Agricultural Products
A Top U.S. Export Prospect for Panama
Consumer Oriented Agricultural Products
Consumer oriented agricultural products constitute the most important sector. The primary products are snack foods ($38.3 million), other consumer oriented products ($40.2 million), processed fruits and vegetables ($27.1 million), and dairy products ($15.8 million). In most of these categories, 2010 marks a forty-year high note for export levels.
Market Estimates
(in US$ millions) |
2010est |
2011est |
2012est |
2013est |
Total Market Size |
759.4 |
993.4 |
1030.1 |
N/A |
Total Local Production |
533.6 |
560.5 |
588.5 |
N/A |
Total Exports |
479.9 |
493.3 |
503.1 |
N/A |
Total Imports |
705.7 |
926.2 |
944.7 |
N/A |
Imports from the U.S. |
200.8 |
197.0 |
274.0 |
N/A |
Exports to the U.S. |
27.4 |
28.0 |
29.0 |
N/A |
Data Sources: Dept. of Commerce, U.S. Bureau of the Census Trade Data.
General Comptroller of Panama, National Institute of Statistics and Census.
Food and Agriculture Organization of the United Nations (FAOSTAT).
Bulk Agricultural Products
High commodity prices and increased demand for yellow corn sent this category to an all time high. Most important products are yellow corn ($69.9 million, all from the U.S.), wheat ($36.6 million, all from the U.S.), and “paddy” rice ($36.2 million, 99% from the U.S.).
Market Estimates
(in US$ millions) |
2010est |
2011est |
2012est |
2013est |
Total Market Size |
395.6 |
503.2 |
647.8 |
N/A |
Total Local Production |
143.5 |
160.2 |
178.8 |
N/A |
Total Exports |
34.2 |
43.0 |
53.8 |
N/A |
Total Imports |
286.3 |
386.0 |
522.8 |
N/A |
Imports from the U.S. |
148.8 |
200.0 |
266.0 |
N/A |
Exports to the U.S. |
25.6 |
32.0 |
40.0 |
N/A |
Data Sources: Dept. of Commerce, U.S. Bureau of the Census Trade Data.
General Comptroller of Panama, National Institute of Statistics and Census.
Food and Agriculture Organization of the United Nations (FAOSTAT).
Intermediate Agricultural Products
High demand for soybean meal ($57.5 million) continues to drive this sector, which is mainly used for chicken and pork production. All soybean meal imports are from the U.S.
Market Estimates
(in US$ millions) |
2010est |
2011est |
2012est |
2013est |
Total Market Size |
189.8 |
193.5 |
196.1 |
N/A |
Total Local Production |
4.3 |
4.5 |
5.1 |
N/A |
Total Exports |
22.8 |
22.0 |
23.0 |
N/A |
Total Imports |
208.3 |
211.0 |
214.0 |
N/A |
Imports from the U.S. |
94.9 |
95.0 |
97.0 |
N/A |
Exports to the U.S. |
0.3 |
0.4 |
0.4 |
N/A |
Data Sources: Dept. of Commerce, U.S. Bureau of the Census Trade Data.
General Comptroller of Panama, National Institute of Statistics and Census.
Food and Agriculture Organization of the United Nations (FAOSTAT).
For More Information
In Panama, the U.S. Department of Agriculture maintains a Foreign Agricultural Service (FAS) office. FAS links U.S. agriculture to the world to enhance export opportunities and global food security. You can contact the U.S. Embassy Panama FAS office via email at: agpanamacity@fas.usda.gov; by phone at 011-507-317-5297; or by visiting the FAS Panama website at http://panama.usembassy.gov/fas.html.
