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U.S. Exports
$578.0M
U.S. Imports
$60.2M
Surplus of $517.7M (net exporter)
The United States imported $60.2M/month and exported $578.0M/month with Panama as of February 2026, covering 208 product categories.
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Panama is a strategic logistics and trade hub in Central America, home to the Panama Canal, which handles a significant share of global maritime trade. The US-Panama Trade Promotion Agreement (TPA), in force since 2012, provides preferential market access for goods and services. Panama's Colón Free Trade Zone is one of the largest free trade zones in the Western Hemisphere, making it a critical transshipment and re-export center.
The US-Panama Trade Promotion Agreement (TPA) entered into force on October 31, 2012, eliminating tariffs on most US goods and providing enhanced protections for services and investment.
The Colón Free Trade Zone is a major re-export hub where goods, including many of US origin, are imported duty-free and re-exported throughout Latin America and the Caribbean.
The Panama Canal is a critical artery for US maritime trade, particularly for shipments between the US Gulf and East Coasts and Asian markets, influencing shipping costs and transit times for a wide range of commodities.
Full import breakdown with all product categories
Full export breakdown with monthly trends
24-month import and export trend charts
EU customs territory, FTA coverage, and tariff treatment for Panama
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Imports
Exports
Annual data from BEA | 2024
Services Exports
$3.4B
Services Imports
$2.8B
| Rank | Product | Import value |
|---|---|---|
| 1 | GOLD, NONMONETARY, UNWROUGHT NESOI | $21.9M |
| 2 | IMPORTS OF ARTICLES EXPORTED & RETURNED, NO CHANGE | $11.3M |
| 3 | ELECTRIC CONDUCTORS FOR VOLTAGE EXCEEDING 1000 V | $6.4M |
| 4 | AC GENERATORS (ALTERNATOR) > 75 KVA BUT =< 375KVA | $3.7M |
| 5 | YELLOWFIN TUNAS EXCEPT FILLETS, LIVERS, ROES FR/CH | $3.0M |
| 6 | FISH, FRESH OR CHILLED, NESOI | $1.5M |
| 7 | BANANAS, FRESH OR DRIED, NESOI | $1.3M |
| 8 | FLOOR, WALL, ETC COVERS, VINYL CHLORIDE POLYMERS | $859K |
| 9 | ESTIMATED IMPORTS OF LOW VALUED TRANSACTIONS | $840K |
| 10 | COPPER WASTE AND SCRAP | $788K |
| Rank | Product | Export value |
|---|---|---|
| 1 | PETROL OIL BITUM MINERAL (NT CRUD) ETC NT BIODIESL | $185.9M |
| 2 | LT OILS, PREPS GT=70% PETROLEUM/BITUM NT BIODIESEL | $58.9M |
| 3 | NATURAL GAS, LIQUEFIED | $33.8M |
| 4 | LOW VALUE EXP SHP; CANADIAN EST LATE RECEIPTS |
| $22.7M |
| 5 | CIVILIAN AIRCRAFT, ENGINES, AND PARTS | $16.6M |
| 6 | PERFUMES AND TOILET WATERS | $15.3M |
| 7 | PORT DIGTL AUTOMATIC DATA PROCESS MACH NOT > 10 KG | $9.2M |
| 8 | WHEAT AND MESLIN, NESOI | $8.8M |
| 9 | PROPANE, LIQUEFIED | $5.7M |
| 10 | WRST WATCH, BATTERY, MECHANICAL DISPLY, BASE METAL | $5.0M |