Imports to Panama declined 10.6 percent over a year earlier to PAB 1011.8 million in December 2019, mainly due to lower purchases of consumption goods (-3.1 percent), in particular non-durable products (-4.2 percent), semi-durable (-2.6 percent), and fuels & lubricants (-2.1 percent); intermediate (-15.5 percent), namely raw materials & industrial intermediate goods (-9.5 percent) and construction materials (-34 percent); and capital (-19.9 percent), of which construction (-28.8 percent) and other capital goods (-3.8 percent).
Imports in Panama averaged 793364.32 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. This page provides - Panama Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.
Imports in Panama is expected to be 1100000.00 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 1150000.00 in 12 months time. In the long-term, the Panama Imports is projected to trend around 1180000.00 PAB Thousand in 2021, according to our econometric models.