Panama Trade Balance

1964 - 2023 | Monthly | USD mn | CEIC Data

Key information about Panama's Trade Balance

  • Panama's Trade Balance recorded a deficit of 1.1 USD bn in Dec 2023, compared with a deficit of 976.8 USD mn in the previous month
  • Panama's Trade Balance data is updated monthly, available from Jan 1964 to Dec 2023, with an averaged value of -142.0 USD mn
  • The data reached an all-time high of 3.1 USD mn in Apr 1988 and a record low of -1.3 USD bn in Oct 2014
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. The National Institute of Statistics and Census provides Total Exports and Total Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Trade Balance prior to January 2000 is sourced from the International Monetary Fund.

Further information about Panama's Trade Balance

  • In the latest reports, Panama's Total Exports reached 145.2 USD mn in Feb 2023, a decrease of 6.6% YoY (year-on-year)
  • Total Imports recorded 1.2 USD bn in Dec 2023, a decrease of 6.6% YoY (year-on-year)

View Panama's Trade Balance from Jan 1964 to Dec 2023 in the chart:

Panama Trade Balance

What was Panama's Trade Balance in Dec 2023?

Panama's Trade Balance recorded a deficit of 1.1 USD bn in Dec 2023, compared with a deficit of 976.8 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,100.0 Dec 2023 -976.8 Nov 2023 -1,274.3 Oct 2014 3.1 Apr 1988 USD mn monthly Jan 1964 - Dec 2023

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -402.6 Nov 2023 monthly Oct 1998 - Nov 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 957.1 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (USD mn) -98.2 Nov 2023 monthly Nov 1995 - Nov 2023
Australia (USD mn) 7,335.5 Dec 2023 monthly Jul 1971 - Dec 2023
Austria (USD mn) 1,200.8 Oct 2023 monthly Jan 1957 - Oct 2023
Azerbaijan (USD mn) 912.8 Dec 2023 monthly Jan 2000 - Dec 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -2,075.4 Dec 2023 monthly Jul 1986 - Dec 2023
Belarus (USD mn) -258.4 Dec 2023 monthly Jan 2000 - Dec 2023
Belgium (USD mn) 301.5 Dec 2023 monthly Jan 1993 - Dec 2023
Bolivia (USD mn) -181.2 Dec 2023 monthly Oct 1994 - Dec 2023
Bosnia and Herzegovina (USD mn) -534.3 Dec 2023 monthly Jan 2000 - Dec 2023
Botswana (USD mn) -133.1 Dec 2023 monthly Jan 2001 - Dec 2023
Brazil (USD mn) 6,526.6 Jan 2024 monthly Jan 1959 - Jan 2024
Brunei (USD mn) 685.7 Dec 2023 monthly Jan 2010 - Dec 2023
Bulgaria (USD mn) -735.0 Dec 2023 monthly Jan 1995 - Dec 2023
Cambodia (USD mn) -8.0 Dec 2023 monthly Jun 2013 - Dec 2023
Canada (USD mn) 1,142.8 Nov 2023 monthly Jan 1988 - Nov 2023
Chile (USD mn) 2,622.3 Jan 2024 monthly Jan 1968 - Jan 2024
China (USD mn) 75,340.4 Dec 2023 monthly Jan 1992 - Dec 2023
Colombia (USD mn) -811.3 Dec 2023 monthly Jan 1958 - Dec 2023
Croatia (USD mn) -1,134.6 Nov 2023 monthly Jan 1993 - Nov 2023
Cyprus (USD mn) -630.5 Dec 2023 monthly Jan 1957 - Dec 2023
Czech Republic (USD mn) 1,461.4 Dec 2023 monthly Jan 1996 - Dec 2023
Denmark (USD mn) 635.3 Dec 2023 monthly Jan 1997 - Dec 2023
Ecuador (USD mn) 341.1 Dec 2023 monthly Mar 1992 - Dec 2023
Egypt (USD mn) -3,032.0 Dec 2023 monthly Jan 1957 - Dec 2023
Estonia (USD mn) -308.0 Dec 2023 monthly Jan 1993 - Dec 2023
European Union (USD mn) 11,010.2 Dec 2023 monthly Jan 2002 - Dec 2023
Finland (USD mn) -300.0 Dec 2023 monthly Jan 1992 - Dec 2023
France (USD mn) -7,449.8 Dec 2023 monthly Jan 2000 - Dec 2023
Georgia (USD mn) -664.1 Jan 2024 monthly Jan 1995 - Jan 2024
Germany (USD mn) 24,403.4 Dec 2023 monthly Jan 1957 - Dec 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,841.8 Dec 2023 monthly Jan 2002 - Dec 2023
Hong Kong SAR, China (USD mn) 466.0 Jan 2024 monthly Jan 1957 - Jan 2024
Hungary (USD mn) -293.8 Dec 2023 monthly Jan 1976 - Dec 2023
Iceland (USD mn) -108.4 Jan 2024 monthly Jan 1957 - Jan 2024
India (USD mn) -17,490.0 Jan 2024 monthly Jan 1957 - Jan 2024
Indonesia (USD mn) 2,015.1 Jan 2024 monthly Jan 1967 - Jan 2024
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 4,478.8 Dec 2023 monthly Jan 1970 - Dec 2023
Israel (USD mn) -1,403.3 Jan 2024 monthly Jan 1988 - Jan 2024
Italy (USD mn) 4,952.7 Dec 2023 monthly Jan 1993 - Dec 2023
Ivory Coast (USD mn) 1,844.2 Nov 2023 monthly Jan 1981 - Nov 2023
Japan (USD mn) 1,608.3 Jan 2024 monthly Apr 1995 - Jan 2024
Jordan (USD mn) 2,854.7 Dec 2023 monthly Jan 1972 - Dec 2023
Kazakhstan (USD mn) 884.3 Dec 2023 monthly Sep 1995 - Dec 2023
Kenya (USD mn) -1,119.1 Nov 2023 monthly Oct 1992 - Nov 2023
South Korea (USD mn) 4,291.0 Feb 2024 monthly Jan 1966 - Feb 2024
Kosovo (USD mn) -348.4 Jan 2024 monthly Jan 2003 - Jan 2024
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -670.5 Dec 2023 monthly Jan 2002 - Dec 2023
Laos (USD mn) 97.3 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (USD mn) -413.0 Dec 2023 monthly Jan 1995 - Dec 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -355.2 Dec 2023 monthly Jan 1999 - Dec 2023
Luxembourg (USD mn) -709.8 Dec 2023 monthly Jan 1988 - Dec 2023
Macau SAR, China (USD mn) -1,408.7 Jan 2024 monthly Jan 1998 - Jan 2024
North Macedonia (USD mn) -328.5 Dec 2023 monthly Dec 1993 - Dec 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,103.8 Jan 2024 monthly Jan 1990 - Jan 2024
Malta (USD mn) -259.2 Dec 2023 monthly Jan 1960 - Dec 2023
Mauritius (USD mn) -373.9 Dec 2023 monthly Jan 2006 - Dec 2023
Mexico (USD mn) -302.1 Jan 2024 monthly Jan 1993 - Jan 2024
Moldova (USD mn) -498.7 Dec 2023 monthly Jan 1992 - Dec 2023
Mongolia (USD mn) 388.9 Jan 2024 monthly Jan 1997 - Jan 2024
Montenegro (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Morocco (USD mn) -2,488.5 Dec 2023 monthly Jan 1957 - Dec 2023
Mozambique (USD mn) 89.3 Dec 2023 monthly Jan 2011 - Dec 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -858.4 Jan 2024 monthly Aug 1974 - Jan 2024
Netherlands (USD mn) 11,600.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (USD mn) -602.2 Jan 2024 monthly Jan 1960 - Jan 2024
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 7,003.3 Jan 2024 monthly Jan 1957 - Jan 2024
Oman (USD mn) 1,909.0 Oct 2023 monthly Jan 1975 - Oct 2023
Pakistan (USD mn) -1,743.1 Feb 2024 monthly Jan 1968 - Feb 2024
Palestinian Territory (USD mn) -326.6 Dec 2023 monthly Jan 2011 - Dec 2023
Panama (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Paraguay (USD mn) -71.6 Jan 2024 monthly Jan 1994 - Jan 2024
Peru (USD mn) 2,039.8 Dec 2023 monthly Jan 1985 - Dec 2023
Philippines (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Poland (USD mn) -327.2 Dec 2023 monthly Jan 1986 - Dec 2023
Portugal (USD mn) -2,536.3 Dec 2023 monthly Jan 1957 - Dec 2023
Qatar (USD mn) 4,798.6 Jan 2024 monthly Jan 2014 - Jan 2024
Romania (USD mn) -3,740.9 Dec 2023 monthly Aug 1990 - Dec 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 111,202.9 2023 yearly 1957 - 2023
Serbia (USD mn) -1,173.6 Dec 2023 monthly Jan 2001 - Dec 2023
Singapore (USD mn) 5,660.2 Jan 2024 monthly Jan 1976 - Jan 2024
Slovakia (USD mn) -281.4 Dec 2023 monthly Jan 2004 - Dec 2023
Slovenia (USD mn) 62.8 Dec 2023 monthly Nov 1991 - Dec 2023
South Africa (USD mn) -501.8 Jan 2024 monthly Oct 2004 - Jan 2024
Spain (USD mn) -3,337.5 Dec 2023 monthly Jan 1974 - Dec 2023
Sri Lanka (USD mn) -541.1 Jan 2024 monthly Jan 1982 - Jan 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 1,283.9 Jan 2024 monthly Jan 1957 - Jan 2024
Switzerland (USD mn) 8,680.0 Jan 2024 monthly Jan 1957 - Jan 2024

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Panama Key Series

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Includes 164 key indicators for Panama, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -4.0 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -2,462.500 2023 yearly 2003 - 2023
Tax Revenue (USD mn) 762.604 Dec 2023 monthly Jan 1995 - Dec 2023
Tax Revenue: % of GDP (%) 7.2 Sep 2023 quarterly Mar 2007 - Sep 2023
National Government Debt (USD mn) 46,894.6 Jan 2024 monthly Jul 2004 - Jan 2024
Government Debt: % of GDP (%) 56.0 Sep 2023 quarterly Dec 2007 - Sep 2023
Forecast: Government Expenditure (PAB bn) 22.880 2028 yearly 1994 - 2028
Forecast: Government Net Debt (PAB bn) 53.964 2028 yearly 1994 - 2028
Forecast: Government Revenue (PAB bn) 21.239 2028 yearly 1994 - 2028
Central Government Revenue: Current Revenue: Tax (PAB th) 762,604.057 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 553,673.642 Dec 2023 monthly Jan 1995 - Dec 2023
Central Government Revenue: Current Revenue (PAB th) 3,105,099.378 Dec 2023 monthly Jan 1995 - Dec 2023
Public Debt: Domestic (USD mn) 7,004.936 Jan 2024 monthly Jul 2004 - Jan 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) -79.6 Dec 2023 monthly Jan 2001 - Dec 2023
Aluminum: Exports (USD th) 1,490.770 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 807,995.942 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 145,164.399 2022 yearly 1995 - 2022
Total Imports (USD mn) 1,171.0 Dec 2023 monthly Jan 2000 - Dec 2023
Total Imports Growth (%) -6.6 Dec 2023 monthly Jan 2001 - Dec 2023
Imports: Medicament (USD th) 1,054,288.448 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 448,064.045 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 14.124 Nov 2023 monthly Jan 1970 - Nov 2023
Total Imports from USA (USD mn) 179.004 Nov 2023 monthly Jan 1967 - Nov 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 149.250 Nov 2023 monthly Mar 1989 - Nov 2023
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 122.2 Sep 2023 quarterly Mar 2013 - Sep 2023
Current Account Balance (USD mn) -5,854.6 Sep 2023 quarterly Mar 1998 - Sep 2023
Current Account Balance: % of GDP (%) -28.8 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Direct Investment (USD mn) -176.4 Sep 2023 quarterly Mar 1998 - Sep 2023
Foreign Direct Investment: % of GDP (%) -0.9 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: % of GDP (%) 0.2 Sep 2023 quarterly Mar 2007 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Sep 2023 quarterly Mar 2013 - Sep 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
External Debt (USD mn) 39,889.6 Jan 2024 monthly Jul 2004 - Jan 2024
External Debt: % of GDP (%) 167.4 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.0 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -2.777 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -73,105.081 Sep 2023 quarterly Mar 2002 - Sep 2023
BoP: Net Errors and Omissions (PAB mn) 3,834.392 Sep 2023 quarterly Mar 2013 - Sep 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) -5,854.602 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods (PAB mn) -8,365.923 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Credit (PAB mn) 4,746.572 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Goods: Debit (PAB mn) -13,112.495 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services (PAB mn) 3,487.795 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Credit (PAB mn) 4,976.487 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Services: Debit (PAB mn) -1,488.692 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income (PAB mn) -920.422 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Credit (PAB mn) 935.134 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: CA: Income: Debit (PAB mn) -1,855.556 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Capital Account: Credit (PAB mn) 2.380 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financing: Reserve Assets (PAB mn) 1,266.187 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: Financial Account (FA) (PAB mn) 723.337 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Direct Investment (PAB mn) -298.620 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) 540.810 Sep 2023 quarterly Mar 2013 - Sep 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 44.032 Sep 2023 quarterly Mar 2013 - Sep 2023
International Investment Position (IIP) (USD mn) -73,105.081 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Assets (USD mn) 97,645.344 Sep 2023 quarterly Mar 2015 - Sep 2023
IIP: Liabilities (USD mn) 170,750.425 Sep 2023 quarterly Mar 2015 - Sep 2023
Foreign Direct Investment (FDI) (PAB mn) -176.394 Sep 2023 quarterly Mar 2013 - Sep 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.9 Nov 2023 monthly Dec 2008 - Nov 2023
Household Debt: % of GDP (%) 38.3 Sep 2023 quarterly Dec 2007 - Sep 2023
Non-Performing Loans (USD mn) 1,670.620 Nov 2023 monthly Dec 2008 - Nov 2023
Money Supply M1 (USD mn) 9,005.520 Nov 2023 monthly Dec 2002 - Nov 2023
Money Supply M2 (USD mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023
M2 Growth (%) 2.9 Nov 2023 monthly Dec 2003 - Nov 2023
Foreign Exchange Reserves (USD mn) 5,420.6 Jan 2024 monthly Oct 1969 - Jan 2024
Foreign Exchange Reserves: % of GDP (%) 5.035 Sep 2023 quarterly Dec 2007 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 5.2 Dec 2023 monthly Jan 2000 - Dec 2023
Gold Reserves (USD mn) 0.000 Jan 2024 monthly Sep 1969 - Jan 2024
Total Deposits (USD mn) 104,202.564 Nov 2023 monthly Dec 1998 - Nov 2023
Total Deposits Growth (%) 5.2 Nov 2023 monthly Dec 1999 - Nov 2023
Domestic Credit (USD mn) 60,945.5 Nov 2023 monthly Dec 2001 - Nov 2023
Domestic Credit Growth (%) 3.4 Nov 2023 monthly Dec 2002 - Nov 2023
Household Debt (USD mn) 31,588.9 Nov 2023 monthly Oct 2005 - Nov 2023
Total Loans (USD mn) 89,824.234 Nov 2023 monthly Dec 1998 - Nov 2023
Total Loans Growth (%) 4.14 Nov 2023 monthly Dec 1999 - Nov 2023
Private Debt: % of Nominal GDP (%) 69.44 Sep 2023 quarterly Dec 2007 - Sep 2023
Money Supply: M3 (PAB mn) 38,886.890 Nov 2023 monthly Dec 2002 - Nov 2023

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