Merchandise imports by the reporting economy, residual in Panama
Panama: Merchandise imports by the reporting economy, residual was 0.1% in 2023. ◆ Volatile
Merchandise imports by the reporting economy, residual in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Panama recorded 0.1% for merchandise imports by the reporting economy, residual in 2023.
That represents a change of up 205.9% on the previous year and down 80.1% over ten years.
Over the whole period, merchandise imports by the reporting economy, residual in Panama peaked at 24.4% in 1966 and was at its lowest, 0.0%, in 1961.
That places Panama 18th out of 206 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports by the reporting economy, residual in Panama, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 0.1% | — |
| 1961 | 0.0% | -100.0% |
| 1962 | 10.2% | — |
| 1963 | 21.8% | +114.0% |
| 1964 | 20.8% | -4.5% |
| 1965 | 22.4% | +7.6% |
| 1966 | 24.4% | +8.9% |
| 1967 | 23.1% | -5.4% |
| 1968 | 24.0% | +3.9% |
| 1969 | 23.3% | -2.8% |
| 1970 | 20.6% | -11.9% |
| 1971 | 19.8% | -3.8% |
| 1972 | 15.1% | -23.6% |
| 1973 | 7.8% | -48.4% |
| 1974 | 12.0% | +53.4% |
| 1975 | 9.3% | -22.4% |
| 1976 | 8.5% | -8.7% |
| 1977 | 9.4% | +10.5% |
| 1978 | 7.0% | -24.8% |
| 1979 | 6.1% | -13.3% |
| 1980 | 8.4% | +38.4% |
| 1981 | 9.2% | +8.6% |
| 1982 | 11.3% | +23.1% |
| 1983 | 9.9% | -12.3% |
| 1984 | 8.5% | -13.7% |
| 1985 | 7.4% | -13.7% |
| 1986 | 4.1% | -44.5% |
| 1987 | 4.6% | +13.6% |
| 1988 | 4.9% | +4.6% |
| 1989 | 3.9% | -18.7% |
| 1990 | 3.0% | -24.5% |
| 1991 | 3.5% | +16.3% |
| 1992 | 3.0% | -14.9% |
| 1993 | 2.2% | -24.9% |
| 1994 | 2.7% | +20.7% |
| 1995 | 3.8% | +41.5% |
| 1996 | 8.4% | +122.4% |
| 1997 | 4.5% | -46.0% |
| 1998 | 3.7% | -19.3% |
| 1999 | 3.1% | -14.4% |
| 2000 | 4.4% | +40.0% |
| 2001 | 6.1% | +38.1% |
| 2002 | 5.0% | -17.2% |
| 2003 | 3.2% | -35.4% |
| 2004 | 4.1% | +26.3% |
| 2005 | 1.5% | -63.0% |
| 2006 | 1.5% | -1.0% |
| 2007 | 1.1% | -29.5% |
| 2008 | 0.7% | -34.7% |
| 2009 | 0.5% | -26.8% |
| 2010 | 0.3% | -49.1% |
| 2011 | 0.3% | +16.7% |
| 2012 | 0.4% | +41.4% |
| 2013 | 0.4% | -12.1% |
| 2014 | 0.3% | -16.7% |
| 2015 | 0.3% | -15.8% |
| 2016 | 0.3% | -1.9% |
| 2017 | 0.1% | -64.0% |
| 2018 | 0.1% | -43.0% |
| 2019 | 0.0% | -19.4% |
| 2020 | 0.1% | +53.7% |
| 2021 | 0.0% | -61.6% |
| 2022 | 0.0% | -3.4% |
| 2023 | 0.1% | +205.9% |
Panama compared with similar countries
- Panama's 0.1% is above the median for high income countries, which is 0.0%, 66.6× the median. (74 countries reporting)
- Panama's 0.1% is above the median for Latin America & Caribbean, which is 0.0%, 3.0× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports by the reporting economy, residual 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 |
|---|---|---|---|
| 2023 | +205.9% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.0% | 0.0% | 24.4% | 10 |
| 1970s | 11.6% | 6.1% | 20.6% | 10 |
| 1980s | 7.2% | 3.9% | 11.3% | 10 |
| 1990s | 3.8% | 2.2% | 8.4% | 10 |
| 2000s | 2.8% | 0.5% | 6.1% | 10 |
| 2010s | 0.2% | 0.0% | 0.4% | 10 |
| 2020s | 0.0% | 0.0% | 0.1% | 4 |
Countries ranked near Panama
- 15 United States of America 0.1% compare
- 16 Türkiye 0.1% compare
- 17 Saint Kitts and Nevis 0.1% compare
- 19 Comoros 0.1% compare
- 20 Trinidad and Tobago 0.1% compare
- 21 Montenegro 0.1% 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 imports by the reporting economy, residual in Panama?
- Merchandise imports by the reporting economy, residual in Panama was 0.1% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports by the reporting economy, residual recorded in Panama?
- The highest recorded value was 24.4% in 1966.
- What is the lowest merchandise imports by the reporting economy, residual recorded in Panama?
- The lowest recorded value was 0.0% in 1961.
- How does Panama rank for merchandise imports by the reporting economy, residual?
- Panama ranks 18th out of 206 countries with data for 2023.
- Is merchandise imports by the reporting economy, residual rising or falling in Panama?
- Over the last ten years it is down 80.1%. 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, residual (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports by the reporting economy residuals 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, less the sum of imports by the reporting economy from high-, low-, and middle-income economies according to the World Bank classification of economies. Includes trade with unspecified partners or with economies not covered by World Bank classification. Data are as a percentage of total merchandise imports by the economy.