Panama
U.S. Trade with Panama in 2022
Export Market Rank
#30 Among U.S. Agricultural Export Markets
Total Export Value
$1.03 Billion
3-Year Average
$889.68 Million
Compound Average Growth
4.3% (2013-2022)
Total Export Value 2013 - 2022
Export Value by Commodity 2022
Top 10 Exports to Panama in 2022
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $113.06 Million | 225,804 | $84.52 Million | 14% |
| Dairy Products | $112.51 Million | 24,136 | $58.32 Million | 124% |
| Corn | $108.54 Million | 354,871 | $88.68 Million | 85% |
| Beer | $93.69 Million | --- | $31.48 Million | 358% |
| Wheat | $62.26 Million | 139,899 | $38.23 Million | 47% |
| Pork & Pork Products | $48.23 Million | 15,179 | $39.03 Million | 63% |
| Poultry Meat & Prods. (excl. eggs) | $40.37 Million | 17,608 | $33.48 Million | 58% |
| Baked Goods | $40 Million | 12,527 | $34.79 Million | 42% |
| Food Preparations | $38.86 Million | 7,600 | $36.53 Million | 29% |
| Dog & Cat Food | $28.24 Million | 14,836 | $14.42 Million | 358% |
Data and Analysis
Attaché Report (GAIN)
Panama: Panama One of Two New Billion Dollar Markets for US Food and Agricultural Exports
Exports of U.S. food and agricultural products to Panama reached $1.03 billion in 2022, making it the United States’ 33rd largest export market and 6th largest market in Latin America for consumer-oriented products.
Attaché Report (GAIN)
Panama: Panama One of Two New Billion Dollar Markets for US Food and Agricultural Exports
Exports of U.S. food and agricultural products to Panama reached $1.03 billion in 2022, making it the United States’ 33rd largest export market and 6th largest market in Latin America for consumer-oriented products.
International Agricultural Trade Report
Opportunities for U.S. Consumer-Oriented Products in CAFTA-DR and Panama
The Dominican Republic-Central America Free Trade Agreement (CAFTA-DR)[1] region and Panama combine to represent the seventh-largest market for U.S consumer-oriented products, totaling $3.7 billion in 2022.
News and Features
March 20, 2023
News Release
USDA Trade and Foreign Agricultural Affairs Under Secretary Taylor Kicks Off Central America-Dominican Republic Trade Mission to Panama
USDA's Under Secretary for Trade and Foreign Agricultural Affairs Alexis Taylor arrived in Panama City today to launch an agribusiness trade mission. Taylor and a delegation of representatives from agribusiness and farm organizations and state departments of agriculture look to develop stronger ties and build economic partnerships between the United States and Panama and markets throughout CAFTA-DR region.
March 7, 2023
News Release
Trade and Foreign Agricultural Affairs Under Secretary to Lead Trade Mission to Panama
USDA's Under Secretary for Trade and Foreign Agricultural Affairs Alexis M. Taylor will lead a delegation of 26 agribusinesses and farm organizations to Panama City, Panama, from March 19 to 23.
The U.S. Department of Agriculture’s Foreign Agricultural Service is accepting applications from U.S. exporters for a regional trade mission to Panama from March 19-23, 2023.