Panama City is 1 hour ahead of Mexico City. Mexico City uses Central Time (CST/CDT, UTC-6/-5) while Panama City uses Eastern Standard Time (EST, UTC-5). During standard time, Panama is 1 hour ahead; when Mexico observes DST, both cities are on the same time.
Panama does not observe daylight saving time, so the difference varies seasonally.
Best calling time: 8:00 AM - 5:00 PM Mexico City time. This corresponds to 9:00 AM - 6:00 PM in Panama City during standard time.
Mexico City and Panama City are connected by strong business ties. Panama's canal and banking sector attract Mexican business, while Copa Airlines offers extensive connections through Panama City to all of Latin America.