Imports of goods and services in Panama
Panama: Imports of goods and services was 34.02 billion current US$ in 2024. ◆ Volatile
Imports of goods and services in Panama, 1960–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2024, imports of goods and services in Panama stood at 34.02 billion current US$.
That represents a change of down 5.0% on the previous year and up 10.1% over ten years.
Over the whole period, imports of goods and services in Panama peaked at 35.80 billion current US$ in 2023 and was at its lowest, 292.10 million current US$, in 1960.
Panama ranks 77th of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 488.54 million current US$ | 292.10 million current US$ | 731.33 million current US$ | 10 |
| 1970s | 1.65 billion current US$ | 832.02 million current US$ | 2.70 billion current US$ | 10 |
| 1980s | 3.25 billion current US$ | 2.72 billion current US$ | 3.73 billion current US$ | 10 |
| 1990s | 7.04 billion current US$ | 4.14 billion current US$ | 8.93 billion current US$ | 10 |
| 2000s | 12.52 billion current US$ | 8.04 billion current US$ | 22.19 billion current US$ | 10 |
| 2010s | 28.51 billion current US$ | 22.80 billion current US$ | 32.72 billion current US$ | 10 |
| 2020s | 29.81 billion current US$ | 18.51 billion current US$ | 35.80 billion current US$ | 5 |
Countries ranked near Panama
More economy & growth data for Panama
- 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)
- Taxes less subsidies on products 2.23 billion current US$ (2025)
- Net primary income (Net income from abroad) -4.39 billion current LCU (2025)
- Net primary income (Net income from abroad) -4.39 billion current US$ (2025)
- GNI per capita 18,830 current LCU (2025)
- GNI per capita, Atlas method 19,140 current US$ (2025)
- GNI 86.07 billion current LCU (2025)
Frequently asked questions
- What is imports of goods and services in Panama?
- Imports of goods and services in Panama was 34.02 billion current US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Panama?
- The highest recorded value was 35.80 billion current US$ in 2023.
- What is the lowest imports of goods and services recorded in Panama?
- The lowest recorded value was 292.10 million current US$ in 1960.
- How does Panama rank for imports of goods and services?
- Panama ranks 77th out of 192 countries with data for 2024.
- Is imports of goods and services rising or falling in Panama?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is volatile.
- Where does this Panama data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.