Panama
U.S. Trade with Panama in 2024
Export Market Rank
#24 Among U.S. Agricultural Export Markets
Total Export Value
$956.83 Million
3-Year Average
$937.79 Million
Compound Average Growth
3.6% (2015-2024)
Total Export Value 2015 - 2024
Export Value by Commodity 2024
Top 10 Exports to Panama in 2024
| Commodity | Total Value (USD) | Total Volume (Metric Tons) | 10-Year Average Value (USD) | 10-Year Growth |
|---|---|---|---|---|
| Corn | $115.02 Million | 486,968 | $95.3 Million | 84% |
| Dairy Products | $98.37 Million | 22,645 | $66.96 Million | 148% |
| Soybean Meal | $88.91 Million | 223,430 | $84.79 Million | 12% |
| Pork & Pork Products | $67.92 Million | 21,504 | $44.1 Million | 118% |
| Rice | $53.55 Million | 110,954 | $22.26 Million | 54% |
| Food Preparations | $42.94 Million | 8,911 | $38.33 Million | 19% |
| Poultry Meat & Prods. (excl. eggs) | $38.09 Million | 18,378 | $35.96 Million | 27% |
| Baked Goods | $36.32 Million | 12,459 | $36.4 Million | 4% |
| Wheat | $35.75 Million | 110,147 | $38.3 Million | -0% |
| Beer | $32.44 Million | --- | $29.83 Million | 30% |
Data and Analysis
On July 31, President Mulino signed Executive Decree 14, which declares rice as a national security crop and shields Panama's rice producers from international competition.
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.
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.
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...