Britain & Latin America Logistics

Exporting Products to PANAMA

Location: Panama is located in the southernmost portion of Central America, bordered by Costa Rica, Colombia, the Caribbean Sea and the Pacific Ocean. The capital and largest city is Panama City.

Is there a trade agreement between Panama and the UK? Yes, as part of the UK-Central America association agreement. The agreement maintains at present the same tariff preferences that are contained in the Central American treaty with the European Union. The other countries included in this trade association are Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua.

Panamanian national currency: Dollar (USD).

Official language: Spanish.

Shipping from the UK to Panama

Transit time via air from the UK to airport in Panama is approximately 3 days. Panama's main cargo international airport is Tocumen, located 24km east of Panama City.

Transit time via sea from the UK to a port in Panama is approximately 19 to 28 days. Panama’s main sea ports are Colon, Cristobal, and Manzanillo at the Atlantic side of the Panama Canal, and Balboa at the Pacific side.

Export documents required include packing list, commercial invoice, and health / organic / EUR1 / phytosanitary certificate(s) where applicable. Requirements for the importer in Panama include having a tax indentification number. Requirements for the exporter in Britain include having an EORI number.

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Video link: YouTube channel (Proinvex Panama)

Top-10 products exported from the United Kingdom to Panama in 2022

M: Millions USD. Source: TRADING ECONOMICS / UN Comtrade

Find opportunities to export to Panama

If you are an exporter based in Britain, the UK Department for International Trade (DIT), offers an online data base where you can search for current export opportunities and pitch your products to overseas buyers including Panamanian importers.

If you are an importer based in Panama looking for British products, we invite you to complete the application form at great.gov.uk to access contact details of British exporters via this tool which is administrated by the UK government. When completing the form, please reply 'Britain Latin America Logistics Ltd' to the question 'Where did you hear about great.gov.uk?'

Import taxes/restrictions in Panama

Visit the official Panamanian customs website at ANA to consult the applicable import taxes and restrictions. If you are based in the UK, you can access the UK official export tool: goods from the United Kingdom to Panama.