Positioned in Central America between Costa Rica and Colombia, Panama plays an important role in regional and global trade. In 2025, Panama’s exports were valued at US$12.3 billion.

This figure reflects a 7.7% decline compared to 2021, when Panama’s exports totaled US$13.4 billion. On a year-over-year basis, export value also decreased by 6.4% from US$13.2 billion in 2024.

Panama’s Key Export Markets

Recent trade data indicates that 61% of Panama’s exports were purchased by a group of major partners, including Colombia (8%), Venezuela (7.5%), Costa Rica (7.3%), the United States (6.8%), Guatemala (5.7%), Cuba (4.7%), the Dominican Republic (4.1%), Honduras (3.7%), Nicaragua (3.6%), El Salvador (3.4%), Ecuador (3.3%), and Chile (2.9%).

From a regional standpoint, Latin America (excluding Mexico but including the Caribbean) accounted for the largest share of Panama’s exports at 77.8%. North America followed with 9.2%, while Asia represented 8.2%.

Smaller shares of Panama’s exports were directed to Europe (4.5%), Africa (0.3%), and Oceania (0.05%), mainly Australia and New Zealand.

With a population of approximately 4.6 million people, the total value of Panama’s exports in 2025 translates to about US$2,700 per capita, lower than the roughly US$3,500 recorded in 2024.

Panama’s Leading Export Categories

The following product groups generated the highest revenues within Panama’s exports in 2025:

1.Pharmaceuticals: US$2.1 billion (14.7%)

2.Electrical machinery and equipment: US$1.52 billion (12.8%)

3.Machinery including computers: US$1.54 billion (4.1%)

4.Footwear: US$691.9 million (14.8%)

5.Beverages, spirits, and vinegar: US$567.4 million (9.6%)

6.Clothing (non-knit or crochet): US$567.7 million (5%)

7.Knit or crochet clothing: US$425.2 million (6.9%)

8.Perfumes and cosmetics: US$776.6 million (3.4%)

9.Gems and precious metals: US$418.3 million (3.3%)

10.Vehicles: US$361.7 million (5.6%)

Together, these top 10 categories accounted for 72.5% of the total value of Panama’s exports, indicating a moderately concentrated export structure.

Among them, gems and precious metals recorded the fastest growth, increasing by 49.4% compared to 2024. Beverages and spirits followed with a 9.3% rise, while vehicle exports grew by 3.1%.

On the other hand, the steepest declines were seen in non-knit clothing (down 30%) and footwear (down 23.6%) year over year.

At the more detailed four-digit HS code level, the most valuable components of Panama’s exports included packaged medicines (15.3%), smartphones and other phone devices (4.7%), perfumes and toilet waters (4%), alcoholic beverages such as spirits and liqueurs (3.7%), computers and optical readers (3.5%), printing machinery (3%), rubber or plastic footwear (2.8%), copper ores and concentrates (2.8%), jewelry (2.4%), and television receivers or monitors (1.8%).

Top Exporters in Panama

Companies seeking sourcing opportunities can leverage databases built on real shipment data related to Panama’s exports. Platforms like Tendata’s Global Importers & Exporters Finder allow buyers to identify and connect with verified suppliers efficiently.

Panama Exporters Directory

Exporter directories provide detailed insights into Panama’s exports, including shipment records, export volumes, and supply chain transparency. These tools help global buyers evaluate suppliers and make informed sourcing decisions.

Tendata also offers real-time trade intelligence, including product details, business relationships, and verified contact information derived from Panama’s export data.

Panama Exporter List Example

Tendata’s platform includes thousands of companies participating in Panama’s exports, with profiles covering company name, location, product categories, and HS codes.

For example, in the wood sector, leading exporters in 2025 included:

>>Find More Panama Suppliers

1.SWISSINDO INC(15.54%, $3.66 Million)

2.CRONUS SERVICIOS PANAMA S A(11.26%, $2.65 Million)

3.GURU NANAK TRADING CORP(10.95%, $2.58 Million)

4.PANSINGAPORE S A(9.59%, $2.26 Million)

5.CANTICO FOREST GROUP S A(6%, $1.41 Million)

6.SERVICIOS JDL(4.94%, $1.16 Million)

7.TECA PREMIUM INC(4.49%, $1.06 Million)

8.PANA BHARAT TRADING INC(4.04%, $0.95 Million)

9.DES AGROFORES BATIPA BABSA(3.62%, $0.85 Million)

10.VERTEX OVERSEAS PTY CORP(3.09%, $0.73 Million)