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%

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Data and Analysis

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.
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

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.

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