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Full trade & compliance profile

Panama — Trade & Compliance

Panama's trade profile consolidates its merchandise flow from CEPII BACI, the preferential agreements it has entered from the World Bank, the international cargo conventions it has ratified from the UN Treaty Collection, and its applied tariff, VAT and currency of record from the World Bank, the EU and ISO 4217.

Every figure is shown as its named source records it and dated where the source dates it; trade partners and product codes link to their own pages where logibook profiles them.

18
trade agreements
3
cargo treaties
5.11%
MFN applied tariff

Memberships & standing

Income groupHigh income
DatabookThe Record of Consolidated Knowledge
Panama beyond logistics?
Browse databook

Trade Flow

Top export markets
  1. 1USA13.2%
  2. 2Costa Rica10.2%
  3. 3Denmark6.0%
  4. 4Netherlands5.9%
  5. 5Thailand4.4%
CEPII BACI · 2024
Top import sources
  1. 1China19.9%
  2. 2USA19.6%
  3. 3Ecuador13.0%
  4. 4Japan10.1%
  5. 5Colombia9.7%
CEPII BACI · 2024
Leading export goods (HS2)
  1. 1Ships & boats18.4%
  2. 2Fruits & nuts8.2%
  3. 3Fish & seafood7.8%
  4. 4Mineral fuels & oils7.1%
  5. 5Pearls, precious stones & metals5.5%
CEPII BACI · 2024
Leading import goods (HS2)
  1. 1Mineral fuels & oils39.1%
  2. 2Ships & boats17.1%
  3. 3Machinery & mechanical appliances5.3%
  4. 4Organic chemicals5.1%
  5. 5Electrical machinery4.0%
CEPII BACI · 2024
Fastest-rising export markets
  1. 1USA+7.29pp
  2. 2Costa Rica+6.34pp
  3. 3Netherlands+4.08pp
CEPII BACI · 2024
Declining export markets
  1. 1China−16.07pp
  2. 2Japan−10.09pp
  3. 3Rep. of Korea−4.86pp
CEPII BACI · 2024
Fastest-rising export goods
  1. 1Fruits & nuts+4.55pp
  2. 2Fish & seafood+3.53pp
  3. 3Pharmaceuticals+3.25pp
CEPII BACI · 2024
Declining export goods
  1. 1Ores, slag, ash−44.99pp
CEPII BACI · 2024

Showing the leading partners and product groups by trade share; the full bilateral flow matrix is inCEPII BACI · 2024

Preferential Trade Agreements

United Kingdom - Central America2021
FTA & EIAGoods & Services
Korea, Republic of - Central America2019
FTA & EIAGoods & Services
Mexico - Panama2015
FTA & EIAGoods & Services
EFTA - Central America (Costa Rica and Panama)2014
FTA & EIAGoods & Services
Canada - Panama2013
FTA & EIAGoods & Services
Central American Common Market (CACM) - Accession of Panama2013
CUGoods
Panama - Peru2012
FTA & EIAGoods & Services
United States - Panama2012
FTA & EIAGoods & Services
Panama - Guatemala (Panama - Central America)2009
FTA & EIAGoods & Services
Panama - Honduras (Panama - Central America)2009
FTA & EIAGoods & Services
Panama - Nicaragua (Panama - Central America)2009
FTA & EIAGoods & Services
Panama - Chile2008
FTA & EIAGoods & Services
Panama - Costa Rica (Panama - Central America)2008
FTA & EIAGoods & Services
Panama - Singapore2006
FTA & EIAGoods & Services
Panama - Chinese Taipei2004
FTA & EIAGoods & Services
Panama - El Salvador (Panama - Central America)2003
FTA & EIAGoods & Services
Panama - Dominican Republic1987
PSAGoods
Central American Common Market (CACM)1961
CUGoods
World Bank DTA · 18 trade agreements in force

International Cargo Treaties

  • Convention on the International Maritime Organization. Geneva, 6 March 1948
    Party · 1958176 ratifications
  • Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction. New York, 19 June 2023
    Party · 2024148 ratifications
  • Agreement for the Implementation of the Provisions of the United Nations Convention on the Law of the Sea of 10 December 1982 relating to the Conservation and Management of Straddling Fish Stocks and Highly Migratory Fish Stocks. New York, 4 August 1995
    Party · 2008107 ratifications
UN Treaty Collection · 3 ratified

Fiscal & Tariffs

Currency
PAB
Balboa
ISO numeric 5902 minor units
ISO 4217
MFN applied tariff
5.11%
simple average (2022)
World Bank WDI

Sanctions & restrictive measures

On the UN list
1
UN Security Council Consolidated List
Listed entities includeKOTI CORP

1 entities on UN/EU restrictive-measures listsfull lists: UN Security Council Consolidated List · 2026-04 · EU Consolidated Sanctions List

Key commodities

Top agricultural output
Sugar cane
1.9M t
FAOSTAT · 2024
Top mineral output
copper, mine
330.9K tonnes (metal content)
BGS · 2023
Energy production
Primary energy production
U.S. EIA

Top item per category of 82 commodities trackedfull lists: FAOSTAT · 2026-05 · British Geological Survey · U.S. EIA

All Sources

TradeCountry Trade Facts (CEPII BACI)
etalab-2.0
TradeWorld Bank Deep Trade Agreements (DTA)
cc-by-4.0
Sanctions & complianceUN Treaty Collection — Multilateral Treaties Deposited (MTDSG)
open
fiscalWorld Bank – World Development Indicators (WDI)
cc-by-4.0
fiscalISO 4217 Currency Codes
open
commoditythe British Geological Surveythe British Geological Survey
OGL
Referencelogibook trade-bloc referencelogibook trade-bloc reference
Compiled (public facts)
commoditythe U.S. Energy Information Administrationthe U.S. Energy Information Administration
Public domain (US gov)
commodityFAOSTATFAOSTAT
CC BY 4.0 IGO
Referenceinternational organisation membership recordsinternational organisation membership records
Public (official lists)
Sanctions & compliancethe UN Security Council Consolidated Listthe UN Security Council Consolidated List
UN — open
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