Panama: Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
In , Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 46.24.
That's up 8.0% from 2022, the highest value on record.
The global average for this indicator in 2023 was 18.45 . Panama ranks #22 globally out of 201 reporting countries. Within Latin America & Caribbean, it ranks #3 of 36.
Source: World Bank Open Data (TX.VAL.MRCH.OR.ZS) • Data as of 2023
Trend (2004–2023)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 46.24
- Trough
- 2.34
- 1-year change
- +8.0%
- 5-year change
- +127.0%
- +17.8% / yr
- 10-year change
- +215.0%
- +12.2% / yr
Historical Data — Last 10 Years
| Year | Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) |
|---|---|
| 46.2405 | |
| 42.8064 | |
| 39.1673 | |
| 30.7190 | |
| 19.8541 | |
| 20.3679 | |
| 20.1274 | |
| 15.1500 | |
| 15.9268 | |
| 18.7390 |
About Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)
Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.
Indicator code: TX.VAL.MRCH.OR.ZS • Category: Trade & Finance
Frequently asked questions
- What was Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023?
- In 2023, Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) was 46.24, according to World Bank Open Data.
- Is Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rising or falling?
- Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) rose 8.0% from 2022 to 2023.
- How does Panama rank globally on Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports)?
- In 2023, Panama ranked #22 out of 201 countries reporting Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports).
- How does Panama's Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) compare to the world average?
- The global average for Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) in 2023 was 18.45, so Panama is above the world average. Within Latin America & Caribbean, it ranks #3 of 36.
- What is Merchandise exports to low- and middle-income economies outside region (% of total merchandise exports) and how is it measured?
- Merchandise exports to low- and middle-income economies outside region are the sum of merchandise exports from the reporting economy to 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 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 Open Data (TX.VAL.MRCH.OR.ZS), CC BY 4.0.