Panama - Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports)

Merchandise imports from low- and middle-income economies outside region (% of total merchandise imports) in Panama was 45.31 as of 2020. Its highest value over the past 60 years was 45.31 in 2020, while its lowest value was 2.14 in 1961.

Definition: Merchandise imports from low- and middle-income economies outside region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in other World Bank regions 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 3.45
1961 2.14
1962 7.50
1963 4.39
1964 7.31
1965 4.75
1966 4.27
1967 4.12
1968 5.03
1969 5.64
1970 5.67
1971 6.91
1972 10.61
1973 19.63
1974 25.29
1975 23.01
1976 25.47
1977 24.48
1978 26.01
1979 23.29
1980 10.34
1981 16.47
1982 21.97
1983 24.16
1984 22.67
1985 22.09
1986 18.46
1987 21.18
1988 22.97
1989 17.76
1990 23.22
1991 17.64
1992 17.70
1993 17.39
1994 17.26
1995 19.19
1996 22.85
1997 22.03
1998 18.55
1999 22.37
2000 26.93
2001 32.55
2002 29.58
2003 27.88
2004 30.13
2005 29.18
2006 31.56
2007 29.56
2008 35.63
2009 38.01
2010 38.63
2011 40.66
2012 28.66
2013 28.52
2014 27.25
2015 31.27
2016 33.01
2017 33.36
2018 33.25
2019 42.42
2020 45.31

Development Relevance: Although global integration has increased, low- and middle-income economies still face trade barriers when accessing other markets.

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