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Products Panama is Dependent On That Come From Other Countries
Grains: Panama imports various grains such as rice, wheat, and corn to meet domestic demand. While there is some production of these grains in Panama, it's not sufficient to fulfill the country's needs, leading to imports from countries with larger production capacities.
Edible Oils: Edible oils like soybean oil, palm oil, and sunflower oil are imported into Panama for cooking and food processing purposes. Limited local production and demand for specific types of oils result in the need for imports.
Processed Foods: Panama imports a wide range of processed food products, including snacks, canned foods, and beverages. These products cater to consumer preferences and provide variety in the market.
Dairy Products: Despite having a dairy industry, Panama imports significant quantities of dairy products such as milk powder, cheese, and butter. Imports supplement domestic production to meet the growing demand for dairy products.
Meat and Poultry: Panama imports various types of meat and poultry products, including beef, chicken, and pork. While there is domestic production of meat, imports are necessary to meet consumer demand and ensure a diverse supply of meat products.
Fruits and Vegetables: Panama imports certain fruits and vegetables that are not locally produced or are out of season. Tropical fruits like bananas, pineapples, and mangoes are also imported to supplement domestic production.
Coffee: While Panama is known for its specialty coffee production, it also imports coffee to meet domestic demand, especially for lower-grade coffee varieties or for blending purposes in the local market.
Sugar: Panama imports sugar to supplement domestic production, particularly during periods of high demand or when local production falls short of meeting consumption needs.
Spices and Condiments: Panama imports various spices, herbs, and condiments to meet the culinary preferences of its diverse population. These imports contribute to the flavor profiles of local dishes and international cuisines.
Animal Feed: Panama imports animal feed ingredients such as soybean meal, corn, and wheat bran to support its livestock industry. These imports are essential for maintaining the health and productivity of livestock animals.
Panama's Highest Exporting Commodities
Panamas top 5 highest exporting commodities in order are 1. ores, slag, ash, 2. pharmaceuticals, 3. electrical machinery and equipment, 4. machinery including computers, and 5. organic chemicals.
Agricultural Trade Deals Panama Has With Other Countries
Panama is part of two agricultural trade deals with other countries, Central America-Dominican Republic Free Trade Agreement (CAFTA-DR), and the Association of Carribean States (ACS).
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