Exports from Panama fell 1.3 percent year-on-year to PAB 47.8 million in November 2018, mainly dragged down by lower shipments of fish (-17.6 percent); shrimp (-33.1 percent); wood (-38.5 percent); clothing (-62.5 percent); coffee (-43.1 percent) and sugar (-51.7 percent). In contrast, overseas sales jumped for fish oil (93.8 percent) and other sea products (195 percent). Exports in Panama averaged 70096.22 PAB Thousand from 2003 until 2018, reaching an all time high of 181465.14 PAB Thousand in March of 2008 and a record low of 43588 PAB Thousand in September of 2018.
Exports in Panama is expected to be 66500.00 PAB Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Panama to stand at 63400.00 in 12 months time. In the long-term, the Panama Exports is projected to trend around 65000.00 PAB Thousand in 2020, according to our econometric models.