Goods imports in Panama
Panama: Goods imports was 28.19 billion BoP, current US$ in 2025. ◆ Volatile
Goods imports in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Panama recorded 28.19 billion BoP, current US$ for goods imports in 2025.
Compared with earlier readings it is up 6.4% on the previous year and up 25.1% over ten years.
Over the whole period, goods imports in Panama peaked at 30.02 billion BoP, current US$ in 2023 and was at its lowest, 790.40 million BoP, current US$, in 1977.
That places Panama 73rd out of 198 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 912.73 million BoP, current US$ | 790.40 million BoP, current US$ | 1.09 billion BoP, current US$ | 3 |
| 1980s | 2.67 billion BoP, current US$ | 2.22 billion BoP, current US$ | 3.11 billion BoP, current US$ | 10 |
| 1990s | 6.03 billion BoP, current US$ | 3.50 billion BoP, current US$ | 7.62 billion BoP, current US$ | 10 |
| 2000s | 9.99 billion BoP, current US$ | 6.27 billion BoP, current US$ | 18.04 billion BoP, current US$ | 10 |
| 2010s | 23.61 billion BoP, current US$ | 18.71 billion BoP, current US$ | 27.76 billion BoP, current US$ | 10 |
| 2020s | 24.42 billion BoP, current US$ | 14.41 billion BoP, current US$ | 30.02 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 71 Dominican Republic 29.79 billion BoP, current US$ compare
- 72 Guatemala 29.13 billion BoP, current US$ compare
- 74 Latvia 25.60 billion BoP, current US$ compare
- 75 Costa Rica 24.44 billion BoP, current US$ compare
- 76 Estonia 24.37 billion BoP, current US$ compare
More economy & growth data for Panama
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is goods imports in Panama?
- Goods imports in Panama was 28.19 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Panama?
- The highest recorded value was 30.02 billion BoP, current US$ in 2023.
- What is the lowest goods imports recorded in Panama?
- The lowest recorded value was 790.40 million BoP, current US$ in 1977.
- How does Panama rank for goods imports?
- Panama ranks 73rd out of 198 countries with data for 2025.
- Is goods imports rising or falling in Panama?
- Over the last ten years it is up 25.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. 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.