Panama is the 68th largest export economy in the world and the 44th most complex economy according to the Economic Complexity Index (ECI). In 2016, Panama exported $9.9B and imported $9.1B, resulting in a positive trade balance of $801M. In 2016 the GDP of Panama was $55.2B and its GDP per capita was $23k.
The top exports of Panama are Packaged Medicaments ($1.5B), Sulfonamides ($846M), Oxygen Amino Compounds ($810M), Perfumes ($339M) and Rubber Footwear ($316M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Packaged Medicaments ($1.29B), Sulfonamides ($870M), Oxygen Amino Compounds ($758M), Rubber Footwear ($335M) and Perfumes ($291M).
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).