Being one of the most important topics of discussion among the trade authorities, the growth rate in the global valuations of exports has been increasing sequentially with a substantial contribution from the different trade firms. For the growing concerns of chronic disease management in Panama along with the rapidly establishing public health and safety sectors, the export market of pharmaceutical goods from Panama has gained a hike in 2024.

The continuous increase in the production rate of pharmaceutical goods in the industrial sectors and the growing global acquisitions from the trade firms of Panama have made the country record an annual pharmaceutical export trade value of 3.5 billion US dollars in 2024. The relentless access of the transportation ports towards the Atlantic and Pacific coasts has facilitated the overall export revenue by providing an easy way to communicate far apart from the busiest ports.

Top 10 Pharmaceutical Goods Exports of Panama in 2024

The severe steps taken by the government firms to develop the trade rates with the leading trade estates have fostered the annual valuation of the pharmaceutical goods exports. According to the Panama Export Data, the top 10 Pharmaceutical goods exports of the nation in 2024 are,

• Medicaments – Export trade value of Medicaments from Panama in 2024 – 2.5 billion US dollars.

• Surgical instruments and appliances – Export trade value of Surgical instruments and appliances from Panama in 2024 – 1.2 billion US dollars.

• Essential oils and resinoids – Export trade value of Essential oils and resinoids from Panama in 2024 –600 million US dollars.

• Pharmaceutical preparations – Export trade value of Pharmaceutical preparations from Panama in 2024 – 400 million US dollars.

• Bandages – Export trade value of Bandages from Panama in 2024 –342 million US dollars.

• X-ray equipment – Export trade value of X-ray equipment from Panama in 2024 – 287 million US dollars.

• Dental fittings – Export trade value of Dental fittings from Panama in 2024 – 176 million US dollars.

• Orthopedic appliances – Export trade value of Orthopedic appliances from Panama in 2024 – 142 million US dollars.

• Vaccines – Export trade value of Vaccines from Panama in 2024 – 125 million US dollars.

• Surgical gloves – Export trade value of Surgical gloves from Panama in 2024 – 110 million US dollars.

Top 10 Export Trade Partners of Panama for Pharmaceutical Goods Exports

The inbuilt trade relationship with the growing trade estates and the categorized pricing strategies adopted by the trade firms have spread up the global pharmaceutical reach of Panama in 2024. According to the Panama Trade Data, the top 10 export trade partners of the nation for pharmaceutical goods exports in 2024 are,

• United States – According to the USA Import Data, valuation of the pharmaceutical goods exported from Panama in 2024 – 2.1 billion US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Analgesics
2. Antibiotics
3. Antifungal
4. Antiviral
5. Vaccines

• Mexico – According to the Mexico Import Data, valuation of the pharmaceutical goods exported from Panama in 2024 – 1.2 billion US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Cardiovascular Drugs
2. Antidiabetics
3. Antihypertensives
4. Antidepressants
5. Antipsychotics

• Costa Rica – According to the Costa Rica Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 589 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Antacids
2. Antiemetics
3. Antihistamines
4. Bronchodilators
5. Corticosteroids

• Colombia – According to the Colombia Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 478 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Contraceptives
2. Diuretics
3. Hormone Replacement Therapies
4. Immunosuppressants
5. Lipid-Lowering Agents

• Guatemala – According to the Guatemala Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 367 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Muscle Relaxants
2. Sedatives
3. Anticoagulants
4. Antiplatelet Agents
5. Thrombolytics

• Dominican Republic – According to the Dominican Republic Import Data, valuation of the pharmaceutical goods exported from Panama in 2024 – 245 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Anticonvulsants
2. Antiparasitics
3. Antimalarials
4. Antituberculosis Agents
5. Antiretrovirals

• Honduras – According to the Honduras Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 187 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Antineoplastics
2. Immunomodulators
3. Enzyme Replacements
4. Ophthalmic Solutions
5. Otic Preparations

• EL Salvador – According to the EL Salvador Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 145 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Dermatological Agents
2. Anesthetics
3. Antiseptics
4. Disinfectants
5. Expectorants

• Nicaragua – According to the Nicaragua Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 109 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Cough Suppressants
2. Decongestants
3. Laxatives
4. Antidiarrheals
5. Probiotics

• Ecuador – According to the Ecuador Import Data, the valuation of the pharmaceutical goods exported from Panama in 2024 – 100 million US dollars.

TOP PHARMACEUTICAL GOODS EXPORTS FROM PANAMA

1. Vitamins
2. Immunomodulators
3. Diuretics
4. Antacids
5. Antifungals

FAQ’S

Que. Name the Top Pharmaceutical Goods Export Trade Partners of Panama in 2024.
Ans. The United States is the top pharmaceutical goods export trade partner of Panama in 2024.

Que. What is the Top Pharmaceutical Goods Export From Panama in 2024?
Ans. Medicaments are the top pharmaceutical goods exported from Panama in 2024.

Que. What is the Export Trade Value of Pharmaceutical Goods From Panama in 2024?
Ans. The export trade value of pharmaceutical goods from Panama in 2024 is 3.5 billion US dollars.

Que. Where Can You Get the Detailed Trade Analysis of the Panama’s Pharmaceutical Goods Exports in 2024?
Ans. By subscribing to Import Globals, you can get a detailed trade analysis of Panama’s pharmaceutical goods exports in 2024.

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