Panama is the 119th largest export economy in the world and the 56th most complex economy according to the Economic Complexity Index (ECI). In 2017, Panama exported $3.06B and imported $24.8B, resulting in a negative trade balance of $21.7B. In 2017 the GDP of Panama was $62.3B and its GDP per capita was $24.5k.
The top exports of Panama are Refined Petroleum ($633M), Coal Tar Oil ($304M), Bananas ($300M), Passenger and Cargo Ships ($157M) and Petroleum Gas ($147M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($5.42B), Crude Petroleum ($2.75B), Passenger and Cargo Ships ($1.38B), Packaged Medicaments ($775M) and Oxygen Amino Compounds ($684M).
The top export destinations of Panama are Ecuador ($848M), the Netherlands ($299M), the United States ($249M), South Korea ($132M) and Mexico ($103M). The top import origins are China ($5.96B), the United States ($4.65B), Colombia ($2.58B), South Korea ($1.64B) and Singapore ($1.39B).