# Panama Agriculture and food Export Opportunities (HS 01-24)

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> Yugalinks sector export playbook

Explore Panama HS 01-24 agriculture and food export opportunities, product portfolio, buyer markets, growth signals, and diversification opportunities.

## Overview

- Exporter: Panama (PAN)
- Sector: Agriculture and food
- HS chapters: HS 01-24
- Latest trade year: 2024
- Sector exports: $72.9M
- Products: 40
- Buyer markets: 14
- Average CAGR: +14.0%
- Global sector size: $145.3B

## Product portfolio

| Product | Global size | Your exports | Opportunity | CAGR | Markets | Share |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| HS 020230 - Meat: of bovine animals, boneless cuts, frozen | $10.7B | $3.2M | $11.4B | +39.0% | 1 | +0.0% |
| HS 210690 - Food preparations: n.e.s. in item no. 2106.10 | $17.2B | $4.5M | $9.6B | +14.8% | 5 | +0.0% |
| HS 220300 - Beer: made from malt | $8.7B | $46.4K | $8.5B | +14.8% | 2 | +0.0% |
| HS 190590 - Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products | $9.1B | $12.3K | $7.2B | -9.6% | 2 | +0.0% |
| HS 220890 - Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208 | $4.9B | $333.9 | $6.6B | -17.6% | 1 | +0.0% |
| HS 030617 - Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $9.1B | $8.7M | $6.2B | +4.1% | 2 | +0.1% |
| HS 090111 - Coffee: not roasted or decaffeinated | $14.8B | $6.9M | $6.1B | -3.3% | 4 | +0.0% |
| HS 220421 - Wine: still, in containers holding 2 litres or less | $9.3B | $80.5K | $4.0B | -2.2% | 3 | +0.0% |
| HS 240220 - Cigarettes: containing tobacco | $3.9B | $38.9K | $3.6B | -32.1% | 2 | +0.0% |
| HS 090121 - Coffee: roasted, not decaffeinated | $3.9B | $2.0M | $2.6B | +26.1% | 2 | +0.0% |
| HS 220820 - Spirits obtained by distilling grape wine or grape marc | $2.2B | $11.5K | $2.5B | +9.4% | 2 | +0.0% |
| HS 030441 - Fish fillets: fresh or chilled, salmon, Pacific (Oncorhynchus nerka, Oncorhynchus gorbuscha, Oncorhynchus keta, Oncorhynchus tschawytscha, Oncorhynchus kisutch, Oncorhynchus masou and Oncorhynchus rhodurus), Atlantic (Salmo salar), Danube (Hucho hucho) | $2.6B | $2.5K | $2.2B | -7.4% | 1 | +0.0% |
| 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 | $2.3B | $14.8M | $2.2B | +71.4% | 1 | +1.0% |
| HS 030633 - Crustaceans: live, fresh or chilled, crabs, whether in shell or not | $1.7B | $244.3 | $2.1B | -55.8% | 1 | +0.0% |
| HS 151800 - Animal or vegetable fats and oils and their fractions: oxidised, boiled or otherwise chemically modified, (excluding those of heading no. 1516), inedible mixtures or preparations of fats or oils | $2.4B | $141.4K | $2.1B | -20.3% | 1 | +0.0% |
| HS 151190 - Vegetable oils: palm oil and its fractions, other than crude, whether or not refined, but not chemically modified | $1.6B | $1.4M | $2.0B | +582.0% | 1 | +0.1% |
| HS 060319 - Flowers, cut: flowers and buds of a kind suitable for bouquets or ornamental purposes, fresh, other than roses, carnations, orchids, or chrysanthemums | $2.2B | $9.0K | $1.9B | -2.1% | 2 | +0.0% |
| HS 070960 - Vegetables: fruits of the genus capsicum or of the genus pimenta | $2.2B | $460.3K | $1.9B | +23.6% | 1 | +0.0% |
| HS 230120 - Flours, meals and pellets: of fish or of crustaceans, molluscs or other aquatic invertebrates | $3.0B | $26.3M | $1.7B | +22.5% | 1 | +0.9% |
| HS 190531 - Food preparations: sweet biscuits, whether or not containing cocoa | $2.4B | $13.4K | $1.6B | -0.2% | 1 | +0.0% |
| HS 220830 - Whiskies | $2.1B | $13.9K | $1.5B | +5.6% | 1 | +0.0% |
| HS 170490 - Sugar confectionery: (excluding chewing gum, including white chocolate), not containing cocoa | $3.2B | $250.5K | $1.5B | +6.1% | 1 | +0.0% |
| HS 180100 - Cocoa beans: whole or broken, raw or roasted | $3.7B | $89.1K | $1.4B | +2.0% | 1 | +0.0% |
| HS 180620 - Chocolate & other food preparations containing cocoa: in blocks, slabs or bars weighing more than 2kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, content exceeding 2kg | $1.4B | $28.3K | $1.4B | +15.5% | 1 | +0.0% |
| HS 060290 - Plants, live: n.e.s. in heading no. 0602 | $1.5B | $878.1 | $1.3B | -24.6% | 1 | +0.0% |
| HS 240210 - Cigars, cheroots and cigarillos: containing tobacco including the weight of every band, wrapper or attachment thereto | $1.5B | $19.2K | $1.3B | -7.2% | 1 | +0.0% |
| HS 020130 - Meat: of bovine animals, boneless cuts, fresh or chilled | $1.2B | $1.3K | $1.2B | -0.3% | 1 | +0.0% |
| HS 230910 - Dog or cat food: put up for retail sale, used in animal feeding | $2.2B | $9.6K | $1.1B | +11.5% | 1 | +0.0% |
| HS 030614 - Crustaceans: crabs, frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water) | $1.0B | $2.4K | $1.1B | -13.7% | 1 | +0.0% |
| HS 220410 - Wine: sparkling | $1.7B | $122.2K | $1.1B | +13.7% | 1 | +0.0% |
| HS 070700 - Vegetables: cucumbers and gherkins, fresh or chilled | $1.4B | $3.3K | $1.1B | -6.8% | 1 | +0.0% |
| HS 180690 - Chocolate and other food preparations containing cocoa: n.e.c. in chapter 18 | $1.9B | $29.2K | $1.0B | -0.3% | 1 | +0.0% |
| HS 200912 - Juice: orange, not frozen, of a Brix value not exceeding 20, unfermented, not containing added spirit, whether or not containing added sugar or other sweetening matter | $790.6M | $60.3K | $984.8M | +16.3% | 1 | +0.1% |
| HS 080430 - Fruit, edible: pineapples, fresh or dried | $774.0M | $70.0K | $915.3M | +0.6% | 1 | +0.0% |
| HS 070993 - Vegetables: pumpkins, squash and gourds (Cucurbita spp.), fresh or chilled | $522.0M | $3.4M | $891.0M | -4.7% | 1 | +0.6% |
| HS 151211 - Vegetable oils: sunflower seed or safflower oil and their fractions, crude, not chemically modified | $1.2B | $322.0 | $849.6M | +4.7% | 1 | +0.0% |
| HS 160232 - Meat preparations: of the poultry of heading no. 0105, (i.e. of fowls of the species Gallus domesticus) | $546.6M | $62.2K | $841.3M | +14.7% | 1 | +0.0% |
| HS 200899 - Fruit, nuts and other edible parts of plants: prepared or preserved, whether or not containing added sugar, other sweetening matter or spirit, n.e.s. in heading no. 2008 | $1.9B | $28.0K | $815.7M | +2.9% | 1 | +0.0% |
| HS 220210 - Waters: including mineral and aerated, containing added sugar or other sweetening matter or flavoured | $1.7B | $80.7K | $804.3M | +14.2% | 1 | +0.0% |
| HS 170114 - Sugars: cane sugar, raw, in solid form, other than as specified in Subheading Note 2 to this chapter, not containing added flavouring or colouring matter | $814.6M | $686.1 | $789.1M | +21.0% | 1 | +0.0% |

## Best markets

- USA, Puerto Rico and US Virgin Islands (USA): $59.8B calculated opportunity across 30 products.
- China (CHN): $22.2B calculated opportunity across 6 products.
- Germany (DEU): $7.7B calculated opportunity across 5 products.
- Canada (CAN): $4.5B calculated opportunity across 3 products.
- Mexico (MEX): $2.2B calculated opportunity across 2 products.
- Indonesia (IDN): $2.2B calculated opportunity across 1 products.
- France (FRA): $2.0B calculated opportunity across 2 products.
- Netherlands (NLD): $1.4B calculated opportunity across 1 products.
- United Kingdom (GBR): $1.1B calculated opportunity across 1 products.
- Italy (ITA): $1.1B calculated opportunity across 1 products.
- Belgium (BEL): $994.4M calculated opportunity across 1 products.
- Republic of Korea (KOR): $994.2M calculated opportunity across 1 products.

## Growth stars

- HS 151190: +582.0% average CAGR, $2.0B calculated opportunity.
- HS 230400: +71.4% average CAGR, $2.2B calculated opportunity.
- HS 020230: +39.0% average CAGR, $11.4B calculated opportunity.
- HS 090121: +26.1% average CAGR, $2.6B calculated opportunity.
- HS 070960: +23.6% average CAGR, $1.9B calculated opportunity.
- HS 230120: +22.5% average CAGR, $1.7B calculated opportunity.
- HS 170114: +21.0% average CAGR, $789.1M calculated opportunity.
- HS 200912: +16.3% average CAGR, $984.8M calculated opportunity.
- HS 180620: +15.5% average CAGR, $1.4B calculated opportunity.
- HS 210690: +14.8% average CAGR, $9.6B calculated opportunity.

## Diversification opportunities

- HS 210690: 5 buyer markets, $9.6B calculated opportunity.
- HS 090111: 4 buyer markets, $6.1B calculated opportunity.
- HS 220421: 3 buyer markets, $4.0B calculated opportunity.
- HS 220300: 2 buyer markets, $8.5B calculated opportunity.
- HS 190590: 2 buyer markets, $7.2B calculated opportunity.
- HS 030617: 2 buyer markets, $6.2B calculated opportunity.
- HS 240220: 2 buyer markets, $3.6B calculated opportunity.
- HS 090121: 2 buyer markets, $2.6B calculated opportunity.
- HS 220820: 2 buyer markets, $2.5B calculated opportunity.
- HS 060319: 2 buyer markets, $1.9B calculated opportunity.

## Method

Reported trade observations and calculated indicators are shown separately. Validate buyers, standards, logistics, pricing, and competition before acting. [Read the Yugalinks methodology](https://www.yugalinks.com/methodology).

## 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.