Imports of goods and services in Panama
Panama: Imports of goods and services was 34.32 billion constant 2015 US$ in 2024. ▲ Rising
Imports of goods and services in Panama, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2024, imports of goods and services in Panama stood at 34.32 billion constant 2015 US$.
The figure is down 2.6% on the previous year and up 23.8% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 35.24 billion constant 2015 US$ in 2023 and was at its lowest, 9.69 billion constant 2015 US$, in 1996.
Panama ranks 68th of 171 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Imports of goods and services in Panama, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1996 | 9.69 billion constant 2015 US$ | — |
| 1997 | 10.48 billion constant 2015 US$ | +8.2% |
| 1998 | 11.48 billion constant 2015 US$ | +9.5% |
| 1999 | 9.95 billion constant 2015 US$ | -13.3% |
| 2000 | 11.22 billion constant 2015 US$ | +12.8% |
| 2001 | 10.86 billion constant 2015 US$ | -3.2% |
| 2002 | 10.95 billion constant 2015 US$ | +0.8% |
| 2003 | 10.58 billion constant 2015 US$ | -3.4% |
| 2004 | 12.07 billion constant 2015 US$ | +14.1% |
| 2005 | 13.82 billion constant 2015 US$ | +14.5% |
| 2006 | 15.21 billion constant 2015 US$ | +10.1% |
| 2007 | 18.00 billion constant 2015 US$ | +18.3% |
| 2008 | 22.15 billion constant 2015 US$ | +23.0% |
| 2009 | 19.62 billion constant 2015 US$ | -11.4% |
| 2010 | 23.27 billion constant 2015 US$ | +18.6% |
| 2011 | 26.86 billion constant 2015 US$ | +15.4% |
| 2012 | 29.67 billion constant 2015 US$ | +10.4% |
| 2013 | 29.10 billion constant 2015 US$ | -1.9% |
| 2014 | 27.73 billion constant 2015 US$ | -4.7% |
| 2015 | 27.43 billion constant 2015 US$ | -1.1% |
| 2016 | 25.91 billion constant 2015 US$ | -5.5% |
| 2017 | 26.91 billion constant 2015 US$ | +3.9% |
| 2018 | 28.05 billion constant 2015 US$ | +4.2% |
| 2019 | 27.53 billion constant 2015 US$ | -1.8% |
| 2020 | 20.24 billion constant 2015 US$ | -26.5% |
| 2021 | 26.62 billion constant 2015 US$ | +31.5% |
| 2022 | 33.02 billion constant 2015 US$ | +24.0% |
| 2023 | 35.24 billion constant 2015 US$ | +6.7% |
| 2024 | 34.32 billion constant 2015 US$ | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.40 billion constant 2015 US$ | 9.69 billion constant 2015 US$ | 11.48 billion constant 2015 US$ | 4 |
| 2000s | 14.45 billion constant 2015 US$ | 10.58 billion constant 2015 US$ | 22.15 billion constant 2015 US$ | 10 |
| 2010s | 27.25 billion constant 2015 US$ | 23.27 billion constant 2015 US$ | 29.67 billion constant 2015 US$ | 10 |
| 2020s | 29.89 billion constant 2015 US$ | 20.24 billion constant 2015 US$ | 35.24 billion constant 2015 US$ | 5 |
Countries ranked near Panama
- 65 Oman 42.32 billion constant 2015 US$ compare
- 66 Belarus 42.11 billion constant 2015 US$ compare
- 67 Uzbekistan 38.73 billion constant 2015 US$ compare
- 69 Cyprus 33.27 billion constant 2015 US$ compare
- 70 Bahrain 30.94 billion constant 2015 US$ compare
- 71 Guatemala 30.81 billion constant 2015 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)
- Manufacturing, value added (current US$), per unit of GDP 0.048 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 949.21 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 0.048 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 949.21 current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.0403 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 796.82 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 842.84 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 2.09 % change on previous year (2025)
Frequently asked questions
- What is imports of goods and services in Panama?
- Imports of goods and services in Panama was 34.32 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Panama?
- The highest recorded value was 35.24 billion constant 2015 US$ in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 9.69 billion constant 2015 US$ in 1996.
- How does Panama rank for imports of goods and services?
- Panama ranks 68th out of 171 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 23.8%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.