Baseball at the 1938 Central American and Caribbean Games

The tournament was played by seven national teams in a round robin format.

Cuba finished first with a 5–1 record, winning the gold medal.

Hosts Panama finished second with a 6–2 record, winning the silver medal; and Nicaragua finished third with a 5–3 record, winning the bronze medal.

The number of athletes a nation entered is in parentheses beside the name of the country.

[3] The group stage featured a round robin format to determine the medal winners.

Agapito Mayor was named best pitcher of the tournament