Merchandise exports by the reporting economy (current US$) in Panama
Panama: Merchandise exports by the reporting economy (current US$) was 3.29 billion current US$ in 2023. ◆ Volatile
Latest (2023)
3.29 billion current US$
Change on year
down 8.1%
World rank
132nd
of 206 countries
All-time high
3.72 billion current US$
in 2021
All-time low
19.30 million current US$
in 1960
Years of data
64
1960–2023
Merchandise exports by the reporting economy in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
In 2023, merchandise exports by the reporting economy in Panama stood at 3.29 billion current US$.
Compared with earlier readings it is down 8.1% on the previous year and up 316.0% over ten years.
Over the whole period, merchandise exports by the reporting economy in Panama peaked at 3.72 billion current US$ in 2021 and was at its lowest, 19.30 million current US$, in 1960.
Panama ranks 132nd of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports by the reporting economy (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 19.30 million current US$ | — |
| 1961 | 21.50 million current US$ | +11.4% |
| 1962 | 34.00 million current US$ | +58.1% |
| 1963 | 40.00 million current US$ | +17.6% |
| 1964 | 55.30 million current US$ | +38.2% |
| 1965 | 62.50 million current US$ | +13.0% |
| 1966 | 72.00 million current US$ | +15.2% |
| 1967 | 77.20 million current US$ | +7.2% |
| 1968 | 87.10 million current US$ | +12.8% |
| 1969 | 102.74 million current US$ | +18.0% |
| 1970 | 100.86 million current US$ | -1.8% |
| 1971 | 110.84 million current US$ | +9.9% |
| 1972 | 118.45 million current US$ | +6.9% |
| 1973 | 128.49 million current US$ | +8.5% |
| 1974 | 164.87 million current US$ | +28.3% |
| 1975 | 245.77 million current US$ | +49.1% |
| 1976 | 200.95 million current US$ | -18.2% |
| 1977 | 208.83 million current US$ | +3.9% |
| 1978 | 218.24 million current US$ | +4.5% |
| 1979 | 244.66 million current US$ | +12.1% |
| 1980 | 291.70 million current US$ | +19.2% |
| 1981 | 281.40 million current US$ | -3.5% |
| 1982 | 229.10 million current US$ | -18.6% |
| 1983 | 242.73 million current US$ | +5.9% |
| 1984 | 233.32 million current US$ | -3.9% |
| 1985 | 282.23 million current US$ | +21.0% |
| 1986 | 309.77 million current US$ | +9.8% |
| 1987 | 318.11 million current US$ | +2.7% |
| 1988 | 262.25 million current US$ | -17.6% |
| 1989 | 269.31 million current US$ | +2.7% |
| 1990 | 295.13 million current US$ | +9.6% |
| 1991 | 312.18 million current US$ | +5.8% |
| 1992 | 440.51 million current US$ | +41.1% |
| 1993 | 468.63 million current US$ | +6.4% |
| 1994 | 480.07 million current US$ | +2.4% |
| 1995 | 2.03 billion current US$ | +321.9% |
| 1996 | 2.98 billion current US$ | +47.0% |
| 1997 | 599.00 million current US$ | -79.9% |
| 1998 | 658.96 million current US$ | +10.0% |
| 1999 | 655.89 million current US$ | -0.5% |
| 2000 | 711.88 million current US$ | +8.5% |
| 2001 | 775.57 million current US$ | +8.9% |
| 2002 | 715.17 million current US$ | -7.8% |
| 2003 | 765.37 million current US$ | +7.0% |
| 2004 | 850.81 million current US$ | +11.2% |
| 2005 | 915.52 million current US$ | +7.6% |
| 2006 | 928.19 million current US$ | +1.4% |
| 2007 | 1.02 billion current US$ | +9.6% |
| 2008 | 1.09 billion current US$ | +7.4% |
| 2009 | 782.04 million current US$ | -28.4% |
| 2010 | 693.13 million current US$ | -11.4% |
| 2011 | 740.70 million current US$ | +6.9% |
| 2012 | 774.02 million current US$ | +4.5% |
| 2013 | 791.40 million current US$ | +2.2% |
| 2014 | 778.89 million current US$ | -1.6% |
| 2015 | 667.09 million current US$ | -14.4% |
| 2016 | 614.16 million current US$ | -7.9% |
| 2017 | 636.72 million current US$ | +3.7% |
| 2018 | 641.09 million current US$ | +0.7% |
| 2019 | 663.44 million current US$ | +3.5% |
| 2020 | 1.68 billion current US$ | +153.3% |
| 2021 | 3.72 billion current US$ | +121.3% |
| 2022 | 3.58 billion current US$ | -3.6% |
| 2023 | 3.29 billion current US$ | -8.1% |
Panama compared with similar countries
- Panama's 3.29 billion current US$ is below the median for high income countries, which is 42.11 billion current US$, 8% of the median. (74 countries reporting)
- Panama's 3.29 billion current US$ is below the median for Latin America & Caribbean, which is 4.67 billion current US$, 71% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports by the reporting economy (current US$) 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 |
|---|---|---|---|
| 1995 | +321.9% | 480.07 million current US$ | 2.03 billion current US$ |
| 2020 | +153.3% | 663.44 million current US$ | 1.68 billion current US$ |
| 2021 | +121.3% | 1.68 billion current US$ | 3.72 billion current US$ |
| 1997 | -79.9% | 2.98 billion current US$ | 599.00 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 57.16 million current US$ | 19.30 million current US$ | 102.74 million current US$ | 10 |
| 1970s | 174.20 million current US$ | 100.86 million current US$ | 245.77 million current US$ | 10 |
| 1980s | 271.99 million current US$ | 229.10 million current US$ | 318.11 million current US$ | 10 |
| 1990s | 891.19 million current US$ | 295.13 million current US$ | 2.98 billion current US$ | 10 |
| 2000s | 855.42 million current US$ | 711.88 million current US$ | 1.09 billion current US$ | 10 |
| 2010s | 700.06 million current US$ | 614.16 million current US$ | 791.40 million current US$ | 10 |
| 2020s | 3.07 billion current US$ | 1.68 billion current US$ | 3.72 billion current US$ | 4 |
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$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is merchandise exports by the reporting economy in Panama?
- Merchandise exports by the reporting economy in Panama was 3.29 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports by the reporting economy recorded in Panama?
- The highest recorded value was 3.72 billion current US$ in 2021.
- What is the lowest merchandise exports by the reporting economy recorded in Panama?
- The lowest recorded value was 19.30 million current US$ in 1960.
- How does Panama rank for merchandise exports by the reporting economy?
- Panama ranks 132nd out of 206 countries with data for 2023.
- Is merchandise exports by the reporting economy rising or falling in Panama?
- Over the last ten years it is up 316.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.