Exports of goods and services in Panama
Panama: Exports of goods and services was 38.38 billion current US$ in 2024. ◆ Volatile
Latest (2024)
38.38 billion current US$
Change on year
up 0.4%
World rank
75th
of 192 countries
All-time high
38.38 billion current US$
in 2024
All-time low
245.95 million current US$
in 1960
Years of data
65
1960–2024
Exports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, exports of goods and services in Panama stood at 38.38 billion current US$. That is the highest value across all 65 years on record.
The figure is up 0.4% on the previous year and up 36.0% over ten years.
Over the whole period, exports of goods and services in Panama peaked at 38.38 billion current US$ in 2024 and was at its lowest, 245.95 million current US$, in 1960.
That places Panama 75th out of 192 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 245.95 million current US$ | — |
| 1961 | 282.66 million current US$ | +14.9% |
| 1962 | 346.80 million current US$ | +22.7% |
| 1963 | 380.61 million current US$ | +9.7% |
| 1964 | 407.28 million current US$ | +7.0% |
| 1965 | 464.08 million current US$ | +13.9% |
| 1966 | 518.18 million current US$ | +11.7% |
| 1967 | 582.90 million current US$ | +12.5% |
| 1968 | 637.58 million current US$ | +9.4% |
| 1969 | 701.14 million current US$ | +10.0% |
| 1970 | 753.69 million current US$ | +7.5% |
| 1971 | 827.86 million current US$ | +9.8% |
| 1972 | 894.45 million current US$ | +8.0% |
| 1973 | 1.03 billion current US$ | +14.6% |
| 1974 | 1.48 billion current US$ | +44.3% |
| 1975 | 1.68 billion current US$ | +13.6% |
| 1976 | 1.63 billion current US$ | -3.2% |
| 1977 | 1.79 billion current US$ | +9.9% |
| 1978 | 1.92 billion current US$ | +7.1% |
| 1979 | 2.18 billion current US$ | +14.0% |
| 1980 | 3.00 billion current US$ | +37.4% |
| 1981 | 3.25 billion current US$ | +8.4% |
| 1982 | 3.28 billion current US$ | +0.8% |
| 1983 | 2.79 billion current US$ | -14.8% |
| 1984 | 2.75 billion current US$ | -1.4% |
| 1985 | 2.97 billion current US$ | +8.0% |
| 1986 | 3.20 billion current US$ | +7.7% |
| 1987 | 3.23 billion current US$ | +1.0% |
| 1988 | 2.94 billion current US$ | -9.1% |
| 1989 | 3.09 billion current US$ | +5.2% |
| 1990 | 3.70 billion current US$ | +19.6% |
| 1991 | 4.55 billion current US$ | +23.1% |
| 1992 | 5.34 billion current US$ | +17.2% |
| 1993 | 5.63 billion current US$ | +5.4% |
| 1994 | 6.19 billion current US$ | +9.9% |
| 1995 | 6.40 billion current US$ | +3.5% |
| 1996 | 7.67 billion current US$ | +19.9% |
| 1997 | 8.94 billion current US$ | +16.6% |
| 1998 | 8.48 billion current US$ | -5.2% |
| 1999 | 7.44 billion current US$ | -12.3% |
| 2000 | 8.25 billion current US$ | +10.9% |
| 2001 | 8.42 billion current US$ | +2.0% |
| 2002 | 8.04 billion current US$ | -4.5% |
| 2003 | 7.91 billion current US$ | -1.7% |
| 2004 | 9.15 billion current US$ | +15.7% |
| 2005 | 11.34 billion current US$ | +24.0% |
| 2006 | 12.91 billion current US$ | +13.8% |
| 2007 | 15.63 billion current US$ | +21.1% |
| 2008 | 20.14 billion current US$ | +28.8% |
| 2009 | 19.44 billion current US$ | -3.5% |
| 2010 | 21.17 billion current US$ | +8.9% |
| 2011 | 27.75 billion current US$ | +31.1% |
| 2012 | 31.01 billion current US$ | +11.8% |
| 2013 | 30.31 billion current US$ | -2.2% |
| 2014 | 28.23 billion current US$ | -6.9% |
| 2015 | 26.43 billion current US$ | -6.4% |
| 2016 | 24.94 billion current US$ | -5.6% |
| 2017 | 26.68 billion current US$ | +6.9% |
| 2018 | 28.51 billion current US$ | +6.9% |
| 2019 | 28.06 billion current US$ | -1.6% |
| 2020 | 20.70 billion current US$ | -26.2% |
| 2021 | 28.04 billion current US$ | +35.5% |
| 2022 | 36.73 billion current US$ | +31.0% |
| 2023 | 38.24 billion current US$ | +4.1% |
| 2024 | 38.38 billion current US$ | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 456.72 million current US$ | 245.95 million current US$ | 701.14 million current US$ | 10 |
| 1970s | 1.42 billion current US$ | 753.69 million current US$ | 2.18 billion current US$ | 10 |
| 1980s | 3.05 billion current US$ | 2.75 billion current US$ | 3.28 billion current US$ | 10 |
| 1990s | 6.43 billion current US$ | 3.70 billion current US$ | 8.94 billion current US$ | 10 |
| 2000s | 12.12 billion current US$ | 7.91 billion current US$ | 20.14 billion current US$ | 10 |
| 2010s | 27.31 billion current US$ | 21.17 billion current US$ | 31.01 billion current US$ | 10 |
| 2020s | 32.42 billion current US$ | 20.70 billion current US$ | 38.38 billion current US$ | 5 |
Countries ranked near Panama
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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 17,113 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 0.9114 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is exports of goods and services in Panama?
- Exports of goods and services in Panama was 38.38 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest exports of goods and services recorded in Panama?
- The highest recorded value was 38.38 billion current US$ in 2024.
- What is the lowest exports of goods and services recorded in Panama?
- The lowest recorded value was 245.95 million current US$ in 1960.
- How does Panama rank for exports of goods and services?
- Panama ranks 75th out of 192 countries with data for 2024.
- Is exports of goods and services rising or falling in Panama?
- Over the last ten years it is up 36.0%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Exports of goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.