Imports of goods and services in Panama
Panama: Imports of goods and services was 34.02 billion current US$ in 2024. ◆ Volatile
Latest (2024)
34.02 billion current US$
Change on year
down 5.0%
World rank
77th
of 192 countries
All-time high
35.80 billion current US$
in 2023
All-time low
292.10 million current US$
in 1960
Years of data
65
1960–2024
Imports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, imports of goods and services in Panama stood at 34.02 billion current US$.
That represents a change of down 5.0% on the previous year and up 10.1% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 35.80 billion current US$ in 2023 and was at its lowest, 292.10 million current US$, in 1960.
Panama ranks 77th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Panama, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 292.10 million current US$ | — |
| 1961 | 321.49 million current US$ | +10.1% |
| 1962 | 372.81 million current US$ | +16.0% |
| 1963 | 434.33 million current US$ | +16.5% |
| 1964 | 441.97 million current US$ | +1.8% |
| 1965 | 496.43 million current US$ | +12.3% |
| 1966 | 560.30 million current US$ | +12.9% |
| 1967 | 603.79 million current US$ | +7.8% |
| 1968 | 630.83 million current US$ | +4.5% |
| 1969 | 731.33 million current US$ | +15.9% |
| 1970 | 832.02 million current US$ | +13.8% |
| 1971 | 925.39 million current US$ | +11.2% |
| 1972 | 1.03 billion current US$ | +11.3% |
| 1973 | 1.15 billion current US$ | +11.8% |
| 1974 | 1.81 billion current US$ | +56.8% |
| 1975 | 1.97 billion current US$ | +9.0% |
| 1976 | 1.92 billion current US$ | -2.4% |
| 1977 | 1.96 billion current US$ | +2.2% |
| 1978 | 2.17 billion current US$ | +10.4% |
| 1979 | 2.70 billion current US$ | +24.6% |
| 1980 | 3.34 billion current US$ | +23.8% |
| 1981 | 3.73 billion current US$ | +11.6% |
| 1982 | 3.46 billion current US$ | -7.2% |
| 1983 | 2.72 billion current US$ | -21.3% |
| 1984 | 2.93 billion current US$ | +7.5% |
| 1985 | 3.18 billion current US$ | +8.6% |
| 1986 | 3.41 billion current US$ | +7.3% |
| 1987 | 3.50 billion current US$ | +2.5% |
| 1988 | 2.82 billion current US$ | -19.2% |
| 1989 | 3.39 billion current US$ | +20.1% |
| 1990 | 4.14 billion current US$ | +21.9% |
| 1991 | 5.37 billion current US$ | +29.8% |
| 1992 | 6.32 billion current US$ | +17.6% |
| 1993 | 6.64 billion current US$ | +5.2% |
| 1994 | 7.26 billion current US$ | +9.4% |
| 1995 | 7.66 billion current US$ | +5.5% |
| 1996 | 7.56 billion current US$ | -1.4% |
| 1997 | 8.63 billion current US$ | +14.2% |
| 1998 | 8.93 billion current US$ | +3.5% |
| 1999 | 7.90 billion current US$ | -11.5% |
| 2000 | 8.41 billion current US$ | +6.4% |
| 2001 | 8.20 billion current US$ | -2.5% |
| 2002 | 8.09 billion current US$ | -1.3% |
| 2003 | 8.04 billion current US$ | -0.6% |
| 2004 | 9.69 billion current US$ | +20.5% |
| 2005 | 11.80 billion current US$ | +21.7% |
| 2006 | 13.49 billion current US$ | +14.3% |
| 2007 | 16.65 billion current US$ | +23.5% |
| 2008 | 22.19 billion current US$ | +33.3% |
| 2009 | 18.64 billion current US$ | -16.0% |
| 2010 | 22.80 billion current US$ | +22.3% |
| 2011 | 28.72 billion current US$ | +25.9% |
| 2012 | 32.72 billion current US$ | +13.9% |
| 2013 | 32.17 billion current US$ | -1.7% |
| 2014 | 30.90 billion current US$ | -3.9% |
| 2015 | 27.43 billion current US$ | -11.2% |
| 2016 | 25.49 billion current US$ | -7.1% |
| 2017 | 27.39 billion current US$ | +7.4% |
| 2018 | 29.47 billion current US$ | +7.6% |
| 2019 | 28.06 billion current US$ | -4.8% |
| 2020 | 18.51 billion current US$ | -34.1% |
| 2021 | 25.97 billion current US$ | +40.3% |
| 2022 | 34.76 billion current US$ | +33.9% |
| 2023 | 35.80 billion current US$ | +3.0% |
| 2024 | 34.02 billion current US$ | -5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 488.54 million current US$ | 292.10 million current US$ | 731.33 million current US$ | 10 |
| 1970s | 1.65 billion current US$ | 832.02 million current US$ | 2.70 billion current US$ | 10 |
| 1980s | 3.25 billion current US$ | 2.72 billion current US$ | 3.73 billion current US$ | 10 |
| 1990s | 7.04 billion current US$ | 4.14 billion current US$ | 8.93 billion current US$ | 10 |
| 2000s | 12.52 billion current US$ | 8.04 billion current US$ | 22.19 billion current US$ | 10 |
| 2010s | 28.51 billion current US$ | 22.80 billion current US$ | 32.72 billion current US$ | 10 |
| 2020s | 29.81 billion current US$ | 18.51 billion current US$ | 35.80 billion current US$ | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9754 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 19,303 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 4.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 0.9754 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 19,303 current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 4.44 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.8647 constant 2015 US$ 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 34.02 billion current 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 35.80 billion current US$ in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 292.10 million current US$ in 1960.
- How does Panama rank for imports of goods and services?
- Panama ranks 77th out of 192 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is volatile.
- 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 (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.