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Geographical trade map outline of Panama
National flag of PanamaPA

Panama South America

International Trade Statistics & Market Analysis • 2024

Imports

2024
Total Value$33.9B
Top Imports From
China
Top ProductOther medicaments of mixed or unmixed products,

Exports

2024
Total Value$3.3B
Top Exports To
Panama
Top ProductFrozen shrimps and prawns
Overview
Buyers
Suppliers
Bill of Lading Data
All Products

Countries Panama Imports From

CountryValueShare
ChinaChina
$10,459,908,580
30.9%
Other
$4,541,733,110
13.4%
JapanJapan
$4,541,348,340
13.4%
United StatesUnited States
$3,897,540,170
11.5%
SpainSpain
$2,124,915,110
6.3%
South KoreaSouth Korea
$1,342,718,520
4%
MexicoMexico
$713,445,250
2.1%
Costa RicaCosta Rica
$536,976,120
1.6%
GermanyGermany
$521,476,050
1.5%
ItalyItaly
$428,612,840
1.3%
FranceFrance
$388,176,890
1.1%
ThailandThailand
$359,082,630
1.1%
BrazilBrazil
$321,870,170
1%
ColombiaColombia
$313,381,900
0.9%
TurkeyTurkey
$283,807,440
0.8%
GuatemalaGuatemala
$257,827,900
0.8%
IndiaIndia
$255,545,120
0.8%
SwitzerlandSwitzerland
$229,232,350
0.7%
United KingdomUnited Kingdom
$220,440,850
0.7%
Hong KongHong Kong
$208,113,190
0.6%
Total$33,858,495,510

Geographical Sourcing & Origin AnalysisOrigins

This dataset identifies the primary nations supplying Panama. In 2024 the total import value reached$33,858,495,510.China emerged as the leading supplier, contributing30.9%to the sourcing mix across all 106 origins.

Products Panama Imports

HS CodeProductValueShare
Visual category for product Other medicaments of mixed or unmixed products,300490Other medicaments of mixed or unmixed products,$748,799,500
6.3%
Visual category for product Automobiles with reciprocating piston engine di870322Automobiles with reciprocating piston engine di$327,228,360
2.8%
Visual category for product Automobiles with reciprocating piston engine di870323Automobiles with reciprocating piston engine di$221,711,000
1.9%
Visual category for product Other food preparations, nes210690Other food preparations, nes$205,689,820
1.7%
Visual category for product Transmission apparatus, for radioteleph incorpo852520Transmission apparatus, for radioteleph incorpo$184,712,670
1.6%
Visual category for product Automobiles with diesel engine displacing more870332Automobiles with diesel engine displacing more$136,434,950
1.1%
Visual category for product Automobiles nes including gas turbine powered870390Automobiles nes including gas turbine powered$133,268,490
1.1%
Visual category for product Butanes, liquefied271113Butanes, liquefied$131,089,280
1.1%
Visual category for product Maize (excl. seed)100590Maize (excl. seed)$127,441,800
1.1%
Visual category for product Photosensitive semiconductor devices,photovolta854140Photosensitive semiconductor devices,photovolta$118,865,150
1%
Visual category for product Electric conductors, for a voltage not exceedin854449Electric conductors, for a voltage not exceedin$113,868,270
1%
Visual category for product Other articles of plastics, nes392690Other articles of plastics, nes$99,302,100
0.8%
Visual category for product Other preparations of a kind used in animal fee230990Other preparations of a kind used in animal fee$94,470,940
0.8%
Visual category for product Other bread, etc, nes; communion wafers, rice p190590Other bread, etc, nes; communion wafers, rice p$87,916,240
0.7%
Visual category for product Dog or cat food, put up for retail sale230910Dog or cat food, put up for retail sale$87,488,770
0.7%
Visual category for product Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et721420Bars&rods,i/nas,hr,hd or he,cntg indent,ribs,et$85,532,850
0.7%
Visual category for product Waters (incl. mineral and aerated), with added220210Waters (incl. mineral and aerated), with added$84,015,540
0.7%
Visual category for product Instruments and appliances used in medical or v901890Instruments and appliances used in medical or v$82,982,780
0.7%
Visual category for product Television receivers including video monitors a852810Television receivers including video monitors a$82,337,420
0.7%
Visual category for product Storage units, whether or not presented with th847193Storage units, whether or not presented with th$78,785,960
0.7%
Total$11,881,799,310

Product Category BreakdownImports

Classified by HS Codes, these statistics reveal the industrial components commodities entering Panama. The most significant import category is Other medicaments of mixed or unmixed products, representing a 6.3% share of the 3416 major product groups tracked in our database.

Countries Panama Exports To

CountryValueShare
PanamaPanama
$646,247,040
19.8%
Other
$480,324,300
14.7%
DenmarkDenmark
$222,703,780
6.8%
Costa RicaCosta Rica
$210,039,850
6.4%
United StatesUnited States
$138,569,200
4.2%
South KoreaSouth Korea
$124,229,120
3.8%
ThailandThailand
$120,785,230
3.7%
GuatemalaGuatemala
$103,000,910
3.2%
DominicanDominican
$70,971,160
2.2%
NetherlandsNetherlands
$63,511,850
1.9%
JapanJapan
$62,640,580
1.9%
IndiaIndia
$55,664,490
1.7%
NorwayNorway
$55,533,940
1.7%
EcuadorEcuador
$52,513,880
1.6%
PeruPeru
$50,052,230
1.5%
ChinaChina
$47,632,100
1.5%
CzechCzech
$45,653,350
1.4%
BarbadosBarbados
$42,962,920
1.3%
ItalyItaly
$42,731,150
1.3%
ChileChile
$41,647,680
1.3%
Total$3,268,654,870

Global Destination MarketsTrade Routes

An analysis of Panama export footprint, which saw a total outbound value of$3,268,654,870 in 2024.Panama remains the primary bilateral partner, accounting for19.8% of outbound supply channels.

Products Panama Exports

HS CodeProductValueShare
Visual category for product Frozen shrimps and prawns030613Frozen shrimps and prawns$104,477,950
10.2%
Visual category for product Fish fats, oils and fractions (excl. fish liver150420Fish fats, oils and fractions (excl. fish liver$49,923,830
4.9%
Visual category for product Other medicaments of mixed or unmixed products,300490Other medicaments of mixed or unmixed products,$48,869,850
4.8%
Visual category for product Raw cane sugar, in solid form170111Raw cane sugar, in solid form$47,467,470
4.6%
Visual category for product Waste and scrap, cast iron720410Waste and scrap, cast iron$47,336,600
4.6%
Visual category for product Fresh or chilled fish, nes030269Fresh or chilled fish, nes$47,063,370
4.6%
Visual category for product Crude palm oil151110Crude palm oil$46,520,010
4.5%
Visual category for product Flours, meals and pellets of fish, etc, unfit f230120Flours, meals and pellets of fish, etc, unfit f$36,191,720
3.5%
Visual category for product Gold in oth semi-manufactured forms,non-monetar710813Gold in oth semi-manufactured forms,non-monetar$34,468,970
3.4%
Visual category for product Wood, nes in the rough..., (excl. treated)440399Wood, nes in the rough..., (excl. treated)$32,692,510
3.2%
Visual category for product Rum and tafia220840Rum and tafia$30,421,790
3%
Visual category for product Waste&scrap of gold,incl mtl clad w gold,excl s711210Waste&scrap of gold,incl mtl clad w gold,excl s$27,961,790
2.7%
Visual category for product Roasted, decaffeinated coffee090122Roasted, decaffeinated coffee$26,955,580
2.6%
Visual category for product Melons and watermelons, fresh080710Melons and watermelons, fresh$14,716,600
1.4%
Visual category for product Fresh or chilled yellowfin tunas030232Fresh or chilled yellowfin tunas$13,639,470
1.3%
Visual category for product Frozen boneless bovine meat020230Frozen boneless bovine meat$13,346,320
1.3%
Visual category for product Portland cement (excl. white)252329Portland cement (excl. white)$10,044,440
1%
Visual category for product Frozen fish, nes030379Frozen fish, nes$9,076,390
0.9%
Visual category for product Printed books, brochures, leaflets and similar490199Printed books, brochures, leaflets and similar$8,751,560
0.9%
Visual category for product Structures and parts of structures,i or s730890Structures and parts of structures,i or s$8,246,920
0.8%
Total$1,026,306,170

Production & Manufacturing OutputExports

Identify Panama top-performing manufacturing strengths. The dominant export sector is Frozen shrimps and prawns which contributes10.2% to the nation's overall output across1561 active export sectors.

Panama Trade Performance Analysis

Economic Indicators & Market Flow • 2024

ID: PA-2024-STAT

Based on 2024 trade records,Panama maintains a robust commercial profile within South America. The nation's trade architecture is heavily influenced by its export strength toPanama, which represents 19.8% of its outbound market share across 124 destinations.

On the supply side, Panama's industrial and consumer demand is largely met by imports from China, which accounts for approximately30.9% of its 106 trade origins. The integration of Other medicaments of mixed or unmixed products, into the local economy highlights a strategic dependency on specific global value chains, representing 6.3% of total imports across 3416 commodities.

The primary export for Panama is Frozen shrimps and prawns, which accounts for roughly 10.2% of overall exports across 1561 product categories.

Market Dominance In Imports

30.9%from China

Primary Import

HS-300490

Other medicaments of mixed or unmixed products,

Market Dominance In Exports

19.8%to Panama

Primary Export

HS-030613

Frozen shrimps and prawns

Bilateral Integration

Panama integration accounts for $37,127,150,380 annual value.

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