Value of imported goods and services in Panama
Panama: Value of imported goods and services was 34.32 billion constant 2015 US$ in 2024. ▲ Rising
Value of imported goods and services in Panama, 1996–2024
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in constant 2015 US$.
Analysis
Panama recorded 34.32 billion constant 2015 US$ for value of imported goods and services in 2024.
Compared with earlier readings it is down 2.6% on the previous year and up 23.8% over ten years.
Over the whole period, value of imported 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$, in 1996.
Panama ranks 68th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 10.40 billion constant 2015 US$ | 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
- External balance on goods and services as a percent of GDP 5.0% (2024)
- Inflation of consumer prices -0.2% (2025)
- GDP per capita 17,650 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 4.8% (2025)
- Gross domestic product (GDP) 80.68 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 17,650 constant 2015 US$ (2025)
- DEC alternative conversion factor 1 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -218.83 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) -218.83 million current US$ (2024)
- Taxes less subsidies on products 2.23 billion current LCU (2025)
Frequently asked questions
- What is value of imported goods and services in Panama?
- Value of imported goods and services in Panama was 34.32 billion constant 2015 US$ in 2024, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest value of imported goods and services recorded in Panama?
- The highest recorded value was 35.24 billion constant 2015 US$ in 2023.
- What is the lowest value of imported goods and services recorded in Panama?
- The lowest recorded value was 9.69 billion constant 2015 US$ in 1996.
- How does Panama rank for value of imported goods and services?
- Panama ranks 68th out of 170 countries with data for 2024.
- Is value of imported 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 National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Value of imported goods and services. Statizoid updates them automatically from the source API.
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About this data
Value of imported goods and market services received from the rest of the world. This data is expressed in US dollars, adjusted for inflation.