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- beauty pageant: Miss Universo Panama
- edition: 1st
- date: September 13, 2023
- venue: Atlapa Convention Centre, Panama City, Panama
- international membership: Miss Universe
- national director: Miss Universe Panama
- broadcasters: Telemetro
- hosts: Jorge Herrera, Brenda Smith Lezama
- performers: Martin Machore
- judges:
- candidates: 15
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FINALISTS
| PLACEMENT | NAME, AGE, HOMETOWN |
| Top 15 | Kimberlyn García, 25, Cocle Shayned La Boissiere, 21, Colon Valentina Sánchez-Cuenca, 18, Darien Ana Samaniego, 24, Herrera Anabelis Moreno, 26, Isla del Rey Rocibel Jaramillo, 27, Isla Taboga Krystell Tuloch, 20, Panama Este Ilany González, 21, Pedasi |
| Top 7 | Guadalupe Ureña, 28, Bocas del Toro Luisa López, 27, Las Perlas Italy Peñaloza, 18, Panama Centro Karliz Moreno, 23, Veraguas |
| Top 3 | Katherine Fuentes, 27, Chiriqui Natasha Vargas, 25, Los Santos Diana Lemos, 24, Panama Oeste |
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SPECIAL AWARDS
| AWARD | CANDIDATE |
| Miss Congeniality | Rocibel Jaramillo (Isla Taboga) |
| Miss Photogenic |
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WINNERS
| PLACEMENT | 2023 | 2022 |
| 2nd runner-up | Katherine Fuentes Chiriqui | Adaluz Perea Vieto Penonome, Coclé |
| 1st runner-up | Diana Lemos Panama Oeste | Alina López Reyna Panama City |
| Miss Universo Panama Miss Universe Panama | Natasha Vargas Los Santos | Solaris Barba Chitré, Herrera |
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