Panama's trade deficit widened to PAB 1,213 million in September of 2022 from PAB 941 billion in the same month last year. Exports jumped 14.1 percent to PAB 750 million, while imports surged at a faster 25 percent to PAB 1,288 million. source: Instituto Nacional de Estadística y Censo - Panamá

Balance of Trade in Panama averaged -745661.17 PAB Thousand from 2003 until 2022, reaching an all time high of -164179.00 PAB Thousand in February of 2005 and a record low of -1396284.83 PAB Thousand in August 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 December of 2022.

Balance of Trade in Panama is expected to be -942106.00 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
2022-10-18 02:00 PM Aug PAB-1396M PAB-1142M PAB-928M
2022-11-18 06:00 PM Sep PAB-1213M PAB-1396M PAB -931.8M
2022-12-15 06:00 PM Oct PAB-1213M PAB-935M

Related Last Previous Unit Reference
Balance of Trade -1212770.31 -1396284.83 PAB Thousand Sep 2022
Current Account -292.56 -650.77 PAB Million Mar 2022
Imports 1287807.80 1482134.50 PAB Thousand Sep 2022
Exports 75037.48 85849.69 PAB Thousand Sep 2022
Capital Flows -2618.70 -682.00 PAB Million Mar 2022
Remittances 114059.80 135228.20 PAB Thousand Mar 2022
Foreign Direct Investment 716.08 697.31 USD Million Mar 2022

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
-1212770.31 -1396284.83 -164179.00 -1396284.83 2003 - 2022 PAB Thousand Monthly
Current Prices, NSA