Panama Import Trade Data

11-Apr-2025

Expand Your Import Business in Panama

Volza's Big Data technology scans over 2 billion Import shipment records in Panama to identify top & new suppliers, economial sourcing, and profitable products.
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Key Indicators

Export Shipments
4,505,690
Suppliers
144,967
Export Trading Partners
166
Import Shipments
9,649,013
Buyers
116,106
Import Trading Partners
236

Overview

country overview

Panama: Bridging Continents through the Panama Canal

Nestled in Central America, Panama serves as a crucial link connecting the Atlantic and Pacific Oceans through the iconic Panama Canal. In 2024, it ranked 76 globally in GDP, showcasing a robust economy driven by its unique geographical position.

Introduction:
Panama, strategically positioned as a global shipping hub due to the Panama Canal, relies heavily on imports to support its service-oriented economy, which includes sectors like logistics, banking, and tourism. This makes Panama a dynamic market for global exporters.

Economic Overview:
With an economy heavily driven by the service sector, particularly around the Canal and free trade zones, Panama is one of the fastest-growing economies in Latin America. Imports are crucial for both the operation of its major industries and the consumption needs of its urban population. Ongoing projects to expand canal capabilities and infrastructure developments influence import needs significantly.

Political and Regulatory Environment:
Panama's political environment is generally stable, fostering a favorable climate for international trade. Recent trade agreements and adjustments in import regulations aim to streamline processes and enhance the economic landscape, affecting the dynamics of imports.

Opportunities and Challenges for Exporters:
There are opportunities in supplying consumer goods, high-tech machinery, and medical supplies. Exporters face challenges such as navigating complex customs procedures and competition from regional manufacturers.

Positives:

1. Panama Canal: The world-renowned Panama Canal serves as a vital maritime shortcut, connecting the Atlantic and Pacific Oceans and facilitating efficient global trade routes.
2. International Business Hub: Panama's strategic location attracts international businesses, fostering a thriving services sector, including finance and logistics.
3. Free Trade Agreements: Participation in various free trade agreements enhances Panama's access to global markets, promoting trade diversification.

Negatives:

1. Vulnerability to Natural Disasters: Panama's susceptibility to natural disasters, including hurricanes, may disrupt trade operations.
2. Income Inequality: Disparities in wealth distribution pose social challenges, impacting long-term stability.
3. Infrastructure Development: Despite progress, ongoing infrastructure needs, especially in rural areas, may affect overall trade efficiency.

Panama import export data , including buyer and supplier names, is available on the Volza Platform.

Imports:

In September 2024, Panama ranked 53th in global imports, with imports valued at 11.08 billion, representing a -4% growth from September 2023.

From September 2024 to September 2025, the country's imports amounted to US$269.1 billion, showing a 23% growth from the preceding year.

In 2025, imports totaled 11.08 billion, marking a -27% YOY growth from 2024. Sources of these imports were Free Zones, USA, China, Mexico, Costa Rica, Colombia, Spain, Brazil, Rep. of Korea, Japan. Imported products were Mineral fuels and oils, Machinery and equipment, Vehicles and Parts, other than railway or tramway. Suppliers were MOTORES JAPONESES S.A., AMERICAN SPORTWEAR S A, and AMERICAN FASHION. Importers in Panama were Free Zones: 28.4%, USA: 19.4%, and China: 11.8%.

Top 10 Import Products:

  1. Refined petroleum (HS code: 2710) - Fuel needs.
  2. Automobiles (HS code: 8703) - Transportation sector.
  3. Pharmaceuticals (HS code: 3004) - Healthcare requirements.
  4. Computers (HS code: 8471) - Technology demand.
  5. Mobile phones (HS code: 8517) - Telecommunications growth.
  6. Furniture (HS code: 9403) - Real estate and hospitality sectors.
  7. Machinery parts (HS code: 8479) - Industrial maintenance.
  8. Electrical machinery (HS code: 8501) - Infrastructure projects.
  9. Clothing (HS code: 6203) - Retail market supply.
  10. Plastics (HS code: 3901) - Various manufacturing uses.

Top Buyers from Panama:

PETROCHINA INTERNATIONAL JAVA LTD, GLOBAL COOL, ANNABELLA

Solution for Global Exporters:

Exporters interested in entering or expanding within the Panamanian market should utilize Volza’s online import data. This tool provides essential insights into market trends, enabling effective strategy formulation and opportunity identification. Visit Volza for in-depth analysis and support in navigating Panama’s import landscape efficiently.

Import Database - Factsheet

Source : Volza Import Data
Panama
Import Data
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9,649,013 Bill of Ladings, 116,106 Buyers & 144,967 Suppliers
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Import
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Export
Jan-Dec 2024
Shipments
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Top 10 Importers

Panama Top 10 Importers

Within our Volza database, we possess comprehensive information about over 10 active importers in Panama. To assist you in identifying the leading importers in Panama, Volza offers an advanced feature that analyzes billions of shipping invoices using more than 20 parameters. Noteworthy among the top 10 importers in Panama are companies like MOTORES JAPONESES S.A. , AMERICAN SPORTWEAR S A , and AMERICAN FASHION . These key players are featured prominently within our extensive database. For a more comprehensive overview, please refer to our table, which outlines the top 10 importers, and explore the additional resources provided below.

Panama Top 10 Importers
Line Chart
Data Source: Volza Import Data
Panama Top 10 Importers
Rank Importers Shipments
1 Motores Japoneses S.A. 90,384
2 AMERICAN SPORTWEAR S A 18,222
3 AMERICAN FASHION 13,551
4 FOREIGN IMPORTS INC 12,092
5 NORITEX S A 10,266
6 NEMO TRADERS 6,544
7 MAY S ZONA LIBRE S A 6,196
8 FREEWAY PANAMA S A 5,195
9 Baguta Zona Libre S.A. 5,052
10 HOLA MODA S A 4,500
Data Source: Volza Import Data

Top 10 Import Products

Panama Top 10 Import Products

As the Panama import data reveals, the nation's top import products for 2024 were prominently characterized by:

- Cotton Knitting Yarn: 44.06%
- Automobile Component: 14.09%
- Baby Pant: 11.37%
- Presenter Box: 7.82%
- Finished Knitted Fabric: 7.51%
- Wheelers Component: 7.33%
- Automotive Door: 5.15%
- Men's Long Sleeve Shirt: 2.01%
- Plastic Bathroom: 0.34%
- Exercise Book: 0.31%
These top 10 import items represented a significant 61.4% of Panama's total import value for 2024. When analyzing Panama's customs records, it's evident that the fastest-growing import categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the import landscape included products of the milling industry, optical and photographic equipment, as well as electrical machinery & equipment. These top 10 import items represented a significant 61.4% of Panama's total import value for 2024. When analyzing Panama's customs records, it's evident that the fastest-growing import categories were mineral fuels & oils, animal or vegetable fats & oils, and articles of stone, showing a robust upward trend. Conversely, the declining sectors in the import landscape included products of the milling industry, optical and photographic equipment, 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 2024.
Panama Top 10 Import Products
Line Chart
Data Source: Volza Import Data
Panama Top 10 Import Products
Rank Import Products Shipments
1

COTTON KNITTING YARN

12,843,432
2

Automobile Component

4,108,511
3

BABY PANT

3,315,216
4

PRESENTER BOX

2,280,631
5

FINISHED KNITTED FABRIC

2,189,811
6

WHEELERS COMPONENT

2,137,048
7

Automotive Door

1,502,115
8

Men's Long Sleeve Shirt

585,298
9

Plastic Bathroom

97,668
10

Exercise Book

91,746
Data Source: Volza Import Data

Trading Partners

Top Trading Partners of Panama

Africa-CentralAfrica-East Africa-NorthCameroonCentral AfricaDjiboutiEthiopiaKenyaUgandaZimbabweAlgeriaEgyptPanamaAfrica-CentralAfrica-East Africa-NorthCameroonEthiopiaKenyaUgandaZimbabweAlgeriaEgypt

Top 1 Import Trading Partners

Panama Top 1 Import Trading Partners

Panama trade data from 2024 highlights the nation's top 1 import partners as follows: INDIA (USD 488,938) .
The growth rates for the leading three importers were as follows: India at 100.00% .
Trade balance analysis reveals that Panama had a trade deficit with both Iran and China. Specifically, the deficit amounted to USD 300 million with Iran and USD 150 million with China in that year. Panama import statistics show that the country's top 1 import partners in 2024 collectively contributed 87.2% to the overall value of import shipments. Furthermore, Panama’s major imports from India include PRESENTER BOX, Automobile Component, BABY PANT, WHEELERS COMPONENT, COTTON KNITTING YARN, Automotive Door, Plastic Bathroom, FINISHED KNITTED FABRIC, Men's Long Sleeve Shirt, Exercise Book, products. The provided chart below breaks down the values in percentile of Panama’s top 1 import partners for 2024.

Panama Top 1 Import Trading Partners
Line Chart
Data Source: Volza Import Data
Panama Top 1 Import Trading Partners
Rank Import Trading Partners Shipments
1 India 488,938
Data Source: Volza Import Data

Import Data Sample Record

Panama Import Data Sample Record

Panama import data covers all important shipping details that are essential for businesses to find importers in Panama, analyze market trends, and identify potential industries. Panama trade data contains customs-based details including Date, Importer Name, HS Code, HS Code Description, Commercial Description, Gross Weight, Net Weight, Total Value USD and Origin Country. View Panama import data sample with complete number of fields available in data.

Panama Import Fields
Date:
30 Nov 2024
HS Code:
76169990
Quantity:
1
Quantity Unit:
PCS
Value FC:
2.08
Value:
HS Description:
Other articles of aluminium
Exporter:
H R Designs
Importer:
Data Source: Volza Import Data
Panama Import Fields
S.No Data Fields
1
Date
2
HSN Code
3
Quantity
4
Quantity Unit
5
Value FC
6
Value
7
HSN Description
8
Exporter
9
Importer
Total 72 Fields
Data Source: Volza Import Data

Top 9 Import Ports

Panama Top 9 Import Ports

Panama's global import trade operates through over 9 ports. Colon Free stands as the predominant port, handling 227,013 import shipments, which constitutes a 47% market share. Balboa follows with an 14% share, accounting for 65,767 shipments, while Thoothibari LCS contributes a 49.18% market share with its 62,535 shipments. For detailed import trade statistics of each port in Panama, refer to the provided links below. Collectively, these ports underscore the integrated nature of Panama's trade infrastructure. As the trade data indicates, these crucial import ports facilitate the consistent delivery of essential goods across Panama.

Panama Top 9 Import Ports
Line Chart
Data Source: Volza Import Data
Panama Top 9 Import Ports
Rank Import Ports Shipments
1

Colon Free

227,013
2

Balboa

65,767
3

Thoothibari LCS

62,535
4

Manzanillo

52,795
5

OP Panama

15,449
6

Cristobal

14,723
7

Tanjung Pelepas

10,815
8

Santiaga

8,564
9

Rodman

3,960
Data Source: Volza Import Data

Import Bill of Lading

Import Shipments of Panama
9,649,013
Date
30-11-2024
Shipper Name
NORITEX S A
Weight Unit
PCS
Quantity
1
Shipment Origin
India
Port of origin
Jnpt

Datasets

Africa-Central


Africa-East


Africa-North


Africa-South


Africa-West


America-Central


Asia-Central


Asia-East


Asia-South


Asia-Southeast


Asia-West


Australia/Oceania


Europe-East


Europe-North


Europe-South


Europe-West


Middle-East


North America


South America


The Caribbean

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Frequently Asked Questions

What information is included in Panama Import Data?

Panama Import Data includes details about imported products, such as their descriptions, HS codes (Harmonized System codes), origins, quantities, values, importers' details, shipment details, and customs duties paid.

How often is the Panama Import Trade Data updated on Volza.com?

The frequency of updates for Panama Import Trade Data on Volza.com may vary, but the platform strives to ensure regular updates. The goal is to provide users with the most current and accurate information available. It is recommended to check the platform regularly or contact the Volza.com support team for specific details on data update schedules.

How frequently is the Panama Import trade data updated on Volza.com?

The Panama import trade data on Volza.com is regularly updated to provide the most current information available. The website strives to ensure that users have access to the latest import trade data for Panama.

What types of import trade data can I find on Volza.com?

Volza.com offers a wide range of import trade data for Panama. You can find data related to various sectors and industries, including agriculture, manufacturing, energy, textiles, and more. The website aims to provide comprehensive information to cater to the diverse needs of users interested in Panama's import trade.

Why is Panama Import Data important?

Panama Import Data plays a crucial role in understanding the country's trade dynamics, economic trends, and market demand. It aids businesses, policymakers, researchers, and investors in making informed decisions related to international trade and investment.

Can I access historical Panama Import Data?

Yes, historical Panama Import Data is valuable for tracking changes in import patterns over months or years, identifying seasonality, and understanding long-term trends.