Merchandise exports to high-income economies in Panama
Panama: Merchandise exports to high-income economies was 47.8% in 2023. ▼ Falling
Merchandise exports to high-income economies in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
The most recent figure for merchandise exports to high-income economies in Panama is 47.8%, measured in 2023. That is the lowest value across all 64 years on record.
The figure is down 8.0% on the previous year and down 27.4% over ten years.
Over the whole period, merchandise exports to high-income economies in Panama peaked at 99.5% in 1961 and was at its lowest, 47.8%, in 2023.
That places Panama 146th out of 206 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently falling across the 64 years of available data.
Merchandise exports to high-income economies in Panama, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1960 | 99.5% | — |
| 1961 | 99.5% | +0.1% |
| 1962 | 88.2% | -11.4% |
| 1963 | 95.8% | +8.5% |
| 1964 | 94.9% | -0.8% |
| 1965 | 97.6% | +2.8% |
| 1966 | 95.7% | -2.0% |
| 1967 | 97.4% | +1.8% |
| 1968 | 96.7% | -0.8% |
| 1969 | 94.4% | -2.4% |
| 1970 | 95.6% | +1.3% |
| 1971 | 88.9% | -7.0% |
| 1972 | 93.3% | +4.9% |
| 1973 | 90.9% | -2.6% |
| 1974 | 89.2% | -1.9% |
| 1975 | 89.0% | -0.1% |
| 1976 | 85.6% | -3.8% |
| 1977 | 79.8% | -6.9% |
| 1978 | 76.9% | -3.6% |
| 1979 | 79.0% | +2.7% |
| 1980 | 77.9% | -1.3% |
| 1981 | 79.8% | +2.4% |
| 1982 | 78.2% | -2.0% |
| 1983 | 84.7% | +8.3% |
| 1984 | 85.2% | +0.6% |
| 1985 | 87.0% | +2.2% |
| 1986 | 87.3% | +0.3% |
| 1987 | 87.5% | +0.3% |
| 1988 | 80.5% | -8.0% |
| 1989 | 78.2% | -2.8% |
| 1990 | 79.7% | +1.9% |
| 1991 | 76.4% | -4.1% |
| 1992 | 81.6% | +6.8% |
| 1993 | 78.5% | -3.8% |
| 1994 | 78.1% | -0.5% |
| 1995 | 65.5% | -16.1% |
| 1996 | 66.1% | +0.8% |
| 1997 | 76.4% | +15.6% |
| 1998 | 75.7% | -0.9% |
| 1999 | 74.5% | -1.5% |
| 2000 | 75.4% | +1.2% |
| 2001 | 73.5% | -2.5% |
| 2002 | 75.5% | +2.8% |
| 2003 | 80.0% | +5.9% |
| 2004 | 78.8% | -1.5% |
| 2005 | 77.9% | -1.0% |
| 2006 | 78.5% | +0.7% |
| 2007 | 77.8% | -0.9% |
| 2008 | 78.3% | +0.6% |
| 2009 | 76.3% | -2.5% |
| 2010 | 72.6% | -4.9% |
| 2011 | 71.0% | -2.1% |
| 2012 | 70.1% | -1.3% |
| 2013 | 65.9% | -6.0% |
| 2014 | 60.4% | -8.3% |
| 2015 | 60.1% | -0.5% |
| 2016 | 63.9% | +6.2% |
| 2017 | 60.2% | -5.8% |
| 2018 | 59.8% | -0.6% |
| 2019 | 60.7% | +1.5% |
| 2020 | 54.2% | -10.7% |
| 2021 | 53.4% | -1.5% |
| 2022 | 52.0% | -2.6% |
| 2023 | 47.8% | -8.0% |
Panama compared with similar countries
- Panama's 47.8% is below the median for high income countries, which is 80.7%, 59% of the median. (74 countries reporting)
- Panama's 47.8% is below the median for Latin America & Caribbean, which is 66.4%, 72% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 96.0% | 88.2% | 99.5% | 10 |
| 1970s | 86.8% | 76.9% | 95.6% | 10 |
| 1980s | 82.6% | 77.9% | 87.5% | 10 |
| 1990s | 75.2% | 65.5% | 81.6% | 10 |
| 2000s | 77.2% | 73.5% | 80.0% | 10 |
| 2010s | 64.5% | 59.8% | 72.6% | 10 |
| 2020s | 51.9% | 47.8% | 54.2% | 4 |
Countries ranked near Panama
- 143 Peru 48.5% compare
- 144 Kuwait 48.5% compare
- 145 South Sudan 48.0% compare
- 147 Montenegro 47.3% compare
- 148 United Arab Emirates 46.8% compare
- 149 Comoros 46.7% compare
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 to high-income economies in Panama?
- Merchandise exports to high-income economies in Panama was 47.8% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to high-income economies recorded in Panama?
- The highest recorded value was 99.5% in 1961.
- What is the lowest merchandise exports to high-income economies recorded in Panama?
- The lowest recorded value was 47.8% in 2023.
- How does Panama rank for merchandise exports to high-income economies?
- Panama ranks 146th out of 206 countries with data for 2023.
- Is merchandise exports to high-income economies rising or falling in Panama?
- Over the last ten years it is down 27.4%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to high-income economies (% of total merchandise exports). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.