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Top Exports
As of 2022, Panama's total merchandise exports were valued at approximately **US\$36.67 billion**, reflecting a diverse export portfolio with significant contributions from the mining, agriculture, and manufacturing sectors. | Rank | Product Category | Export Value (US\$ Billion) | Share of Total Exports | | ---- | --------------------------------------- | --------------------------- | ---------------------- | | 1 | **Copper ores and concentrates** | \$2.51 | 6.8% | | 2 | **Passenger and cargo ships** | \$1.20 | 3.3% | | 3 | **Bananas** | \$0.96 | 2.6% | | 4 | **Special purpose ships** | \$0.85 | 2.3% | | 5 | **Refined petroleum** | \$0.75 | 2.0% | | 6 | **Shrimp and prawns** | \$0.60 | 1.6% | | 7 | **Gold** | \$0.55 | 1.5% | | 8 | **Coffee** | \$0.50 | 1.4% | | 9 | **Sugar** | \$0.45 | 1.2% | | 10 | **Beef** | \$0.40 | 1.1% | | 11 | **Timber and wood products** | \$0.35 | 1.0% | | 12 | **Pharmaceutical products** | \$0.30 | 0.8% | | 13 | **Iron and steel products** | \$0.25 | 0.7% | | 14 | **Aluminum and articles thereof** | \$0.20 | 0.5% | | 15 | **Machinery and mechanical appliances** | \$0.18 | 0.5% | | 16 | **Electrical machinery and equipment** | \$0.15 | 0.4% | | 17 | **Plastics and articles thereof** | \$0.12 | 0.3% | | 18 | **Textiles and garments** | \$0.10 | 0.3% | | 19 | **Cement and construction materials** | \$0.08 | 0.2% | | 20 | **Fruits (excluding bananas)** | \$0.05 | 0.1% | Top Export Destinations **China**: \$1.20 billion (32.7% of total exports) **Japan**: \$0.55 billion (15.0%) **South Korea**: \$0.27 billion (7.4%) **India**: \$0.24 billion (6.5%) **Germany**: \$0.23 billion (6.4%) These figures highlight Panama's strong trade relationships with major economies in Asia and Europe.
