Vegetables Exports of Panama: The Trade Analysis of 2024

Panama, located in Central America, bordered by the Caribbean Sea, the Pacific Ocean, Costa Rica, and Colombia, has been gradually emerging as a top exporter of vegetables in the international trade market. Panama Import Data states that the evolution of Panama’s farming industries has led to an increase in the overall valuation of vegetable exports, driven by technological advancements in industrial sectors. The upgradation of the agricultural infrastructure and the cold chain systems controlled by the atmosphere containers and irrigation networks has enhanced the high-quality production.

The technology and farm innovation, like the use of modern tech ozone recyclers and precision irrigation to improve the yield, have tripled the growth of the production rate. The export promotion and market access, along with the growing demand from distant importers of vegetables, have resulted in an export trade value of vegetables worth 1.9 billion US dollars from Panama in 2024. The implemented trade agreements provide duty-free exports, tax breaks, and simplified customs procedures to the domestic exporters. Import Globals Panama trade data provides a brief outlook of the overall amount of vegetables exported from the nation to the business owners who are actively looking for the upcoming investment opportunities in the global trade market that can get them a beneficial outcome in their future trade aspects.

GOVERNMENT INITIATIVES SUPPORTING THE EXPORT OF VEGETABLES FROM PANAMA IN 2024

The Government Authorities of Panama have been working in a continuous manner through the introduction of different initiatives in the export infrastructure to counter the trade by a positive rate. The State Agro-Food Policy Act, implemented under the PADE, was structured to emphasize technological upgrades like greenhouses, disease-resistant seeds, and bio-fortification to help the smallholders efficiently shift their overall production.

The export promotion via PROPANAMA and MICI is designed to record a 5–20% increase in the fruit and vegetable shipments to the EU. It has supported the domestic producers at events like fruit attractions in Madrid and other trade fairs. The active participation has expanded their global reach. The Ministry of Agricultural Development Support has provided logistical, technical, and marketing guidance to the small and medium enterprises to help them grow their strategies and production rates efficiently.

THE LEADING VARIETIES OF VEGETABLES EXPORTED FROM PANAMA IN 2024

As the management authorities of Panama have recorded a rise in the global demand for vegetables, it has introduced more diversification in the export portfolio via efficient productivity of the industrial sectors. According to the Panama Export Data, the top 10 leading varieties of vegetables exported from the nation in 2024 are,

  1. Tomatoes — The total annual trade value of Tomatoes exported from Panama in 2024–542 million US dollars
  2. Chilies & Green Peppers — The total annual trade value of Chilies & Green Peppers exported from Panama in 2024–287 million US dollars
  3. Onions — The total annual trade value of Onions exported from Panama in 2024–176 million US dollars
  4. Cucumbers & Gherkins — The total annual trade value of Cucumbers & Gherkins exported from Panama in 2024–142 million US dollars
  5. Fresh vegetables — The total annual trade value of Fresh vegetables exported from Panama in 2024–122 million US dollars
  6. Cauliflower & Broccoli– The total annual trade value of Cauliflower & Broccoli exported from Panama in 2024–108 million US dollars.
  7. Lettuce & Chicory– The total annual trade value of Lettuce & Chicory exported from Panama in 2024–89 million US dollars
  8. Cabbage & Other Brassicas– The total annual trade value of Cabbage & Other Brassicas exported from Panama in 2024–76 million US dollars
  9. Carrots & Turnips– The total annual trade value of Carrots & Turnips exported from Panama in 2024–68 million US dollars
  10. Asparagus– The total annual trade value of Asparagus exported from Panama in 2024–54 million US dollars

TOP 10 EXPORT TRADE PARTNERS OF PANAMA FOR VEGETABLES IN 2024

Despite different trade fluctuations, Panama has still maintained a stronger bilateral relationship with the emerging markets and the management firms worldwide exporting a wide array of vegetables. According to the Panama Customs Data, the top 10 import trade partners of the nation in 2024 are,

  1. United States — The annual valuation of vegetables exported from Panama to the United States in 2024–412 million US dollars

Top 5 variants of vegetables exported

1. Carrots

2. Purple carrots

3. Yellow carrots

4. Turnips

5. Beets

2. China — The annual valuation of vegetables exported from Panama to China in 2024–265 million US dollars

Top 5 variants of vegetables exported

1. Romaine lettuce

2. Iceberg lettuce

3. Butterhead lettuce

4. Chicory

5. Radicchio

3. Netherlands — The annual valuation of vegetables exported from Panama to the Netherlands in 2024–187 million US dollars

Top 5 variants of vegetables exported

1. Cabbage

2. Red cabbage

3. Chinese cabbage

4. Kohlrabi

5. Head lettuce

4. Belgium — The annual valuation of vegetables exported from Panama to the Netherlands in 2024–142 million US dollars

Top 5 variants of vegetables exported

1. Iceberg lettuce

2. Butterhead lettuce

3. Chicory

4. Radicchio

5. Carrots

5. Japan — The annual valuation of vegetables exported from Panama to the Netherlands in 2024–121 million US dollars

Top 5 variants of vegetables exported

1. Red cabbage

2. Chinese cabbage

3. Kohlrabi

4. Head lettuce

5. Romaine lettuce

6. South Korea — The annual valuation of vegetables exported from Panama to South Korea in 2024–109 million US dollars

Top 5 variants of vegetables exported

1. Cauliflower

2. Broccoli

3. Brussels sprouts

4. Kale

5. Cabbage

7. Italy– The annual valuation of vegetables exported from Panama to Italy in 2024–84 million US dollars

Top 5 variants of vegetables exported

1. New Zealand spinach

2. Sweet corn

3. Leeks

4. Onions

5. Garlic

8. Guatemala — The annual valuation of vegetables exported from Panama to Guatemala in 2024–76 million US dollars

Top 5 variants of vegetables exported

1. Green bell peppers

2. Red bell peppers

3. Yellow bell peppers

4. Hot chili peppers

5. Spinach

9. Mexico — The annual valuation of vegetables exported from Panama to Mexico in 2024–68 million US dollars

Top 5 variants of vegetables exported

1. Asparagus

2. Eggplants

3. Celery

4. Mushrooms

5. Truffles

10. Germany — The annual valuation of vegetables exported from Panama to Mexico in 2024–54 million US dollars

Top 5 variants of vegetables exported

1. Tomatoes

2. Cherry tomatoes

3. Roma tomatoes

4. Beefsteak tomatoes

5. Globe artichokes

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