South Korea exports to Panama
파나마 · latest month: October 2026
In October 2026, South Korea exported $154.5 million of goods to Panama, up 14.0% from September 2026 and down 26.4% from October 2025.
Over the 12 months to October 2026, exports of goods to Panama totalled $1.48 billion, down 12.4% from the 12 months before ($1.69 billion).
Panama ranked 48th of 239 destinations for Korean goods over the 12 months to October 2026, down from 42nd in the 12 months before.
The largest chapter was ships and boats (HS 89), with $1.22 billion or 82.2% of exports to Panama.
Imports from Panama in October 2026 were $9.4 million (up 411.7% from October 2025), leaving a surplus of $145.2 million for the month.
Last 24 months
What South Korea exports to Panama: chapters
Export value by HS chapter over the 12 months to October 2026; the largest 25 of 75.
Largest 4-digit headings
The 30 largest of 372 headings exported to Panama in the same 12 months.
| Code | Product | Exports, 12 months | Share | vs 12 months before | October 2026 |
|---|---|---|---|---|---|
| 8901 | Cargo ships, tankers and passenger ships | $1.21B | 81.8% | -14.3% | $133.1M |
| 7408 | Copper wire | $44.5M | 3.0% | +122.2% | $2.9M |
| 8409 | Parts for internal combustion engines | $23.0M | 1.6% | +20.6% | $1.7M |
| 8703 | Passenger cars | $15.9M | 1.1% | -49.7% | $1.4M |
| 8708 | Parts and accessories of motor vehicles | $11.3M | 0.8% | -5.2% | $1.3M |
| 3402 | Surfactants, detergents and cleaning preparations | $10.6M | 0.7% | +77.9% | $0 |
| 8702 | Buses (motor vehicles for ten or more persons) | $10.4M | 0.7% | +36.6% | $1.9M |
| 7606 | Aluminium plates, sheets and strip | $9.7M | 0.7% | +303.1% | $466K |
| 8507 | Rechargeable batteries (electric accumulators) | $9.6M | 0.6% | -17.7% | $772K |
| 4011 | New pneumatic tyres, of rubber | $7.6M | 0.5% | -70.2% | $389K |
| 8429 | Bulldozers, excavators and other earth-moving machinery | $7.2M | 0.5% | -6.3% | $1.2M |
| 3004 | Medicaments, in measured doses or retail packs | $6.9M | 0.5% | +44.8% | $696K |
| 8415 | Air conditioners | $6.3M | 0.4% | -20.5% | $462K |
| 8904 | Tugs and pusher craft | $5.1M | 0.3% | +139.5% | $0 |
| 8418 | Refrigerators, freezers and heat pumps | $5.1M | 0.3% | +9.1% | $113K |
| 2710 | Refined petroleum oils | $4.9M | 0.3% | -82.1% | $600K |
| 8704 | Motor vehicles for the transport of goods | $4.6M | 0.3% | -26.4% | $646K |
| 3304 | Beauty, make-up and skin care preparations | $4.6M | 0.3% | +249.5% | $624K |
| 9018 | Medical, surgical and dental instruments | $4.5M | 0.3% | +5.7% | $931K |
| 8450 | Washing machines, household or laundry-type | $3.7M | 0.2% | +52.2% | $324K |
| 2402 | Cigarettes and cigars | $3.5M | 0.2% | -37.0% | $0 |
| 8604 | Railway or tramway maintenance or service vehicles, etc. | $2.9M | 0.2% | – | $0 |
| 8451 | Dryers, ironing and other textile finishing machinery | $2.8M | 0.2% | +48.6% | $331K |
| 8431 | Parts for cranes, excavators and other heavy machinery | $2.6M | 0.2% | -16.2% | $99K |
| 8413 | Pumps for liquids | $2.5M | 0.2% | +33.6% | $52K |
| 8414 | Air or vacuum pumps, compressors and fans | $2.5M | 0.2% | +4.3% | $459K |
| 3002 | Blood products, vaccines and immunological products | $2.2M | 0.1% | +116.2% | $35 |
| 8517 | Telephones, smartphones and network equipment | $2.2M | 0.1% | -13.8% | $180K |
| 8421 | Centrifuges and filtering or purifying machinery | $2.1M | 0.1% | -25.6% | $174K |
| 3919 | Self-adhesive plates, sheets and film of plastics | $2.0M | 0.1% | -17.2% | $358K |
A chapter is linked when exports to Panama reached $1,000,000 over 24 months, a heading when they reached $5,000,000. "Share" is the share of all exports to Panama.
Featured industry: cosmetics exports to Panama, by 6-digit product.
Monthly figures
| Month | Exports | vs year earlier | Export weight | Export $/kg | Imports | Import weight |
|---|---|---|---|---|---|---|
| October 2026 | $154.5M | -26.4% | 62,006 t | $2.49 | $9.4M | 4,118 t |
| September 2026 | $135.6M | -26.7% | 50,397 t | $2.69 | $2.0M | 301 t |
| August 2026 | $206.9M | +224.7% | 93,481 t | $2.21 | $7.3M | 840 t |
| July 2026 | $124.4M | +3.0% | 64,055 t | $1.94 | $9.3M | 5,218 t |
| June 2026 | $100.6M | -63.1% | 142,059 t | $0.71 | $3.9M | 490 t |
| May 2026 | $71.1M | -63.4% | 17,581 t | $4.05 | $2.5M | 321 t |
| April 2026 | $29.3M | -67.0% | 4,464 t | $6.57 | $2.5M | 173 t |
| March 2026 | $184.3M | +45.5% | 80,734 t | $2.28 | $16.2M | 12,426 t |
| February 2026 | $164.1M | +76.4% | 50,573 t | $3.25 | $81.7M | 19,169 t |
| January 2026 | $169.0M | +116.9% | 51,419 t | $3.29 | $2.0M | 455 t |
| December 2025 | $69.1M | +141.2% | 80,254 t | $0.86 | $2.0M | 503 t |
| November 2025 | $70.4M | -69.1% | 33,204 t | $2.12 | $2.2M | 365 t |
| October 2025 | $209.9M | +127.0% | 121,382 t | $1.73 | $1.8M | 1,148 t |
| September 2025 | $185.0M | +786.6% | 226,916 t | $0.82 | $24.9M | 60,781 t |
| August 2025 | $63.7M | -48.4% | 33,008 t | $1.93 | $62.3M | 20,936 t |
| July 2025 | $120.9M | +120.8% | 64,727 t | $1.87 | $2.4M | 580 t |
| June 2025 | $272.3M | +1,484% | 159,772 t | $1.70 | $2.4M | 731 t |
| May 2025 | $194.4M | +28.5% | 102,177 t | $1.90 | $1.6M | 560 t |
| April 2025 | $89.0M | -13.3% | 48,205 t | $1.85 | $83.9M | 25,930 t |
| March 2025 | $126.6M | -71.7% | 69,324 t | $1.83 | $2.1M | 765 t |
| February 2025 | $93.1M | -47.5% | 46,647 t | $2.00 | $2.3M | 1,041 t |
| January 2025 | $77.9M | +501.5% | 39,087 t | $1.99 | $2.9M | 1,441 t |
| December 2024 | $28.7M | +53.5% | 4,334 t | $6.61 | $30.0M | 4,453 t |
| November 2024 | $228.1M | +1,218% | 93,108 t | $2.45 | $2.7M | 2,154 t |
Exports FOB, imports CIF, US dollars. Weight is net weight. "vs year earlier" compares export value with the same month one year before and is left blank when that month was under $10,000. Source: Korea Customs Service, via data.go.kr.