Panama Balance of Trade  2003-2017 | Data | Chart | Calendar | Forecast

Panama recorded a trade deficit of PAB 961.4 million in November of 2016, higher than a PAB 912.4 million shortfall a year ago. Exports rose 3.7 percent year-on-year to PAB 50.46 million, while imports increased at a faster 5.3 percent to PAB 1012 million. Considering the first eleven months of the year, the trade deficit narrowed by 3.6 percent year-on-year to PAB 10.1 billion. Sales decreased 9.1 percent to PAB 0.6 billion, dragged down by cattle (-73.6 percent), leather products (-45.8 percent); fruits, namely pineapple (-36.5 percent) and fuels and lubricants (-13.1 percent). Imports declined at a slower 3.9 percent to PAB 10.6 billion, driven by intermediate goods (-12.9 percent) and capital goods (-2.6 percent) while increased for consumer goods (+0.9 percent). Balance of Trade in Panama averaged -658363.53 PAB Thousand from 2003 until 2016, reaching an all time high of -164179 PAB Thousand in February of 2005 and a record low of -1274300 PAB Thousand in October of 2014.

Panama Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-15 09:00 PM Sep PAB-893.3M PAB-1014M PAB -886.4M
2016-12-15 10:30 PM Oct PAB-1032.2M PAB-893.3M PAB -887.3M
2017-01-16 08:55 PM Nov PAB-961.4M PAB -1032.2M
2017-02-16 09:00 PM Dec PAB-961.4M
2017-03-16 06:10 PM Jan
2017-04-18 06:10 PM Feb




Panama Trade Last Previous Highest Lowest Unit
Balance of Trade -961388.00 -1032188.00 -164179.00 -1274300.00 PAB Thousand [+]
Exports 50463.00 47706.00 181465.14 45420.13 PAB Thousand [+]
Imports 1011852.00 1079894.00 1349156.80 226561.00 PAB Thousand [+]
Current Account -1279.80 -553.40 247.00 -1564.40 PAB Million [+]
Current Account to GDP -6.50 -9.80 14.81 -15.90 percent [+]
Capital Flows 2137.10 944.82 2195.90 -794.50 PAB Million [+]
Remittances 794.00 601.00 794.00 220.00 USD Million [+]
Terrorism Index 0.00 0.00 0.66 0.00 [+]
Foreign Direct Investment 4309.47 3943.23 4309.47 98.44 PAB Million [+]



Panama Balance of Trade Notes

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. This page provides - Panama Balance of Trade - actual values, historical data, forecast, chart, statistics, economic calendar and news. Panama Balance of Trade - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-961388.00 -1032188.00 -164179.00 -1274300.00 2003 - 2016 PAB Thousand Monthly
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