Largest market shown
Oils: petroleum oils and oils obtained from bituminous minerals, crude
$13.1B of latest reported imports and $8.5B of calculated three-year opportunity.
Importer opportunity guide
Panama import opportunities
where to source next
Explore Panama's import market by product, supplier concentration, demand growth, and sourcing gaps. Use reported market size and calculated indicators to decide where deeper supplier research may be useful.
Latest imports$56.2B2024 reported value
Import CAGR+10.5%Three-year reported change
GDP$86.5BLatest reported value
GDP per capita$19.2KLatest reported value
Trade openness84.5%Reported share of GDP
Panama import opportunities
What makes this an attractive import market?
Compare market size and growth with supplier concentration. A large market may still need product, quality, tariff, logistics, and buyer validation.
Current import base
$56.2B in imports
Panama recorded $56.2B in imports in 2024, with a three-year change of +10.5%.
How to use the guide
Compare demand with supply
Start with the highest-value products, then review supplier concentration and market conditions before choosing a sourcing route.
Import market overview
Find products where demand and sourcing options meet
This page separates reported import observations from calculated indicators so market size is not mistaken for a guaranteed sourcing opportunity.
Panama imports products from suppliers across major trade regions. The current profile reports $56.2B of imports in 2024, while the opportunity view highlights product and supplier combinations where market demand and supply context may justify further research.
Use the opportunity table to compare product market size, demand growth, supplier counts, concentration, and projected imports. High concentration can indicate reliance on a small supplier base; it can also reflect specialized products that require careful validation.
Top import opportunities
Products and supplier context to review
The top 50 screened products are ranked by calculated three-year opportunity. Reported market values and calculated indicators are labeled separately.
| Rank | Product | Market size | Demand growth | Suppliers | Concentration | Top supplier | Projected imports |
|---|---|---|---|---|---|---|---|
| 1 | HS 270900Oils: petroleum oils and oils obtained from bituminous minerals, crude | $13.1BLatest imports | +17.2% | 9 | 2978 | ECUDeclining | $21.2B |
| 2 | HS 999999Commodities not specified according to kind | $5.4BLatest imports | +10.3% | 10 | 9579 | SGPGrowing | $7.2B |
| 3 | HS 293379Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $1.9BLatest imports | +59.5% | 7 | 8686 | ESPDeclining | $3.8B |
| 4 | HS 890190Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods | $6.0BLatest imports | -0.0% | 16 | 4488 | JPNDeclining | $6.0B |
| 5 | HS 271019Product description unavailable | $5.4BLatest imports | +9.8% | 64 | 2696 | USADeclining | $7.1B |
| 6 | HS 271012Product description unavailable | $1.3BLatest imports | +11.4% | 28 | 7644 | USADeclining | $1.8B |
| 7 | HS 848790Machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84 | $578.5MLatest imports | +24.0% | 42 | 9673 | CHNDeclining | $1.1B |
| 8 | HS 890120Tankers | $1.3BLatest imports | -1.9% | 6 | 3248 | JPNDeclining | $1.2B |
| 9 | HS 294190Antibiotics: n.e.c. in heading no. 2941 | $314.5MLatest imports | +8.9% | 13 | 9955 | USADeclining | $406.5M |
| 10 | HS 890590Vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks | $313.7MLatest imports | +17.8% | 5 | 5948 | KORDeclining | $513.4M |
| 11 | HS 880529Ground flying trainers and parts thereof: other than air combat simulators and parts thereof | $170.0MLatest imports | +32.2% | 7 | 9710 | USAGrowing | $332.0M |
| 12 | HS 271111Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $153.1MLatest imports | +45.0% | 4 | 10000 | USAGrowing | $299.0M |
| 13 | HS 880330Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $187.6MLatest imports | +16.4% | 37 | 9333 | USADeclining | $295.7M |
| 14 | HS 640299Footwear: n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics | $292.1MLatest imports | +6.0% | 43 | 6393 | CHNDeclining | $348.1M |
| 15 | HS 880390Aircraft and spacecraft: parts thereof n.e.c. in chapter 88 | $136.5MLatest imports | +25.4% | 16 | 9958 | USADeclining | $266.7M |
| 16 | HS 293399Heterocyclic compounds: n.e.c. in headings no. 2933 | $166.6MLatest imports | +15.0% | 14 | 9930 | CHNDeclining | $253.7M |
| 17 | HS 730890Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $213.9MLatest imports | +15.4% | 50 | 5533 | CHNDeclining | $328.4M |
| 18 | HS 851770Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $186.7MLatest imports | +9.7% | 51 | 6333 | CHNStable | $246.2M |
| 19 | HS 300215Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, put up in measured doses or in forms or packings for retail sale | $198.2MLatest imports | +19.2% | 30 | 3720 | USADeclining | $335.5M |
| 20 | HS 620462Trousers, bib and brace overalls, breeches and shorts: women's or girls', of cotton (not knitted or crocheted) | $176.3MLatest imports | +4.3% | 55 | 7990 | CHNDeclining | $199.9M |
| 21 | HS 870322Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc | $303.3MLatest imports | +7.6% | 23 | 2804 | CHNDeclining | $377.4M |
| 22 | HS 711319Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $281.5MLatest imports | -0.2% | 31 | 4800 | ITADeclining | $279.6M |
| 23 | HS 220820Spirits obtained by distilling grape wine or grape marc | $161.4MLatest imports | +17.6% | 19 | 5406 | USADeclining | $262.4M |
| 24 | HS 852580Television cameras, digital cameras and video camera recorders | $170.9MLatest imports | +5.4% | 54 | 5662 | USADeclining | $200.1M |
| 25 | HS 842139Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines | $98.6MLatest imports | +17.5% | 63 | 8159 | CHNDeclining | $159.8M |
| 26 | HS 847130Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $261.9MLatest imports | +9.2% | 58 | 2823 | CHNDeclining | $341.2M |
| 27 | HS 100590Cereals: maize (corn), other than seed | $118.7MLatest imports | +6.1% | 8 | 9551 | USAGrowing | $141.7M |
| 28 | HS 330300Perfumes and toilet waters | $307.5MLatest imports | +4.3% | 40 | 2380 | USADeclining | $349.1M |
| 29 | HS 852872Reception apparatus for television, whether or not incorporating radio-broadcast receivers or sound or video recording or reproducing apparatus: incorporating a colour video display or screen | $192.8MLatest imports | +3.3% | 35 | 4283 | CHNDeclining | $212.6M |
| 30 | HS 300490Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $786.4MLatest imports | +8.7% | 71 | 698 | DEUGrowing | $1.0B |
| 31 | HS 841510Air conditioning machines: comprising a motor-driven fan and elements for changing the temperature and humidity, window or wall types, self-contained or split-system | $125.0MLatest imports | +6.5% | 32 | 6905 | CHNDeclining | $150.8M |
| 32 | HS 640419Footwear: (other than sportswear), with outer soles of rubber or plastics and uppers of textile materials | $151.2MLatest imports | +4.9% | 43 | 5307 | CHNDeclining | $174.5M |
| 33 | HS 270799Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707 | $106.2MLatest imports | +21.2% | 7 | 4885 | DNKSlowing | $188.9M |
| 34 | HS 271112Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $58.9MLatest imports | +26.4% | 7 | 9909 | USADeclining | $115.0M |
| 35 | HS 854140Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $79.4MLatest imports | +15.7% | 47 | 8244 | CHNDeclining | $122.8M |
| 36 | HS 220830Whiskies | $170.4MLatest imports | +7.1% | 32 | 4200 | GBRDeclining | $209.3M |
| 37 | HS 950300Tricycles, scooters, pedal cars and similar wheeled toys: dolls' carriages: dolls: other toys: reduced-size (scale) models and similar recreational models, working or not: puzzles of all kinds | $122.2MLatest imports | +2.9% | 54 | 6968 | CHNDeclining | $133.0M |
| 38 | HS 851712Telephones for cellular networks or for other wireless networks | $320.2MLatest imports | +11.0% | 55 | 2029 | HKGStable | $437.9M |
| 39 | HS 230400Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | $90.5MLatest imports | +6.2% | 4 | 9977 | USADeclining | $108.4M |
| 40 | HS 620342Trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted) | $139.3MLatest imports | -0.7% | 54 | 6010 | CHNDeclining | $136.4M |
| 41 | HS 851762Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus | $155.9MLatest imports | +7.8% | 73 | 3279 | CHNDeclining | $195.2M |
| 42 | HS 880310Aircraft and spacecraft: propellers and rotors and parts thereof | $66.7MLatest imports | +13.7% | 16 | 9814 | USADeclining | $98.1M |
| 43 | HS 841810Refrigerators and freezers: combined refrigerator-freezers, fitted with separate external doors, electric or other | $113.5MLatest imports | +8.1% | 23 | 4694 | MEXDeclining | $143.4M |
| 44 | HS 850440Electrical static converters | $85.6MLatest imports | +12.4% | 68 | 4989 | CHNDeclining | $121.7M |
| 45 | HS 210690Food preparations: n.e.s. in item no. 2106.10 | $184.1MLatest imports | +10.3% | 59 | 2133 | CRIDeclining | $247.0M |
| 46 | HS 100610Cereals: rice in the husk (paddy or rough) | $65.6MLatest imports | +16.7% | 7 | 6321 | USADeclining | $104.3M |
| 47 | HS 860500Railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604) | $47.3MLatest imports | +33.8% | 1 | 10000 | JPNDeclining | $92.3M |
| 48 | HS 841451Fans: table, floor, wall, window, ceiling or roof fans, with a self-contained electric motor of an output not exceeding 125W | $94.5MLatest imports | +4.9% | 33 | 5540 | CHNDeclining | $109.2M |
| 49 | HS 271113Petroleum gases and other gaseous hydrocarbons: liquefied, butanes | $67.7MLatest imports | +5.1% | 13 | 9864 | USADeclining | $78.5M |
| 50 | HS 721420Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling | $79.3MLatest imports | +15.9% | 14 | 4832 | TURDeclining | $123.4M |
Showing the five highest-ranked products on mobile. View the complete import opportunity data.
Product sectors
Which sectors carry the most demand?
HS2 sectors group the screened products into broader families for an easier first comparison.
| Sector | Products | Market size | Opportunity | Average growth |
|---|---|---|---|---|
| Mineral fuelsHS2 27 | 5 | $13.5B | $9.2B | +23.0% |
| HS2 sector 99HS2 99 | 1 | $5.4B | $7.0B | +10.3% |
| HS2 sector 00HS2 00 | 2 | $6.7B | $4.6B | +10.6% |
| ShipsHS2 89 | 3 | $7.6B | $4.3B | +5.3% |
| Organic chemicalsHS2 29 | 3 | $2.4B | $4.1B | +27.8% |
| MachineryHS2 84 | 6 | $1.3B | $1.7B | +11.7% |
| AircraftHS2 88 | 4 | $560.9M | $976.1M | +21.9% |
| Electrical equipmentHS2 85 | 7 | $1.2B | $869.6M | +9.3% |
| FootwearHS2 64 | 2 | $443.3M | $396.2M | +5.5% |
| Pharmaceutical productsHS2 30 | 2 | $984.5M | $312.6M | +13.9% |
| Woven apparelHS2 62 | 2 | $315.6M | $283.3M | +1.8% |
| BeveragesHS2 22 | 2 | $331.8M | $280.5M | +12.3% |
Supply gaps
Where supplier concentration deserves attention
The concentration index helps identify products where reported imports rely more heavily on a smaller supplier base. It is a screening signal, not a recommendation by itself.
| Product | Market size | Suppliers | Concentration | Top supplier | Share gap |
|---|---|---|---|---|---|
| HS 860500Railway or tramway coaches: passenger coaches, luggage vans, post office coaches and other special purpose railway or tramway coaches, not self-propelled (excluding those of heading no. 8604) | $47.3M | 1 | 10000 | JPN | 86.1% |
| HS 271111Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $153.1M | 4 | 10000 | USA | 100.0% |
| HS 230400Oil-cake and other solid residues: whether or not ground or in the form of pellets, resulting from the extraction of soya-bean oil | $90.5M | 4 | 9977 | USA | 99.9% |
| HS 880390Aircraft and spacecraft: parts thereof n.e.c. in chapter 88 | $136.5M | 16 | 9958 | USA | 99.8% |
| HS 294190Antibiotics: n.e.c. in heading no. 2941 | $314.5M | 13 | 9955 | USA | 99.8% |
| HS 293399Heterocyclic compounds: n.e.c. in headings no. 2933 | $166.6M | 14 | 9930 | CHN | 99.6% |
| HS 271112Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $58.9M | 7 | 9909 | USA | 99.5% |
| HS 271113Petroleum gases and other gaseous hydrocarbons: liquefied, butanes | $67.7M | 13 | 9864 | USA | 99.3% |
Supplier landscape
Which supplier markets appear most often?
These supplier names come from the leading peer signal in the screened opportunity rows and should be validated at product level.
ECU
Ecuador
1 screened products
$8.5BCalculated opportunity across these rowsUSA
USA, Puerto Rico and US Virgin Islands
17 screened products
$7.5BCalculated opportunity across these rowsSGP
Singapore
1 screened products
$7.0BCalculated opportunity across these rowsJPN
Japan
3 screened products
$4.0BCalculated opportunity across these rowsCHN
China
18 screened products
$3.6BCalculated opportunity across these rowsESP
Spain
1 screened products
$3.5BCalculated opportunity across these rowsKOR
Republic of Korea
1 screened products
$368.9MCalculated opportunity across these rowsITA
Italy
1 screened products
$175.5MCalculated opportunity across these rowsFrequently asked questions
Using the Panama import opportunity index
Definitions and practical guidance for interpreting market size, growth, suppliers, and concentration.
What are the import opportunities?
They are product and supplier combinations in Panama's screened import market with substantial reported demand and calculated opportunity indicators. They are research priorities, not guaranteed savings or supply contracts.
What does supplier concentration mean?
The concentration index indicates how much reported imports rely on a smaller supplier base. A high value can suggest supply dependence, but it can also reflect specialized products or limited reporting.
How should sourcing teams use this page?
Start with products that fit your specification and volume needs, then validate suppliers, tariffs, standards, logistics, pricing, and continuity for Panama.
Data source
OECD trade statistics with CEPII context
OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.