Merchandise exports to low- and middle-income economies in Latin in Panama
Panama: Merchandise exports to low- and middle-income economies in Latin was 5.7% in 2023. ▲ Rising
Merchandise exports to low- and middle-income economies in Latin in Panama, 1961–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise exports.
Analysis
Panama recorded 5.7% for merchandise exports to low- and middle-income economies in latin in 2023.
The figure is up 13.9% on the previous year and down 69.9% over ten years.
Over the whole period, merchandise exports to low- and middle-income economies in latin in Panama peaked at 26.0% in 1996 and was at its lowest, 0.5%, in 1961.
That places Panama 31st out of 203 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 63 years of available data.
Merchandise exports to low- and middle-income economies in Latin in Panama, year by year
| Year | % of total merchandise exports | Change |
|---|---|---|
| 1961 | 0.5% | — |
| 1962 | 11.8% | +2429.4% |
| 1963 | 4.2% | -63.9% |
| 1964 | 4.9% | +14.9% |
| 1965 | 2.1% | -57.4% |
| 1966 | 3.8% | +80.3% |
| 1967 | 2.3% | -37.8% |
| 1968 | 3.2% | +37.9% |
| 1969 | 5.4% | +67.0% |
| 1970 | 4.4% | -18.2% |
| 1971 | 11.0% | +151.4% |
| 1972 | 5.7% | -48.3% |
| 1973 | 8.4% | +47.5% |
| 1974 | 10.1% | +20.4% |
| 1975 | 8.3% | -18.3% |
| 1976 | 12.3% | +49.0% |
| 1977 | 18.2% | +47.6% |
| 1978 | 19.4% | +6.4% |
| 1979 | 19.3% | -0.3% |
| 1980 | 20.3% | +5.2% |
| 1981 | 14.3% | -29.6% |
| 1982 | 16.2% | +13.2% |
| 1983 | 14.9% | -8.1% |
| 1984 | 14.3% | -3.5% |
| 1985 | 12.1% | -16.0% |
| 1986 | 11.6% | -3.6% |
| 1987 | 12.1% | +4.1% |
| 1988 | 18.9% | +56.1% |
| 1989 | 21.3% | +12.8% |
| 1990 | 19.8% | -7.1% |
| 1991 | 22.5% | +13.7% |
| 1992 | 17.3% | -22.9% |
| 1993 | 21.1% | +21.4% |
| 1994 | 21.4% | +1.9% |
| 1995 | 24.9% | +16.0% |
| 1996 | 26.0% | +4.6% |
| 1997 | 23.0% | -11.4% |
| 1998 | 23.1% | +0.4% |
| 1999 | 24.4% | +5.4% |
| 2000 | 23.7% | -2.9% |
| 2001 | 23.7% | +0.2% |
| 2002 | 22.7% | -4.4% |
| 2003 | 17.5% | -22.8% |
| 2004 | 17.3% | -1.2% |
| 2005 | 19.2% | +10.8% |
| 2006 | 19.1% | -0.5% |
| 2007 | 16.7% | -12.5% |
| 2008 | 15.6% | -6.5% |
| 2009 | 19.1% | +22.1% |
| 2010 | 19.7% | +3.3% |
| 2011 | 18.2% | -7.3% |
| 2012 | 18.4% | +0.9% |
| 2013 | 19.0% | +3.0% |
| 2014 | 20.3% | +7.1% |
| 2015 | 23.8% | +17.4% |
| 2016 | 20.9% | -12.4% |
| 2017 | 19.6% | -6.3% |
| 2018 | 19.7% | +0.9% |
| 2019 | 19.3% | -2.1% |
| 2020 | 14.9% | -22.6% |
| 2021 | 7.3% | -51.0% |
| 2022 | 5.0% | -31.8% |
| 2023 | 5.7% | +13.9% |
Panama compared with similar countries
- Panama's 5.7% is above the median for high income countries, which is 1.7%, 3.4× the median. (74 countries reporting)
- Panama's 5.7% is below the median for Latin America & Caribbean, which is 14.5%, 39% of the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise exports to low- and middle-income economies in Latin 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 |
|---|---|---|---|
| 1962 | +2429.4% | 0.5% | 11.8% |
| 1971 | +151.4% | 4.4% | 11.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.2% | 0.5% | 11.8% | 9 |
| 1970s | 11.7% | 4.4% | 19.4% | 10 |
| 1980s | 15.6% | 11.6% | 21.3% | 10 |
| 1990s | 22.4% | 17.3% | 26.0% | 10 |
| 2000s | 19.4% | 15.6% | 23.7% | 10 |
| 2010s | 19.9% | 18.2% | 23.8% | 10 |
| 2020s | 8.2% | 5.0% | 14.9% | 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 to low- and middle-income economies in latin in Panama?
- Merchandise exports to low- and middle-income economies in latin in Panama was 5.7% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise exports to low- and middle-income economies in latin recorded in Panama?
- The highest recorded value was 26.0% in 1996.
- What is the lowest merchandise exports to low- and middle-income economies in latin recorded in Panama?
- The lowest recorded value was 0.5% in 1961.
- How does Panama rank for merchandise exports to low- and middle-income economies in latin?
- Panama ranks 31st out of 203 countries with data for 2023.
- Is merchandise exports to low- and middle-income economies in latin rising or falling in Panama?
- Over the last ten years it is down 69.9%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Merchandise exports to low- and middle-income economies in Latin America & the Caribbean (% of total merchandise exports). Statizoid updates them automatically from the source API.
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About this data
Merchandise exports to low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the Latin America and the Caribbean region according to World Bank classification of economies. Data are 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.