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Panama Import Data

Export Data

Panama Import Data

With coasts on both the Caribbean Sea and the Pacific Ocean, Panama is a country in Central America that is bounded to the west by Costa Rica and to the southeast by Colombia. Panama City is its capital and largest city, and because of the Panama Canal, it is also a significant financial and maritime center. As per Panama import data, Panama's GDP was at USD 91.7 billion in 2024, with services, logistics, and international commerce being its main drivers. Around USD 13.99 billion was spent on imports overall, indicating the nation's reliance on foreign items, particularly for consumer goods, industrial equipment, and energy.

One of the biggest duty-free zones in the world, the Colón Free Trade Zone, accounted for 28% (USD 4.14 billion) of imports. China (12.1%) and the United States (18.9%) were also significant importers into Panama. As per Panama customs data, mineral fuels and oils (HS27), which accounted for 20% of all imports and totaled USD 2.63 billion, were Panama's most popular product category in 2024.

Panama ranked 83rd among global importers, highlighting its moderate participation in international trade.

0.10%

The country’s total import value stood at USD 13.99 billion, driven by key sectors such as energy, electronics, and vehicles.

Colón Free Trade Zone

Panama sourced the highest percentage of imports from the Colón Free Trade Zone, contributing approximately 28% to the total import volum

Mineral fuels & oils

Mineral fuels and oils (HS 27) led Panama's import category, accounting for around USD 2.63 billion or 20% of total imports.

Top 10 Import Products of Panama

As per Panama shipments data, mineral fuels and oils accounted for the largest portion of Panama's imports (USD 2.63 billion), followed by plastics, autos, electrical machinery, and medications. These goods help the nation's energy, transportation, and consumer demands.

Mineral fuels & oils (HS 27): USD 2.63 B (20.0%)
Industrial machinery (HS 84): USD 1.16 B (9.85%)
Vehicles (HS 87): USD 1.17 B (8.10%)
Electrical machinery (HS 85): USD 1.02 B (7.07%)
Pharmaceuticals (HS 30): USD 752 M (5.17%)
Iron/steel articles (HS 73): USD 486 M (3.34%)
Plastics (HS 39): USD 461 M (3.17%)
Optical instruments (HS 90): USD 330 M (2.27%)
Iron & steel (HS 72): USD 325 M (2.24%)
Cereals (HS 10): USD 310 M (2.13%)

Top 10 Import Trading Partners of Panama

As per Panama customs import data, the Colón Free Trade Zone (USD 4.14 B, 28%) dominates Panama's import market, with significant contributions from China (USD 1.76 B, 12.1%) and the United States (USD 2.74 B, 18.9%). As a reflection of a varied mix of regional and international trading partners, other noteworthy suppliers include Mexico, Costa Rica, Colombia, Spain, Brazil, Japan, and Guatemala.

Colón Free Trade Zone: USD 4.14 B (28.0%)
USA: USD 2.74 B (18.9%)
China: USD 1.76 B (12.1%)
Mexico: USD 625 M (4.3%)
Costa Rica: USD 497 M (3.4%)
Colombia: USD 419 M (2.9%)
Spain: USD 304 M (2.1%)
Brazil: USD 300 M (2.1%)
Japan: USD 275 M (1.9%)
Guatemala: USD 260 M (1.8%)

What Details Contain In Panama Import Data?

All shipments by land, air, and sea are covered by the 100% comprehensive customs detailed data for Panama. Gain access to a sizable dataset with crucial trade attributes that enable in-depth analysis at every level. Businesses, analysts, and politicians may monitor all facets of import operations with this comprehensive data, from product descriptions and shipment sources to pricing and modes of transportation. Users may pinpoint market opportunities, analyze supplier performance, and spot sourcing patterns with full insight into every transaction. This information is a vital starting point for strategic decision-making, whether you're keeping an eye on rivals or preparing to enter the Panama market. The data contains all required fields:

Importer Name
Importer Address
Exporter Name
Exporter Address
Shipping Bill Number
Shipping Bill Date
Declaration Number
HS Code
Product Description
FOB Value
CIF Value
Manufacturing Country
Destination Country
Net Weight
Gross Weight
Quantity
Unit
Currency & Incoterms
Mode of Transportation
Port of Loading
Port of Unloading
Email
Contact

Benefits of Panama Import data in your business

Use this information to investigate the global market: Learn important information about the Panama import market and find international vendors.
Business Decision: Make well-informed choices supported by correct, up-to-date facts.
Reduce Risk: To assess possible hazards, examine shipping data from the past and current periods.
Extremely Accurate Data: Obtained from verified customs sources, guaranteeing dependability and validity.
Monitor Competitor Business: Determine the sourcing and supply networks of rival companies.
Stay Ahead in Pricing Strategy: Use accurate FOB/CIF data to maintain competitive pricing.

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Frequently Asked Questions

According to Panama import data, the country’s top import product in 2024 was mineral fuels and oils (HS Code 27), with a total value of USD 2.63 billion, accounting for 20% of total imports.

As per Panama customs data, Panama is focusing on strengthening industrial machinery, pharmaceuticals, and electrical equipment sectors to support its logistics-driven economy and meet rising consumer and industrial demands.

As per Panama trade data, though Panama itself is an import-reliant country, its strategic Colón Free Trade Zone facilitates re-exports, making regional countries like Costa Rica, Colombia, and Guatemala indirectly dependent on its trade infrastructure.

You can access detailed Panama import export data through verified customs data providers. These datasets include information such as HS codes, CIF/FOB values, importer/exporter names, shipment records, and ports of loading/unloading, allowing for complete trade visibility.

Panama is part of several regional trade blocs and benefits from the Colón Free Trade Zone, which allows duty-free imports and boosts re-export trade. This aids logistics companies and international suppliers seeking tax advantages.

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