Trade & investment · Latin America & Caribbean · High income
Panama: trade and investment
Exports is 44.4% (2024), 66th of 184 in the world and 7th of 27 in Latin America & Caribbean. Imports is 39.3% (2024), 105th of 184 in the world and 13th of 27 in Latin America & Caribbean. Trade openness is 83.7% (2024), 89th of 184 in the world and 11th of 27 in Latin America & Caribbean.
13 indicators
Trade & investment: Panama in detail
Latest reported value, world rank and rank within Latin America & Caribbean; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ExportsExports of goods and services, % of GDP | 44.4%2024 | 66/184 | 7/27 | 69.0% | 70.0% | 36.3% | −10.5 ppsince 2014 | 26.1% | 31.7% | 29.5% | |
| ImportsImports of goods and services, % of GDP | 39.3%2024 | 105/184 | 13/27 | 70.2% | 75.4% | 32.4% | −20.8 ppsince 2014 | 26.4% | 30.8% | 28.5% | |
| Trade opennessTrade, % of GDP | 83.7%2024 | 89/184 | 11/27 | 139.2% | 145.4% | 68.7% | −31.3 ppsince 2014 | 49.1% | 60.5% | 68.5% | |
| Current accountCurrent account balance, % of GDP | -0.2%2025 | 77/185 | 11/35 | -5.8% | -10.3% | 0.2% | +8.5 ppsince 2015 | — | — | — | |
| Merchandise exportsMerchandise exports, current US$ | $11.9bn2025 | 97/206 | 13/39 | $859m | $11.0bn | $9.5bn | +4.9%since 2015 | $1.7tn | $17.5tn | $26.4tn | |
| High-tech exportsHigh-technology exports, % of manufactured exports | 1.8%2024 | 135/170 | 27/32 | · | 0.8% | 0.7% | +1.6 ppsince 2014 | 13.1% | 25.8% | 24.7% | |
| Fuel exportsFuel exports, % of merchandise exports | 0.9%2025 | 125/172 | 20/32 | 6.9% | 0.3% | 0.4% | +0.8 ppsince 2015 | 8.8% | 10.4% | 9.5% | |
| Food exportsFood exports, % of merchandise exports | 49.6%2025 | 30/172 | 12/32 | 76.5% | 65.4% | 52.2% | −19.7 ppsince 2015 | 23.6% | 8.8% | 9.0% | |
| Average tariffApplied tariff rate, weighted mean, all products | 5.9%2022 | 72/184 | 21/35 | 7.2% | 6.9% | 5.8% | −0.2 ppsince 2012 | — | — | — | |
| FDI inflowsForeign direct investment, net inflows, % of GDP | 1.0%2025 | 139/197 | 30/38 | 6.9% | 8.4% | -2.9% | −8.1 ppsince 2015 | 2.8% | 1.5% | 1.4% | |
| RemittancesPersonal remittances received, % of GDP | 0.7%2025 | 132/178 | 29/35 | 0.1% | 1.4% | 0.7% | −0.3 ppsince 2015 | 2.4% | 0.3% | 0.8% | |
| Tourist arrivalsInternational tourist arrivals | 647,0002020 | 114/196 | 25/41 | 600,000 | 1.7m | 647,000 | −63%since 2010 | 202m | 1.5bn | 2.4bn | |
| Tourism receiptsInternational tourism receipts, current US$ | $1.8bn2020 | 52/177 | 6/36 | $628m | $2.6bn | $1.8bn | −30%since 2010 | $105bn | $1.2tn | $1.9tn |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
neighbours
Panama and its neighbours
Countries sharing a land border with Panama. Latest values since 2005; the highest in each row is marked.
| Indicator | Panama | United States | Colombia | Costa Rica |
|---|---|---|---|---|
| Exports | 44.4%2024 | 11.0%2024 | 15.0%2025 | 38.8%2025 |
| Imports | 39.3%2024 | 14.0%2024 | 20.4%2025 | 32.6%2025 |
| Trade openness | 83.7%2024 | 25.0%2024 | 35.4%2025 | 71.5%2025 |
| Current account | -0.2%2025 | -3.8%2025 | -2.4%2025 | -0.5%2025 |
| Merchandise exports | $11.9bn2025 | $2.2tn2025 | $50.1bn2025 | $26.4bn2025 |
| High-tech exports | 1.8%2024 | 24.3%2024 | 9.0%2024 | 22.9%2024 |
| Fuel exports | 0.9%2025 | 17.3%2025 | 34.9%2025 | 0.0%2024 |
| Food exports | 49.6%2025 | 9.0%2025 | 25.4%2025 | 32.3%2024 |
| Average tariff | 5.9%2022 | 1.5%2022 | 2.8%2022 | 1.3%2022 |