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 1.1 USD bn in Dec 2024, compared with a deficit of 994.3 USD mn in the previous month
  • Panama's Trade Balance data is updated monthly, available from Jan 1964 to Dec 2024, with an averaged value of -148.0 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, an increase of 1.9% YoY (year-on-year)
  • Total Imports recorded 1.1 USD bn in Dec 2024, a decrease of 1.9% YoY (year-on-year)

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

Panama Trade Balance

What was Panama's Trade Balance in Dec 2024?

Panama's Trade Balance recorded a deficit of 1.1 USD bn in Dec 2024, compared with a deficit of 994.3 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,059.7 Dec 2024 -994.3 Nov 2024 -1,274.3 Oct 2014 3.1 Apr 1988 USD mn monthly Jan 1964 - Dec 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -306.8 Jan 2025 monthly Oct 1998 - Jan 2025
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 725.8 Jan 2025 monthly Jan 1991 - Jan 2025
Armenia (USD mn) -374.1 Dec 2024 monthly Nov 1995 - Dec 2024
Australia (USD mn) 3,220.8 Dec 2024 monthly Jul 1971 - Dec 2024
Austria (USD mn) -201.5 Nov 2024 monthly Jan 1957 - Nov 2024
Azerbaijan (USD mn) 986.0 Jan 2025 monthly Jan 2000 - Jan 2025
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,555.5 Nov 2024 monthly Jul 1986 - Nov 2024
Belarus (USD mn) -360.8 Nov 2024 monthly Jan 2000 - Nov 2024
Belgium (USD mn) 583.0 Nov 2024 monthly Jan 1993 - Nov 2024
Bolivia (USD mn) -46.9 Nov 2024 monthly Oct 1994 - Nov 2024
Bosnia and Herzegovina (USD mn) -571.8 Dec 2024 monthly Jan 2000 - Dec 2024
Botswana (USD mn) -351.6 Dec 2024 monthly Jan 2001 - Dec 2024
Brazil (USD mn) 2,164.3 Jan 2025 monthly Jan 1959 - Jan 2025
Brunei (USD mn) 321.0 Nov 2024 monthly Jan 2010 - Nov 2024
Bulgaria (USD mn) -897.5 Dec 2024 monthly Jan 1995 - Dec 2024
Cambodia (USD mn) -362.6 Jan 2025 monthly Jun 2013 - Jan 2025
Canada (USD mn) 497.1 Dec 2024 monthly Jan 1988 - Dec 2024
Chile (USD mn) 3,376.5 Jan 2025 monthly Jan 1968 - Jan 2025
China (USD mn) 104,837.9 Dec 2024 monthly Jan 1992 - Dec 2024
Colombia (USD mn) -1,178.2 Dec 2024 monthly Jan 1958 - Dec 2024
Croatia (USD mn) -1,379.3 Nov 2024 monthly Jan 1993 - Nov 2024
Cyprus (USD mn) -1,000.3 Dec 2024 monthly Jan 1957 - Dec 2024
Czech Republic (USD mn) 2,310.1 Dec 2024 monthly Jan 1996 - Dec 2024
Denmark (USD mn) 5,222.0 Dec 2024 monthly Jan 1997 - Dec 2024
Ecuador (USD mn) 672.6 Dec 2024 monthly Mar 1992 - Dec 2024
Egypt (USD mn) -4,151.0 Dec 2024 monthly Jan 1957 - Dec 2024
Estonia (USD mn) -398.9 Dec 2024 monthly Jan 1993 - Dec 2024
European Union (USD mn) 13,548.6 Dec 2024 monthly Jan 2002 - Dec 2024
Finland (USD mn) 138.1 Nov 2024 monthly Jan 1992 - Nov 2024
France (USD mn) -4,089.3 Dec 2024 monthly Jan 2000 - Dec 2024
Georgia (USD mn) -1,200.4 Jan 2025 monthly Jan 1995 - Jan 2025
Germany (USD mn) 21,677.0 Dec 2024 monthly Jan 1957 - Dec 2024
Ghana (USD mn) 542.1 Oct 2024 monthly Mar 2005 - Oct 2024
Greece (USD mn) -3,240.7 Dec 2024 monthly Jan 2002 - Dec 2024
Hong Kong SAR, China (USD mn) 266.9 Jan 2025 monthly Jan 1957 - Jan 2025
Hungary (USD mn) 405.4 Dec 2024 monthly Jan 1976 - Dec 2024
Iceland (USD mn) -147.7 Jan 2025 monthly Jan 1957 - Jan 2025
India (USD mn) -22,990.0 Jan 2025 monthly Jan 1957 - Jan 2025
Indonesia (USD mn) 3,451.8 Jan 2025 monthly Jan 1967 - Jan 2025
Iran (USD mn) 31,327.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -4,294.9 Dec 2024 monthly Jan 1988 - Dec 2024
Italy (USD mn) 5,360.6 Dec 2024 monthly Jan 1993 - Dec 2024
Ivory Coast (USD mn) 212.9 Oct 2024 monthly Jan 1981 - Oct 2024
Japan (USD mn) -214.3 Dec 2024 monthly Apr 1995 - Dec 2024
Jordan (USD mn) -1,236.9 Nov 2024 monthly Jan 1972 - Nov 2024
Kazakhstan (USD mn) 1,536.9 Dec 2024 monthly Sep 1995 - Dec 2024
Kenya (USD mn) -1,061.5 Dec 2024 monthly Oct 1992 - Dec 2024
South Korea (USD mn) -1,860.0 Jan 2025 monthly Jan 1966 - Jan 2025
Kosovo (USD mn) -492.9 Dec 2024 monthly Jan 2003 - Dec 2024
Kuwait (USD mn) 2,621.1 Nov 2024 monthly Jan 1993 - Nov 2024
Kyrgyzstan (USD mn) -662.3 Dec 2024 monthly Jan 2002 - Dec 2024
Laos (USD mn) 178.6 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (USD mn) -399.3 Dec 2024 monthly Jan 1995 - Dec 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -682.6 Dec 2024 monthly Jan 1999 - Dec 2024
Luxembourg (USD mn) -785.7 Dec 2024 monthly Jan 1988 - Dec 2024
Macau SAR, China (USD mn) -1,257.9 Dec 2024 monthly Jan 1998 - Dec 2024
North Macedonia (USD mn) -388.4 Dec 2024 monthly Dec 1993 - Dec 2024
Malawi (USD mn) -152.1 Nov 2024 monthly Jan 1964 - Nov 2024
Malaysia (USD mn) 3,061.5 Dec 2024 monthly Jan 1990 - Dec 2024
Malta (USD mn) -358.0 Dec 2024 monthly Jan 1960 - Dec 2024
Mauritius (USD mn) -399.2 Nov 2024 monthly Jan 2006 - Nov 2024
Mexico (USD mn) -684.1 Dec 2024 monthly Jan 1993 - Dec 2024
Moldova (USD mn) -575.5 Dec 2024 monthly Jan 1992 - Dec 2024
Mongolia (USD mn) 159.3 Dec 2024 monthly Jan 1997 - Dec 2024
Montenegro (USD mn) -202.9 Jan 2025 monthly Jan 2005 - Jan 2025
Morocco (USD mn) -3,067.2 Dec 2024 monthly Jan 1957 - Dec 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) -992.9 Jan 2025 monthly Aug 1974 - Jan 2025
Netherlands (USD mn) 10,772.5 Dec 2024 monthly Jan 1996 - Dec 2024
New Zealand (USD mn) 125.7 Dec 2024 monthly Jan 1960 - Dec 2024
Nigeria (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Norway (USD mn) 8,366.3 Jan 2025 monthly Jan 1957 - Jan 2025
Oman (USD mn) 1,456.4 Nov 2024 monthly Jan 1975 - Nov 2024
Pakistan (USD mn) -2,320.1 Jan 2025 monthly Jan 1968 - Jan 2025
Palestinian Territory (USD mn) -364.2 Nov 2024 monthly Jan 2011 - Nov 2024
Panama (USD mn) -1,059.7 Dec 2024 monthly Jan 1964 - Dec 2024
Paraguay (USD mn) -104.9 Jan 2025 monthly Jan 1994 - Jan 2025
Peru (USD mn) 2,424.4 Nov 2024 monthly Jan 1985 - Nov 2024
Philippines (USD mn) -4,135.8 Dec 2024 monthly Jan 1957 - Dec 2024
Poland (USD mn) -1,495.6 Dec 2024 monthly Jan 1986 - Dec 2024
Portugal (USD mn) -3,046.2 Dec 2024 monthly Jan 1957 - Dec 2024
Qatar (USD mn) 5,062.9 Dec 2024 monthly Jan 2014 - Dec 2024
Romania (USD mn) -3,493.1 Dec 2024 monthly Aug 1990 - Dec 2024
Russia (USD mn) 9,758.0 Oct 2024 monthly Jan 1998 - Oct 2024
Saudi Arabia (USD mn) 73,321.7 2024 yearly 1957 - 2024
Serbia (USD mn) -1,340.6 Dec 2024 monthly Jan 2001 - Dec 2024
Singapore (USD mn) 2,158.2 Jan 2025 monthly Jan 1976 - Jan 2025
Slovakia (USD mn) -733.6 Dec 2024 monthly Jan 2004 - Dec 2024
Slovenia (USD mn) -924.0 Dec 2024 monthly Nov 1991 - Dec 2024
South Africa (USD mn) 848.6 Dec 2024 monthly Oct 2004 - Dec 2024
Spain (USD mn) -4,081.6 Dec 2024 monthly Jan 1975 - Dec 2024
Sri Lanka (USD mn) -822.7 Dec 2024 monthly Jan 1982 - Dec 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 564.4 Dec 2024 monthly Jan 1957 - Dec 2024
Switzerland (USD mn) 3,564.9 Dec 2024 monthly Jan 1957 - Dec 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) 693.973 Dec 2024 monthly Jan 1995 - Dec 2024
Tax Revenue: % of GDP (%) 5.5 Sep 2024 quarterly Mar 2007 - Sep 2024
National Government Debt (USD mn) 53,655.2 Jan 2025 monthly Jul 2004 - Jan 2025
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 (PAB th) 2,942,813.523 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
Public Debt: Domestic (USD mn) 9,460.795 Jan 2025 monthly Jul 2004 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,059.7 Dec 2024 monthly Jan 1964 - Dec 2024
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 20.8 Dec 2024 monthly Jan 2001 - Dec 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) 1,144.1 Dec 2024 monthly Jan 2000 - Dec 2024
Total Imports Growth (%) -1.9 Dec 2024 monthly Jan 2001 - Dec 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) 13.703 Oct 2024 monthly Jan 1970 - Oct 2024
Total Imports from USA (USD mn) 213.108 Oct 2024 monthly Jan 1967 - Oct 2024
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 239.808 Oct 2024 monthly Mar 1989 - Oct 2024
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB (PAB th) 84,431.775 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 52.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Current Account Balance (USD mn) 824.1 Sep 2024 quarterly Mar 1998 - Sep 2024
Current Account Balance: % of GDP (%) 3.9 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Direct Investment (USD mn) 726.8 Sep 2024 quarterly Mar 1998 - Sep 2024
Foreign Direct Investment: % of GDP (%) 3.5 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -1.7 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2024 quarterly Mar 2013 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
External Debt (USD mn) 44,194.4 Jan 2025 monthly Jul 2004 - Jan 2025
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) -78,418.321 Sep 2024 quarterly Mar 2002 - Sep 2024
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Dec 2024 monthly Dec 2008 - Dec 2024
Household Debt: % of GDP (%) 38.3 Sep 2024 quarterly Dec 2007 - Sep 2024
Non-Performing Loans (USD mn) 1,468.720 Dec 2024 monthly Dec 2008 - Dec 2024
Money Supply M1 (USD mn) 8,808.100 Nov 2024 monthly Dec 2002 - Nov 2024
Money Supply M2 (USD mn) 42,168.740 Nov 2024 monthly Dec 2002 - Nov 2024
M2 Growth (%) 8.4 Nov 2024 monthly Dec 2003 - Nov 2024
Foreign Exchange Reserves (USD mn) 6,280.1 Dec 2024 monthly Oct 1969 - Dec 2024
Foreign Exchange Reserves: % of GDP (%) 5.697 Sep 2024 quarterly Dec 2007 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 5.5 Dec 2024 monthly Jan 2000 - Dec 2024
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 110,484.526 Dec 2024 monthly Dec 1998 - Dec 2024
Total Deposits Growth (%) 5.1 Dec 2024 monthly Dec 1999 - Dec 2024
Domestic Credit (USD mn) 63,585.5 Dec 2024 monthly Dec 2001 - Dec 2024
Domestic Credit Growth (%) 4.9 Dec 2024 monthly Dec 2002 - Dec 2024
Household Debt (USD mn) 32,866.2 Dec 2024 monthly Oct 2005 - Dec 2024
Total Loans (USD mn) 97,419.720 Dec 2024 monthly Dec 1998 - Dec 2024
Total Loans Growth (%) 8.86 Dec 2024 monthly Dec 1999 - Dec 2024
Private Debt: % of Nominal GDP (%) 69.77 Sep 2024 quarterly Dec 2007 - Sep 2024
Money Supply: M3 (PAB mn) 42,168.740 Nov 2024 monthly Dec 2002 - Nov 2024
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,113.420 Dec 2024 monthly Dec 2002 - Dec 2024

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