Panama - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Panama was 49.27 as of 2020. Its highest value over the past 60 years was 99.53 in 1961, while its lowest value was 49.27 in 2020.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports 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 98.97
1961 99.53
1962 86.46
1963 94.10
1964 93.58
1965 97.13
1966 94.51
1967 97.03
1968 96.67
1969 93.03
1970 93.71
1971 88.84
1972 92.84
1973 89.28
1974 88.01
1975 86.99
1976 81.92
1977 76.39
1978 73.18
1979 75.23
1980 64.84
1981 70.50
1982 58.23
1983 68.82
1984 78.93
1985 81.71
1986 81.57
1987 82.74
1988 73.47
1989 70.26
1990 73.11
1991 69.78
1992 75.83
1993 72.49
1994 70.34
1995 64.08
1996 64.57
1997 70.22
1998 70.49
1999 68.53
2000 72.88
2001 71.89
2002 74.08
2003 79.55
2004 77.57
2005 75.51
2006 75.46
2007 74.75
2008 75.32
2009 74.39
2010 70.71
2011 67.86
2012 67.49
2013 62.89
2014 57.96
2015 57.63
2016 61.42
2017 57.76
2018 56.54
2019 56.05
2020 49.27

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. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to 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: Exports