Overview In 2019 Panama was the number 74 economy in the world in terms of GDP (current US$), the number 115 in total exports, the number 60 in total imports,
the number 56 economy in terms of GDP per capita (current US$) and the number 58 most complex economy according to the Economic Complexity Index (ECI).
Exports The top exports of Panama are Refined Petroleum ($800M), Copper Ore ($538M), Bananas ($350M), Passenger and Cargo Ships ($302M), and Coal Tar Oil ($288M), exporting mostly to Ecuador ($975M), Guatemala ($667M), China ($410M), United States ($308M), and Netherlands ($280M).
Imports The top imports of Panama are Passenger and Cargo Ships ($7.94B), Refined Petroleum ($6.13B), Crude Petroleum ($4.24B), Special Purpose Ships ($1.47B), and Packaged Medicaments ($934M), importing mostly from China ($7.95B), United States ($7.2B), Japan ($6.09B), Colombia ($2.35B), and Ecuador ($1.92B).
Location Panama borders Colombia and Costa Rica by land and Colombia and Ecuador by sea.