: Commercial service imports was 5.82 billion current US$ in 2025. ◆ Volatile
Commercial service imports in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current US$.
Analysis
In 2025, commercial service imports in Panama stood at 5.82 billion current US$.
The figure is down 0.5% on the previous year and up 22.8% over ten years.
Over the whole period, commercial service imports in Panama peaked at 5.95 billion current US$ in 2023 and was at its lowest, 177.80 million current US$, in 1977.
Panama ranks 87th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Commercial service imports in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1977 | 177.80 million current US$ | — |
| 1978 | 203.40 million current US$ | +14.4% |
| 1979 | 256.10 million current US$ | +25.9% |
| 1980 | 567.20 million current US$ | +121.5% |
| 1981 | 645.00 million current US$ | +13.7% |
| 1982 | 602.80 million current US$ | -6.5% |
| 1983 | 518.30 million current US$ | -14.0% |
| 1984 | 568.30 million current US$ | +9.6% |
| 1985 | 622.40 million current US$ | +9.5% |
| 1986 | 760.10 million current US$ | +22.1% |
| 1987 | 680.40 million current US$ | -10.5% |
| 1988 | 499.10 million current US$ | -26.6% |
| 1989 | 556.20 million current US$ | +11.4% |
| 1990 | 666.90 million current US$ | +19.9% |
| 1991 | 821.20 million current US$ | +23.1% |
| 1992 | 886.40 million current US$ | +7.9% |
| 1993 | 943.00 million current US$ | +6.4% |
| 1994 | 1.03 billion current US$ | +9.3% |
| 1995 | 1.05 billion current US$ | +2.0% |
| 1996 | 1.00 billion current US$ | -4.7% |
| 1997 | 1.25 billion current US$ | +24.7% |
| 1998 | 1.22 billion current US$ | -2.2% |
| 1999 | 1.11 billion current US$ | -9.0% |
| 2000 | 1.11 billion current US$ | -0.4% |
| 2001 | 1.06 billion current US$ | -4.0% |
| 2002 | 1.26 billion current US$ | +18.6% |
| 2003 | 1.26 billion current US$ | -0.1% |
| 2004 | 1.42 billion current US$ | +12.4% |
| 2005 | 1.76 billion current US$ | +24.3% |
| 2006 | 1.67 billion current US$ | -5.0% |
| 2007 | 2.15 billion current US$ | +28.8% |
| 2008 | 2.65 billion current US$ | +23.2% |
| 2009 | 2.17 billion current US$ | -18.4% |
| 2010 | 2.75 billion current US$ | +26.9% |
| 2011 | 4.27 billion current US$ | +55.4% |
| 2012 | 4.33 billion current US$ | +1.5% |
| 2013 | 5.08 billion current US$ | +17.2% |
| 2014 | 4.85 billion current US$ | -4.4% |
| 2015 | 4.74 billion current US$ | -2.3% |
| 2016 | 4.66 billion current US$ | -1.7% |
| 2017 | 4.58 billion current US$ | -1.6% |
| 2018 | 5.10 billion current US$ | +11.2% |
| 2019 | 4.98 billion current US$ | -2.3% |
| 2020 | 3.12 billion current US$ | -37.3% |
| 2021 | 4.05 billion current US$ | +30.0% |
| 2022 | 5.55 billion current US$ | +37.0% |
| 2023 | 5.95 billion current US$ | +7.2% |
| 2024 | 5.85 billion current US$ | -1.7% |
| 2025 | 5.82 billion current US$ | -0.5% |
Panama compared with similar countries
- Panama's 5.82 billion current US$ is below the median for high income countries, which is 18.83 billion current US$, 31% of the median. (72 countries reporting)
- Panama's 5.82 billion current US$ is above the median for Latin America & Caribbean, which is 2.75 billion current US$, 2.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Commercial service imports in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +121.5% | 256.10 million current US$ | 567.20 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 212.43 million current US$ | 177.80 million current US$ | 256.10 million current US$ | 3 |
| 1980s | 601.98 million current US$ | 499.10 million current US$ | 760.10 million current US$ | 10 |
| 1990s | 998.35 million current US$ | 666.90 million current US$ | 1.25 billion current US$ | 10 |
| 2000s | 1.65 billion current US$ | 1.06 billion current US$ | 2.65 billion current US$ | 10 |
| 2010s | 4.53 billion current US$ | 2.75 billion current US$ | 5.10 billion current US$ | 10 |
| 2020s | 5.06 billion current US$ | 3.12 billion current US$ | 5.95 billion current US$ | 6 |
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$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is commercial service imports in Panama?
- Commercial service imports in Panama was 5.82 billion current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest commercial service imports recorded in Panama?
- The highest recorded value was 5.95 billion current US$ in 2023.
- What is the lowest commercial service imports recorded in Panama?
- The lowest recorded value was 177.80 million current US$ in 1977.
- How does Panama rank for commercial service imports?
- Panama ranks 87th out of 200 countries with data for 2025.
- Is commercial service imports rising or falling in Panama?
- Over the last ten years it is up 22.8%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Commercial service imports (current US$). Statizoid updates them automatically from the source API.
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About this data
Commercial service imports are total service imports minus imports of government services not included elsewhere. Imports of services are services provided by non-residents to residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.