Panama
U.S. Trade with Panama in 2022
Export Market Rank
#31 Among U.S. Agricultural Export Markets
Total Export Value
$1.01 Billion
3-Year Average
$881 Million
Compound Average Growth
4.1% (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 | $111.59 Million | 23,887 | $58.25 Million | 122% |
| Corn | $108.54 Million | 354,871 | $88.68 Million | 85% |
| Beer | $71 Million | --- | $28.9 Million | 247% |
| Wheat | $62.26 Million | 139,899 | $38.23 Million | 47% |
| Pork & Pork Products | $48.36 Million | 15,250 | $39.05 Million | 64% |
| Poultry Meat & Prods. (excl. eggs) | $40.83 Million | 17,884 | $33.53 Million | 60% |
| Baked Goods | $39.95 Million | 12,510 | $34.78 Million | 42% |
| Food Preparations | $38.86 Million | 7,600 | $36.53 Million | 29% |
| Dog & Cat Food | $28.25 Million | 14,835 | $14.42 Million | 358% |
Data and Analysis
This report provides information to U.S. exporters of agricultural and related products on how to do business with the retail food sector in Panama. In 2023, the retail sector in Panama remains competitive, where the industry is more agile and innovative to better serve its customers.
New changes to Panama's import requirements reflected in this report are for fresh potatoes, poultry products, and sanitary registrations for pet food, raw materials, ingredients and additives.
Panama recognizes the certificates and standards of the U.S. regulatory and sanitary inspection system, based on the United States – Panama Agreement regarding certain sanitary and phytosanitary measures and technical standards affecting trade in agricultural products, of December 20, 2006, simplifying requirements for the importation of U.S. food and feed products.
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.