Panama

In 2013, the value of merchandise exports of Panama increased slightly by 2.7 percent to reach 843.9 mln US$, while its merchandise imports increased slightly by 3.2 percent to reach 13.0 bln US$ (see graph 1, table 2 and table 3). The merchandise trade balance recorded a relatively large deficit of 12.2 bln US$ (see graph 1). The largest merchandise trade balance was with MDG Latin America and the Caribbean at -4.6 bln US$ (see graph 4). Merchandise exports in Panama were diversified amongst partners; imports were also diversified. The top 19 partners accounted for 80 percent or more of exports and 11 partners accounted for 80 percent or more of imports (see graph 5). In 2012, the value of exports of services of Panama increased substantially by 22.8 percent, reaching 8.9 bln US$, while its imports of services increased substantially by 14.1 percent and reached 3.9 bln US$ (see graph 2). There was a large trade in services surplus of 5.1 bln US$. See footnote.

Related Subject(s): International Trade and Finance

Countries: Panama