Panama
U.S. Trade with Panama in 2023
Export Market Rank
#27 Among U.S. Agricultural Export Markets
Total Export Value
$866.89 Million
3-Year Average
$926.04 Million
Compound Average Growth
2.4% (2014-2023)
Total Export Value 2014 - 2023
Export Value by Commodity 2023
Top 10 Exports to Panama in 2023
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Soybean Meal | $94.67 Million | 181,787 | $84.08 Million | 16% |
| Corn | $94.13 Million | 330,439 | $92.21 Million | 12% |
| Dairy Products | $87.97 Million | 19,297 | $62.02 Million | 79% |
| Wheat | $41.26 Million | 100,242 | $38.12 Million | 21% |
| Baked Goods | $39.7 Million | 12,468 | $35.94 Million | 25% |
| Pork & Pork Products | $39.53 Million | 13,843 | $40.05 Million | 44% |
| Food Preparations | $39.4 Million | 8,024 | $37.45 Million | 16% |
| Poultry Meat & Prods. (excl. eggs) | $39.04 Million | 19,078 | $34.88 Million | 43% |
| Beer | $29.08 Million | --- | $28.94 Million | 26% |
| Processed Vegetables | $27.85 Million | 17,001 | $25.9 Million | 25% |
Data and Analysis
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.
This report outlines how U.S. food and agriculture exporters engage with the hotel, restaurant, and institutional (HRI) sector in Panama. This sector plays a vital role in Panama's economy and is driven by international tourism.
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. Important supermarket, hypermarket, and independent specialty food store chains dominates the grocery sector.
News and Features
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.
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...