Panama’s trade deficit widened to PAB 986.2 million in February 2019 from PAB 855.7 billion in the same month of the previous year. Exports fell 11.4 percent year-on-year to PAB 52.65 million, as sales dropped for shrimps (-57.7 percent); fish (-52.2 percent); and meat (-4.7 percent). Imports rose 15.1 percent to PAB 1038.9 million, mainly due to higher purchases of consumption goods rose (20.2 percent), boosted by non-durable (23.4 percent), semi-durable (13.1 percent) and fuels & lubricants (16.2 percent). Also, purchases increased for capital goods (14.1 percent), driven by construction (0.1 percent), transport & communications (14.3 percent) and other capital goods (36 percent); and intermediate goods (7.1 percent), namely raw materials and intermediate products for agriculture (22.0 percent), for industry (1.1 percent), and construction materials (16.9 percent). Balance of Trade in Panama averaged -709460.36 PAB Thousand from 2003 until 2019, 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.

Balance of Trade in Panama is expected to be -978000.00 PAB Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Panama to stand at -1011600.00 in 12 months time. In the long-term, the Panama Balance of Trade is projected to trend around -1035000.00 PAB Thousand in 2020, according to our econometric models.

Panama Balance of Trade
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Calendar GMT Actual Previous Consensus TEForecast
2019-01-16 01:20 PM Balance of Trade PAB-1091.1M PAB-1212.4M PAB -1080M
2019-02-18 01:10 PM Balance of Trade PAB-1091.2M PAB-1091.1M PAB -990M
2019-03-26 03:00 PM Balance of Trade PAB-1067.7M PAB-1091.2M PAB -1120M
2019-04-17 02:00 PM Balance of Trade PAB-986.2M PAB-1067.7M PAB -985M
2019-05-17 01:50 PM Balance of Trade PAB-986.2M PAB -1018.5M
2019-06-21 01:20 PM Balance of Trade
2019-08-07 01:00 PM Balance of Trade

Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -986229.84 -1067737.57 -164179.00 -1274300.00 PAB Thousand [+]
Current Account -1041.80 -1585.60 247.00 -1670.40 PAB Million [+]
Current Account to GDP -8.50 -7.90 14.81 -13.50 percent [+]
Imports 1038882.90 1111220.00 1349156.80 226561.00 PAB Thousand [+]
Exports 52653.09 43482.34 181465.14 40502.29 PAB Thousand [+]
Capital Flows -920.00 -2791.00 2195.90 -2791.00 PAB Million [+]
Remittances 443.70 426.10 652.00 220.00 USD Million [+]
Terrorism Index 0.08 0.15 0.66 0.00 [+]
Foreign Direct Investment 1343.30 1520.10 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 April of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-986229.84 -1067737.57 -164179.00 -1274300.00 2003 - 2019 PAB Thousand Monthly
Current Prices, NSA

Country Last Previous
Argentina 460.00 Feb/19
Australia 4801.00 Feb/19
Brazil 4990.00 Mar/19
Canada -2894.80 Feb/19
China 326.71 Mar/19
Euro Area 17938.00 Feb/19
France -4002.00 Feb/19
Germany 17900.00 Feb/19
India -10890.00 Mar/19
Indonesia 540.20 Mar/19
Italy 3267.83 Feb/19
Japan 528.50 Mar/19
Mexico 1222.00 Feb/19
Netherlands 5130.00 Feb/19
Russia 15671.00 Feb/19
Saudi Arabia 180059.00 Dec/18
Singapore 3615.50 Mar/19
South Africa 3990.00 Feb/19
South Korea 5222.00 Mar/19
Spain -2627773.00 Feb/19
Switzerland 2494.00 Mar/19
Turkey -2134.33 Feb/19
United Kingdom -4860.00 Feb/19
United States -49382.00 Feb/19