Top Import Products of Panama

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10-Apr-2025

Overview

Panama
 

As the panama import data reveals, the nation's top import products for 2025 were prominently characterized by:

  • Mineral fuels and oils: 20.6%
  • Machinery and equipment: 10.2%
  • Vehicles and Parts: 7.9%
  • Electrical machinery and equipment: 7.1%
  • Pharmaceutical products: 5.1%
  • Iron and Steel Articles: 3.7%
  • Plastic Products: 3.2%
  • Cereals: 2.4%
  • Iron and Steel: 2.2%
  • Food Waste and Animal Feed: 2.0%

These top 10 import items represented a significant 78.22% of Panama's total export value for 2025. When analyzing Panama's customs records, it's evident that the fastest-growing import categories were Mineral fuels and oils(USD $2,281,468,703.00), Machinery and equipment(USD $1,132,888,622.00), Vehicles and Parts(USD $875,442,964.00) showing a robust upward trend. Conversely, the declining sectors in the export landscape included products of the Mineral fuels and oils, Machinery and equipment, Vehicles and Parts as well as electrical machinery & equipment.

For businesses and market analysts, the subsequent chart offers a deeper dive, showcasing the monetary value and market dynamics of Panama’s top 10 import commodities for 2025.

YOY and MOM comparison of growth and share of top Import Products of panama

Top Import Products of Panama

YOY comparison of growth and share of top Import Products of Panama

MOM comparison of growth and share of top Import Products of Panama

Import Products of Panama
100
1M 3M 6M 1Y 3Y ALL
Top Products 2023 2022 Growth% 2023 Share 2022 Share


HSN Code:   
Importers : Panama Importers 3,579
Panama Importers Shipment 181,269 		Value $0 $0 redDownArrow 0% 0.00%
Shipment 57,274 94,413 redDownArrow -39.34% 2.28%
Parts and accessories of the motor vehicles of headings 8701 to 8705

HSN Code:  87089990   87089900   87088090  
Importers : Panama Importers 368
Panama Importers Shipment 177,953 		Value $139,874,977.85 $129,754,624.41 greenUpArrow 7.80% 0.35%
Shipment 66,742 59,148 greenUpArrow 12.84% 2.66%
Women’s or girls’ suits, Ensembles, Jackets, Blazers, Dresses, Skirts, Divided skirts, Trousers, Bib and brace overalls, Breeches and shorts (other than swimwear) ---- suits :

HSN Code:  62046929   62046229   62044210  
Importers : Panama Importers 961
Panama Importers Shipment 167,188 		Value $115,859,035.09 $124,541,057.46 redDownArrow -6.97% 0.29%
Shipment 62,971 61,246 greenUpArrow 2.82% 2.51%
Medicaments (excluding goods of heading 3002, 3005 or 3006) consisting of mixed or unmixed products for therapeutic or prophylactic uses, Put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings

HSN Code:  30049099   30042010   30043210  
Importers : Panama Importers 828
Panama Importers Shipment 154,922 		Value $1,405,193,873.64 $1,546,188,956.55 redDownArrow -9.12% 3.52%
Shipment 57,323 41,712 greenUpArrow 37.43% 2.28%
Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 8702), Including station wagons and racing cars

HSN Code:  87032292   87032392   87033220  
Importers : Panama Importers 86
Panama Importers Shipment 138,139 		Value $1,143,095,953.93 $983,110,336.22 greenUpArrow 16.27% 2.87%
Shipment 51,187 44,243 greenUpArrow 15.70% 2.04%
Telephone sets, Including telephones for cellular networks or for other wireless networks: other apparatus for the transmission or reception of vice, Images or other data, Including apparatus for communication in a wired or wireless network (such as a loc

HSN Code:  85176200   85171300   85177921  
Importers : Panama Importers 254
Panama Importers Shipment 121,573 		Value $928,492,334.11 $3,003,361,025.78 redDownArrow -69.08% 2.33%
Shipment 51,325 37,188 greenUpArrow 38.01% 2.05%


HSN Code:  98072090  98072000   98072040  
Importers : Panama Importers 123
Panama Importers Shipment 112,972 		Value $10,967,483.62 $466,456,305.06 redDownArrow -97.65% 0.03%
Shipment 27,613 61,311 redDownArrow -54.96% 1.10%
Other articles of plastics and articles of other materials of headings 3901 to 3914

HSN Code:  39269099   39261090   39264000  
Importers : Panama Importers 1,359
Panama Importers Shipment 111,260 		Value $67,246,454.03 $77,610,889.16 redDownArrow -13.35% 0.17%
Shipment 40,500 38,764 greenUpArrow 4.48% 1.61%
Trunks, Suit-cases, Vanity-cases, Executive- cases, Brief-cases, School satchels, Spectacle cases, Binocular cases, Camera cases, Musical instrument cases, Gun cases, Holsters and similar containers; travelling-bags, Insulated food or beverages bags, Toil

HSN Code:  42029210   42022200   42022900  
Importers : Panama Importers 650
Panama Importers Shipment 90,216 		Value $90,894,768.33 $110,939,126.85 redDownArrow -18.07% 0.23%
Shipment 34,663 30,554 greenUpArrow 13.45% 1.38%
Articles for the conveyance or packing of goods, Of plastics; stoppers, Lids, Caps and other closures, Of plastics

HSN Code:  39232190   39233090   39231090  
Importers : Panama Importers 1,075
Panama Importers Shipment 81,236 		Value $205,224,343.5 $235,085,792.2 redDownArrow -12.70% 0.51%
Shipment 31,821 24,938 greenUpArrow 27.60% 1.27%
T-shirts, Singlets and other vests, Knitted or crocheted

HSN Code:  61091000   61099000   61099090  
Importers : Panama Importers 1,233
Panama Importers Shipment 78,537 		Value $98,738,538.4 $119,506,459.27 redDownArrow -17.38% 0.25%
Shipment 27,703 26,591 greenUpArrow 4.18% 1.10%
Tableware , Kitchenware, Other household articles and hygienic or toilet articles, Of plastics

HSN Code:  39241090   39241081   39249090  
Importers : Panama Importers 535
Panama Importers Shipment 78,117 		Value $56,571,702.39 $72,107,836.84 redDownArrow -21.55% 0.14%
Shipment 28,825 27,347 greenUpArrow 5.40% 1.15%
Other footwear with outer soles and uppers of rubber or plastics - sports footwear :

HSN Code:  64029990   64029994   64022090  
Importers : Panama Importers 513
Panama Importers Shipment 74,163 		Value $121,266,756.06 $143,663,115.25 redDownArrow -15.59% 0.30%
Shipment 25,969 27,005 redDownArrow -3.84% 1.03%
Electrical apparatus for switching or protecting electrical circuits, Or for making connections to or in electrical circuits (for example, Switches, Relays, Fuses, Surge suppressors, Plugs, Sockets, Lamp-holders and other connectors, Junction boxes), For

HSN Code:  85365090   85366990   85369000  
Importers : Panama Importers 519
Panama Importers Shipment 72,827 		Value $62,663,791.13 $74,591,905.86 redDownArrow -15.99% 0.16%
Shipment 26,289 26,262 greenUpArrow 0.10% 1.05%
Men’s or boys’ suits, Ensembles, Jackets, Blazers, Trousers, Bib and brace oveb ralls, Breeches and shorts (other than swimwear) ---- suits :

HSN Code:  62034222   62034219   62034291  
Importers : Panama Importers 836
Panama Importers Shipment 72,490 		Value $92,560,401.68 $92,930,674.91 redDownArrow -0.40% 0.23%
Shipment 27,040 25,512 greenUpArrow 5.99% 1.08%

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