Panama Trade Balance

1964 - 2024 | Monthly | USD mn | CEIC Data

Key information about Panama's Trade Balance

  • Panama's Trade Balance recorded a deficit of 1.3 USD bn in Oct 2024, compared with a deficit of 1.1 USD bn in the previous month
  • Panama's Trade Balance data is updated monthly, available from Jan 1964 to Oct 2024, with an averaged value of -146.8 USD mn
  • The data reached an all-time high of 3.1 USD mn in Apr 1988 and a record low of -1.3 USD bn in Oct 2014
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. The National Institute of Statistics and Census provides Total Exports and Total Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Trade Balance prior to January 2000 is sourced from the International Monetary Fund.

Further information about Panama's Trade Balance

  • In the latest reports, Panama's Total Exports reached 145.2 USD mn in Feb 2023, a decrease of 8.2% YoY (year-on-year)
  • Total Imports recorded 1.3 USD bn in Oct 2024, an increase of 8.2% YoY (year-on-year)

View Panama's Trade Balance from Jan 1964 to Oct 2024 in the chart:

Panama Trade Balance

What was Panama's Trade Balance in Oct 2024?

Panama's Trade Balance recorded a deficit of 1.3 USD bn in Oct 2024, compared with a deficit of 1.1 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,259.9 Oct 2024 -1,085.6 Sep 2024 -1,274.3 Oct 2014 3.1 Apr 1988 USD mn monthly Jan 1964 - Oct 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -510.0 Oct 2024 monthly Oct 1998 - Oct 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,295.4 Oct 2024 monthly Jan 1991 - Oct 2024
Armenia (USD mn) -373.8 Oct 2024 monthly Nov 1995 - Oct 2024
Australia (USD mn) 3,988.5 Oct 2024 monthly Jul 1971 - Oct 2024
Austria (USD mn) -621.5 Aug 2024 monthly Jan 1957 - Aug 2024
Azerbaijan (USD mn) 894.3 Oct 2024 monthly Jan 2000 - Oct 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,487.5 Sep 2024 monthly Jul 1986 - Sep 2024
Belarus (USD mn) -542.9 Sep 2024 monthly Jan 2000 - Sep 2024
Belgium (USD mn) -40.9 Oct 2024 monthly Jan 1993 - Oct 2024
Bolivia (USD mn) 58.6 Sep 2024 monthly Oct 1994 - Sep 2024
Bosnia and Herzegovina (USD mn) -568.5 Oct 2024 monthly Jan 2000 - Oct 2024
Botswana (USD mn) -334.3 Sep 2024 monthly Jan 2001 - Sep 2024
Brazil (USD mn) 7,030.4 Nov 2024 monthly Jan 1959 - Nov 2024
Brunei (USD mn) 376.2 Aug 2024 monthly Jan 2010 - Aug 2024
Bulgaria (USD mn) -738.4 Sep 2024 monthly Jan 1995 - Sep 2024
Cambodia (USD mn) -615.2 Oct 2024 monthly Jun 2013 - Oct 2024
Canada (USD mn) -671.7 Oct 2024 monthly Jan 1988 - Oct 2024
Chile (USD mn) 1,382.7 Nov 2024 monthly Jan 1968 - Nov 2024
China (USD mn) 95,718.8 Oct 2024 monthly Jan 1992 - Oct 2024
Colombia (USD mn) -1,031.9 Sep 2024 monthly Jan 1958 - Sep 2024
Croatia (USD mn) -1,657.8 Aug 2024 monthly Jan 1993 - Aug 2024
Cyprus (USD mn) -659.7 Sep 2024 monthly Jan 1957 - Sep 2024
Czech Republic (USD mn) 3,296.4 Sep 2024 monthly Jan 1996 - Sep 2024
Denmark (USD mn) 2,910.8 Sep 2024 monthly Jan 1997 - Sep 2024
Ecuador (USD mn) 400.5 Oct 2024 monthly Mar 1992 - Oct 2024
Egypt (USD mn) -4,271.0 Sep 2024 monthly Jan 1957 - Sep 2024
Estonia (USD mn) -231.3 Sep 2024 monthly Jan 1993 - Sep 2024
European Union (USD mn) 4,242.1 Oct 2024 monthly Jan 2002 - Oct 2024
Finland (USD mn) -359.5 Oct 2024 monthly Jan 1992 - Oct 2024
France (USD mn) -8,352.1 Oct 2024 monthly Jan 2000 - Oct 2024
Georgia (USD mn) -890.3 Nov 2024 monthly Jan 1995 - Nov 2024
Germany (USD mn) 14,599.3 Oct 2024 monthly Jan 1957 - Oct 2024
Ghana (USD mn) 542.1 Oct 2024 monthly Mar 2005 - Oct 2024
Greece (USD mn) -3,446.2 Oct 2024 monthly Jan 2002 - Oct 2024
Hong Kong SAR, China (USD mn) -3,990.1 Oct 2024 monthly Jan 1957 - Oct 2024
Hungary (USD mn) 1,053.0 Oct 2024 monthly Jan 1976 - Oct 2024
Iceland (USD mn) -302.3 Oct 2024 monthly Jan 1957 - Oct 2024
India (USD mn) -37,840.0 Nov 2024 monthly Jan 1957 - Nov 2024
Indonesia (USD mn) 4,419.6 Nov 2024 monthly Jan 1967 - Nov 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -2,721.0 Oct 2024 monthly Jan 1988 - Oct 2024
Italy (USD mn) 3,827.4 Oct 2024 monthly Jan 1993 - Oct 2024
Ivory Coast (USD mn) 927.4 Aug 2024 monthly Jan 1981 - Aug 2024
Japan (USD mn) -2,386.3 Oct 2024 monthly Apr 1995 - Oct 2024
Jordan (USD mn) -1,012.4 Sep 2024 monthly Jan 1972 - Sep 2024
Kazakhstan (USD mn) 1,621.9 Oct 2024 monthly Sep 1995 - Oct 2024
Kenya (USD mn) -1,029.6 Aug 2024 monthly Oct 1992 - Aug 2024
South Korea (USD mn) 5,586.4 Nov 2024 monthly Jan 1966 - Nov 2024
Kosovo (USD mn) -537.1 Oct 2024 monthly Jan 2003 - Oct 2024
Kuwait (USD mn) 2,975.2 Aug 2024 monthly Jan 1993 - Aug 2024
Kyrgyzstan (USD mn) -459.6 Aug 2024 monthly Jan 2002 - Aug 2024
Laos (USD mn) -71.8 Jun 2024 quarterly Dec 1992 - Jun 2024
Latvia (USD mn) -293.3 Sep 2024 monthly Jan 1995 - Sep 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -300.1 Sep 2024 monthly Jan 1999 - Sep 2024
Luxembourg (USD mn) -840.1 Sep 2024 monthly Jan 1988 - Sep 2024
Macau SAR, China (USD mn) -1,255.9 Oct 2024 monthly Jan 1998 - Oct 2024
North Macedonia (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,602.9 Oct 2024 monthly Jan 1990 - Oct 2024
Malta (USD mn) -334.4 Sep 2024 monthly Jan 1960 - Sep 2024
Mauritius (USD mn) -406.7 Sep 2024 monthly Jan 2006 - Sep 2024
Mexico (USD mn) 462.7 Oct 2024 monthly Jan 1993 - Oct 2024
Moldova (USD mn) -461.1 Oct 2024 monthly Jan 1992 - Oct 2024
Mongolia (USD mn) 444.6 Oct 2024 monthly Jan 1997 - Oct 2024
Montenegro (USD mn) -335.0 Oct 2024 monthly Jan 2005 - Oct 2024
Morocco (USD mn) -2,763.9 Oct 2024 monthly Jan 1957 - Oct 2024
Mozambique (USD mn) 106.5 Jun 2024 monthly Jan 2011 - Jun 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -804.5 Nov 2024 monthly Aug 1974 - Nov 2024
Netherlands (USD mn) 14,166.8 Oct 2024 monthly Jan 1996 - Oct 2024
New Zealand (USD mn) -937.9 Oct 2024 monthly Jan 1960 - Oct 2024
Nigeria (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Norway (USD mn) 4,024.9 Sep 2024 monthly Jan 1957 - Sep 2024
Oman (USD mn) 1,402.1 Sep 2024 monthly Jan 1975 - Sep 2024
Pakistan (USD mn) -1,589.0 Nov 2024 monthly Jan 1968 - Nov 2024
Palestinian Territory (USD mn) -431.8 Sep 2024 monthly Jan 2011 - Sep 2024
Panama (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Paraguay (USD mn) -220.6 Nov 2024 monthly Jan 1994 - Nov 2024
Peru (USD mn) 1,813.9 Oct 2024 monthly Jan 1985 - Oct 2024
Philippines (USD mn) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Poland (USD mn) -316.7 Oct 2024 monthly Jan 1986 - Oct 2024
Portugal (USD mn) -2,632.4 Sep 2024 monthly Jan 1957 - Sep 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -2,855.4 Sep 2024 monthly Aug 1990 - Sep 2024
Russia (USD mn) 9,758.0 Oct 2024 monthly Jan 1998 - Oct 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -1,050.3 Oct 2024 monthly Jan 2001 - Oct 2024
Singapore (USD mn) 4,876.3 Nov 2024 monthly Jan 1976 - Nov 2024
Slovakia (USD mn) 217.3 Sep 2024 monthly Jan 2004 - Sep 2024
Slovenia (USD mn) -3,397.4 Oct 2024 monthly Nov 1991 - Oct 2024
South Africa (USD mn) 832.2 Oct 2024 monthly Oct 2004 - Oct 2024
Spain (USD mn) -2,951.0 Sep 2024 monthly Oct 1974 - Sep 2024
Sri Lanka (USD mn) -544.4 Oct 2024 monthly Jan 1982 - Oct 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 57.2 Oct 2024 monthly Jan 1957 - Oct 2024
Switzerland (USD mn) 10,422.9 Oct 2024 monthly Jan 1957 - Oct 2024

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.0 2023 yearly 2003 - 2023
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 376.798 Oct 2024 monthly Jan 1995 - Oct 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,809.6 Oct 2024 monthly Jul 2004 - Oct 2024
Government Debt: % of GDP (%) 61.6 Sep 2024 quarterly Dec 2007 - Sep 2024
Forecast: Government Expenditure (PAB bn) 23.007 2029 yearly 1994 - 2029
Forecast: Government Net Debt (PAB bn) 59.883 2029 yearly 1994 - 2029
Forecast: Government Revenue (PAB bn) 21.105 2029 yearly 1994 - 2029
Central Government Revenue: Current Revenue: Tax (PAB th) 376,797.799 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue (PAB th) 509,360.329 Oct 2024 monthly Jan 1995 - Oct 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 150,376.752 Oct 2024 monthly Jan 1995 - Oct 2024
Public Debt: Domestic (USD mn) 9,723.943 Oct 2024 monthly Jul 2004 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -71.9 Oct 2024 monthly Jan 2001 - Oct 2024
Aluminum: Exports (USD th) 6,067.531 2023 yearly 1995 - 2023
Exports: Medicament (USD th) 329,464.345 2023 yearly 1995 - 2023
Exports: Medicinal and Pharmaceutical Product (USD th) 10,079.101 2023 yearly 1995 - 2023
Total Imports (USD mn) 1,349.5 Oct 2024 monthly Jan 2000 - Oct 2024
Total Imports Growth (%) 8.2 Oct 2024 monthly Jan 2001 - Oct 2024
Imports: Medicament (USD th) 1,071,085.390 2023 yearly 1995 - 2023
Imports: Medicinal and Pharmaceutical Product (USD th) 333,744.579 2023 yearly 1995 - 2023
Total Exports to USA (USD mn) 15.472 Aug 2024 monthly Jan 1970 - Aug 2024
Total Imports from USA (USD mn) 212.491 Aug 2024 monthly Jan 1967 - Aug 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 233.776 Aug 2024 monthly Mar 1989 - Aug 2024
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 94.7 Jun 2024 quarterly Mar 2013 - Jun 2024
Current Account Balance (USD mn) 434.7 Jun 2024 quarterly Mar 1998 - Jun 2024
Current Account Balance: % of GDP (%) 2.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Direct Investment (USD mn) 731.9 Jun 2024 quarterly Mar 1998 - Jun 2024
Foreign Direct Investment: % of GDP (%) 3.8 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) 0.2 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2024 quarterly Mar 2013 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
External Debt (USD mn) 44,085.7 Oct 2024 monthly Jul 2004 - Oct 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.904 2029 yearly 1980 - 2029
Net International Investment Position (USD mn) -74,373.797 Jun 2024 quarterly Mar 2002 - Jun 2024
BoP: CA: Goods (PAB mn) -2,641.439 Jun 2024 quarterly Mar 2013 - Jun 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 434.679 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Debit (PAB mn) -6,501.463 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Credit (PAB mn) 4,997.525 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services: Debit (PAB mn) -1,204.292 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Goods: Credit (PAB mn) 3,860.024 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Services (PAB mn) 3,793.233 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financing: Reserve Assets (PAB mn) 2,511.505 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Debit (PAB mn) -1,740.348 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Net Errors and Omissions (PAB mn) -1,074.780 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income: Credit (PAB mn) 1,040.920 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: CA: Income (PAB mn) -699.429 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 46.336 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Capital Account: Credit (PAB mn) 2.490 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: Financial Account (FA) (PAB mn) -1,712.281 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Direct Investment (PAB mn) 637.235 Jun 2024 quarterly Mar 2013 - Jun 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,071.876 Jun 2024 quarterly Mar 2013 - Jun 2024
International Investment Position (IIP) (USD mn) -74,373.797 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Liabilities (USD mn) 178,485.854 Jun 2024 quarterly Mar 2015 - Jun 2024
IIP: Assets (USD mn) 104,112.057 Jun 2024 quarterly Mar 2015 - Jun 2024
Foreign Direct Investment (FDI) (PAB mn) 731.906 Jun 2024 quarterly Mar 2013 - Jun 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.6 Oct 2024 monthly Dec 2008 - Oct 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,559.690 Oct 2024 monthly Dec 2008 - Oct 2024
Money Supply M1 (USD mn) 8,749.080 Jul 2024 monthly Dec 2002 - Jul 2024
Money Supply M2 (USD mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024
M2 Growth (%) 8.7 Jul 2024 monthly Dec 2003 - Jul 2024
Foreign Exchange Reserves (USD mn) 5,684.4 Oct 2024 monthly Oct 1969 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2000 - Oct 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 107,351.873 Sep 2024 monthly Dec 1998 - Sep 2024
Total Deposits Growth (%) 6.8 Sep 2024 monthly Dec 1999 - Sep 2024
Domestic Credit (USD mn) 64,079.3 Oct 2024 monthly Dec 2001 - Oct 2024
Domestic Credit Growth (%) 5.8 Oct 2024 monthly Dec 2002 - Oct 2024
Household Debt (USD mn) 32,710.8 Oct 2024 monthly Oct 2005 - Oct 2024
Total Loans (USD mn) 96,404.929 Sep 2024 monthly Dec 1998 - Sep 2024
Total Loans Growth (%) 8.77 Sep 2024 monthly Dec 1999 - Sep 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 41,290.250 Jul 2024 monthly Dec 2002 - Jul 2024

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