Panama recorded a trade deficit of 2240864 PAB Thousand in May of 2022. source: Instituto Nacional de Estadística y Censo - Panamá

Balance of Trade in Panama averaged -734054.94 PAB Thousand from 2003 until 2022, reaching an all time high of -164179 PAB Thousand in February of 2005 and a record low of -2240864 PAB Thousand in May of 2022. 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 2022.

Balance of Trade in Panama is expected to be -931839.00 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 -983175.00 PAB Thousand in 2023 and -1024243.00 PAB Thousand in 2024, according to our econometric models.

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Panama Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-06-22 06:00 PM Apr PAB-922.684M PAB-991.3M PAB-915M
2022-07-19 03:00 PM May PAB-2,240.1M PAB-922.684M PAB-918M
2022-08-16 06:00 PM Jun PAB-2,240.1M PAB -921.6M

Related Last Previous Unit Reference
Balance of Trade -2240864.00 -922684.00 PAB Thousand May 2022
Current Account -650.73 -521.19 PAB Million Dec 2021
Imports 2599803.00 1198228.00 PAB Thousand May 2022
Exports 358939.00 275544.00 PAB Thousand May 2022
Capital Flows -681.98 -848.76 PAB Million Dec 2021
Remittances 106528.20 107261.30 PAB Thousand Mar 2021
Foreign Direct Investment 453.60 -152.80 USD Million Mar 2021

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.
Actual Previous Highest Lowest Dates Unit Frequency
-2240864.00 -922684.00 -164179.00 -2240864.00 2003 - 2022 PAB Thousand Monthly
Current Prices, NSA