Panama is the 86th largest export economy in the world. In 2016, Panama exported $8.8B and imported $27.8B, resulting in a negative trade balance of $19B. In 2016 the GDP of Panama was $55.2B and its GDP per capita was $23k.
The top exports of Panama are Passenger and Cargo Ships ($860M), Sulfonamides ($846M), Oxygen Amino Compounds ($812M), Packaged Medicaments ($723M) and Refined Petroleum ($329M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Passenger and Cargo Ships ($7.29B), Refined Petroleum ($2.29B), Crude Petroleum ($1.94B), Packaged Medicaments ($1.13B) and Sulfonamides ($864M).
The top export destinations of Panama are the United States ($2.11B), Venezuela ($602M), Ecuador ($595M), Guatemala ($545M) and Japan ($383M). The top import origins are Japan ($5.64B), China ($5.09B), the United States ($3.65B), Colombia ($1.92B) and Singapore ($1.82B).