The U.S. Department of State notes that Panama has bilateral free trade agreements with Chile, El Salvador, Taiwan, Singapore, Honduras and Costa Rica and is exploring free trade negotiations with Mexico and other Latin American countries. The U.S. itself signed a Trade Promotion Agreement with Panama in June 2007. Panama ratified the agreement in July 2007; ratification by the U.S. has not yet occurred.
Export and Import Facts
- 2009 exports totaled $821 million
- Major exports include salmon, beef, watermelon, shrimp and pineapples
- Imports totaled $7.8 billion in 2009
- Major imports include capital goods, crude oil, foodstuffs, chemicals and other consumer and intermediate goods
Export/ Import Resources
Panama's bilateral chambers of commerce offer opportunities for networking that can help you establish new connections with importers in Panama or with businesses in other countries whose goods you want to import.