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 1.0 USD bn in Aug 2023, compared with a deficit of 753.6 USD mn in the previous month
  • Panama's Trade Balance data is updated monthly, available from Jan 1964 to Aug 2023, with an averaged value of -138.8 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, an increase of 5.6% YoY (year-on-year)
  • Total Imports recorded 1.4 USD bn in Aug 2023, a decrease of 5.6% YoY (year-on-year)

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

Panama Trade Balance

What was Panama's Trade Balance in Aug 2023?

Panama's Trade Balance recorded a deficit of 1.0 USD bn in Aug 2023, compared with a deficit of 753.6 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,047.8 Aug 2023 -753.6 Jul 2023 -1,274.3 Oct 2014 3.1 Apr 1988 USD mn monthly Jan 1964 - Aug 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) -416.6 Oct 2023 monthly Oct 1998 - Oct 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) -591.7 Oct 2023 monthly Jan 1991 - Oct 2023
Armenia (USD mn) -291.6 Sep 2023 monthly Nov 1995 - Sep 2023
Australia (USD mn) 4,360.6 Sep 2023 monthly Jul 1971 - Sep 2023
Austria (USD mn) -54.2 Jul 2023 monthly Jan 1957 - Jul 2023
Azerbaijan (USD mn) 670.6 Sep 2023 monthly Jan 2000 - Sep 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -1,561.8 Sep 2023 monthly Jul 1986 - Sep 2023
Belarus (USD mn) 370.7 Sep 2023 monthly Jan 2000 - Sep 2023
Belgium (USD mn) 4,627.1 Sep 2023 monthly Jan 1993 - Sep 2023
Bolivia (USD mn) 24.0 Aug 2023 monthly Oct 1994 - Aug 2023
Bosnia and Herzegovina (USD mn) -506.3 Oct 2023 monthly Jan 2000 - Oct 2023
Botswana (USD mn) -285.7 Sep 2023 monthly Jan 2001 - Sep 2023
Brazil (USD mn) 8,958.4 Oct 2023 monthly Jan 1959 - Oct 2023
Brunei (USD mn) -13.1 Jun 2023 monthly Jan 2010 - Jun 2023
Bulgaria (USD mn) -437.4 Jul 2023 monthly Jan 1995 - Jul 2023
Cambodia (USD mn) -279.0 Oct 2023 monthly Jun 2013 - Oct 2023
Canada (USD mn) 1,506.2 Sep 2023 monthly Jan 1988 - Sep 2023
Chile (USD mn) 945.8 Oct 2023 monthly Jan 1968 - Oct 2023
China (USD mn) 56,528.1 Oct 2023 monthly Jan 1992 - Oct 2023
Colombia (USD mn) -816.5 Sep 2023 monthly Jan 1958 - Sep 2023
Croatia (USD mn) -1,609.3 Aug 2023 monthly Jan 1993 - Aug 2023
Cyprus (USD mn) -730.2 Aug 2023 monthly Jan 1957 - Aug 2023
Czech Republic (USD mn) 993.2 Aug 2023 monthly Jan 1996 - Aug 2023
Denmark (USD mn) -57.3 Sep 2023 monthly Jan 1997 - Sep 2023
Ecuador (USD mn) 525.4 Sep 2023 monthly Mar 1992 - Sep 2023
Egypt (USD mn) -3,139.0 Sep 2023 monthly Jan 1957 - Sep 2023
Estonia (USD mn) -221.4 Sep 2023 monthly Jan 1993 - Sep 2023
European Union (USD mn) 7,391.6 Sep 2023 monthly Jan 2002 - Sep 2023
Finland (USD mn) 389.5 Sep 2023 monthly Jan 1992 - Sep 2023
France (USD mn) -9,516.2 Sep 2023 monthly Jan 2000 - Sep 2023
Georgia (USD mn) -713.3 Sep 2023 monthly Jan 1995 - Sep 2023
Germany (USD mn) 18,763.4 Oct 2023 monthly Jan 1957 - Oct 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,856.3 Sep 2023 monthly Jan 2002 - Sep 2023
Hong Kong SAR, China (USD mn) -8,249.3 Sep 2023 monthly Jan 1957 - Sep 2023
Hungary (USD mn) 1,349.2 Sep 2023 monthly Jan 1976 - Sep 2023
Iceland (USD mn) -107.2 Sep 2023 monthly Jan 1957 - Sep 2023
India (USD mn) -31,460.0 Oct 2023 monthly Jan 1957 - Oct 2023
Indonesia (USD mn) 3,475.6 Oct 2023 monthly Jan 1967 - Oct 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 4,496.1 Sep 2023 monthly Jan 1970 - Sep 2023
Israel (USD mn) -1,945.5 Oct 2023 monthly Jan 1988 - Oct 2023
Italy (USD mn) 3,509.0 Sep 2023 monthly Jan 1993 - Sep 2023
Ivory Coast (USD mn) -3.6 Jul 2023 monthly Jan 1981 - Jul 2023
Japan (USD mn) -3,088.4 Oct 2023 monthly Apr 1995 - Oct 2023
Jordan (USD mn) -1,221.4 Sep 2023 monthly Jan 1972 - Sep 2023
Kazakhstan (USD mn) 1,592.6 Sep 2023 monthly Sep 1995 - Sep 2023
Kenya (USD mn) -847.6 Sep 2023 monthly Oct 1992 - Sep 2023
South Korea (USD mn) 1,627.2 Oct 2023 monthly Jan 1966 - Oct 2023
Kosovo (USD mn) -478.8 Sep 2023 monthly Jan 2003 - Sep 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -772.6 Aug 2023 monthly Jan 2002 - Aug 2023
Laos (USD mn) 200.4 Jun 2023 quarterly Dec 1992 - Jun 2023
Latvia (USD mn) -552.3 Sep 2023 monthly Jan 1995 - Sep 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -404.5 Sep 2023 monthly Jan 1999 - Sep 2023
Luxembourg (USD mn) -778.9 Aug 2023 monthly Jan 1988 - Aug 2023
Macau SAR, China (USD mn) -1,326.7 Sep 2023 monthly Jan 1998 - Sep 2023
North Macedonia (USD mn) -222.8 Sep 2023 monthly Dec 1993 - Sep 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,930.5 Sep 2023 monthly Jan 1990 - Sep 2023
Malta (USD mn) -247.2 Sep 2023 monthly Jan 1960 - Sep 2023
Mauritius (USD mn) -376.1 Aug 2023 monthly Jan 2006 - Aug 2023
Mexico (USD mn) -822.1 Sep 2023 monthly Jan 1993 - Sep 2023
Moldova (USD mn) -354.6 Sep 2023 monthly Jan 1992 - Sep 2023
Mongolia (USD mn) 370.3 Oct 2023 monthly Jan 1997 - Oct 2023
Montenegro (USD mn) -326.1 Sep 2023 monthly Jan 2005 - Sep 2023
Morocco (USD mn) -2,487.6 Oct 2023 monthly Jan 1957 - Oct 2023
Mozambique (USD mn) -60.6 Sep 2023 monthly Jan 2011 - Sep 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,003.8 Oct 2023 monthly Aug 1974 - Oct 2023
Netherlands (USD mn) 14,566.2 Sep 2023 monthly Jan 1996 - Sep 2023
New Zealand (USD mn) -1,007.1 Oct 2023 monthly Jan 1960 - Oct 2023
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 7,882.6 Oct 2023 monthly Jan 1957 - Oct 2023
Oman (USD mn) 1,870.2 Jun 2023 monthly Jan 1975 - Jun 2023
Pakistan (USD mn) -1,888.0 Nov 2023 monthly Jan 1968 - Nov 2023
Palestinian Territory (USD mn) -558.5 Jul 2023 monthly Jan 2011 - Jul 2023
Panama (USD mn) -1,047.8 Aug 2023 monthly Jan 1964 - Aug 2023
Paraguay (USD mn) 137.9 Oct 2023 monthly Jan 1994 - Oct 2023
Peru (USD mn) 1,200.1 Sep 2023 monthly Jan 1985 - Sep 2023
Philippines (USD mn) -3,511.0 Sep 2023 monthly Jan 1957 - Sep 2023
Poland (USD mn) 1,186.9 Sep 2023 monthly Jan 1986 - Sep 2023
Portugal (USD mn) -2,317.3 Sep 2023 monthly Jan 1957 - Sep 2023
Qatar (USD mn) 5,458.2 Sep 2023 monthly Jan 2014 - Sep 2023
Romania (USD mn) -2,295.9 Sep 2023 monthly Aug 1990 - Sep 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,307.4 2022 yearly 1957 - 2022
Serbia (USD mn) -612.4 Sep 2023 monthly Jan 2001 - Sep 2023
Singapore (USD mn) 4,766.8 Oct 2023 monthly Jan 1976 - Oct 2023
Slovakia (USD mn) 526.6 Aug 2023 monthly Jan 2004 - Aug 2023
Slovenia (USD mn) -1,277.8 Aug 2023 monthly Nov 1991 - Aug 2023
South Africa (USD mn) 692.9 Sep 2023 monthly Oct 2004 - Sep 2023
Spain (USD mn) -3,304.6 Aug 2023 monthly Sep 1973 - Aug 2023
Sri Lanka (USD mn) -377.5 Sep 2023 monthly Jan 1982 - Sep 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 198.5 Sep 2023 monthly Jan 1957 - Sep 2023
Switzerland (USD mn) 3,363.3 Oct 2023 monthly Jan 1957 - Oct 2023

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Panama Key Series

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Includes 162 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 (%) -3.9 2022 yearly 2003 - 2022
Consolidated Fiscal Balance (USD mn) -3,005.500 2022 yearly 2003 - 2022
Tax Revenue (USD mn) 518.547 Aug 2023 monthly Jan 1995 - Aug 2023
Tax Revenue: % of GDP (%) 6.9 Sep 2022 quarterly Mar 2007 - Sep 2022
National Government Debt (USD mn) 47,406.2 Oct 2023 monthly Jul 2004 - Oct 2023
Government Debt: % of GDP (%) 62.3 Sep 2022 quarterly Dec 2007 - Sep 2022
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) 518,546.926 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue (PAB th) 630,946.588 Aug 2023 monthly Jan 1995 - Aug 2023
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 296,000.396 Aug 2023 monthly Jan 1995 - Aug 2023
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,047.8 Aug 2023 monthly Jan 1964 - Aug 2023
Total Exports (USD mn) 145.2 Feb 2023 monthly Jan 2000 - Feb 2023
Total Exports Growth (%) 1.5 Aug 2023 monthly Jan 2001 - Aug 2023
Aluminum: Exports (USD th) 5,167.980 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) 1,399.0 Aug 2023 monthly Jan 2000 - Aug 2023
Total Imports Growth (%) -5.6 Aug 2023 monthly Jan 2001 - Aug 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) 16.323 Jul 2023 monthly Jan 1970 - Jul 2023
Total Imports from USA (USD mn) 183.828 Jul 2023 monthly Jan 1967 - Jul 2023
Total Exports to China (USD mn) 1,072.958 2021 yearly 1999 - 2021
Total Imports from China (USD mn) 122.307 Jul 2023 monthly Mar 1989 - Jul 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) -78.4 Mar 2023 quarterly Mar 2013 - Mar 2023
Current Account Balance (USD mn) 1,101.8 Mar 2023 quarterly Mar 1998 - Mar 2023
Current Account Balance: % of GDP (%) -16.7 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Direct Investment (USD mn) 828.1 Mar 2023 quarterly Mar 1998 - Mar 2023
Foreign Direct Investment: % of GDP (%) 3.9 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment (USD mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: % of GDP (%) -0.0 Sep 2022 quarterly Mar 2007 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Mar 2023 quarterly Mar 2013 - Mar 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
External Debt (USD mn) 40,008.0 Oct 2023 monthly Jul 2004 - Oct 2023
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) -2.743 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) -70,928.394 Mar 2023 quarterly Mar 2002 - Mar 2023
BoP: Net Errors and Omissions (PAB mn) -873.539 Mar 2023 quarterly Mar 2013 - Mar 2023
Balance of Payment (BoP): Current Account (CA) (PAB mn) 1,101.789 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods (PAB mn) -1,303.278 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods: Debit (PAB mn) -6,418.744 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services (PAB mn) 3,447.793 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Goods: Credit (PAB mn) 5,115.466 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services: Credit (PAB mn) 4,757.866 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income (PAB mn) -1,043.127 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income: Credit (PAB mn) 953.765 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Income: Debit (PAB mn) -1,996.892 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Financing: Reserve Assets (PAB mn) 1.632 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account: Credit (PAB mn) 2.216 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account (PAB mn) 2.216 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: CA: Services: Debit (PAB mn) -1,310.072 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Direct Investment (PAB mn) 906.491 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Capital Account: Debit (PAB mn) 0.000 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: Financial Account (FA) (PAB mn) -436.615 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Portfolio Investment: Assets (PAB mn) -1,885.224 Mar 2023 quarterly Mar 2013 - Mar 2023
BoP: FA: Portfolio Investment: Liabilities (PAB mn) 1,626.219 Mar 2023 quarterly Mar 2013 - Mar 2023
International Investment Position (IIP) (USD mn) -70,928.394 Mar 2023 quarterly Mar 2015 - Mar 2023
IIP: Assets (USD mn) 99,523.854 Mar 2023 quarterly Mar 2015 - Mar 2023
IIP: Liabilities (USD mn) 170,452.248 Mar 2023 quarterly Mar 2015 - Mar 2023
Foreign Direct Investment (FDI) (PAB mn) 828.124 Mar 2023 quarterly Mar 2013 - Mar 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Aug 2023 monthly Dec 2008 - Aug 2023
Household Debt: % of GDP (%) 42.6 Sep 2022 quarterly Dec 2007 - Sep 2022
Non-Performing Loans (USD mn) 1,359.501 Aug 2023 monthly Dec 2008 - Aug 2023
Money Supply M1 (USD mn) 8,815.110 Aug 2023 monthly Dec 2002 - Aug 2023
Money Supply M2 (USD mn) 38,175.510 Aug 2023 monthly Dec 2002 - Aug 2023
M2 Growth (%) 0.0 Aug 2023 monthly Dec 2003 - Aug 2023
Foreign Exchange Reserves (USD mn) 4,782.4 Oct 2023 monthly Oct 1969 - Oct 2023
Foreign Exchange Reserves: % of GDP (%) 8.199 Sep 2022 quarterly Dec 2007 - Sep 2022
Foreign Exchange Reserves: Months of Import (NA) 3.4 Aug 2023 monthly Jan 2000 - Aug 2023
Gold Reserves (USD mn) 0.000 Oct 2023 monthly Sep 1969 - Oct 2023
Total Deposits (USD mn) 100,516.919 Sep 2023 monthly Dec 1998 - Sep 2023
Total Deposits Growth (%) 3.8 Sep 2023 monthly Dec 1999 - Sep 2023
Domestic Credit (USD mn) 60,572.6 Sep 2023 monthly Dec 2001 - Sep 2023
Domestic Credit Growth (%) 4.2 Sep 2023 monthly Dec 2002 - Sep 2023
Household Debt (USD mn) 31,050.8 Jul 2023 monthly Oct 2005 - Jul 2023
Total Loans (USD mn) 88,632.773 Sep 2023 monthly Dec 1998 - Sep 2023
Total Loans Growth (%) 3.72 Sep 2023 monthly Dec 1999 - Sep 2023
Private Debt: % of Nominal GDP (%) 78.23 Sep 2022 quarterly Dec 2007 - Sep 2022
Money Supply: M3 (PAB mn) 38,175.510 Aug 2023 monthly Dec 2002 - Aug 2023

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