Panama Balance of Trade  2003-2018 | Data | Chart | Calendar | Forecast

Panama's trade deficit widened to PAB 1070.6 million in July of 2018 from PAB 968.1 million in the same month of the previous year. Exports increased 6.7 percent to PAB 57.05 million, boosted by sea products (+241.1 percent) and clothing (+123.1 percent). Meantime, imports surged 10.4 percent to PAB 1127.6 million, mainly nudged by consumption goods (+25.5 percent), with oil (+64.6 percent) leading purchases. Balance of Trade in Panama averaged -694220.28 PAB Thousand from 2003 until 2018, reaching an all time high of -164179 PAB Thousand in February of 2005 and a record low of -1274300 PAB Thousand in October of 2014.

Panama Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-08-07 01:00 PM Balance of Trade PAB -1090.5M PAB -989.5M PAB -1088.2M
2018-08-21 02:45 PM Balance of Trade PAB -973.8M PAB -1090.5M PAB -960M
2018-09-17 11:30 PM Balance of Trade PAB -1070.6M PAB -973.8M PAB -950M
2018-10-02 10:30 PM Balance of Trade PAB -1070.6M PAB -1113.2M
2018-11-02 07:00 PM Balance of Trade PAB -857M
2018-12-04 06:00 PM Balance of Trade PAB -1081.9M


Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -1070554.00 -973841.00 -164179.00 -1274300.00 PAB Thousand [+]
Exports 57049.00 61585.00 181465.14 45377.87 PAB Thousand [+]
Imports 1127603.00 1035426.00 1349156.80 226561.00 PAB Thousand [+]
Current Account -748.00 -1077.60 247.00 -1670.50 PAB Million [+]
Current Account to GDP -6.10 -5.50 14.81 -13.10 percent [+]
Capital Flows -1104.20 -2446.00 2195.90 -2446.00 PAB Million [+]
Remittances 426.00 473.00 652.00 220.00 USD Million [+]
Terrorism Index 0.15 0.00 0.66 0.00 [+]
Foreign Direct Investment 1098.50 1007.50 1685.10 -306.70 USD Million [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



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. This page provides - Panama Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-1070554.00 -973841.00 -164179.00 -1274300.00 2003 - 2018 PAB Thousand Monthly
Current Prices, NSA




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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