Panama
South & Central America and the Caribbean
Trade in Panama
| Panama was the world’s 95th largest exporter of goods and 52nd largest exporter of commercial services in 2025. Export values were $12337 and $18297 million USD respectively. Panama’s top export category was manufactures, followed by agricultural products, and fuels and mining products. In 2023, Panama’s main export destination markets for goods and services trade were to China, Japan and Korea, Rep., with trade representing 83.67 per cent of GDP. In terms of imports, Panama is the world’s 80th largest importer of goods and 93rd largest importer of commercial services. Import values were $25830 and $5746 million USD respectively in 2025. Panama’s top import category was manufactures, followed by agricultural products and fuels and mining products. Leading import partners were United States, China and Mexico. Panama is part of 18 different Regional Trade Agreements, including with Canada – Panama, Central American Common Market (CACM) and Central American Common Market (CACM) – Accession of Panama. |
Regional Trade Agreements Database
General InformationThis section includes general information on the economy, legal system, official languages and links to additional demographic information. |
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Official Name |
Republic of Panama |
Abbreviation |
PA |
Capital |
Panama City |
WTO Membership Date |
6 September 1997 |
Legal System |
civil law system; judicial review of legislative acts in the Supreme Court of Justice |
Language |
Spanish |
Number of Time Zone(s) |
1 |
Additional Information | |
Financial InformationThis section includes financial information such as the currency, exchange rate lookup and local banks issuing trade finance. |
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Currency |
Panamanian balboa |
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Exchange Rate |
Google Finance Currencies |
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GTFP Confirming Banks Through the IFC's Global Trade Finance Program (GTFP) bank network, local financial institutions can establish working partnerships with a vast number of major international banks in the Program that can broaden access to finance and reduce cash collateral requirements. This extends and complements the capacity of banks to deliver trade finance by providing risk mitigation on a per-transaction basis in challenging markets where trade lines may be limited. |
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Contact InformationThis section includes contact information for business support organizations and national resources. |
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Business Support Organizations |
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Government MSME Agency |
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Copyright Offices |
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Industrial Property Offices |
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SPS Enquiry Points Sanitary and phytosanitary (SPS) enquiry points are government agencies designated to answer questions about trade requirements. |
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TBT Enquiry Points Technical Barriers to Trade (TBT) enquiry points are government agencies designated to answer questions about trade requirements. |
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Additional Information |
ePing alert |
Last Reviewed: October, 2026
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