Key Market Indicators
Imports of electrical equipment in Panama are predicted to drop to around $857 million by 2026. This is a 1.6% decrease from 2021, when imports totalled roughly $942 million. Over the past 21 years, the average annual decrease in imports has been 1.3%. In 2021, Panama ranked 80th in the world for imports of electrical equipment, while Azerbaijan took the 79th spot at $942 million. The top three countries in this ranking are the United States, Germany and Singapore. Panama is expected to see an average yearly increase of 1% in exports of electrical equipment, bringing the total to around $1.28 billion by 2026. In 2021, exports totalled $1.2 billion. Since 2000, the average annual increase for exports has been 1.6%. In 2021, Panama was 53rd in the world for exports of electrical equipment, with Macedonia taking the 52nd spot at $1.2 billion. South Korea, the United States and Germany are the top three countries in this ranking.
