Imports in Panama

Panama Imports | Economic News & Forecasts

Panama - Imports

Economic momentum is expected to have picked up somewhat in the first quarter, although available indicators suggest growth was still fairly moderate. The monthly economic activity indicator for January-February averaged slightly higher than the readings of the fourth quarter, supported by the shipping- and tourism-related sectors as well as higher electricity production. However, data from the Panama Canal and national ports for March indicates a contraction in shipping volumes in the month, while trade data from the Colón Free Trade Zone also shows both import and re-export activity plunged in the first two months of the year, boding poorly for growth. In more positive news, S&P recently upgraded Panama’s credit rating to BBB+, citing solid growth and sound fiscal management. On the political front, the PRD’s Laurentino Cortizo won the presidential elections, and will take office on 1 July.

Panama - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)26.6  25.8  22.5  20.5  21.9  

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