Overview: This page contains the latest international trade data for Panama, including service trade data, and tariffs. In 2018 Panama was the number 75 economy in the world in terms of GDP (current US$), the number 119 in total exports, the number 67 in total imports, and the number 61 most complex economy according to the Economic Complexity Index (ECI). In 2018, Panama exported $3.97B and imported $29.5B, resulting in a negative trade balance of -$25.5B. In 2018, Panama's exports per capita were $950 and its imports per capita were $7.07k.
Trade: The top exports of Panama are Refined Petroleum ($769M), Coal Tar Oil ($497M), Passenger and Cargo Ships ($424M), Bananas ($304M), and Gold ($248M). The top imports of Panama are Refined Petroleum ($5.62B), Crude Petroleum ($3.59B), Passenger and Cargo Ships ($1.9B), Special Purpose Ships ($1.3B), and Oxygen Amino Compounds ($941M).
Destinations: Panama exports mostly to Ecuador ($1.06B), Netherlands ($290M), United States ($256M), Costa Rica ($219M), and Cyprus ($177M), and imports mostly from China ($6.42B), United States ($5.08B), Colombia ($3.07B), South Korea ($2.01B), and Brazil ($1.91B).
Location: Panama borders Colombia and Costa Rica by land and Colombia and Ecuador by sea.