Merchandise imports from low- and middle-income economies in Latin in Panama
Panama: Merchandise imports from low- and middle-income economies in Latin was 26.5% in 2023. ▲ Rising
Merchandise imports from low- and middle-income economies in Latin in Panama, 1960–2023
Source: Staff estimates, World Bank (WB). Measured in % of total merchandise imports.
Analysis
Panama recorded 26.5% for merchandise imports from low- and middle-income economies in latin in 2023.
The figure is up 4.2% on the previous year and up 8.5% over ten years.
Over the whole period, merchandise imports from low- and middle-income economies in latin in Panama peaked at 31.4% in 2001 and was at its lowest, 2.1%, in 1961.
Panama ranks 11th of 206 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 64 years of available data.
Merchandise imports from low- and middle-income economies in Latin in Panama, year by year
| Year | % of total merchandise imports | Change |
|---|---|---|
| 1960 | 3.5% | — |
| 1961 | 2.1% | -40.4% |
| 1962 | 4.5% | +118.4% |
| 1963 | 4.4% | -3.5% |
| 1964 | 6.8% | +55.6% |
| 1965 | 4.2% | -38.8% |
| 1966 | 3.9% | -7.8% |
| 1967 | 4.4% | +13.2% |
| 1968 | 5.1% | +18.0% |
| 1969 | 5.6% | +9.5% |
| 1970 | 6.1% | +7.8% |
| 1971 | 7.5% | +22.8% |
| 1972 | 12.0% | +61.2% |
| 1973 | 22.5% | +87.4% |
| 1974 | 27.5% | +22.1% |
| 1975 | 24.3% | -11.7% |
| 1976 | 27.6% | +13.8% |
| 1977 | 25.6% | -7.3% |
| 1978 | 27.6% | +7.7% |
| 1979 | 25.6% | -7.2% |
| 1980 | 11.1% | -56.6% |
| 1981 | 17.9% | +61.0% |
| 1982 | 24.2% | +35.1% |
| 1983 | 27.4% | +13.5% |
| 1984 | 26.3% | -4.0% |
| 1985 | 25.4% | -3.4% |
| 1986 | 21.4% | -16.0% |
| 1987 | 24.0% | +12.2% |
| 1988 | 26.1% | +8.8% |
| 1989 | 20.6% | -20.9% |
| 1990 | 29.0% | +40.8% |
| 1991 | 21.4% | -26.2% |
| 1992 | 21.5% | +0.3% |
| 1993 | 21.0% | -2.3% |
| 1994 | 19.8% | -5.7% |
| 1995 | 22.0% | +10.9% |
| 1996 | 22.2% | +1.2% |
| 1997 | 24.6% | +10.7% |
| 1998 | 20.4% | -17.2% |
| 1999 | 24.6% | +20.9% |
| 2000 | 24.8% | +0.8% |
| 2001 | 31.4% | +26.4% |
| 2002 | 27.7% | -11.8% |
| 2003 | 26.0% | -6.0% |
| 2004 | 28.7% | +10.3% |
| 2005 | 29.6% | +3.0% |
| 2006 | 29.4% | -0.4% |
| 2007 | 24.6% | -16.5% |
| 2008 | 26.7% | +8.5% |
| 2009 | 29.7% | +11.6% |
| 2010 | 28.4% | -4.4% |
| 2011 | 27.5% | -3.3% |
| 2012 | 28.3% | +3.1% |
| 2013 | 24.4% | -13.9% |
| 2014 | 21.4% | -12.1% |
| 2015 | 22.7% | +5.8% |
| 2016 | 24.2% | +6.5% |
| 2017 | 23.9% | -0.9% |
| 2018 | 23.8% | -0.4% |
| 2019 | 23.6% | -0.8% |
| 2020 | 27.1% | +14.9% |
| 2021 | 26.0% | -4.3% |
| 2022 | 25.4% | -2.3% |
| 2023 | 26.5% | +4.2% |
Panama compared with similar countries
- Panama's 26.5% is above the median for high income countries, which is 1.5%, 17.1× the median. (74 countries reporting)
- Panama's 26.5% is above the median for Latin America & Caribbean, which is 16.0%, 1.7× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Merchandise imports from 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 | +118.4% | 2.1% | 4.5% |
| 1973 | +87.4% | 12.0% | 22.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.5% | 2.1% | 6.8% | 10 |
| 1970s | 20.6% | 6.1% | 27.6% | 10 |
| 1980s | 22.4% | 11.1% | 27.4% | 10 |
| 1990s | 22.6% | 19.8% | 29.0% | 10 |
| 2000s | 27.9% | 24.6% | 31.4% | 10 |
| 2010s | 24.8% | 21.4% | 28.4% | 10 |
| 2020s | 26.2% | 25.4% | 27.1% | 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 from low- and middle-income economies in latin in Panama?
- Merchandise imports from low- and middle-income economies in latin in Panama was 26.5% in 2023, according to Staff estimates, World Bank (WB).
- What is the highest merchandise imports from low- and middle-income economies in latin recorded in Panama?
- The highest recorded value was 31.4% in 2001.
- What is the lowest merchandise imports from low- and middle-income economies in latin recorded in Panama?
- The lowest recorded value was 2.1% in 1961.
- How does Panama rank for merchandise imports from low- and middle-income economies in latin?
- Panama ranks 11th out of 206 countries with data for 2023.
- Is merchandise imports from low- and middle-income economies in latin rising or falling in Panama?
- Over the last ten years it is up 8.5%. 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 imports from low- and middle-income economies in Latin America & the Caribbean (% of total merchandise imports). Statizoid updates them automatically from the source API.
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About this data
Merchandise imports from low- and middle-income economies in Latin America and the Caribbean are the sum of merchandise imports by the reporting economy from low- and middle-income economies in the Latin America and the Caribbean region 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.