Located in Central America between Costa Rica and Colombia, the Republic of Panama recorded approximately $12.3 billion in Panama's exports to global markets in 2025.

This total reflects a 7.7% decrease compared to $13.4 billion in 2021. On a year-over-year basis, Panama's exports also declined by 6.4% from 2024, when export value stood at $13.2 billion.

Key Markets Driving Panama's Exports

Recent country-level data shows that about 61% of Panama's exports were concentrated in the following destinations:

· Colombia (8%)

· Venezuela (7.5%)

· Costa Rica (7.3%)

· United States (6.8%)

· Guatemala (5.7%)

· Cuba (4.7%)

· Dominican Republic (4.1%)

· Honduras (3.7%)

· Nicaragua (3.6%)

· El Salvador (3.4%)

· Ecuador (3.3%)

· Chile (2.9%)

From a regional perspective, Latin America and the Caribbean accounted for 77.8% of Panama's exports, highlighting strong intra-regional trade dependence. North America represented 9.2%, while Asia absorbed 8.2% of Panama's exports.

Smaller shares were delivered to Europe (4.5%), Africa (0.3%), and Oceania (0.05%).

With a population of approximately 4.6 million, Panama's exports equaled about $2,700 per capita in 2025, slightly below the 2024 average of $3,500.

Top Product Categories in Panama's Exports

The following sectors contributed the highest value to Panama's exports in 2025:

· Pharmaceuticals: $2.1 billion (14.7%)

· Machinery including computers: $1.54 billion (4.1%)

· Electrical machinery and equipment: $1.52 billion (12.8%)

· Perfumes and cosmetics: $776.6 million (3.4%)

· Footwear: $691.9 million (14.8%)

· Non-knit clothing and accessories: $567.7 million (5%)

· Beverages, spirits, and vinegar: $567.4 million (9.6%)

· Knit clothing and accessories: $425.2 million (6.9%)

· Gems and precious metals: $418.3 million (3.3%)

· Vehicles: $361.7 million (5.6%)

Together, these categories accounted for approximately 72.5% of total Panama's exports, showing a relatively concentrated export structure.

Growth and Decline Trends in Panama's Exports

· Gems and precious metals saw the fastest growth, increasing by 49.4%

· Beverages and spirits rose by 9.3%

· Vehicles recorded a moderate growth of 3.1%

On the downside, Panama's exports of:

· Non-knit clothing dropped by 30%

· Footwear declined by 23.6%

· Detailed Breakdown of Panama's Exports (HTS Level)

At the 4-digit HS code level, the most valuable items within Panama's exports include:

· Medicinal products in dosage form (15.3%)

· Mobile phones and communication devices (4.7%)

· Perfumes and toilet waters (4%)

· Alcoholic beverages (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%)

· Television receivers and monitors (1.8%)

Panama's Exports and Exporter Landscape

To better understand Panama's exports, businesses can explore verified exporter databases built on real shipment-level data. Platforms like Tendata allow buyers to identify active suppliers, analyze export performance, and connect directly with verified exporters.

Panama Exporters Directory

Comprehensive exporter directories provide detailed company profiles, including shipment records, product categories, and trade volumes. These insights enable importers to make data-driven sourcing decisions.

Tendata further enhances visibility into Panama's exports by offering real-time trade intelligence, covering supplier networks, product flows, and verified contact information.

Example: Top Exporters Supporting Panama's Exports (Coffee Sector)

Using coffee as an example, key contributors to Panama's exports in 2025 include:

>>Find More Panama Suppliers

1.HACIENDA LA ESMERALDA S DE R L(19.34%, $5.23 Million)

2.EL HUACAL S A(9.01%, $2.44 Million)

3.BENEFICIO EL BAJAREQUE S A(7.93%, $2.14 Million)

4.HIGHLAND PRODUCTS CORP S A(5.79%, $1.57 Million)

5.PMA DASHANG INV TRAD S A(4.61%, $1.25 Million)

6.RONELLA ENTERPRISES SOCIEDAD ANONIMA(4.28%, $1.16 Million)

7.CAFE VOLCAN BARU S A(4.24%, $1.15 Million)

8.ASOCIACION DE CAFESES ESPECIALES DE PANAMA(3.84%, $1.04 Million)

9.FINCA DEBORAH S A(2.89%, $0.78 Million)

10.GARRIDO COFFE HIGHLAND S A(2.5%, $0.68 Million)