Panama Export Data

Panama's Import/Export Overview and Domestic Market Update

Imports & Exports

• Top Trade Partners: Panama's major trading partners include the United States, China, and Colombia, reflecting its strategic location and role as a global trade hub.

• Top 5 Imports: Petroleum products, machinery, vehicles, foodstuffs, and pharmaceuticals, accounting for a significant portion of total imports.

• Top 5 Exports: Gold, refined petroleum, ships, fish, and medical instruments, which together make up a considerable part of total exports.

• Trade Balance: Panama experiences a trade deficit, importing more than it exports, which is typical for countries that serve as re-export centers.

• Trade Policies: Panama maintains a free trade policy, with multiple free trade zones, facilitating international commerce and attracting global trade.

Domestic Market

• Consumer Spending: Consumer spending is robust, driven by a growing middle class and increased economic activity, particularly in urban areas.

• Interest Rates & Inflation: Interest rates in Panama are generally low to moderate, supporting borrowing and investment. Inflation is managed, contributing to economic stability.

• Supply Chain Dynamics: The country benefits from efficient supply chains, leveraging its position as a logistics hub in Central America and the Caribbean.

• Industry Performance: Key industries such as finance, logistics, and tourism are thriving, while agriculture and manufacturing continue to grow, supported by government incentives.

Overall Outlook

Despite global challenges, Panama's economy is resilient, with a strong outlook for continued growth. Its strategic location, robust infrastructure, and diversified economy are key factors in its success.