Browse Data and Analysis

This report offers U.S. exporters of agricultural and related products valuable insights on conducting business in Panama. In 2024, exports of U.S. agricultural and related products to Panama reached approximately $942.6 million.

Prospects for marketing year (MY) 2025/26 oilseed crops in Bulgaria are currently positive due to favorable weather and larger planted area. FAS/Sofia estimates the MY 2025/26 rapeseed crop at 240,000 metric tons (MT) and the sunflower crop at 2.0 million metric tons (MMT).

Prospects for winter grain crops in Bulgaria are currently optimistic due to favorable weather and larger planted area.

Changes to Panama's import requirements reflected in this report are for pork, dairy products, seafood and rice. A new law establishes the inspections and food safety regulations for food products.

Panama recognizes the certificates and standards of the U.S. regulatory and sanitary inspection system, based on the United States – Panama Agreement regarding certain Sanitary and Phytosanitary measures and Technical Standards affecting Trade in Agricultural products, of December 20, 2006, simplifying requirements for the importation of U.S. food and feed products. Panama accepts electronic certificates.

In 2024, Bulgarian imports from the United States were nearly $100 million, slightly lower than in 2023, but still up over 50 percent since 2019. Imports of U.S. products were driven by several product groups such as U.S. beef, tree and ground nuts, food preparations, whiskies, essential oils, and rubber.

Bulgaria’s fish and seafood imports have grown steadily over the past decade, nearly doubling in value over this period. Bulgarian importers are seeking to expand the variety of fish available to consumers, particularly in the mid and high-value categories.

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.

In marketing year (MY) 2024/25, Bulgaria harvested its smallest oilseed crop in 15 years due to hot and dry summer weather negatively impacting yields.

Based on the final official harvest data, the Bulgarian corn crop fell to only 1.5 million metric tons (MMT) in marketing year (MY) 2024/25. This is the smallest corn crop since 2012, and was impacted by intense summer heat and drought followed by adverse rainy weather during the harvest.

Strong demand growth continued in the Bulgarian tree nut market in marketing year (MY) 2023/24. The domestic demand increase was led by both the retail/food service industry and by the confectionary trade.

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.