Key Market Indicators
Panama's importation of electrical equipment is projected to decline over the next five years. By 2028, imports are expected to reach approximately $821 million, down from around $908 million in 2023. This represents an average annual decrease of 1.6%. Historically, the demand for electrical equipment in Panama has been on a downward trend, with an annual decline of 1.8% since 2000. In contrast, Panama's export of electrical equipment is on an upward trajectory. Exports are projected to rise to nearly $1.31 billion by 2028, up from about $1.23 billion in 2023. This growth reflects an average annual increase of 0.9%. Since 2000, the supply of electrical equipment from Panama has seen consistent growth, with an annual increase of 1.3%.
