China–Panama Bilateral Trade 2026
China–Panama trade reached $10.6B in January–September 2026, +8.2% year on year. China exported $10.5B and imported $46.9M.
Source: GACC Monthly · USD Data as of: September 2026 Coverage 2018-01–2026-09
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Leading commodity chapters across the available monthly history — darker cells show higher trade value. Hover any cell for detail.
Top China Exports to Panama
| HS chapter | Jan–Sep 2026 | Share | YoY | 2025 |
|---|---|---|---|---|
| HS 84Machinery and mechanical appliances | $1.9B | 18.0% | +31.0% | $2.0B |
| HS 85Electrical machinery and electronics | $1.7B | 16.5% | +61.6% | $1.5B |
| HS 27Mineral fuels and oils | $1.5B | 14.0% | +12.9% | $1.7B |
| HS 89Ships and boats | $1.1B | 10.6% | -41.2% | $2.4B |
| HS 87Vehicles and parts | $769M | 7.3% | +45.7% | $763M |
| HS 62Apparel, not knitted or crocheted | $418M | 4.0% | +15.4% | $445M |
| HS 61Apparel, knitted or crocheted | $408M | 3.9% | +2.9% | $503M |
| HS 64Footwear | $396M | 3.8% | +0.7% | $488M |
| HS 73Articles of iron or steel | $324M | 3.1% | -14.0% | $514M |
| HS 72Iron and steel | $229M | 2.2% | +96.5% | $163M |
Top HS4 products, Jan–Sep 2026
| HS4 product | Jan–Sep 2026 | Share | YoY | 2025 |
|---|---|---|---|---|
| HS 2710Petroleum oils, refined | $1.5B | 14.0% | +12.9% | $1.7B |
| HS 8901Cruise ships, cargo vessels, boats | $1.0B | 10.0% | -44.3% | $2.3B |
| HS 8471Automatic data processing machines | $718M | 6.8% | +226.9% | $327M |
| HS 8517Telecommunications equipment | $715M | 6.8% | +134.4% | $430M |
| HS 8487Ship propellers and other machinery parts | $398M | 3.8% | -13.8% | $609M |
| HS 8703Motor cars for transport of persons | $377M | 3.6% | +56.6% | $359M |
| HS 6402Footwear with outer soles of rubber or plastics | $265M | 2.5% | +0.1% | $327M |
| HS 6204Women's or girls' suits, ensembles | $207M | 2.0% | +15.0% | $219M |
| HS 7308Steel structures and structural parts | $160M | 1.5% | -24.9% | $298M |
| HS 8528Monitors and projectors | $154M | 1.5% | +11.6% | $193M |
Top China Imports from Panama
| HS chapter | Jan–Sep 2026 | Share | YoY | 2025 |
|---|---|---|---|---|
| HS 74Copper | $19.7M | 41.9% | +165.7% | $13.1M |
| HS 09Coffee, tea and spices | $8.9M | 19.0% | +15.0% | $9.6M |
| HS 02Meat and offal | $6.5M | 13.8% | +37.3% | $6.5M |
| HS 23Food residues and animal feed | $5.1M | 10.9% | -50.2% | $16.1M |
| HS 44Wood and articles of wood | $3.7M | 7.9% | +37.8% | $4.1M |
| HS 03Fish and seafood | $1.0M | 2.2% | +52.7% | $1.5M |
| HS 15Fats and oils | $843K | 1.8% | +46.6% | $698K |
| HS 78Lead | $394K | 0.8% | — | Not in Top 20 |
| HS 84Machinery and mechanical appliances | $277K | 0.6% | +91.8% | $847K |
| HS 98Commodities not classified by kind | $183K | 0.4% | -9.3% | $262K |
Top HS4 products, Jan–Sep 2026
| HS4 product | Jan–Sep 2026 | Share | YoY | 2025 |
|---|---|---|---|---|
| HS 7404Copper waste and scrap | $19.3M | 41.1% | +160.5% | $13.1M |
| HS 0901Coffee, coffee husks and coffee substitutes | $8.9M | 19.0% | +15.0% | $9.6M |
| HS 0202Meat of bovine animals, frozen | $6.4M | 13.7% | +44.6% | $6.1M |
| HS 2301Meat and fish meals and pellets; greaves | $5.1M | 10.9% | -50.2% | $16.1M |
| HS 4403Wood in the rough (logs) | $2.9M | 6.2% | +16.2% | $3.3M |
| HS 0306Crustaceans | $1.0M | 2.2% | +52.7% | $1.4M |
| HS 1515Linseed, maize, castor, sesame and other oils | $843K | 1.8% | +46.7% | $698K |
| HS 4407Sawn wood, thickness >6 mm | $788K | 1.7% | +335.8% | $745K |
| HS 7407Copper bars, rods and profiles | $397K | 0.8% | — | Not in Top 20 |
| HS 7801Unwrought lead | $394K | 0.8% | — | Not in Top 20 |
Fast-Growing China Export Products to Panama
Jan–Sep 2026 vs Jan–Sep 2025 · USD · ranked by USD increase
117 products qualify
- 1 Portable automatic data processing machines, weighing not more than 10 kg, consisting of at least a central processing unit, a keyboard and a displayHS 847130 Exports$554M Increase+$394M YoY+247%
- 2 SmartphonesHS 851713 Exports$408M Increase+$298M YoY+271%
- 3 TankersHS 890120 Exports$342M Increase+$156M YoY+84%
- 4 Parts of heading 85.17HS 851779 Exports$195M Increase+$90.3M YoY+87%
- 5 Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars, with spark-ignition internal combustion piston engine of a cylinder capacity >1000 ml but ≤1500ml (excluding vehicles for the transport of persons on snow and other specially designed vehicles of subheading 8703.10)HS 870322 Exports$234M Increase+$80.8M YoY+53%
- 6 Lithium-ion electric accumulatorsHS 850760 Exports$143M Increase+$79.6M YoY+126%
China–Panama Annual Trade and Year-to-Date Totals
USD| Period | China exports | China imports | Total trade | China balance | Total vs prior period | Partner rank |
|---|---|---|---|---|---|---|
| 2026 YTD (Jan–Sep) | $10.5B | $46.9M | $10.6B | +$10.5B | +8.2% | No. 64 |
| 2025 (full year) | $12.8B | $54.0M | $12.9B | +$12.8B | +0.2% | No. 64 |
| 2024 (full year) | $12.8B | $81.0M | $12.8B | +$12.7B | -0.7% | No. 63 |
| 2023 (full year) | $11.3B | $1.6B | $12.9B | +$9.7B | -5.4% | No. 61 |
| 2022 (full year) | $12.5B | $1.2B | $13.7B | +$11.2B | +22.6% | No. 57 |
| 2021 (full year) | $10.0B | $1.2B | $11.2B | +$8.9B | +20.4% | No. 61 |
| 2020 (full year) | $8.8B | $469M | $9.3B | +$8.3B | +10.3% | No. 59 |
| 2019 (full year) | $7.9B | $452M | $8.4B | +$7.5B | +19.6% | No. 60 |
| 2018 (full year) | $6.9B | $81.8M | $7.0B | +$6.9B | — | No. 67 |
About China–Panama trade and frequently asked questions
What was China's trade with Panama in Jan–Sep 2026?
In January–September 2026, China–Panama goods trade totaled $10.6B: China exported $10.5B and imported $46.9M, a China trade surplus of $10.5B (+8.2% vs the same months of 2025). Panama ranked No. 64 among China's trading partners.
What was China's trade with Panama in 2025?
In 2025, China–Panama goods trade totaled $12.9B: China exported $12.8B and imported $54.0M, a China trade surplus of $12.8B (+0.2% vs 2024). Panama ranked No. 64 among China's trading partners.
What was China's trade with Panama in 2024?
In 2024, China–Panama goods trade totaled $12.8B: China exported $12.8B and imported $81.0M, a China trade surplus of $12.7B (-0.7% vs 2023). Panama ranked No. 63 among China's trading partners.
What does China export to Panama?
In January–September 2026, China's leading exports to Panama by HS chapter were Machinery and mechanical appliances (HS 84, $1.9B, 18.0% of the total); Electrical machinery and electronics (HS 85, $1.7B, 16.5% of the total); Mineral fuels and oils (HS 27, $1.5B, 14.0% of the total). The largest HS4 products were Petroleum oils, refined (HS 2710, $1.5B); Cruise ships, cargo vessels, boats (HS 8901, $1.0B); Automatic data processing machines (HS 8471, $718M).
What does China export to Panama in 2025?
In 2025, China's leading exports to Panama by HS chapter were Ships and boats (HS 89, $2.4B, 18.5% of the total); Machinery and mechanical appliances (HS 84, $2.0B, 15.3% of the total); Mineral fuels and oils (HS 27, $1.7B, 13.0% of the total). The largest HS4 products were Cruise ships, cargo vessels, boats (HS 8901, $2.3B); Petroleum oils, refined (HS 2710, $1.7B); Ship propellers and other machinery parts (HS 8487, $609M).
What does China import from Panama?
In January–September 2026, China's leading imports from Panama by HS chapter were Copper (HS 74, $19.7M, 41.9% of the total); Coffee, tea and spices (HS 09, $8.9M, 19.0% of the total); Meat and offal (HS 02, $6.5M, 13.8% of the total). The largest HS4 products were Copper waste and scrap (HS 7404, $19.3M); Coffee, coffee husks and coffee substitutes (HS 0901, $8.9M); Meat of bovine animals, frozen (HS 0202, $6.4M).
What is China’s trade balance with Panama?
China's goods trade balance with Panama was +$10.5B in January–September 2026, compared with +$9.7B in the same months of 2025. 2025: +$12.8B. A negative balance is a China trade deficit.
Where can I download China–Panama trade data?
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Source
Source
Source: China General Administration of Customs (GACC)
Citation
Citation
China Panama bilateral trade data, monthly. General Administration of Customs of the People's Republic of China (GACC). https://chinadata.live/china-trade/panama/, accessed 2026-11-10.