Panama
U.S. Trade with Panama in 2024
Export Market Rank
#24 Among U.S. Agricultural Export Markets
Total Export Value
$966.91 Million
3-Year Average
$941.33 Million
Compound Average Growth
3.7% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Panama in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Corn | $115.02 Million | 486,968 | $95.3 Million | 84% |
| Dairy Products | $97.93 Million | 22,513 | $66.91 Million | 147% |
| Soybean Meal | $96.01 Million | 238,675 | $85.5 Million | 21% |
| Pork & Pork Products | $67.76 Million | 21,393 | $44.08 Million | 118% |
| Rice | $53.88 Million | 110,194 | $22.29 Million | 55% |
| Food Preparations | $42.96 Million | 8,913 | $38.33 Million | 19% |
| Poultry Meat & Prods. (excl. eggs) | $38.01 Million | 18,317 | $35.95 Million | 27% |
| Baked Goods | $36.27 Million | 12,447 | $36.4 Million | 4% |
| Beer | $36.24 Million | --- | $30.25 Million | 45% |
| Wheat | $35.74 Million | 110,111 | $38.29 Million | -0% |
Data and Analysis
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.
On January 14, 2025, the Panamanian Food Agency (APA) and the Ministry of Health of Panama confirmed that the dairy plants registration process has been significantly expedited, resolving a trade barrier created on July 17, 2023.
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 Modified Organisms.
News and Features
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.
WASHINGTON, July 12, 2019—Private exporters reported to the U.S. Department of Agriculture export sales of 104,100 metric tons of corn for delivery to Panama during the 2019/2020 marketing year. The marketing year for corn began Sept. 1. USDA issues...
Contact: press@fas.usda.gov or (202) 720-7115 WASHINGTON, May 31, 2019 – Colombia and Panama are among the fastest-growing markets in the Western Hemisphere for U.S. farm and food products. American exporters seeking to tap that potential will join...