Trade balance — all countries

Trade balance — Panama

Trade balance in Panama in 2024 — 4,362,456,400 US$. Ranked 50 in the world out of 171. Since 1960, the indicator has risen by 9,552.8%.

2024 4.36B US$ +78.89% vs 2023
World rank 50of 171
Period maximum 4.36B US$2024
Period minimum -2.67B US$2014

Trend over time

1960–2024 · US$

Trade balance — Panama, 1960–2024-4B-2B02B4B6B19601967197419811988199520022009201620231960: -46,149,900 US$1962: -26,011,300 US$1964: -34,693,800 US$1966: -42,123,000 US$1968: 6,750,700 US$1970: -78,331,400 US$1972: -135,926,500 US$1974: -327,422,300 US$1976: -294,310,400 US$1978: -252,021,800 US$1980: -343,256,800 US$1982: -182,648,100 US$1984: -177,016,300 US$1986: -211,369,700 US$1988: 115,280,000 US$1990: -437,957,800 US$1992: -978,414,600 US$1994: -1,079,342,300 US$1996: 115,337,600 US$1998: -457,788,800 US$2000: -152,896,100 US$2002: -46,898,200 US$2004: -544,831,600 US$2006: -575,485,000 US$2008: -2,054,903,100 US$2010: -1,631,940,800 US$2012: -1,713,727,500 US$2014: -2,670,322,000 US$2016: -546,489,700 US$2018: -967,171,100 US$2020: 2,189,815,800 US$2022: 1,971,580,500 US$2024: 4,362,456,400 US$
Change over the period: +4.41B (+9,552.8%)

Comparison, 2024

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

Panama 4.36B US$
World computed 863B US$
Central America computed -43.16B US$
High-income countries computed 621B US$
Trade balance — Panama, by year Panama All countries CSV XLSX
Year US$ Change Change, %
2024 4.36B +1.92B +78.89%
2023 2.44B +467M +23.69%
2022 1.97B −104M −5.02%
2021 2.08B −114M −5.21%
2020 2.19B +2.19B +1,040,886.98%
2019 -210,400 +967M +99.98%
2018 -967M −256M −36%
2017 -711M −165M −30.13%
2016 -546M +461M +45.74%
2015 -1.01B +1.66B +62.28%
2014 -2.67B −816M −44.01%
2013 -1.85B −141M −8.2%
2012 -1.71B −744M −76.74%
2011 -970M +662M +40.58%
2010 -1.63B −2.43B −303.64%
2009 801M +2.86B +139%
2008 -2.05B −1.03B −101.01%
2007 -1.02B −447M −77.64%
2006 -575M −120M −26.34%
2005 -455M +89.34M +16.4%
2004 -545M −409M −300.37%
2003 -136M −89.18M −190.16%
2002 -46.9M −269M −121.08%
2001 222M +375M +245.52%
2000 -153M +312M +67.12%
1999 -465M −7.24M −1.58%
1998 -458M −772M −245.56%
1997 315M +199M +172.68%
1996 115M +1.38B +109.12%
1995 -1.26B −185M −17.18%
1994 -1.08B −63.91M −6.29%
1993 -1.02B −37.02M −3.78%
1992 -978M −162M −19.82%
1991 -817M −379M −86.45%
1990 -438M −137M −45.66%
1989 -301M −416M −360.82%
1988 115M +379M +143.7%
1987 -264M −52.41M −24.79%
1986 -211M −3.67M −1.76%
1985 -208M −30.69M −17.34%
1984 -177M −245M −362.14%
1983 67.53M +250M +136.97%
1982 -183M +295M +61.75%
1981 -478M −134M −39.13%
1980 -343M +174M +33.65%
1979 -517M −265M −105.27%
1978 -252M −76.7M −43.74%
1977 -175M +119M +40.43%
1976 -294M −5.92M −2.05%
1975 -288M +39.03M +11.92%
1974 -327M −201M −158.22%
1973 -127M +9.13M +6.71%
1972 -136M −38.39M −39.37%
1971 -97.53M −19.2M −24.51%
1970 -78.33M −48.15M −159.49%
1969 -30.19M −36.94M −547.16%
1968 6.75M +27.64M +132.31%
1967 -20.89M +21.23M +50.4%
1966 -42.12M −9.77M −30.19%
1965 -32.35M +2.34M +6.74%
1964 -34.69M +19.02M +35.41%
1963 -53.72M −27.7M −106.51%
1962 -26.01M +12.82M +33.01%
1961 -38.83M +7.32M +15.87%
1960 -46.15M

Central America, 2024

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

About the indicator

The balance of foreign trade in goods and services: exports minus imports. This is the largest part of the current account but not the whole of it — investment income and remittances do not enter the trade balance, and for countries with large transfers the two indicators move in opposite directions. A surplus is not in itself a sign of a healthy economy: a country importing equipment for construction will run a deficit precisely because it is investing in growth.

Important: Goods and services together. For countries with large service exports — tourism, transport, software — the merchandise balance can be negative while the overall balance is positive.

Source: World Development Indicators (World Bank), license CC BY 4.0.