Stable with slight growth due to demand in apparel manufacturing.
Special Rates
Preferential Rate
0%
Applicable under the US-Panama Trade Promotion Agreement (TPA) for qualifying goods meeting rules of origin requirements.
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
Increased Import of 3-Thread Twill Fabrics from Panama to the US
Recent trade data shows a significant rise in imports of other fabrics of 3-thread or 4-thread twill, including cross twill (HS Code: 5209.22), from Panama to the United States, driven by demand in the apparel sector.
2023-10-15
Impact: This surge may strengthen trade ties under the US-Panama Trade Promotion Agreement, potentially lowering costs for US manufacturers due to competitive pricing.
US Exporters Face New Documentation Requirements for Panama
The Panamanian government has introduced stricter documentation for textile imports, including 3-thread or 4-thread twill fabrics, affecting US exporters.
2023-09-20
Impact: US exporters may experience delays and increased compliance costs, potentially reducing export volumes to Panama in the short term.
Panama-US Textile Trade Forum Highlights Twill Fabric Opportunities
A bilateral trade forum between the US and Panama emphasized the potential for growth in niche textile categories, including 3-thread and 4-thread twill fabrics.
2023-08-05
Impact: This could lead to increased collaboration and investment in the sector, boosting trade volumes for these specific fabrics.
Policy Updates
Update to US-Panama Trade Promotion Agreement Tariffs
An amendment to the US-Panama Trade Promotion Agreement has reduced tariffs on certain textile categories, including other fabrics of 3-thread or 4-thread twill (HS Code: 5209.22), to encourage bilateral trade.
