Merchandise imports from high-income economies in Panama
Panama: Merchandise imports from high-income economies was 50.0% in 2023. ▼ Falling
Merchandise imports from high-income economies in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
In 2023, merchandise imports from high-income economies in Panama stood at 50.0%. That is the lowest value across all 64 years on record.
That represents a change of down 7.3% on the previous year and down 17.0% over ten years.
Over the whole period, merchandise imports from high-income economies in Panama peaked at 97.5% in 1961 and was at its lowest, 50.0%, in 2023.
That places Panama 136th 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 imports from high-income economies in Panama, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 95.9% | — |
| 1961 | 97.5% | +1.6% |
| 1962 | 81.2% | -16.7% |
| 1963 | 73.3% | -9.7% |
| 1964 | 71.0% | -3.2% |
| 1965 | 72.2% | +1.7% |
| 1966 | 70.7% | -2.1% |
| 1967 | 72.1% | +2.0% |
| 1968 | 70.2% | -2.6% |
| 1969 | 70.2% | -0.0% |
| 1970 | 72.9% | +3.9% |
| 1971 | 72.2% | -1.0% |
| 1972 | 72.5% | +0.4% |
| 1973 | 69.4% | -4.3% |
| 1974 | 60.2% | -13.2% |
| 1975 | 65.7% | +9.1% |
| 1976 | 63.5% | -3.4% |
| 1977 | 63.5% | -0.1% |
| 1978 | 63.5% | +0.0% |
| 1979 | 67.9% | +7.0% |
| 1980 | 80.0% | +17.9% |
| 1981 | 72.5% | -9.5% |
| 1982 | 64.0% | -11.6% |
| 1983 | 62.3% | -2.7% |
| 1984 | 64.9% | +4.2% |
| 1985 | 67.0% | +3.2% |
| 1986 | 74.1% | +10.7% |
| 1987 | 70.8% | -4.5% |
| 1988 | 68.7% | -3.0% |
| 1989 | 73.8% | +7.5% |
| 1990 | 67.6% | -8.5% |
| 1991 | 74.3% | +10.0% |
| 1992 | 74.8% | +0.7% |
| 1993 | 76.1% | +1.7% |
| 1994 | 76.6% | +0.7% |
| 1995 | 73.5% | -4.1% |
| 1996 | 68.5% | -6.8% |
| 1997 | 69.9% | +2.1% |
| 1998 | 74.7% | +6.9% |
| 1999 | 70.8% | -5.3% |
| 2000 | 69.3% | -2.1% |
| 2001 | 60.8% | -12.2% |
| 2002 | 64.8% | +6.4% |
| 2003 | 67.9% | +4.9% |
| 2004 | 63.0% | -7.3% |
| 2005 | 64.5% | +2.4% |
| 2006 | 62.4% | -3.2% |
| 2007 | 66.5% | +6.6% |
| 2008 | 63.3% | -4.9% |
| 2009 | 61.4% | -3.0% |
| 2010 | 61.0% | -0.7% |
| 2011 | 60.2% | -1.4% |
| 2012 | 57.8% | -3.9% |
| 2013 | 60.2% | +4.2% |
| 2014 | 63.3% | +5.0% |
| 2015 | 60.4% | -4.5% |
| 2016 | 58.6% | -3.1% |
| 2017 | 57.6% | -1.6% |
| 2018 | 56.9% | -1.2% |
| 2019 | 57.9% | +1.7% |
| 2020 | 55.1% | -4.9% |
| 2021 | 53.5% | -2.9% |
| 2022 | 53.9% | +0.9% |
| 2023 | 50.0% | -7.3% |
Panama compared with similar countries
- Panama's 50.0% is below the median for high income countries, which is 78.4%, 64% of the median. (74 countries reporting)
- Panama's 50.0% is below the median for Latin America & Caribbean, which is 58.3%, 86% of the median. (36 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 77.4% | 70.2% | 97.5% | 10 |
| 1970s | 67.1% | 60.2% | 72.9% | 10 |
| 1980s | 69.8% | 62.3% | 80.0% | 10 |
| 1990s | 72.7% | 67.6% | 76.6% | 10 |
| 2000s | 64.4% | 60.8% | 69.3% | 10 |
| 2010s | 59.4% | 56.9% | 63.3% | 10 |
| 2020s | 53.1% | 50.0% | 55.1% | 4 |
Countries ranked near Panama
- 133 Iran, Islamic Republic of 50.6% compare
- 134 Sao Tome and Principe 50.1% compare
- 135 Azerbaijan 50.1% compare
- 137 Cameroon 49.8% compare
- 138 Kenya 49.4% compare
- 139 Viet Nam 48.0% 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 from high-income economies in Panama?
- Merchandise imports from high-income economies in Panama was 50.0% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from high-income economies recorded in Panama?
- The highest recorded value was 97.5% in 1961.
- What is the lowest merchandise imports from high-income economies recorded in Panama?
- The lowest recorded value was 50.0% in 2023.
- How does Panama rank for merchandise imports from high-income economies?
- Panama ranks 136th out of 206 countries with data for 2023.
- Is merchandise imports from high-income economies rising or falling in Panama?
- Over the last ten years it is down 17.0%. 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 imports from high-income economies (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.