Browse Data and Analysis

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.

Panamanian consumers continue perceiving U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand of 14.8 % annually.

Panama has approved the imports of GM corn seeds for local production, and has conducted GM mosquitoes and salmon field tests.

According to major economic forecasts, Panama is expected to experience the greatest growth in the region during 2014, at an expected rate of 7.2 %, despite delays in the canal expansion project.