Panama vs Turkey: Net trade in goods and services
Net trade in goods and services over time
- Panama
- Turkey
How they compare
Turkey currently reports 5.38 billion BoP, current US$ against 4.70 billion BoP, current US$ in Panama, a difference of 681.23 million BoP, current US$.
That makes Turkey's figure about 1.1 times Panama's.
The two have swapped places 13 times across 48 shared years of data; in 1977 it was Panama ahead.
Panama ranks 45th and Turkey ranks 43rd of 199 countries.
Panama has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Panama | Turkey | Difference | Ahead |
|---|---|---|---|---|
| 1970s | -275.53 million BoP, current US$ | -2.69 billion BoP, current US$ | 2.42 billion BoP, current US$ | Panama |
| 1980s | 169.47 million BoP, current US$ | -1.54 billion BoP, current US$ | 1.71 billion BoP, current US$ | Panama |
| 1990s | -157.42 million BoP, current US$ | -2.74 billion BoP, current US$ | 2.58 billion BoP, current US$ | Panama |
| 2000s | 28.71 million BoP, current US$ | -13.30 billion BoP, current US$ | 13.33 billion BoP, current US$ | Panama |
| 2010s | -880.69 million BoP, current US$ | -24.54 billion BoP, current US$ | 23.66 billion BoP, current US$ | Panama |
| 2020s | 3.03 billion BoP, current US$ | -16.28 billion BoP, current US$ | 19.31 billion BoP, current US$ | Panama |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net trade in goods and services, Panama or Turkey?
- Turkey, at 5.38 billion BoP, current US$ against 4.70 billion BoP, current US$ in Panama as of 2024.
- What is the difference in net trade in goods and services between Panama and Turkey?
- 681.23 million BoP, current US$, with Turkey ahead.
- How many years of comparable data are there for Panama and Turkey?
- 48 years are reported by both, from 1977 to 2024.
- How do Panama and Turkey rank globally for net trade in goods and services?
- Panama ranks 45th and Turkey ranks 43rd of 199 countries.
- Where does this data come from?
- Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net trade in goods and services (BoP, current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.