Balanced international merchandise trade statistics (BIMTS) in Panama
Panama: Balanced international merchandise trade statistics (BIMTS) was 54.26 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced international merchandise trade statistics (BIMTS) in Panama, 1995–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Panama recorded 54.26 US dollars, exchange rate converted for balanced international merchandise trade statistics (bimts) in 2024.
Compared with earlier readings it is up 55.1% on the previous year and down 31.9% over ten years.
Over the whole period, balanced international merchandise trade statistics (bimts) in Panama peaked at 79.71 US dollars, exchange rate converted in 2014 and was at its lowest, 1.51 US dollars, exchange rate converted, in 1999.
Panama ranks 3rd of 96 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Balanced international merchandise trade statistics (BIMTS) in Panama, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 1995 | 1.87 US dollars, exchange rate converted | — |
| 1996 | 1.64 US dollars, exchange rate converted | -12.4% |
| 1997 | 1.67 US dollars, exchange rate converted | +1.5% |
| 1998 | 1.78 US dollars, exchange rate converted | +6.7% |
| 1999 | 1.51 US dollars, exchange rate converted | -14.8% |
| 2000 | 17.57 US dollars, exchange rate converted | +1060.2% |
| 2001 | 15.95 US dollars, exchange rate converted | -9.2% |
| 2002 | 15.53 US dollars, exchange rate converted | -2.7% |
| 2003 | 18.05 US dollars, exchange rate converted | +16.3% |
| 2004 | 22.29 US dollars, exchange rate converted | +23.5% |
| 2005 | 20.31 US dollars, exchange rate converted | -8.9% |
| 2006 | 44.27 US dollars, exchange rate converted | +118.0% |
| 2007 | 51.48 US dollars, exchange rate converted | +16.3% |
| 2008 | 43.76 US dollars, exchange rate converted | -15.0% |
| 2009 | 38.72 US dollars, exchange rate converted | -11.5% |
| 2010 | 48.59 US dollars, exchange rate converted | +25.5% |
| 2011 | 54.95 US dollars, exchange rate converted | +13.1% |
| 2012 | 50.63 US dollars, exchange rate converted | -7.9% |
| 2013 | 67.09 US dollars, exchange rate converted | +32.5% |
| 2014 | 79.71 US dollars, exchange rate converted | +18.8% |
| 2015 | 61.16 US dollars, exchange rate converted | -23.3% |
| 2016 | 58.16 US dollars, exchange rate converted | -4.9% |
| 2017 | 55.99 US dollars, exchange rate converted | -3.7% |
| 2018 | 50.63 US dollars, exchange rate converted | -9.6% |
| 2019 | 59.98 US dollars, exchange rate converted | +18.5% |
| 2020 | 52.21 US dollars, exchange rate converted | -13.0% |
| 2021 | 44.63 US dollars, exchange rate converted | -14.5% |
| 2022 | 34.23 US dollars, exchange rate converted | -23.3% |
| 2023 | 34.99 US dollars, exchange rate converted | +2.2% |
| 2024 | 54.26 US dollars, exchange rate converted | +55.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.69 US dollars, exchange rate converted | 1.51 US dollars, exchange rate converted | 1.87 US dollars, exchange rate converted | 5 |
| 2000s | 28.79 US dollars, exchange rate converted | 15.53 US dollars, exchange rate converted | 51.48 US dollars, exchange rate converted | 10 |
| 2010s | 58.69 US dollars, exchange rate converted | 48.59 US dollars, exchange rate converted | 79.71 US dollars, exchange rate converted | 10 |
| 2020s | 44.06 US dollars, exchange rate converted | 34.23 US dollars, exchange rate converted | 54.26 US dollars, exchange rate converted | 5 |
Countries ranked near Panama
- 1 United States of America 808.05 US dollars, exchange rate converted compare
- 2 China 83.14 US dollars, exchange rate converted compare
- 4 Colombia 47.21 US dollars, exchange rate converted compare
- 5 Brazil 41.24 US dollars, exchange rate converted compare
- 6 Spain 34.83 US dollars, exchange rate converted compare
More economy & growth data for Panama
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.82 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4 Percent per annum (2029)
- Net primary income (Net income from abroad) (current LCU), annual 5.4 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0246 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 487.09 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 4.12 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 0.0246 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 487.09 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.7302 (2025)
Frequently asked questions
- What is balanced international merchandise trade statistics (bimts) in Panama?
- Balanced international merchandise trade statistics (bimts) in Panama was 54.26 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced international merchandise trade statistics (bimts) recorded in Panama?
- The highest recorded value was 79.71 US dollars, exchange rate converted in 2014.
- What is the lowest balanced international merchandise trade statistics (bimts) recorded in Panama?
- The lowest recorded value was 1.51 US dollars, exchange rate converted in 1999.
- How does Panama rank for balanced international merchandise trade statistics (bimts)?
- Panama ranks 3rd out of 96 countries with data for 2024.
- Is balanced international merchandise trade statistics (bimts) rising or falling in Panama?
- Over the last ten years it is down 31.9%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced international merchandise trade statistics (BIMTS) - HS2017-2D. Statizoid updates them automatically from the source API.
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About this data
The OECD Balanced International Merchandise Trade Statistics (BIMTS) dataset provides a complete, consistent, and balanced matrix of international merchandise trade statistics. It includes annual bilateral data for approximately 200 reporters and partners, covering around 98 products in HS2017 at the 2-digit level from 1995 to 2024. BIMTS is also available in the HS 2017 classification at 4-digit and 6-digit levels of aggregation currently available via the Related Files (bottom of the page) and also in the Statistical Classification of Products by Activity (CPA 2.1) at the 2-digit level of aggregation. BIMTS is complete and consistent. The OECD methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. To provide users with consistent and long time series, the data is presented according to either HS2017 or CPA 2.1. BIMTS is balanced. The OECD has developed a transparent approach to reconcile asymmetries in international merchandise trade statistics. A sequence of adjustments, documented in the BIMTS technical paper, significantly reduces asymmetries in the dataset before the final balancing procedure is performed. An important feature of BIMTS is a novel algorithm which identifies re-export flows and reallocates them to the producer countries before the balancing. To avoid double counting of flows between producers and trade hubs (already accounted for in the trade between producers and final users), BIMTS breaks down the final balanced values into a domestic component and a re-exports component. Users will therefore find two different measures of balanced trade flows (under the ‘Adjustment’ dimension): Total balanced value: Represents the total reconciled bilateral trade flow, including re-exports. Balanced value adjusted for re-exports: Represents the reconciled bilateral trade flow, adjusted for re-exports. This adjusted value is deemed to more accurately reflect economic reality and is therefore the preferred measure. In this database, the Reference area denotes the exporter, while the Counterpart area denotes the importer. Because the data are balanced, exports from the exporter to the importer equal imports by the importer from the exporter, and the flow is therefore recorded only once. Note that zero trade flows are represented in BIMTS as missing records (marked as “..”). This approach reduces the dataset size and improves processing times in the OECD Data Explorer. For convenience, users can also retrieve data for total merchandise (“_T”, denoting all products) and partner world (“W”). BIMTS will be regularly updated and continually improved as new data becomes available. For more information on: The methodology: The OECD Balanced International Merchandise Trade Dataset (BIMTS). Balanced trade statistics related pages: Balanced trade statistics, or The statistics compiled by the OECD Statistics and Data Directorate Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org