Imports of goods and services (BoP, current US$) in Panama
Panama: Imports of goods and services (BoP, current US$) was 34.10 billion BoP, current US$ in 2025. ◆ Volatile
Imports of goods and services in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Panama recorded 34.10 billion BoP, current US$ for imports of goods and services in 2025.
Compared with earlier readings it is up 5.1% on the previous year and up 24.6% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 36.07 billion BoP, current US$ in 2023 and was at its lowest, 995.40 million BoP, current US$, in 1977.
Panama ranks 76th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services (BoP, current US$) in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | 995.40 million BoP, current US$ | — |
| 1978 | 1.10 billion BoP, current US$ | +10.6% |
| 1979 | 1.37 billion BoP, current US$ | +24.8% |
| 1980 | 3.39 billion BoP, current US$ | +147.1% |
| 1981 | 3.79 billion BoP, current US$ | +11.6% |
| 1982 | 3.51 billion BoP, current US$ | -7.2% |
| 1983 | 2.77 billion BoP, current US$ | -21.2% |
| 1984 | 2.98 billion BoP, current US$ | +7.5% |
| 1985 | 3.23 billion BoP, current US$ | +8.5% |
| 1986 | 3.47 billion BoP, current US$ | +7.4% |
| 1987 | 3.55 billion BoP, current US$ | +2.4% |
| 1988 | 2.87 billion BoP, current US$ | -19.2% |
| 1989 | 3.44 billion BoP, current US$ | +20.0% |
| 1990 | 4.19 billion BoP, current US$ | +21.9% |
| 1991 | 5.44 billion BoP, current US$ | +29.7% |
| 1992 | 6.40 billion BoP, current US$ | +17.6% |
| 1993 | 6.73 billion BoP, current US$ | +5.2% |
| 1994 | 7.36 billion BoP, current US$ | +9.4% |
| 1995 | 7.77 billion BoP, current US$ | +5.5% |
| 1996 | 7.50 billion BoP, current US$ | -3.4% |
| 1997 | 8.64 billion BoP, current US$ | +15.2% |
| 1998 | 8.88 billion BoP, current US$ | +2.8% |
| 1999 | 7.77 billion BoP, current US$ | -12.5% |
| 2000 | 8.12 billion BoP, current US$ | +4.5% |
| 2001 | 7.79 billion BoP, current US$ | -4.1% |
| 2002 | 7.66 billion BoP, current US$ | -1.7% |
| 2003 | 7.58 billion BoP, current US$ | -1.0% |
| 2004 | 9.08 billion BoP, current US$ | +19.8% |
| 2005 | 10.75 billion BoP, current US$ | +18.4% |
| 2006 | 11.92 billion BoP, current US$ | +10.9% |
| 2007 | 15.70 billion BoP, current US$ | +31.7% |
| 2008 | 20.77 billion BoP, current US$ | +32.3% |
| 2009 | 17.60 billion BoP, current US$ | -15.3% |
| 2010 | 21.54 billion BoP, current US$ | +22.4% |
| 2011 | 30.00 billion BoP, current US$ | +39.3% |
| 2012 | 32.17 billion BoP, current US$ | +7.2% |
| 2013 | 31.64 billion BoP, current US$ | -1.7% |
| 2014 | 30.72 billion BoP, current US$ | -2.9% |
| 2015 | 27.37 billion BoP, current US$ | -10.9% |
| 2016 | 25.47 billion BoP, current US$ | -6.9% |
| 2017 | 26.96 billion BoP, current US$ | +5.8% |
| 2018 | 29.17 billion BoP, current US$ | +8.2% |
| 2019 | 27.35 billion BoP, current US$ | -6.2% |
| 2020 | 17.59 billion BoP, current US$ | -35.7% |
| 2021 | 24.37 billion BoP, current US$ | +38.6% |
| 2022 | 32.78 billion BoP, current US$ | +34.5% |
| 2023 | 36.07 billion BoP, current US$ | +10.0% |
| 2024 | 32.44 billion BoP, current US$ | -10.1% |
| 2025 | 34.10 billion BoP, current US$ | +5.1% |
Panama compared with similar countries
- Panama's 34.10 billion BoP, current US$ is below the median for high income countries, which is 66.46 billion BoP, current US$, 51% of the median. (72 countries reporting)
- Panama's 34.10 billion BoP, current US$ is above the median for Latin America & Caribbean, which is 10.96 billion BoP, current US$, 3.1× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services (BoP, current US$) 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 | +147.1% | 1.37 billion BoP, current US$ | 3.39 billion BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.16 billion BoP, current US$ | 995.40 million BoP, current US$ | 1.37 billion BoP, current US$ | 3 |
| 1980s | 3.30 billion BoP, current US$ | 2.77 billion BoP, current US$ | 3.79 billion BoP, current US$ | 10 |
| 1990s | 7.07 billion BoP, current US$ | 4.19 billion BoP, current US$ | 8.88 billion BoP, current US$ | 10 |
| 2000s | 11.70 billion BoP, current US$ | 7.58 billion BoP, current US$ | 20.77 billion BoP, current US$ | 10 |
| 2010s | 28.24 billion BoP, current US$ | 21.54 billion BoP, current US$ | 32.17 billion BoP, current US$ | 10 |
| 2020s | 29.56 billion BoP, current US$ | 17.59 billion BoP, current US$ | 36.07 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 73 Estonia 36.50 billion BoP, current US$ compare
- 74 Dominican Republic 35.44 billion BoP, current US$ compare
- 75 Bahrain 34.60 billion BoP, current US$ compare
- 77 Libya 33.28 billion BoP, current US$ compare
- 78 Costa Rica 33.06 billion BoP, current US$ compare
- 79 Latvia 32.72 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)
- SDRs holdings, US dollar, annual growth rate 3.53 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0058 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 114.24 units per person (2025)
- SDRs holdings, SDR, annual growth rate -1.41 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0042 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 83.42 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate -18.73 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0049 units per US$ of GDP (2025)
Frequently asked questions
- What is imports of goods and services in Panama?
- Imports of goods and services in Panama was 34.10 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Panama?
- The highest recorded value was 36.07 billion BoP, current US$ in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 995.40 million BoP, current US$ in 1977.
- How does Panama rank for imports of goods and services?
- Panama ranks 76th out of 200 countries with data for 2025.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 24.6%. 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 Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.