Panama: Panama One of Two New Billion Dollar Markets for US Food and Agricultural Exports

Exports of U.S. food and agricultural products to Panama reached $1.03 billion in 2022, making it the United States’ 33rd largest export market and 6th largest market in Latin America for consumer-oriented products. Overall food and agriculture exports grew 10 percent over 2021, with consumer-oriented products and intermediate goods up 16 percent and 10 percent, respectively. Panama’s exports of food and agricultural products to the U.S. fell by ten percent, led lower by a greater than 50 percent reduction in banana exports.