Panama Customs Status & U.S. Trade Treatment

At a glance

U.S. trade agreement

U.S.–Panama Trade Promotion Agreement

Average duty rate, August 2026

0.76%

Duty on U.S. imports

$684K

U.S. imports / exports

$90.1M / $904.4M a month

Agreements per the U.S. Trade Representative; customs territory per the European Commission. Duty is what the Census Bureau calculates for the month, not what was paid; a product's rate can differ widely from the country average.

Top U.S. imports from Panama

These 5 make up 67% of U.S. imports from Panama in the latest month.

1. US-Origin Articles Exported & Returned Without Advancement HS 980100$26.5M
2. Nonmonetary Gold, Unwrought (Non-Powder) HS 710812$16.0M
3. Insulated Electric Conductors for Voltage Exceeding 1,000 V HS 854460$9.8M
4. Bananas, Fresh or Dried (Not Elsewhere Specified) HS 080390$4.1M
5. Gold Waste and Scrap (Excluding Sweepings Containing Other Precious Metals) HS 711291$4.0M

Top U.S. exports to Panama

These 5 make up 63% of U.S. exports to Panama in the latest month.

1. Petroleum Oils & Bituminous Mineral Oils (Non-Crude, Non-Biodiesel) HS 271019$274.2M
2. Light Petroleum Oils & Preparations (Not Containing Biodiesel) HS 271012$204.8M
3. Low-Value Export Shipments & Canadian Estimated Late Receipts HS 988000$37.6M
4. Corn (Maize), Other Than Seed Corn HS 100590$27.3M
5. Civilian Aircraft, Engines, Equipment, and Parts HS 880000$24.3M

Trade overview

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.