# Panama Import Opportunities

Explore Panama's import opportunities by product, supplier concentration, demand growth, and market size.

- Latest import year: 2024
- Latest imports: $56.2B
- Import CAGR: +10.5%
- Trade openness: 84.5%

## Top Import Opportunities

| Rank | Product | Description | Market size | Demand growth | Suppliers | Concentration |
| ---: | --- | --- | ---: | ---: | ---: | ---: |
| 1 | HS 270900 | Oils: petroleum oils and oils obtained from bituminous minerals, crude | $13.1B | +17.2% | 9 | 2978 |
| 2 | HS 999999 | Commodities not specified according to kind | $5.4B | +10.3% | 10 | 9579 |
| 3 | HS 293379 | Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $1.9B | +59.5% | 7 | 8686 |
| 4 | HS 890190 | Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods | $6.0B | -0.0% | 16 | 4488 |
| 5 | HS 271019 | Not reported | $5.4B | +9.8% | 64 | 2696 |
| 6 | HS 271012 | Not reported | $1.3B | +11.4% | 28 | 7644 |
| 7 | HS 848790 | Machinery parts: not containing electrical connectors, insulators, coils, contacts or other electrical features, n.e.c. in chapter 84 | $578.5M | +24.0% | 42 | 9673 |
| 8 | HS 890120 | Tankers | $1.3B | -1.9% | 6 | 3248 |
| 9 | HS 294190 | Antibiotics: n.e.c. in heading no. 2941 | $314.5M | +8.9% | 13 | 9955 |
| 10 | HS 890590 | Vessels: light, fire-floats, floating cranes and other vessels, the navigability of which is subsidiary to their main function, floating docks | $313.7M | +17.8% | 5 | 5948 |
| 11 | HS 880529 | Ground flying trainers and parts thereof: other than air combat simulators and parts thereof | $170.0M | +32.2% | 7 | 9710 |
| 12 | HS 271111 | Petroleum gases and other gaseous hydrocarbons: liquefied, natural gas | $153.1M | +45.0% | 4 | 10000 |
| 13 | HS 880330 | Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803 | $187.6M | +16.4% | 37 | 9333 |
| 14 | HS 640299 | Footwear: n.e.s. in heading no. 6402, (other than just covering the ankle), with outer soles and uppers of rubber or plastics | $292.1M | +6.0% | 43 | 6393 |
| 15 | HS 880390 | Aircraft and spacecraft: parts thereof n.e.c. in chapter 88 | $136.5M | +25.4% | 16 | 9958 |
| 16 | HS 293399 | Heterocyclic compounds: n.e.c. in headings no. 2933 | $166.6M | +15.0% | 14 | 9930 |
| 17 | HS 730890 | Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $213.9M | +15.4% | 50 | 5533 |
| 18 | HS 851770 | Telephone sets and other apparatus for the transmission or reception of voice, images or other data, via a wired or wireless network: parts | $186.7M | +9.7% | 51 | 6333 |
| 19 | HS 300215 | Blood, 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 | $198.2M | +19.2% | 30 | 3720 |
| 20 | HS 620462 | Trousers, bib and brace overalls, breeches and shorts: women's or girls', of cotton (not knitted or crocheted) | $176.3M | +4.3% | 55 | 7990 |
| 21 | HS 870322 | Vehicles: with only spark-ignition internal combustion piston engine, cylinder capacity over 1000 but not over 1500cc | $303.3M | +7.6% | 23 | 2804 |
| 22 | HS 711319 | Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $281.5M | -0.2% | 31 | 4800 |
| 23 | HS 220820 | Spirits obtained by distilling grape wine or grape marc | $161.4M | +17.6% | 19 | 5406 |
| 24 | HS 852580 | Television cameras, digital cameras and video camera recorders | $170.9M | +5.4% | 54 | 5662 |
| 25 | HS 842139 | Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines | $98.6M | +17.5% | 63 | 8159 |
| 26 | HS 847130 | Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display | $261.9M | +9.2% | 58 | 2823 |
| 27 | HS 100590 | Cereals: maize (corn), other than seed | $118.7M | +6.1% | 8 | 9551 |
| 28 | HS 330300 | Perfumes and toilet waters | $307.5M | +4.3% | 40 | 2380 |
| 29 | HS 852872 | Reception 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 | $192.8M | +3.3% | 35 | 4283 |
| 30 | HS 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $786.4M | +8.7% | 71 | 698 |
| 31 | HS 841510 | Air conditioning machines: comprising a motor-driven fan and elements for changing the temperature and humidity, window or wall types, self-contained or split-system | $125.0M | +6.5% | 32 | 6905 |
| 32 | HS 640419 | Footwear: (other than sportswear), with outer soles of rubber or plastics and uppers of textile materials | $151.2M | +4.9% | 43 | 5307 |
| 33 | HS 270799 | Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707 | $106.2M | +21.2% | 7 | 4885 |
| 34 | HS 271112 | Petroleum gases and other gaseous hydrocarbons: liquefied, propane | $58.9M | +26.4% | 7 | 9909 |
| 35 | HS 854140 | Electrical apparatus: photosensitive, including photovoltaic cells, whether or not assembled in modules or made up into panels, light emitting diodes | $79.4M | +15.7% | 47 | 8244 |
| 36 | HS 220830 | Whiskies | $170.4M | +7.1% | 32 | 4200 |
| 37 | HS 950300 | Tricycles, 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 | $122.2M | +2.9% | 54 | 6968 |
| 38 | HS 851712 | Telephones for cellular networks or for other wireless networks | $320.2M | +11.0% | 55 | 2029 |
| 39 | HS 230400 | Oil-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 | +6.2% | 4 | 9977 |
| 40 | HS 620342 | Trousers, bib and brace overalls, breeches and shorts: men's or boys', of cotton (not knitted or crocheted) | $139.3M | -0.7% | 54 | 6010 |
| 41 | HS 851762 | Communication 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 | $155.9M | +7.8% | 73 | 3279 |
| 42 | HS 880310 | Aircraft and spacecraft: propellers and rotors and parts thereof | $66.7M | +13.7% | 16 | 9814 |
| 43 | HS 841810 | Refrigerators and freezers: combined refrigerator-freezers, fitted with separate external doors, electric or other | $113.5M | +8.1% | 23 | 4694 |
| 44 | HS 850440 | Electrical static converters | $85.6M | +12.4% | 68 | 4989 |
| 45 | HS 210690 | Food preparations: n.e.s. in item no. 2106.10 | $184.1M | +10.3% | 59 | 2133 |
| 46 | HS 100610 | Cereals: rice in the husk (paddy or rough) | $65.6M | +16.7% | 7 | 6321 |
| 47 | HS 860500 | Railway 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 | +33.8% | 1 | 10000 |
| 48 | HS 841451 | Fans: table, floor, wall, window, ceiling or roof fans, with a self-contained electric motor of an output not exceeding 125W | $94.5M | +4.9% | 33 | 5540 |
| 49 | HS 271113 | Petroleum gases and other gaseous hydrocarbons: liquefied, butanes | $67.7M | +5.1% | 13 | 9864 |
| 50 | HS 721420 | Iron 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 | $79.3M | +15.9% | 14 | 4832 |

## Supply Gaps

Products with higher supplier concentration may deserve closer continuity and sourcing review. This is a screening signal, not a recommendation by itself.

## Method

Reported trade observations and calculated indicators are shown separately. Validate suppliers, tariffs, standards, logistics, pricing, and continuity before acting.

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.