diff --git a/plugins/woocommerce-blocks/packages/components/panel/index.tsx b/plugins/woocommerce-blocks/packages/components/panel/index.tsx
index 3d71466cc1f..7c4e70a51e1 100644
--- a/plugins/woocommerce-blocks/packages/components/panel/index.tsx
+++ b/plugins/woocommerce-blocks/packages/components/panel/index.tsx
@@ -11,12 +11,12 @@ import type { ReactNode, ReactElement } from 'react';
  */
 import './style.scss';
 
-interface PanelProps {
-	children?: ReactNode;
-	className?: string;
+export interface PanelProps {
+	children: ReactNode;
+	className?: string | undefined;
 	initialOpen?: boolean;
 	hasBorder?: boolean;
-	title?: ReactNode;
+	title: ReactNode;
 	titleTag?: keyof JSX.IntrinsicElements;
 }
 
diff --git a/plugins/woocommerce-blocks/packages/components/panel/stories/index.stories.tsx b/plugins/woocommerce-blocks/packages/components/panel/stories/index.stories.tsx
new file mode 100644
index 00000000000..c4bded716bc
--- /dev/null
+++ b/plugins/woocommerce-blocks/packages/components/panel/stories/index.stories.tsx
@@ -0,0 +1,104 @@
+/**
+ * External dependencies
+ */
+import type { StoryFn, Meta } from '@storybook/react';
+import { useArgs } from '@storybook/preview-api';
+
+/**
+ * Internal dependencies
+ */
+import Panel, { type PanelProps } from '..';
+
+export default {
+	title: 'External Components/Panel',
+	component: Panel,
+	argTypes: {
+		children: {
+			control: 'null',
+			description: "The content element to display in the panel's body",
+			table: {
+				type: {
+					summary: 'ReactNode',
+				},
+			},
+		},
+		className: {
+			description: 'Additional CSS classes to be added to the panel.',
+			control: 'text',
+			table: {
+				type: {
+					summary: 'string',
+				},
+			},
+		},
+		initialOpen: {
+			description: 'Whether the panel body should be visible by default.',
+			table: {
+				type: {
+					summary: 'boolean',
+				},
+			},
+		},
+		title: {
+			control: 'null',
+			description: "The React element to display as the panel's title",
+			table: {
+				type: {
+					summary: 'ReactNode',
+				},
+			},
+		},
+		titleTag: {
+			control: 'text',
+			description:
+				'The HTML tag used to display the title element. Defaults to `div`.',
+			table: {
+				type: {
+					summary: 'string',
+				},
+			},
+		},
+	},
+} as Meta< PanelProps >;
+
+const Template: StoryFn< PanelProps > = ( args ) => {
+	// eslint-disable-next-line @typescript-eslint/no-unused-vars
+	let [ { titleTag }, _ ] = useArgs();
+
+	titleTag = ( titleTag || 'div' ).replace( /\n/g, '' );
+	if (
+		document.createElement( titleTag.toUpperCase() ).toString() ===
+		'[object HTMLUnknownElement]'
+	) {
+		titleTag = 'div';
+	}
+	return (
+		<Panel { ...args } titleTag={ titleTag }>
+			<div style={ { paddingBottom: '.750em' } }>
+				This is the content rendered inside the panel.
+			</div>
+		</Panel>
+	);
+};
+
+export const Default = Template.bind( {} );
+Default.args = {
+	title: (
+		<div style={ { paddingBottom: '.375em', marginBottom: '.375em' } }>
+			Title
+		</div>
+	),
+	hasBorder: true,
+	initialOpen: false,
+};
+
+export const InitialOpen = Template.bind( {} );
+InitialOpen.args = {
+	title: (
+		<div style={ { paddingBottom: '.375em', marginBottom: '.375em' } }>
+			Title
+		</div>
+	),
+	hasBorder: true,
+	initialOpen: true,
+};