Panama is the 83rd largest export economy in the world. In 2016, Panama exported $25.4B and imported $74.6B, resulting in a negative trade balance of $49.1B. In 2016 the GDP of Panama was $55.2B and its GDP per capita was $23k.
The top exports of Panama are Packaged Medicaments ($1.53B), Passenger and Cargo Ships ($855M), Sulfonamides ($846M), Oxygen Amino Compounds ($812M) and Refined Petroleum ($372M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Passenger and Cargo Ships ($7.29B), Refined Petroleum ($3.95B), Unspecified ($3.61B), Crude Petroleum ($1.95B) and Packaged Medicaments ($1.5B).
The top export destinations of Panama are the United States ($2.31B), Colombia ($1.06B), Costa Rica ($752M), Venezuela ($602M) and the Dominican Republic ($541M). The top import origins are China ($6.34B), the United States ($6.12B), Japan ($5.66B), Singapore ($4.91B) and Colombia ($1.91B).