Summary - Trade Mission to Panama 2027

SelectFlorida invites Florida-based manufacturers and professional service providers to attend the Trade Mission to Panama.

With ports on both oceans and known as the “Hub of the Americas,” it’s one of the world’s most connected countries. The United States and Panama maintain a robust trade relationship, primarily structured by the Panama Trade Promotion Agreement (PATPA) which came into effect on October 31, 2012. This free trade agreement has been instrumental in eliminating tariffs and other trade barriers, granting most U.S. goods immediate duty-free access to Panama while also allowing most Panamanian products to enter the U.S. without tariffs. The PATPA has notably boosted U.S. exports, particularly in the agricultural sector, and has also opened up Panama's services market to U.S. companies. As of 2024, the United States holds a significant trade surplus with Panama, with total two-way trade valued at approximately $11.08 billion. Key U.S. exports to Panama include mineral fuels, aircraft, and machinery, while top imports from Panama comprise fish, precious stones, and electrical equipment, underscoring the strong and mutually beneficial economic ties between the two nations.

Panama's economic growth has been among the highest in Latin America in recent years, often surpassing larger economies. While other Central American countries like Costa Rica also have relatively stable economies, Panama's GDP per capita is the highest in the region, reflecting its high productivity and significant foreign investment.

Panama stands as a major economic powerhouse within Central America, consistently outperforming its regional neighbors in key metrics. Its economic strength is largely derived from a robust and diversified service sector, which accounts for approximately 80% of its GDP. The country's strategic location and the operation of the Panama Canal are the primary drivers of its prosperity.

Florida companies can participate in pre-screened, one-on-one business meetings with local companies interested in their product line. All meetings are organized in coordination with the U.S. Commercial Service in country. Mission participants will also benefit from networking events that will attract more businesspersons outside the scheduled appointments and logistical support provided by SelectFlorida with potential buyers, distributors, and representatives from these sectors.

Already registered?