Panama Major Trade Partners
Buying and selling are essential for any country to develop its economy and maintain good relations with other nations. The first table below shows top trading partners of Panama in terms of export sales (selling), including United States, Netherlands, and Sweden. The second lists top trade partners of Panama regarding import total (buying). That is, most products are imported from these countries to Panama.
Panama Major Exports
Market Value: 870 (millions) – Last Updated: June, 2024
| Rank | Country (Exports To) | Trade Value (thousands) | Share (%) | Growth (% 5yr) |
| 1 | United States | 429,780 | 49.41 | (3.41) |
| 2 | Netherlands | 121,547 | 13.97 | 213.13 |
| 3 | Sweden | 62,274 | 7.16 | 7.34 |
| 4 | United Kingdom | 58,468 | 6.72 | 790.60 |
| 5 | Spain | 51,223 | 5.89 | 13.64 |
| 6 | China | 44,907 | 5.16 | 313.86 |
| 7 | Italy | 27,882 | 3.21 | 125.30 |
| 8 | Dominican Republic | 13,481 | 1.55 | 37.98 |
| 9 | Belgium | 10,466 | 1.20 | (64.67) |
| 10 | Colombia | 7,685 | 0.88 | (35.30) |
| 11 | Mexico | 5,961 | 0.69 | (57.16) |
| 12 | India | 4,862 | 0.56 | (73.21) |
| 13 | Germany | 4,394 | 0.51 | (11.50) |
| 14 | Jamaica | 3,183 | 0.37 | (59.16) |
| 15 | Portugal | 2,882 | 0.33 | (87.60) |
| 16 | Thailand | 2,765 | 0.32 | 73.73 |
| 17 | South Korea | 2,711 | 0.31 | 34.84 |
| 18 | France | 2,528 | 0.29 | (18.58) |
| 19 | Brazil | 2,493 | 0.29 | 577.36 |
| 20 | Canada | 2,400 | 0.28 | 3.03 |
| 21 | Japan | 2,219 | 0.26 | (11.71) |
| 22 | Denmark | 2,081 | 0.24 | 9,080.20 |
| 23 | Chile | 1,356 | 0.16 | 529.67 |
| 24 | Hong Kong | 1,210 | 0.14 | (84.05) |
| 25 | Peru | 1,148 | 0.13 | (22.56) |
Panama Major Imports
Market Value: 4,546 (millions) – Last Updated: June, 2024
| Rank | Country (Imports From) | Trade Value (thousands) | Share (%) |
| 1 | United States | 2,236,501 | 49.20 |
| 2 | Japan | 355,698 | 7.82 |
| 3 | China | 305,120 | 6.71 |
| 4 | South Korea | 241,025 | 5.30 |
| 5 | Mexico | 223,301 | 4.91 |
| 6 | Colombia | 164,871 | 3.63 |
| 7 | Peru | 86,697 | 1.91 |
| 8 | Germany | 80,066 | 1.76 |
| 9 | Ecuador | 79,330 | 1.75 |
| 10 | Thailand | 78,206 | 1.72 |
| 11 | Brazil | 77,555 | 1.71 |
| 12 | Spain | 77,093 | 1.70 |
| 13 | Netherlands Antilles | 49,946 | 1.10 |
| 14 | Canada | 46,611 | 1.03 |
| 15 | Dominican Republic | 45,619 | 1.00 |
| 16 | Turkey | 43,096 | 0.95 |
| 17 | Denmark | 41,788 | 0.92 |
| 18 | Trinidad and Tobago | 38,594 | 0.85 |
| 19 | New Zealand | 25,195 | 0.55 |
| 20 | Italy | 24,931 | 0.55 |
| 21 | Cuba | 23,783 | 0.52 |
| 22 | Chile | 22,651 | 0.50 |
| 23 | Netherlands | 19,191 | 0.42 |
| 24 | Hong Kong | 18,412 | 0.41 |
| 25 | Venezuela | 17,717 | 0.39 |
| 26 | France | 16,722 | 0.37 |
| 27 | Sweden | 14,698 | 0.32 |
| 28 | Austria | 13,153 | 0.29 |
| 29 | India | 11,989 | 0.26 |
| 30 | United Kingdom | 11,715 | 0.26 |
| 31 | Finland | 10,746 | 0.24 |
| 32 | Switzerland | 10,097 | 0.22 |
| 33 | Belgium | 9,961 | 0.22 |
| 34 | Ireland | 8,718 | 0.19 |
| 35 | Uruguay | 4,823 | 0.11 |
| 36 | Israel | 3,538 | 0.08 |