Panama imports 60 percent of its overall imported food products from the United States. Panamanian consumers continue to perceive U.S. food products as high quality, wholesome and reliable, which has resulted in a continuous growth in demand. The U.S.-Panama Trade Promotion Agreement entered into force on October 31, 2012. GDP in 2016 is expected to reach a healthy 5 percent and the country’s major logistical facilities, such as the Panama Canal and ports on both oceans, make it an important hub in the Americas. Major hotels, fine restaurants and international corporations have a home in Panama as does a huge expat community all of which fuels demand for imported U.S. food, beverages, and agricultural products.

Market Notes:

81% tariff after quota has been met

Helpful Links:

• Exporter Guide 12-31-2017
• Panama FAIRS Country Report
• Food and Agricultural Import Regulations and Standards - Certification 12-29-2017
• Food and Agricultural Import Regulations and Standards - Narrative 12-29-2017