Net trade in goods (BoP, current US$) in Panama
Panama: Net trade in goods (BoP, current US$) was -9.58 billion BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
-9.58 billion BoP, current US$
Change on year
down 30.4%
World rank
167th
of 200 countries
All-time high
156.90 million BoP, current US$
in 1988
All-time low
-9.84 billion BoP, current US$
in 2023
Years of data
49
1977–2025
Net trade in goods in Panama, 1977–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Panama recorded -9.58 billion BoP, current US$ for net trade in goods in 2025.
The figure is down 30.4% on the previous year and down 15.0% over ten years.
Over the whole period, net trade in goods in Panama peaked at 156.90 million BoP, current US$ in 1988 and was at its lowest, -9.84 billion BoP, current US$, in 2023.
Panama ranks 167th of 200 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods (BoP, current US$) in Panama, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1977 | -389.40 million BoP, current US$ | — |
| 1978 | -476.40 million BoP, current US$ | +22.3% |
| 1979 | -632.50 million BoP, current US$ | +32.8% |
| 1980 | -284.10 million BoP, current US$ | -55.1% |
| 1981 | -341.10 million BoP, current US$ | +20.1% |
| 1982 | -301.20 million BoP, current US$ | -11.7% |
| 1983 | -376.80 million BoP, current US$ | +25.1% |
| 1984 | -487.70 million BoP, current US$ | +29.4% |
| 1985 | -437.00 million BoP, current US$ | -10.4% |
| 1986 | -179.10 million BoP, current US$ | -59.0% |
| 1987 | -192.60 million BoP, current US$ | +7.5% |
| 1988 | 156.90 million BoP, current US$ | -181.5% |
| 1989 | -123.90 million BoP, current US$ | -179.0% |
| 1990 | -157.50 million BoP, current US$ | +27.1% |
| 1991 | -400.00 million BoP, current US$ | +154.0% |
| 1992 | -375.00 million BoP, current US$ | -6.2% |
| 1993 | -333.30 million BoP, current US$ | -11.1% |
| 1994 | -250.50 million BoP, current US$ | -24.8% |
| 1995 | -588.50 million BoP, current US$ | +134.9% |
| 1996 | -644.60 million BoP, current US$ | +9.5% |
| 1997 | -693.20 million BoP, current US$ | +7.5% |
| 1998 | -1.29 billion BoP, current US$ | +86.7% |
| 1999 | -1.34 billion BoP, current US$ | +3.4% |
| 2000 | -1.15 billion BoP, current US$ | -14.4% |
| 2001 | -691.70 million BoP, current US$ | -39.6% |
| 2002 | -1.03 billion BoP, current US$ | +49.3% |
| 2003 | -1.21 billion BoP, current US$ | +16.7% |
| 2004 | -1.54 billion BoP, current US$ | +27.8% |
| 2005 | -1.56 billion BoP, current US$ | +1.3% |
| 2006 | -1.72 billion BoP, current US$ | +10.1% |
| 2007 | -3.17 billion BoP, current US$ | +84.4% |
| 2008 | -4.18 billion BoP, current US$ | +32.0% |
| 2009 | -2.23 billion BoP, current US$ | -46.6% |
| 2010 | -4.58 billion BoP, current US$ | +105.2% |
| 2011 | -6.59 billion BoP, current US$ | +44.0% |
| 2012 | -6.64 billion BoP, current US$ | +0.7% |
| 2013 | -6.89 billion BoP, current US$ | +3.8% |
| 2014 | -8.94 billion BoP, current US$ | +29.8% |
| 2015 | -8.33 billion BoP, current US$ | -6.8% |
| 2016 | -7.76 billion BoP, current US$ | -6.9% |
| 2017 | -8.47 billion BoP, current US$ | +9.1% |
| 2018 | -9.21 billion BoP, current US$ | +8.7% |
| 2019 | -7.61 billion BoP, current US$ | -17.4% |
| 2020 | -2.80 billion BoP, current US$ | -63.2% |
| 2021 | -3.39 billion BoP, current US$ | +21.2% |
| 2022 | -6.70 billion BoP, current US$ | +97.4% |
| 2023 | -9.84 billion BoP, current US$ | +46.9% |
| 2024 | -7.35 billion BoP, current US$ | -25.3% |
| 2025 | -9.58 billion BoP, current US$ | +30.4% |
Panama compared with similar countries
- Panama's -9.58 billion BoP, current US$ is below the median for high income countries, which is -758.89 million BoP, current US$, 12.6× the median. (72 countries reporting)
- Panama's -9.58 billion BoP, current US$ is below the median for Latin America & Caribbean, which is -696.93 million BoP, current US$, 13.7× the median. (37 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods (BoP, current US$) 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 |
|---|---|---|---|
| 1988 | +181.5% | -192.60 million BoP, current US$ | 156.90 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -499.43 million BoP, current US$ | -632.50 million BoP, current US$ | -389.40 million BoP, current US$ | 3 |
| 1980s | -256.66 million BoP, current US$ | -487.70 million BoP, current US$ | 156.90 million BoP, current US$ | 10 |
| 1990s | -607.49 million BoP, current US$ | -1.34 billion BoP, current US$ | -157.50 million BoP, current US$ | 10 |
| 2000s | -1.85 billion BoP, current US$ | -4.18 billion BoP, current US$ | -691.70 million BoP, current US$ | 10 |
| 2010s | -7.50 billion BoP, current US$ | -9.21 billion BoP, current US$ | -4.58 billion BoP, current US$ | 10 |
| 2020s | -6.61 billion BoP, current US$ | -9.84 billion BoP, current US$ | -2.80 billion BoP, current US$ | 6 |
Countries ranked near Panama
- 164 Cyprus -8.03 billion BoP, current US$ compare
- 165 Honduras -8.51 billion BoP, current US$ compare
- 166 Hong Kong -9.39 billion BoP, current US$ compare
- 168 Bulgaria -10.57 billion BoP, current US$ compare
- 169 Kenya -10.65 billion BoP, current US$ compare
- 170 Jordan -10.66 billion BoP, current US$ compare
More economy & growth data for Panama
- Real gdp growth, annual growth rate 58.3 % change on previous year (2025)
- 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)
Frequently asked questions
- What is net trade in goods in Panama?
- Net trade in goods in Panama was -9.58 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Panama?
- The highest recorded value was 156.90 million BoP, current US$ in 1988.
- What is the lowest net trade in goods recorded in Panama?
- The lowest recorded value was -9.84 billion BoP, current US$ in 2023.
- How does Panama rank for net trade in goods?
- Panama ranks 167th out of 200 countries with data for 2025.
- Is net trade in goods rising or falling in Panama?
- Over the last ten years it is down 15.0%. 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 Net trade in goods (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
The balance of international trade in goods is the difference between the exports and imports of goods. 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.