Panama recorded a trade deficit of 1198302.94 PAB Thousand in December of 2022. source: Instituto Nacional de Estadística y Censo - Panamá

Balance of Trade in Panama averaged -751289.45 PAB Thousand from 2003 until 2022, reaching an all time high of -164179.00 PAB Thousand in February of 2005 and a record low of -1396284.83 PAB Thousand in August of 2022. This page provides - Panama Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on June of 2023.

Balance of Trade in Panama is expected to be -1367398.00 PAB Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Balance of Trade is projected to trend around -1509536.00 PAB Thousand in 2024 and -1506092.00 PAB Thousand in 2025, according to our econometric models.

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Panama Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-10-18 02:00 PM Aug PAB-1396M PAB-1142M PAB-928M
2022-11-18 06:00 PM Sep PAB-1213M PAB-1396M PAB -931.8M

Related Last Previous Unit Reference
Balance of Trade -1198302.94 -1132494.00 PAB Thousand Dec 2022
Current Account -2979.50 116.77 PAB Million Sep 2022
Imports 1260397.00 1199406.00 PAB Thousand Dec 2022
Exports 62094.07 66912.00 PAB Thousand Dec 2022
Capital Flows -3891.09 -1636.50 PAB Million Sep 2022
Remittances 114391.50 118128.10 PAB Thousand Sep 2022
Foreign Direct Investment 536.10 728.90 USD Million Jun 2022

Panama Balance of Trade
Panama's lack of mineral resources such as crude oil results in a trade deficits on a consistent basis. The imports of mineral products alone are larger than the country's total exports. Panama mainly exports salmon, banana and gold. Panama's major trade partner is the United States (30 percent of the exports and 28 percent of the imports). Others include China and Costa Rica.
Actual Previous Highest Lowest Dates Unit Frequency
-1198302.94 -1132494.00 -164179.00 -1396284.83 2003 - 2022 PAB Thousand Monthly
Current Prices, NSA