Merchandise imports in Panama
Panama: Merchandise imports was 25.76 billion current US$ in 2025. ◆ Volatile
Merchandise imports in Panama, 1960–2025
Source: World Trade Organization (WTO). Measured in current US$.
Analysis
The most recent figure for merchandise imports in Panama is 25.76 billion current US$, measured in 2025.
The figure is down 3.5% on the previous year and up 14.5% over ten years.
Over the whole period, merchandise imports in Panama peaked at 34.28 billion current US$ in 2023 and was at its lowest, 120.00 million current US$, in 1960.
Panama ranks 79th of 206 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise imports in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 120.00 million current US$ | — |
| 1961 | 136.00 million current US$ | +13.3% |
| 1962 | 160.00 million current US$ | +17.6% |
| 1963 | 181.00 million current US$ | +13.1% |
| 1964 | 181.00 million current US$ | +0.0% |
| 1965 | 208.00 million current US$ | +14.9% |
| 1966 | 235.00 million current US$ | +13.0% |
| 1967 | 251.00 million current US$ | +6.8% |
| 1968 | 266.00 million current US$ | +6.0% |
| 1969 | 294.00 million current US$ | +10.5% |
| 1970 | 357.00 million current US$ | +21.4% |
| 1971 | 396.00 million current US$ | +10.9% |
| 1972 | 440.00 million current US$ | +11.1% |
| 1973 | 502.00 million current US$ | +14.1% |
| 1974 | 822.00 million current US$ | +63.7% |
| 1975 | 892.00 million current US$ | +8.5% |
| 1976 | 848.00 million current US$ | -4.9% |
| 1977 | 861.00 million current US$ | +1.5% |
| 1978 | 942.00 million current US$ | +9.4% |
| 1979 | 1.18 billion current US$ | +25.7% |
| 1980 | 1.45 billion current US$ | +22.4% |
| 1981 | 1.54 billion current US$ | +6.3% |
| 1982 | 1.57 billion current US$ | +1.9% |
| 1983 | 1.41 billion current US$ | -10.1% |
| 1984 | 1.42 billion current US$ | +0.8% |
| 1985 | 1.39 billion current US$ | -2.2% |
| 1986 | 1.23 billion current US$ | -11.7% |
| 1987 | 1.31 billion current US$ | +6.3% |
| 1988 | 751.00 million current US$ | -42.5% |
| 1989 | 986.00 million current US$ | +31.3% |
| 1990 | 1.54 billion current US$ | +56.1% |
| 1991 | 1.70 billion current US$ | +10.1% |
| 1992 | 2.02 billion current US$ | +19.4% |
| 1993 | 2.19 billion current US$ | +8.1% |
| 1994 | 2.40 billion current US$ | +9.9% |
| 1995 | 2.51 billion current US$ | +4.5% |
| 1996 | 2.78 billion current US$ | +10.7% |
| 1997 | 3.00 billion current US$ | +8.0% |
| 1998 | 3.40 billion current US$ | +13.2% |
| 1999 | 3.52 billion current US$ | +3.5% |
| 2000 | 3.38 billion current US$ | -3.9% |
| 2001 | 2.96 billion current US$ | -12.3% |
| 2002 | 2.98 billion current US$ | +0.6% |
| 2003 | 3.09 billion current US$ | +3.5% |
| 2004 | 3.59 billion current US$ | +16.5% |
| 2005 | 9.60 billion current US$ | +167.1% |
| 2006 | 10.78 billion current US$ | +12.2% |
| 2007 | 13.27 billion current US$ | +23.1% |
| 2008 | 15.74 billion current US$ | +18.6% |
| 2009 | 13.88 billion current US$ | -11.8% |
| 2010 | 16.74 billion current US$ | +20.6% |
| 2011 | 21.80 billion current US$ | +30.3% |
| 2012 | 26.52 billion current US$ | +21.7% |
| 2013 | 22.99 billion current US$ | -13.3% |
| 2014 | 24.40 billion current US$ | +6.1% |
| 2015 | 22.50 billion current US$ | -7.8% |
| 2016 | 20.93 billion current US$ | -7.0% |
| 2017 | 21.93 billion current US$ | +4.8% |
| 2018 | 23.01 billion current US$ | +4.9% |
| 2019 | 21.49 billion current US$ | -6.6% |
| 2020 | 14.74 billion current US$ | -31.4% |
| 2021 | 20.60 billion current US$ | +39.7% |
| 2022 | 29.25 billion current US$ | +42.0% |
| 2023 | 34.28 billion current US$ | +17.2% |
| 2024 | 26.69 billion current US$ | -22.2% |
| 2025 | 25.76 billion current US$ | -3.5% |
Panama compared with similar countries
- Panama's 25.76 billion current US$ is below the median for high income countries, which is 44.50 billion current US$, 58% of the median. (77 countries reporting)
- Panama's 25.76 billion current US$ is above the median for Latin America & Caribbean, which is 8.75 billion current US$, 2.9× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2005 | +167.1% | 3.59 billion current US$ | 9.60 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 203.20 million current US$ | 120.00 million current US$ | 294.00 million current US$ | 10 |
| 1970s | 724.40 million current US$ | 357.00 million current US$ | 1.18 billion current US$ | 10 |
| 1980s | 1.31 billion current US$ | 751.00 million current US$ | 1.57 billion current US$ | 10 |
| 1990s | 2.51 billion current US$ | 1.54 billion current US$ | 3.52 billion current US$ | 10 |
| 2000s | 7.93 billion current US$ | 2.96 billion current US$ | 15.74 billion current US$ | 10 |
| 2010s | 22.23 billion current US$ | 16.74 billion current US$ | 26.52 billion current US$ | 10 |
| 2020s | 25.22 billion current US$ | 14.74 billion current US$ | 34.28 billion current US$ | 6 |
Countries ranked near Panama
- 76 Democratic Republic of Congo 28.10 billion current US$ compare
- 77 Costa Rica 27.48 billion current US$ compare
- 78 Latvia 26.28 billion current US$ compare
- 80 Estonia 25.30 billion current US$ compare
- 81 Azerbaijan 24.38 billion current US$ compare
- 82 Ethiopia 23.01 billion current US$ compare
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- 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$), annual growth rate -9.7 % change on previous year (2025)
- Merchandise imports (current US$), per capita 5,636 current US$ per person (2025)
Frequently asked questions
- What is merchandise imports in Panama?
- Merchandise imports in Panama was 25.76 billion current US$ in 2025, according to World Trade Organization (WTO).
- What is the highest merchandise imports recorded in Panama?
- The highest recorded value was 34.28 billion current US$ in 2023.
- What is the lowest merchandise imports recorded in Panama?
- The lowest recorded value was 120.00 million current US$ in 1960.
- How does Panama rank for merchandise imports?
- Panama ranks 79th out of 206 countries with data for 2025.
- Is merchandise imports rising or falling in Panama?
- Over the last ten years it is up 14.5%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from World Trade Organization (WTO), published as part of Merchandise imports (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise imports includes goods whose economic ownership is changed from a non-resident to a resident and that are not included in the following specific categories: goods under merchanting, non-monetary gold, and parts of travel, construction, and government goods and services n.i.e. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.