Panama recorded a trade deficit of 1350693.57 PAB Thousand in May of 2026. Balance of Trade in Panama averaged -803383.59 PAB Thousand from 2003 until 2026, reaching an all time high of -164179.00 PAB Thousand in February of 2005 and a record low of -1424326.67 PAB Thousand in April of 2026. source: Instituto Nacional de Estadística y Censo - Panamá
Balance of Trade in Panama is expected to be -1134900.00 PAB Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Balance of Trade is projected to trend around -1293000.00 PAB Thousand in 2027 and -1370200.00 PAB Thousand in 2028, according to our econometric models.
Panama's lack of mineral resources such as crude oil results in a trade deficit on a consistent basis. The country's main export is ores slag and ash 77 percent of total shipments. Panama's main imports are: mineral fuels, oils, distillation products (17 percent of total imports), machinery, nuclear reactors, boilers (9 percent) vehicles other than railway, tramway (7 percent) and electronics (7 percent). Panama's major trade partners are: China (33 percent of total exports and 15 percent of total imports), the United States (33 percent of total imports), . Others include: Japan, South Korea, Spain, Mexico and Costa Rica.
|
Actual |
Previous |
Highest |
Lowest |
Dates |
Unit |
Frequency |
|
|
-1350693.57 |
-1424326.67 |
-164179.00 |
-1424326.67 |
2003 - 2026 |
PAB Thousand |
Monthly |
Current Prices, NSA
|