Panama

U.S. Trade with Panama in 2023

Export Market Rank
#27 Among U.S. Agricultural Export Markets
Total Export Value
$867.51 Million
3-Year Average
$929.1 Million
Compound Average Growth
2.4% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023

Top 10 Exports to Panama in 2023

Commodity Total Value (USD) Total Volume (Metric Tons) 10-Year Average Value (USD) 10-Year Growth
Corn $94.13 Million 330,439 $92.21 Million 12%
Soybean Meal $91.18 Million 175,533 $83.73 Million 11%
Dairy Products $87.44 Million 19,202 $61.97 Million 78%
Wheat $41.26 Million 100,242 $38.12 Million 21%
Baked Goods $39.7 Million 12,467 $35.94 Million 25%
Pork & Pork Products $39.58 Million 13,858 $40.05 Million 44%
Food Preparations $39.4 Million 8,024 $37.45 Million 16%
Poultry Meat & Prods. (excl. eggs) $39.11 Million 19,128 $34.88 Million 43%
Beer $32.25 Million --- $30.08 Million 39%
Processed Vegetables $27.85 Million 17,003 $25.9 Million 25%

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Data and Analysis

Attaché Report (GAIN)

Panama: Food Processing Ingredients Annual

This report provides information to U.S. exporters of agricultural and related products on how to do business with the Food Processing industry in Panama. It is primarily a service – based economy, but food processing is one of its top industries.
Attaché Report (GAIN)

Panama: Exporter Guide

This report provides information to U.S. exporters of agricultural and related products on how to do business in Panama. Panama is an attractive market for exporting U.S. agricultural food products.
Attaché Report (GAIN)

Panama: Agricultural Biotechnology Annual

Although Panama highlighted the use of biotechnology in its Agricultural State Policy Law 352 of 2023, Panama has not yet established the implementing regulations of Law 48 of 2002, which created the National Commission of Biosafety for Genetically...

News and Features

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.
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.