Imports to Panama fell 1.2 percent over a year earlier to PAB 1114.4 million in July 2019, mainly due to lower purchases of consumption goods (-8.4 percent), namely non-durable (-3.4 percent), semi-durable (-1.4 percent), and fuels & lubricants (-17.9 percent); and capital (-0.7 percent), in particular transport equipment & telecommunication (-1.2 percent), agricultural (-21.5 percent) and other capital goods (-12.3 percent). Imports in Panama averaged 787515.31 PAB Thousand from 2003 until 2019, reaching an all time high of 1349156.80 PAB Thousand in October of 2014 and a record low of 226561 PAB Thousand in February of 2003.
Imports in Panama is expected to be 1080000.00 PAB Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Imports in Panama to stand at 1120000.00 in 12 months time. In the long-term, the Panama Imports is projected to trend around 1180000.00 PAB Thousand in 2020, according to our econometric models.