Compatibility summary
Your Mexico plug may fit in Panama outlets, as both use at least one common plug type.
Plug comparison
Mexico plug types: A B
Panama plug types: A B
Both countries share at least one plug type (A B and A B), so some plugs may work without an adapter. Check your appliance.
Voltage comparison
Mexico: 127V, 60Hz
Panama: 120V, 60Hz
Voltage difference is within a range many devices tolerate; check your appliance label.