globaltraffic.earth

How dependent is Panama on the United States?

In 2024, the United States sold $4.6 billion to Panama, 12.2% of its imports, ranking 3rd among its suppliers. Its share was 15.1% in 2019 and 8.1% in 1995. In 67 products it sells more than 50% of what Panama buys of them (in 31, more than 75%); what Panama buys from the United States in those products (dominated value) adds up to $931 million, 2.5% of its imports.

Summary

Share of its imports
12.2%
Value imported
$4.6billion
Rank among its suppliers
3rd
Products where it sells over 50%
67
Products where it sells over 75%
31
Dominated value
$931million
Share of total imports
2.5%

Trend

Trend in shares

The United States went from 8.1% to 12.2% of what Panama buys

Share (%)

  • United States 12.2%

Source: CEPII BACI

Show the numbers
YearValue (USD millions)ShareRank
19951,1408.1%3
19961,1577.9%3
19971,2838.8%3
19981,53810.8%3
19991,59910.6%3
20001,2479%2
20011,1559.5%3
20021,32811.5%2
20031,44211.2%2
20041,1917.8%3
20051,2937.5%3
20062,2959.2%3
20073,27211%3
20083,99510.3%4
20093,1507.9%5
20103,7137.8%4
20114,0958.1%4
20124,8889.3%3
20135,06411.4%3
20145,04212.8%3
20154,49813.8%3
20164,32415%3
20174,36913.7%3
20184,91214.7%3
20195,09515.1%3
20203,34813.4%3
20214,34515.3%2
20225,19112.9%3
20234,54113.7%2
20244,61012.2%3

Products where the United States sells more than half

ProductSupplierShareSecondValue
CornUnited States93.9%over 75%Brazil · 4.6%$126 million
Soybean meal and pelletsUnited States99.8%over 75%Brazil · 0.09%$97 million
CheeseUnited States74.6%New Zealand · 11.4%$66 million
RiceUnited States72.6%Uruguay · 20.2%$53 million
Natural gas and LPGUnited States98.4%over 75%Turkey · 0.59%$53 million
WheatUnited States79.3%over 75%Canada · 20.7%$45 million
BeerUnited States51.6%Mexico · 16.9%$34 million
Sauces and condimentsUnited States50.7%Costa Rica · 19.7%$32 million
Prepared meatUnited States67.9%Denmark · 20.7%$32 million
AntibioticsUnited States95.6%over 75%China · 2.8%$31 million
PorkUnited States87%over 75%Canada · 7.7%$29 million
Frozen beefUnited States86.4%over 75%Uruguay · 5.3%$26 million
Poultry meatUnited States94.2%over 75%Brazil · 3%$25 million
ChocolateUnited States50.6%Colombia · 11%$23 million
Kraft paper and paperboardUnited States95.3%over 75%Canada · 1.2%$19 million
SoybeansUnited States100%over 75%Canada · 0.04%$18 million
SausagesUnited States90.1%over 75%Spain · 6.4%$18 million
Fuel and lubricant additivesUnited States68.8%France · 11.6%$16 million
Lubricant preparationsUnited States66%South Korea · 11.8%$16 million
PVC and other vinyl polymersUnited States94.3%over 75%Brazil · 2.3%$15 million
PolyethyleneUnited States71.5%South Korea · 8.9%$13 million
Petroleum coke and bitumenUnited States89%over 75%Colombia · 8.9%$12 million
Earthmoving and drilling machinesUnited States53.7%China · 17.1%$11 million
Live poultryUnited States99.2%over 75%France · 0.42%$11 million
Aircraft partsUnited States61%Philippines · 18.9%$10 million
WaterUnited States62.1%France · 11.9%$10 million
Edible offalUnited States81.9%over 75%Canada · 4.9%$7 million
Yogurt and fermented milkUnited States87.4%over 75%Switzerland · 5.6%$7 million
Plant waste for animal feedUnited States99.2%over 75%Italy · 0.36%$6 million
Sawn woodUnited States50.7%Honduras · 20.3%$5 million

and 37 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Are there other suppliers in the world?

Exports from the rest of the world already have buyers; the figure shows scale, not availability.

Seen from the United States

Panama is the United States’ 50th-largest customer, with 0.25% of its exports.

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.