Panama - Merchandise imports from high-income economies (% of total merchandise imports)

Merchandise imports from high-income economies (% of total merchandise imports) in Panama was 54.63 as of 2020. Its highest value over the past 60 years was 83.55 in 1960, while its lowest value was 39.66 in 2012.

Definition: Merchandise imports from high-income economies are the sum of merchandise imports by the reporting economy from high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1960 83.55
1961 83.42
1962 70.88
1963 66.00
1964 63.55
1965 63.61
1966 62.02
1967 62.31
1968 61.19
1969 61.39
1970 63.45
1971 62.23
1972 62.21
1973 59.76
1974 54.72
1975 60.50
1976 57.75
1977 57.15
1978 55.97
1979 60.83
1980 71.90
1981 65.04
1982 57.04
1983 54.14
1984 55.34
1985 57.64
1986 62.80
1987 61.17
1988 59.74
1989 59.06
1990 53.25
1991 58.75
1992 59.53
1993 59.90
1994 62.52
1995 61.68
1996 67.68
1997 59.41
1998 64.02
1999 60.72
2000 68.11
2001 59.83
2002 63.37
2003 65.60
2004 57.56
2005 55.02
2006 54.52
2007 60.52
2008 62.53
2009 61.08
2010 60.70
2011 58.79
2012 39.66
2013 43.43
2014 46.60
2015 47.64
2016 46.33
2017 44.83
2018 43.14
2019 57.54
2020 54.63

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Imports