Overview In 2020, Panama was the number 83 economy in the world in terms of GDP (current US$), the number 122 in total exports, the number 63 in total imports,
the number 64 economy in terms of GDP per capita (current US$) and the number 58 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Panama are Copper Ore ($1.05B), Bananas ($370M), Packaged Medicaments ($333M), Passenger and Cargo Ships ($223M), and Refined Petroleum ($187M), exporting mostly to Guatemala ($613M), China ($405M), Netherlands ($299M), South Korea ($249M), and United States ($239M).
Imports The top imports of Panama are Passenger and Cargo Ships ($7.46B), Refined Petroleum ($4.78B), Crude Petroleum ($3.45B), Packaged Medicaments ($911M), and Boat Propellers ($534M), importing mostly from China ($8.8B), United States ($5.43B), Japan ($4.6B), Ecuador ($2.43B), and Colombia ($1.43B).
Location Panama borders Colombia and Costa Rica by land and Colombia and Ecuador by sea.