Merchandise imports by the reporting economy (current US$) in Panama
Panama: Merchandise imports by the reporting economy (current US$) was 10.37 billion current US$ in 2023. ◆ Volatile
Latest (2023)
10.37 billion current US$
Change on year
down 7.2%
World rank
110th
of 206 countries
All-time high
11.18 billion current US$
in 2022
All-time low
94.38 million current US$
in 1960
Years of data
64
1960–2023
Merchandise imports by the reporting economy in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in current US$.
Analysis
The most recent figure for merchandise imports by the reporting economy in Panama is 10.37 billion current US$, measured in 2023.
The figure is down 7.2% on the previous year and up 12.3% over ten years.
Over the whole period, merchandise imports by the reporting economy in Panama peaked at 11.18 billion current US$ in 2022 and was at its lowest, 94.38 million current US$, in 1960.
That places Panama 110th out of 206 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy (current US$) in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 94.38 million current US$ | — |
| 1961 | 105.60 million current US$ | +11.9% |
| 1962 | 130.57 million current US$ | +23.6% |
| 1963 | 157.85 million current US$ | +20.9% |
| 1964 | 164.23 million current US$ | +4.0% |
| 1965 | 181.61 million current US$ | +10.6% |
| 1966 | 205.48 million current US$ | +13.1% |
| 1967 | 214.28 million current US$ | +4.3% |
| 1968 | 228.69 million current US$ | +6.7% |
| 1969 | 265.04 million current US$ | +15.9% |
| 1970 | 309.16 million current US$ | +16.6% |
| 1971 | 339.69 million current US$ | +9.9% |
| 1972 | 376.55 million current US$ | +10.9% |
| 1973 | 430.82 million current US$ | +14.4% |
| 1974 | 719.92 million current US$ | +67.1% |
| 1975 | 793.86 million current US$ | +10.3% |
| 1976 | 769.55 million current US$ | -3.1% |
| 1977 | 773.19 million current US$ | +0.5% |
| 1978 | 827.72 million current US$ | +7.1% |
| 1979 | 1.06 billion current US$ | +27.7% |
| 1980 | 1.30 billion current US$ | +23.1% |
| 1981 | 1.38 billion current US$ | +6.2% |
| 1982 | 1.40 billion current US$ | +1.1% |
| 1983 | 1.23 billion current US$ | -12.2% |
| 1984 | 1.21 billion current US$ | -1.1% |
| 1985 | 1.20 billion current US$ | -1.3% |
| 1986 | 1.09 billion current US$ | -9.1% |
| 1987 | 1.13 billion current US$ | +3.7% |
| 1988 | 691.57 million current US$ | -38.7% |
| 1989 | 771.58 million current US$ | +11.6% |
| 1990 | 1.19 billion current US$ | +54.2% |
| 1991 | 1.34 billion current US$ | +12.7% |
| 1992 | 1.61 billion current US$ | +20.1% |
| 1993 | 1.73 billion current US$ | +7.4% |
| 1994 | 1.97 billion current US$ | +14.0% |
| 1995 | 2.13 billion current US$ | +7.9% |
| 1996 | 2.36 billion current US$ | +11.0% |
| 1997 | 2.56 billion current US$ | +8.7% |
| 1998 | 2.91 billion current US$ | +13.6% |
| 1999 | 3.00 billion current US$ | +2.8% |
| 2000 | 3.07 billion current US$ | +2.4% |
| 2001 | 2.54 billion current US$ | -17.2% |
| 2002 | 2.54 billion current US$ | -0.1% |
| 2003 | 2.56 billion current US$ | +1.0% |
| 2004 | 2.74 billion current US$ | +6.7% |
| 2005 | 2.92 billion current US$ | +6.7% |
| 2006 | 3.41 billion current US$ | +16.8% |
| 2007 | 5.13 billion current US$ | +50.5% |
| 2008 | 6.61 billion current US$ | +28.7% |
| 2009 | 5.61 billion current US$ | -15.0% |
| 2010 | 6.44 billion current US$ | +14.7% |
| 2011 | 7.57 billion current US$ | +17.6% |
| 2012 | 8.50 billion current US$ | +12.2% |
| 2013 | 9.23 billion current US$ | +8.6% |
| 2014 | 10.07 billion current US$ | +9.1% |
| 2015 | 9.60 billion current US$ | -4.7% |
| 2016 | 9.30 billion current US$ | -3.1% |
| 2017 | 9.96 billion current US$ | +7.0% |
| 2018 | 10.11 billion current US$ | +1.6% |
| 2019 | 9.84 billion current US$ | -2.7% |
| 2020 | 6.50 billion current US$ | -34.0% |
| 2021 | 10.26 billion current US$ | +57.9% |
| 2022 | 11.18 billion current US$ | +8.9% |
| 2023 | 10.37 billion current US$ | -7.2% |
Panama compared with similar countries
- Panama's 10.37 billion current US$ is below the median for high income countries, which is 45.81 billion current US$, 23% of the median. (74 countries reporting)
- Panama's 10.37 billion current US$ is above the median for Latin America & Caribbean, which is 8.49 billion current US$, 1.2× the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 174.77 million current US$ | 94.38 million current US$ | 265.04 million current US$ | 10 |
| 1970s | 639.72 million current US$ | 309.16 million current US$ | 1.06 billion current US$ | 10 |
| 1980s | 1.14 billion current US$ | 691.57 million current US$ | 1.40 billion current US$ | 10 |
| 1990s | 2.08 billion current US$ | 1.19 billion current US$ | 3.00 billion current US$ | 10 |
| 2000s | 3.71 billion current US$ | 2.54 billion current US$ | 6.61 billion current US$ | 10 |
| 2010s | 9.06 billion current US$ | 6.44 billion current US$ | 10.11 billion current US$ | 10 |
| 2020s | 9.58 billion current US$ | 6.50 billion current US$ | 11.18 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$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is merchandise imports by the reporting economy in Panama?
- Merchandise imports by the reporting economy in Panama was 10.37 billion current US$ in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy recorded in Panama?
- The highest recorded value was 11.18 billion current US$ in 2022.
- What is the lowest merchandise imports by the reporting economy recorded in Panama?
- The lowest recorded value was 94.38 million current US$ in 1960.
- How does Panama rank for merchandise imports by the reporting economy?
- Panama ranks 110th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy rising or falling in Panama?
- Over the last ten years it is up 12.3%. 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 imports by the reporting economy (current US$). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy are the total merchandise imports by the reporting economy from the rest of the world, as reported in the IMF's Direction of trade database. Data are in current U.S. dollars.