United States-Panama Trade: In 2022, United States exported $5.85B to Panama. The main products that United States exported to Panama were Refined Petroleum ($6.16B), Crude Petroleum ($683M), and Petroleum Gas ($265M). Over the past 5 years the exports of United States to Panama have increased at an annualized rate of 33.5%, from $1.38B in 2017 to $5.85B in 2022.
In 2017, United States exported services to Panama worth $2.13B, with Transportation ($732M), Travel ($478M), and Financial services ($423M) being the largest in terms of value.
Panama-United States Trade: In 2022, Panama exported $1.55B to United States. The main products that Panama exported to United States were Non-fillet Fresh Fish ($90.1M), Precious Metal Scraps ($37.2M), and Raw Sugar ($27.8M). Over the past 5 years the exports of Panama to United States have increased at an annualized rate of 36.4%, from $329M in 2017 to $1.55B in 2022.
In 2022, Panama did not export any services to United States.
Comparison: In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T). That same year, Panama ranked 56 in the Economic Complexity Index (ECI 0.17), and 119 in total exports ($6.62B).
Company data: In 2023, leading companies such as Goya Foods (1.07k), Bedrosians Tile & Stone (400), and IKEA Group (136) were at the forefront of exporting goods from Panama to the United States. Conversely, Other (669), Goya Santo Domingo Sa (410), and Goya Santo Domingo S.a. (144) were notable for importing products to Panama from the United States.