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. Its culturally diverse population, geographical location, and love for American food and culture provide for increasing export opportunities for U.S. high value food and beverage products. In 2020, U.S. agricultural and related products exports to Panama reached an estimated $540 million. The ongoing economic impact of COVID-19 on Panama has been significant, including a serious decline in GDP and the delay of several ambitious public infrastructure plans. The downturn also negatively impacted U.S. food and ag exports to Panama. The expected recovery and the expansion of the services sector will benefit from the country’s emerging role as a regional hub for trade.