🇵🇦

Export Market

Panama

ISO: PA / PAN

Country Profile

Capital Panama City
Population 4.1M
GDP $86.5B (2024)
GDP per Capita $19,161
Income Level High Income
Currency Panamanian balboa (PAB B/.)
Language Spanish
Timezone UTC-05:00
Region North America · Central America

Trade Partners

Panama Exports To

  • China 25.0%
  • Japan 10.0%
  • USA 6.0%
  • Thailand 5.0%
  • Costa Rica 5.0%

Key exports: copper ore, ships, refined petroleum, bananas, fish (2023)

Panama Imports From

  • USA 15.0%
  • Colombia 13.0%
  • China 13.0%
  • Ecuador 13.0%
  • Japan 11.0%

Key imports: crude petroleum, ships, refined petroleum, nitrogen compounds, cars (2023)

Economic Overview

upper middle-income Central American economy; increasing Chinese trade; US dollar user; canal expansion fueling broader infrastructure investment; services sector dominates economy; historic money-laundering and illegal drug hub

Government: presidential republic

UK Trade Status

FTA in Force

The UK has a free trade agreement with Panama, providing preferential market access for UK exporters.

Geographic Region

Latin America and Caribbean

Export Guidance

Relevant guidance for exporting to Panama.

Start Your Export Journey

Export to the EU after Brexit Start exporting from the UK Manage your export compliance

Also in This Region

🇦🇷 Argentina 🇧🇸 Bahamas FTA 🇧🇧 Barbados FTA 🇧🇿 Belize FTA 🇧🇴 Bolivia 🇧🇷 Brazil 🇨🇱 Chile FTA 🇨🇴 Colombia FTA

Official Resources

Government export support for Panama.

great.gov.uk Market Guide → GOV.UK Country Information →
← Back to All Markets