Panama recorded a trade deficit of 918716.54 PAB Thousand in May of 2021. source: Instituto Nacional de Estadística y Censo - Panamá

Balance of Trade in Panama averaged -719863.32 PAB Thousand from 2003 until 2021, reaching an all time high of -164179 PAB Thousand in February of 2005 and a record low of -1274303.28 PAB Thousand in October of 2014. This page provides - Panama Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on August of 2021.

Balance of Trade in Panama is expected to be -1085000.00 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 -1114000.00 in 12 months time. In the long-term, the Panama Balance of Trade is projected to trend around -1114000.00 PAB Thousand in 2022, according to our econometric models.

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Panama Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-918716.54 -827724.13 -164179.00 -1274303.28 2003 - 2021 PAB Thousand Monthly
Current Prices, NSA


Calendar GMT Actual Previous Consensus TEForecast
2021-05-27 12:00 AM Dec PAB -787.8M PAB -659.8M PAB -670M
2021-05-27 12:00 AM Jan PAB -629.8M PAB -787.8M
2021-05-27 12:00 AM Feb PAB -700.8M PAB -629.8M
2021-05-27 12:00 AM Mar PAB -891.7M PAB -629.8M
2021-09-01 02:00 PM Jun
2021-09-16 04:00 PM Jul
2021-10-15 04:00 PM Aug
2021-11-16 09:30 PM Sep -1.085e+006


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.