Summary
- Panama → United States
- $444million
- United States → Panama
- $4.6billion
- Panama’s balance
- -$4.2billion
Balance
Panama’s trade balance with the United States
Trade between Panama and the United States grew 3.5-fold since 1995
USD billions (current). Panama’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 0.4
- Imports 4.6
- Balance -4.2
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $322 million | $1.1 billion | -$817 million |
| 1996 | $377 million | $1.2 billion | -$780 million |
| 1997 | $385 million | $1.3 billion | -$898 million |
| 1998 | $321 million | $1.5 billion | -$1.2 billion |
| 1999 | $352 million | $1.6 billion | -$1.2 billion |
| 2000 | $341 million | $1.2 billion | -$906 million |
| 2001 | $340 million | $1.2 billion | -$815 million |
| 2002 | $365 million | $1.3 billion | -$963 million |
| 2003 | $330 million | $1.4 billion | -$1.1 billion |
| 2004 | $340 million | $1.2 billion | -$852 million |
| 2005 | $355 million | $1.3 billion | -$938 million |
| 2006 | $460 million | $2.3 billion | -$1.8 billion |
| 2007 | $522 million | $3.3 billion | -$2.8 billion |
| 2008 | $653 million | $4 billion | -$3.3 billion |
| 2009 | $2.5 billion | $3.2 billion | -$690 million |
| 2010 | $2.1 billion | $3.7 billion | -$1.6 billion |
| 2011 | $3.6 billion | $4.1 billion | -$446 million |
| 2012 | $3.9 billion | $4.9 billion | -$972 million |
| 2013 | $3.5 billion | $5.1 billion | -$1.6 billion |
| 2014 | $2.5 billion | $5 billion | -$2.5 billion |
| 2015 | $1.9 billion | $4.5 billion | -$2.6 billion |
| 2016 | $2.1 billion | $4.3 billion | -$2.2 billion |
| 2017 | $1.5 billion | $4.4 billion | -$2.9 billion |
| 2018 | $2.3 billion | $4.9 billion | -$2.6 billion |
| 2019 | $1.2 billion | $5.1 billion | -$3.9 billion |
| 2020 | $625 million | $3.3 billion | -$2.7 billion |
| 2021 | $341 million | $4.3 billion | -$4 billion |
| 2022 | $361 million | $5.2 billion | -$4.8 billion |
| 2023 | $385 million | $4.5 billion | -$4.2 billion |
| 2024 | $444 million | $4.6 billion | -$4.2 billion |
What they sell each other
What Panama sells to the United States
The top 10 headings in 2024, with their share of the total.
What the United States sells to Panama
The top 10 headings in 2024, with their share of the total.
How it travels
The estimated sea route between Balboa and Los Angeles is 3,027 nautical miles (5,607 km) long: ≈ 7–9 days at sea (at 18 and 14 knots).
It does not cross any major canal or strait.
Sailing estimate without port calls, waiting or transshipment; not a schedule. One main reference port per country: in large countries it does not represent all of its ports.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
The United States was Panama’s 3rd largest trading partner (12% of its trade), and Panama was the United States’ 68th (0.1%).
- The United States in Panama’s trade
- 12.1%
- The United States’ rank among Panama’s partners
- 3rd
- Panama in the United States’ trade
- 0.1%
- Panama’s rank among the United States’ partners
- 68th
Compare with
Other partners of Panama
Other partners of the United States
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.