Panama - Agricultural Products Panama - Agricultural Products
Consumer oriented products constitute the most important agricultural sector. The primary products are dairy products ($49.6 million), prepared food ($48.9 million), chocolate and cocoa products ($39.2 million) and wine and beer ($27.7 million). All of these categories, in 2014 denote the highest export levels since at least 1970, with an annual growth of 5%. Specialty food products, such as confections, cheese, coffee, wines, beers, snacks, spices, ethnic, natural, organic, fat free, low sodium, lactose free, gluten free and more, represent best prospects of U.S. exports to Panama, due to the growing demand of consumers. On the other hand, Panamanian production and exports to the rest of the world, has declined dramatically, due to contraction in the agricultural sector.
Bulk Agricultural Products
U.S. exports of bulk agricultural products to Panama increased 6.8% last year. Principal products in this category include: yellow corn ($84.2 million), wheat ($34.0 million) and “paddy” rice ($11.3 million).
Intermediate Agricultural Products
High demand for soybean meal ($81.8 million) continues to drive this sector, which is mainly used for feeding chicken and pork production. All soybean meal imports are from the U.S.
Market Estimates
Data Sources: Dept. of Commerce, U.S. Bureau of the Census Trade Data.
General Comptroller of Panama, National Institute of Statistics and Census.