Imports of goods and services in Panama
Panama: Imports of goods and services was 36.06 billion constant LCU in 2024. ▲ Rising
Imports of goods and services in Panama, 1996–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for imports of goods and services in Panama is 36.06 billion constant LCU, measured in 2024.
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 37.03 billion constant LCU in 2023 and was at its lowest, 10.18 billion constant LCU, in 1996.
That places Panama 130th out of 179 countries with data for 2024, putting it 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 LCU | Change |
|---|---|---|
| 1996 | 10.18 billion constant LCU | — |
| 1997 | 11.01 billion constant LCU | +8.2% |
| 1998 | 12.06 billion constant LCU | +9.5% |
| 1999 | 10.45 billion constant LCU | -13.3% |
| 2000 | 11.79 billion constant LCU | +12.8% |
| 2001 | 11.41 billion constant LCU | -3.2% |
| 2002 | 11.50 billion constant LCU | +0.8% |
| 2003 | 11.12 billion constant LCU | -3.4% |
| 2004 | 12.68 billion constant LCU | +14.1% |
| 2005 | 14.52 billion constant LCU | +14.5% |
| 2006 | 15.98 billion constant LCU | +10.1% |
| 2007 | 18.91 billion constant LCU | +18.3% |
| 2008 | 23.27 billion constant LCU | +23.0% |
| 2009 | 20.61 billion constant LCU | -11.4% |
| 2010 | 24.46 billion constant LCU | +18.6% |
| 2011 | 28.23 billion constant LCU | +15.4% |
| 2012 | 31.17 billion constant LCU | +10.4% |
| 2013 | 30.58 billion constant LCU | -1.9% |
| 2014 | 29.14 billion constant LCU | -4.7% |
| 2015 | 28.83 billion constant LCU | -1.1% |
| 2016 | 27.23 billion constant LCU | -5.5% |
| 2017 | 28.28 billion constant LCU | +3.9% |
| 2018 | 29.47 billion constant LCU | +4.2% |
| 2019 | 28.93 billion constant LCU | -1.8% |
| 2020 | 21.27 billion constant LCU | -26.5% |
| 2021 | 27.97 billion constant LCU | +31.5% |
| 2022 | 34.69 billion constant LCU | +24.0% |
| 2023 | 37.03 billion constant LCU | +6.7% |
| 2024 | 36.06 billion constant LCU | -2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.93 billion constant LCU | 10.18 billion constant LCU | 12.06 billion constant LCU | 4 |
| 2000s | 15.18 billion constant LCU | 11.12 billion constant LCU | 23.27 billion constant LCU | 10 |
| 2010s | 28.63 billion constant LCU | 24.46 billion constant LCU | 31.17 billion constant LCU | 10 |
| 2020s | 31.40 billion constant LCU | 21.27 billion constant LCU | 37.03 billion constant LCU | 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)
- 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 36.06 billion constant LCU 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 37.03 billion constant LCU in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 10.18 billion constant LCU in 1996.
- How does Panama rank for imports of goods and services?
- Panama ranks 130th out of 179 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 LCU). 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 constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.