Panama Trade Balance

1964 - 2025 | Monthly | USD mn | CEIC Data

Key information about Panama's Trade Balance

  • Panama's Trade Balance recorded a deficit of 1.1 USD bn in Sep 2025, compared with a deficit of 1.0 USD bn in the previous month
  • Panama's Trade Balance data is updated monthly, available from Jan 1964 to Sep 2025, with an averaged value of -164.5 USD mn
  • The data reached an all-time high of 3.1 USD mn in Apr 1988 and a record low of -1.3 USD bn in Oct 2014
CEIC calculates monthly Trade Balance from monthly Total Exports and monthly Total Imports and converts it into USD. The National Institute of Statistics and Census provides Total Exports and Total Imports in local currency. The International Monetary Fund average market exchange rate is used for currency conversions. Trade Balance prior to January 2000 is sourced from the International Monetary Fund.

Further information about Panama's Trade Balance

  • In the latest reports, Panama's Total Exports reached 83.9 USD mn in Sep 2025, an increase of 2.0% YoY (year-on-year)
  • Total Imports recorded 1.2 USD bn in Sep 2025, an increase of 2.0% YoY (year-on-year)

View Panama's Trade Balance from Jan 1964 to Sep 2025 in the chart:

Panama Trade Balance

What was Panama's Trade Balance in Sep 2025?

Panama's Trade Balance recorded a deficit of 1.1 USD bn in Sep 2025, compared with a deficit of 1.0 USD bn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-1,108.4 Sep 2025 -1,045.2 Aug 2025 -1,274.3 Oct 2014 3.1 Apr 1988 USD mn monthly Jan 1964 - Sep 2025

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -587.1 Oct 2025 monthly Oct 1998 - Oct 2025
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 775.0 Oct 2025 monthly Jan 1991 - Oct 2025
Armenia (USD mn) -449.2 Oct 2025 monthly Nov 1995 - Oct 2025
Australia (USD mn) 2,870.9 Oct 2025 monthly Jul 1971 - Oct 2025
Austria (USD mn) -270.9 Sep 2025 monthly Jan 1957 - Sep 2025
Azerbaijan (USD mn) 536.5 Oct 2025 monthly Jan 2000 - Oct 2025
Bahrain (USD mn) 3,607.2 2024 yearly 1966 - 2024
Bangladesh (USD mn) -1,770.9 Sep 2025 monthly Jul 1986 - Sep 2025
Belarus (USD mn) -224.2 Sep 2025 monthly Jan 2000 - Sep 2025
Belgium (USD mn) 4,412.6 Sep 2025 monthly Jan 1993 - Sep 2025
Bolivia (USD mn) 14.1 Oct 2025 monthly Oct 1994 - Oct 2025
Bosnia and Herzegovina (USD mn) -599.6 Sep 2025 monthly Jan 2000 - Sep 2025
Botswana (USD mn) -143.2 Sep 2025 monthly Jan 2001 - Sep 2025
Brazil (USD mn) 5,841.9 Nov 2025 monthly Jan 1959 - Nov 2025
Brunei (USD mn) 275.8 Sep 2025 monthly Jan 2010 - Sep 2025
Bulgaria (USD mn) -1,177.2 Sep 2025 monthly Jan 1995 - Sep 2025
Cambodia (USD mn) -451.0 May 2025 monthly Jan 2010 - May 2025
Canada (USD mn) -4,583.7 Aug 2025 monthly Jan 1988 - Aug 2025
Chile (USD mn) 1,449.3 Oct 2025 monthly Jan 1968 - Oct 2025
China (USD mn) 111,675.9 Nov 2025 monthly Jan 1992 - Nov 2025
Colombia (USD mn) -1,507.5 Sep 2025 monthly Jan 1958 - Sep 2025
Croatia (USD mn) -1,577.3 Aug 2025 monthly Jan 1993 - Aug 2025
Cyprus (USD mn) -834.2 Sep 2025 monthly Jan 1957 - Sep 2025
Czech Republic (USD mn) 4,024.0 Sep 2025 monthly Jan 1996 - Sep 2025
Denmark (USD mn) 4,740.9 Sep 2025 monthly Jan 1997 - Sep 2025
Ecuador (USD mn) 185.6 Sep 2025 monthly Mar 1992 - Sep 2025
Egypt (USD mn) -3,174.0 Oct 2025 monthly Jan 1957 - Oct 2025
Estonia (USD mn) -342.9 Sep 2025 monthly Jan 1993 - Sep 2025
European Union (USD mn) 18,313.5 Sep 2025 monthly Jan 2002 - Sep 2025
Finland (USD mn) -504.8 Sep 2025 monthly Jan 1992 - Sep 2025
France (USD mn) -7,719.6 Sep 2025 monthly Jan 2000 - Sep 2025
Georgia (USD mn) -775.4 Oct 2025 monthly Jan 1995 - Oct 2025
Germany (USD mn) 17,819.8 Sep 2025 monthly Jan 1957 - Sep 2025
Ghana (USD mn) 49.0 Aug 2025 monthly Mar 2005 - Aug 2025
Greece (USD mn) -3,137.6 Sep 2025 monthly Jan 2002 - Sep 2025
Hong Kong SAR, China (USD mn) -5,138.2 Oct 2025 monthly Jan 1957 - Oct 2025
Hungary (USD mn) 829.8 Oct 2025 monthly Jan 1976 - Oct 2025
Iceland (USD mn) -151.4 Oct 2025 monthly Jan 1957 - Oct 2025
India (USD mn) -41,680.0 Oct 2025 monthly Jan 1957 - Oct 2025
Indonesia (USD mn) 2,393.2 Oct 2025 monthly Jan 1967 - Oct 2025
Iran (USD mn) 43,142.0 2024 yearly 1948 - 2024
Ireland (USD mn) 18,932.9 Sep 2025 monthly Jan 1970 - Sep 2025
Israel (USD mn) -2,779.4 Oct 2025 monthly Jan 1988 - Oct 2025
Italy (USD mn) 5,377.6 Sep 2025 monthly Jan 1993 - Sep 2025
Ivory Coast (USD mn) 403.9 Aug 2025 monthly Jan 1981 - Aug 2025
Japan (USD mn) -27.9 Oct 2025 monthly Apr 1995 - Oct 2025
Jordan (USD mn) -1,199.6 Sep 2025 monthly Jan 1972 - Sep 2025
Kazakhstan (USD mn) 1,465.7 Sep 2025 monthly Sep 1995 - Sep 2025
Kenya (USD mn) -1,175.1 Sep 2025 monthly Oct 1992 - Sep 2025
South Korea (USD mn) 9,735.0 Nov 2025 monthly Jan 1966 - Nov 2025
Kosovo (USD mn) -617.0 Oct 2025 monthly Jan 2003 - Oct 2025
Kuwait (USD mn) 2,272.5 Jun 2025 monthly Jan 1993 - Jun 2025
Kyrgyzstan (USD mn) -818.0 Sep 2025 monthly Jan 2002 - Sep 2025
Laos (USD mn) 418.6 Sep 2025 quarterly Dec 1992 - Sep 2025
Latvia (USD mn) -418.2 Sep 2025 monthly Jan 1995 - Sep 2025
Lebanon (USD mn) -1,230.5 Aug 2025 monthly Jan 1993 - Aug 2025
Lithuania (USD mn) -760.5 Sep 2025 monthly Jan 1999 - Sep 2025
Luxembourg (USD mn) -791.4 Sep 2025 monthly Jan 1988 - Sep 2025
Macau SAR, China (USD mn) -1,239.3 Oct 2025 monthly Jan 1998 - Oct 2025
North Macedonia (USD mn) -393.9 Oct 2025 monthly Dec 1993 - Oct 2025
Malawi (USD mn) -173.1 Jul 2025 monthly Jan 1964 - Jul 2025
Malaysia (USD mn) 4,645.2 Oct 2025 monthly Jan 1990 - Oct 2025
Malta (USD mn) -361.4 Sep 2025 monthly Jan 1960 - Sep 2025
Mauritius (USD mn) -336.9 Sep 2025 monthly Jan 2006 - Sep 2025
Mexico (USD mn) 1,411.4 Oct 2025 monthly Jan 1993 - Oct 2025
Moldova (USD mn) -591.6 Sep 2025 monthly Jan 1992 - Sep 2025
Mongolia (USD mn) 677.6 Oct 2025 monthly Jan 1997 - Oct 2025
Montenegro (USD mn) -408.7 Oct 2025 monthly Jan 2005 - Oct 2025
Morocco (USD mn) -4,124.6 Oct 2025 monthly Jan 1957 - Oct 2025
Mozambique (USD mn) -85.3 Jun 2025 monthly Jan 2011 - Jun 2025
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,007.4 Sep 2025 monthly Aug 1974 - Sep 2025
Netherlands (USD mn) 14,530.5 Sep 2025 monthly Jan 1996 - Sep 2025
New Zealand (USD mn) -888.7 Oct 2025 monthly Jan 1960 - Oct 2025
Nigeria (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Norway (USD mn) 5,633.2 Oct 2025 monthly Jan 1957 - Oct 2025
Oman (USD mn) -137.8 Sep 2025 monthly Jan 1975 - Sep 2025
Pakistan (USD mn) -3,282.8 Oct 2025 monthly Jan 1968 - Oct 2025
Palestinian Territory (USD mn) -491.1 Sep 2025 monthly Jan 2011 - Sep 2025
Panama (USD mn) -1,108.4 Sep 2025 monthly Jan 1964 - Sep 2025
Paraguay (USD mn) -191.7 Oct 2025 monthly Jan 1994 - Oct 2025
Peru (USD mn) 3,654.0 Sep 2025 monthly Jan 1985 - Sep 2025
Philippines (USD mn) -3,827.8 Oct 2025 monthly Jan 1957 - Oct 2025
Poland (USD mn) -96.2 Sep 2025 monthly Jan 1986 - Sep 2025
Portugal (USD mn) -3,038.3 Sep 2025 monthly Jan 1957 - Sep 2025
Qatar (USD mn) 3,724.7 Oct 2025 monthly Jan 2014 - Oct 2025
Romania (USD mn) -2,915.3 Sep 2025 monthly Aug 1990 - Sep 2025
Russia (USD mn) 15,396.1 Sep 2025 monthly Jan 1998 - Sep 2025
Saudi Arabia (USD mn) 72,543.2 2024 yearly 1957 - 2024
Serbia (USD mn) -806.5 Oct 2025 monthly Jan 2001 - Oct 2025
Singapore (USD mn) 5,573.4 Oct 2025 monthly Jan 1976 - Oct 2025
Slovakia (USD mn) 502.8 Sep 2025 monthly Jan 2004 - Sep 2025
Slovenia (USD mn) -494.3 Oct 2025 monthly Nov 1991 - Oct 2025
South Africa (USD mn) 902.1 Oct 2025 monthly Oct 2004 - Oct 2025
Spain (USD mn) -6,370.4 Sep 2025 monthly Oct 1975 - Sep 2025
Sri Lanka (USD mn) -1,007.4 Oct 2025 monthly Jan 1982 - Oct 2025
Sudan (USD mn) -260.4 Jun 2025 monthly Jan 2003 - Jun 2025
Sweden (USD mn) 159.1 Oct 2025 monthly Jan 1957 - Oct 2025
Switzerland (USD mn) 2,634.2 Oct 2025 monthly Jan 1957 - Oct 2025

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Panama Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 2024 yearly 2003 - 2024
Consolidated Fiscal Balance (USD mn) -6,416.100 2024 yearly 2003 - 2024
Tax Revenue (USD mn) 740.274 Sep 2025 monthly Jan 1995 - Sep 2025
Tax Revenue: % of GDP (%) 8.0 Jun 2025 quarterly Mar 2007 - Jun 2025
National Government Debt (USD mn) 58,832.7 Oct 2025 monthly Jul 2004 - Oct 2025
Government Debt: % of GDP (%) 63.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Forecast: Government Expenditure (PAB bn) 25.641 2030 yearly 1994 - 2030
Forecast: Government Net Debt (PAB bn) 70.554 2030 yearly 1994 - 2030
Forecast: Government Revenue (PAB bn) 23.819 2030 yearly 1994 - 2030
Central Government Revenue: Current Revenue: Tax: Direct: Total (PAB th) 487,361.403 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue: Tax (PAB th) 693,972.524 Dec 2024 monthly Jan 1995 - Dec 2024
Central Government Revenue: Current Revenue (PAB th) 2,942,813.523 Dec 2024 monthly Jan 1995 - Dec 2024
Public Debt: Domestic (USD mn) 9,460.795 Jan 2025 monthly Jul 2004 - Jan 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 7.314 2028 yearly 1980 - 2028
Trade Balance (USD mn) -1,108.4 Sep 2025 monthly Jan 1964 - Sep 2025
Total Exports (USD mn) 83.9 Sep 2025 monthly Jan 2000 - Sep 2025
Total Exports Growth (%) 0.6 Sep 2025 monthly Jan 2001 - Sep 2025
Aluminum: Exports (USD th) 29,822.596 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 295,370.102 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 16,991.392 2024 yearly 1995 - 2024
Total Imports (USD mn) 1,192.3 Sep 2025 monthly Jan 2000 - Sep 2025
Total Imports Growth (%) 2.0 Sep 2025 monthly Jan 2001 - Sep 2025
Imports: Medicament (USD th) 725,843.056 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 233,578.902 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 35.282 Aug 2025 monthly Jan 1970 - Aug 2025
Total Imports from USA (USD mn) 211.345 Aug 2025 monthly Jan 1967 - Aug 2025
Total Exports to China (USD mn) 1,194.503 2022 yearly 1999 - 2022
Total Imports from China (USD mn) 165.039 Aug 2025 monthly Mar 1989 - Aug 2025
Exports: FOB: Banana (PAB th) 19,938.525 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Seafood Products (PAB th) 7,601.984 Dec 2024 monthly Jan 2002 - Dec 2024
Exports: FOB (PAB th) 84,431.775 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Prawn (PAB th) 11,096.530 Dec 2024 monthly Jan 2000 - Dec 2024
Exports: FOB: Asia: Rest of Asia: China (PAB th) 1,072,958.000 2021 yearly 1999 - 2021
Exports: FOB: America: NAFTA: Mexico (PAB th) 30,335.000 2021 yearly 1999 - 2021
Exports: FOB: Waste & Scrap of Steel, Copper & Aluminum (PAB th) 6,147.94 Apr 2018 monthly Jan 2017 - Apr 2018
Exports: FOB: Raw Wood (PAB th) 7,428.13 Apr 2018 monthly Jan 2017 - Apr 2018
Imports: CIF: Asia: Rest of Asia: Taiwan (PAB th) 48,718.000 2021 yearly 1999 - 2021
Export Value Index (2015=100) 115.979 2021 yearly 1981 - 2021
Import Value Index (2015=100) 91.522 2021 yearly 1981 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -1,419.8 Jun 2025 quarterly Mar 2013 - Jun 2025
Current Account Balance (USD mn) 522.5 Jun 2025 quarterly Mar 1998 - Jun 2025
Current Account Balance: % of GDP (%) 2.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Direct Investment (USD mn) -887.1 Jun 2025 quarterly Mar 1998 - Jun 2025
Foreign Direct Investment: % of GDP (%) -4.4 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 2.2 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 0.0 Jun 2025 quarterly Mar 2013 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 434.124 Jun 2025 quarterly Mar 2013 - Jun 2025
External Debt (USD mn) 48,132.1 Oct 2025 monthly Jul 2004 - Oct 2025
External Debt: % of GDP (%) 169.8 2021 yearly 2014 - 2021
External Debt: Short Term (USD mn) 39,768.7 Dec 2021 quarterly Sep 2014 - Dec 2021
External Debt: Short Term: % of GDP (%) 59.9 2021 yearly 1970 - 2021
Forecast: Current Account Balance (USD bn) -3.079 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -76,500.694 Jun 2025 quarterly Mar 2002 - Jun 2025
BoP: Net Errors and Omissions (PAB mn) -2,237.755 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods (PAB mn) -1,502.437 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Debit (PAB mn) -2,297.497 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financial Account (FA) (PAB mn) 1,446.866 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Debit (PAB mn) 0.000 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Credit (PAB mn) 4,331.072 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Assets (PAB mn) 924.830 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account: Credit (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services (PAB mn) 3,683.629 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Financing: Reserve Assets (PAB mn) -5.330 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Goods: Debit (PAB mn) -5,833.509 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Credit (PAB mn) 5,032.566 Sep 2024 quarterly Mar 2013 - Sep 2024
Balance of Payment (BoP): Current Account (CA) (PAB mn) 824.140 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Services: Debit (PAB mn) -1,348.937 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: Capital Account (PAB mn) 2.333 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income (PAB mn) -1,297.490 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: CA: Income: Credit (PAB mn) 1,000.008 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Direct Investment (PAB mn) 674.772 Sep 2024 quarterly Mar 2013 - Sep 2024
BoP: FA: Portfolio Investment: Liabilities (PAB mn) -361.598 Sep 2024 quarterly Mar 2013 - Sep 2024
International Investment Position (IIP) (USD mn) -78,418.321 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Assets (USD mn) 103,227.647 Sep 2024 quarterly Mar 2015 - Sep 2024
IIP: Liabilities (USD mn) 181,645.968 Sep 2024 quarterly Mar 2015 - Sep 2024
Foreign Direct Investment (FDI) (PAB mn) 726.814 Sep 2024 quarterly Mar 2013 - Sep 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.5 Oct 2025 monthly Dec 2008 - Oct 2025
Household Debt: % of GDP (%) 37.7 Jun 2025 quarterly Dec 2007 - Jun 2025
Non-Performing Loans (USD mn) 1,501.738 Oct 2025 monthly Dec 2008 - Oct 2025
Money Supply M1 (USD mn) 9,045.180 Sep 2025 monthly Dec 2002 - Sep 2025
Money Supply M2 (USD mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
M2 Growth (%) 9.7 Sep 2025 monthly Dec 2003 - Sep 2025
Foreign Exchange Reserves (USD mn) 4,972.0 Oct 2025 monthly Oct 1969 - Oct 2025
Foreign Exchange Reserves: % of GDP (%) 4.744 Jun 2025 quarterly Dec 2007 - Jun 2025
Foreign Exchange Reserves: Months of Import (NA) 3.1 Sep 2025 monthly Jan 2000 - Sep 2025
Gold Reserves (USD mn) 0.000 Mar 2024 monthly Sep 1969 - Mar 2024
Total Deposits (USD mn) 115,289.651 Oct 2025 monthly Dec 1998 - Oct 2025
Total Deposits Growth (%) 5.9 Oct 2025 monthly Dec 1999 - Oct 2025
Domestic Credit (USD mn) 65,123.3 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 1.6 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 33,838.9 Oct 2025 monthly Oct 2005 - Oct 2025
Total Loans (USD mn) 102,246.063 Oct 2025 monthly Dec 1998 - Oct 2025
Total Loans Growth (%) 5.29 Oct 2025 monthly Dec 1999 - Oct 2025
Private Debt: % of Nominal GDP (%) 68.25 Jun 2025 quarterly Dec 2007 - Jun 2025
Money Supply: M3 (PAB mn) 45,621.300 Sep 2025 monthly Dec 2002 - Sep 2025
LC: National Banking System: Private Sector: Mortgage (PAB mn) 21,436.337 Oct 2025 monthly Dec 2002 - Oct 2025

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