Fuel imports (% of merchandise imports) — all countries

Fuel imports (% of merchandise imports) — Panama

Fuel imports (% of merchandise imports) in Panama in 2024 — 19.97%. Ranked 33 in the world out of 131. Since 1962, the indicator has risen by 1.31 pp.

2024 19.97% −0.11 pp vs 2023
World rank 33of 131
Period maximum 40.41%1975
Period minimum 1.47%2010

Trend over time

1962–2024 · % of merchandise imports

Fuel imports (% of merchandise imports) — Panama, 1962–2024020406019621969197619831990199720042011201820241962: 18.66%1963: 23.2%1964: 20.87%1965: 20.69%1966: 21.64%1967: 20.19%1968: 21.27%1969: 22.07%1970: 18.59%1971: 17.92%1972: 16.65%1973: 20.31%1974: 35.67%1975: 40.41%1976: 33.25%1977: 33%1978: 24.42%1979: 28.52%1980: 30.52%1981: 28.11%1982: 26.63%1983: 27.77%1984: 26.01%1985: 21.18%1986: 13.89%1987: 16.27%1995: 13.63%1996: 15.92%1997: 14.01%1998: 9.43%1999: 11.6%2000: 18.46%2001: 20.52%2002: 17.13%2003: 8.82%2004: 14.6%2005: 17.95%2006: 6.58%2007: 6.8%2008: 3.32%2009: 1.64%2010: 1.47%2011: 9.1%2012: 10.48%2013: 10.44%2014: 11.32%2015: 7.37%2016: 7.56%2017: 9.14%2018: 10.46%2019: 10.87%2020: 6.31%2021: 16.55%2022: 23.57%2023: 20.08%2024: 19.97%
Change over the period: +1.31 pp Annual average: 0.02 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Panama

Panama 19.97%
World 13.08%
Central America computed 7.72%
High-income countries computed 11%
Fuel imports (% of merchandise imports) — Panama, by year Panama All countries CSV XLSX
Year % Change, pp
2024 19.97 −0.11 pp
2023 20.08 −3.49 pp
2022 23.57 +7.02 pp
2021 16.55 +10.25 pp
2020 6.31 −4.56 pp
2019 10.87 +0.4 pp
2018 10.46 +1.33 pp
2017 9.14 +1.57 pp
2016 7.56 +0.2 pp
2015 7.37 −3.96 pp
2014 11.32 +0.88 pp
2013 10.44 −0.04 pp
2012 10.48 +1.39 pp
2011 9.1 +7.63 pp
2010 1.47 −0.17 pp
2009 1.64 −1.69 pp
2008 3.32 −3.47 pp
2007 6.8 +0.22 pp
2006 6.58 −11.37 pp
2005 17.95 +3.34 pp
2004 14.6 +5.79 pp
2003 8.82 −8.31 pp
2002 17.13 −3.39 pp
2001 20.52 +2.06 pp
2000 18.46 +6.86 pp
1999 11.6 +2.17 pp
1998 9.43 −4.58 pp
1997 14.01 −1.91 pp
1996 15.92 +2.29 pp
1995 13.63
1987 16.27 +2.38 pp
1986 13.89 −7.29 pp
1985 21.18 −4.83 pp
1984 26.01 −1.76 pp
1983 27.77 +1.14 pp
1982 26.63 −1.48 pp
1981 28.11 −2.41 pp
1980 30.52 +2 pp
1979 28.52 +4.1 pp
1978 24.42 −8.58 pp
1977 33 −0.25 pp
1976 33.25 −7.16 pp
1975 40.41 +4.74 pp
1974 35.67 +15.35 pp
1973 20.31 +3.67 pp
1972 16.65 −1.27 pp
1971 17.92 −0.68 pp
1970 18.59 −3.48 pp
1969 22.07 +0.81 pp
1968 21.27 +1.08 pp
1967 20.19 −1.45 pp
1966 21.64 +0.96 pp
1965 20.69 −0.19 pp
1964 20.87 −2.32 pp
1963 23.2 +4.54 pp
1962 18.66

Central America, 2024

The same indicator for neighboring countries — with links to their pages

About the indicator

The share of fuel in merchandise imports — the reverse side of fuel dependence. The indicator measures vulnerability to rising energy prices: a country spending a quarter of its imports on fuel loses as much when prices double as an exporter does when they fall. The series reacts visibly to oil shocks, and it shows that in the 1970s the share of fuel in the imports of developed countries rose several times over.

Important: The share is of value, not of volume, so it rises when fuel becomes more expensive even with no change in physical deliveries. The aggregate is weighted by merchandise imports — the denominator of the indicator.

Source: UNCTADstat (UNCTAD), license CC BY 3.0 IGO.