Panama

Panama is one of the fastest-growing economies in Latin America and it relies on high-quality U.S farm and food products to meet the needs of its consumers and producers. The United States enjoys a 60-percent market share in Panama, with agricultural exports to the country reaching a record $670 million in 2016.

The U.S.-Panama Trade Promotion Agreement entered into force on October 31, 2012, granting U.S. exporters immediate duty-free treatment on products accounting for more than half of current trade. Tariffs on most remaining agricultural products will be phased out within 15 years. Moreover, the two countries signed a far-reaching agreement on sanitary and phytosanitary (SPS) measures and technical standards that eliminated long-standing regulatory barriers faced by a variety of U.S. products in the Panamanian market.

The new trade agreement, combined with 2014 completion of the Panama Canal expansion project, points to strong future trade and economic growth in Panama.

Data & Analysis

December 1, 2017
LIne graph showing the growth of U.S. ag exports to Panama from 2002-2016. U.S. ag exports to Panama in 2016 reached $670 million.
November 30, 2017
Infographic showing U.S. agricultural exports to Panama in 2016. Total U.S. agricultural exports reached $670 million.
October 12, 2017
This biannual report, published in April and October, report includes data on U.S. and global trade, production, consumption and stocks, as well as analysis of developments affecting world trade...
May 15, 2017
Column chart comparing the change in value of U.S. agricultural exports before and after key trade agreements.