Goods imports in Panama
Panama: Goods imports was 28.19 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
28.19 billion BoP, current US$
Change on year
up 6.4%
World rank
73rd
of 200 countries
All-time high
30.02 billion BoP, current US$
in 2023
All-time low
790.40 million BoP, current US$
in 1977
Years of data
49
1977–2025
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$, in 1977.
That places Panama 73rd out of 200 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 790.40 million BoP, current US$ | — |
| 1978 | 862.10 million BoP, current US$ | +9.1% |
| 1979 | 1.09 billion BoP, current US$ | +25.9% |
| 1980 | 2.80 billion BoP, current US$ | +158.2% |
| 1981 | 3.11 billion BoP, current US$ | +11.1% |
| 1982 | 2.88 billion BoP, current US$ | -7.5% |
| 1983 | 2.22 billion BoP, current US$ | -23.0% |
| 1984 | 2.38 billion BoP, current US$ | +7.2% |
| 1985 | 2.57 billion BoP, current US$ | +8.1% |
| 1986 | 2.67 billion BoP, current US$ | +3.9% |
| 1987 | 2.84 billion BoP, current US$ | +6.5% |
| 1988 | 2.35 billion BoP, current US$ | -17.4% |
| 1989 | 2.87 billion BoP, current US$ | +22.0% |
| 1990 | 3.50 billion BoP, current US$ | +22.3% |
| 1991 | 4.59 billion BoP, current US$ | +31.0% |
| 1992 | 5.48 billion BoP, current US$ | +19.4% |
| 1993 | 5.75 billion BoP, current US$ | +4.9% |
| 1994 | 6.29 billion BoP, current US$ | +9.5% |
| 1995 | 6.68 billion BoP, current US$ | +6.1% |
| 1996 | 6.47 billion BoP, current US$ | -3.2% |
| 1997 | 7.34 billion BoP, current US$ | +13.6% |
| 1998 | 7.62 billion BoP, current US$ | +3.7% |
| 1999 | 6.62 billion BoP, current US$ | -13.1% |
| 2000 | 6.97 billion BoP, current US$ | +5.3% |
| 2001 | 6.68 billion BoP, current US$ | -4.2% |
| 2002 | 6.34 billion BoP, current US$ | -5.0% |
| 2003 | 6.27 billion BoP, current US$ | -1.1% |
| 2004 | 7.62 billion BoP, current US$ | +21.4% |
| 2005 | 8.93 billion BoP, current US$ | +17.3% |
| 2006 | 10.19 billion BoP, current US$ | +14.1% |
| 2007 | 13.49 billion BoP, current US$ | +32.4% |
| 2008 | 18.04 billion BoP, current US$ | +33.8% |
| 2009 | 15.36 billion BoP, current US$ | -14.9% |
| 2010 | 18.71 billion BoP, current US$ | +21.8% |
| 2011 | 25.66 billion BoP, current US$ | +37.2% |
| 2012 | 27.76 billion BoP, current US$ | +8.2% |
| 2013 | 26.49 billion BoP, current US$ | -4.6% |
| 2014 | 25.78 billion BoP, current US$ | -2.7% |
| 2015 | 22.54 billion BoP, current US$ | -12.6% |
| 2016 | 20.69 billion BoP, current US$ | -8.2% |
| 2017 | 22.29 billion BoP, current US$ | +7.7% |
| 2018 | 23.96 billion BoP, current US$ | +7.5% |
| 2019 | 22.25 billion BoP, current US$ | -7.1% |
| 2020 | 14.41 billion BoP, current US$ | -35.3% |
| 2021 | 20.26 billion BoP, current US$ | +40.6% |
| 2022 | 27.14 billion BoP, current US$ | +34.0% |
| 2023 | 30.02 billion BoP, current US$ | +10.6% |
| 2024 | 26.50 billion BoP, current US$ | -11.7% |
| 2025 | 28.19 billion BoP, current US$ | +6.4% |
Panama compared with similar countries
- Panama's 28.19 billion BoP, current US$ is below the median for high income countries, which is 45.20 billion BoP, current US$, 62% of the median. (72 countries reporting)
- Panama's 28.19 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 6.83 billion BoP, current US$, 4.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Goods imports in Panama changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +158.2% | 1.09 billion BoP, current US$ | 2.80 billion BoP, current US$ |
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
- 70 Luxembourg 30.87 billion BoP, current US$ compare
- 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
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -870.79 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0096 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -190.5 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 938.47 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -55.01 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0104 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 205.3 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate -8.97 % change on previous year (2025)
Frequently asked questions
- What is goods imports in Panama?
- Goods imports in Panama was 28.19 billion BoP, current US$ 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 200 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.
Download this data
CSV · JSON — 49 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.