International Trade in Panama

International Trade in Panama

Before the international financial crisis, the Panamanian economy had the highest growth rate in Latin America (this was due to the enlargement of the canal, as well as the development of the Colon Free-Trade Zone, the banking and real estate sectors). The country resisted well the... Read more

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Market Analyses About Panama (138)

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  • Thread Worldwide, LLC

    Thread Worldwide, LLC

    Business Development, Panama

    Use our extensive international business development know-how to help your company develop global markets, increase sales and manage...
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    Lombardi Aguilar Group

    Expat Assistance, Panama

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  • Devonté Drinks Sa

    Devonté Drinks Sa

    Food/Agricultural Sales and Distribution, Panama

    Devonté Drinks is a premium brand business in beer, wines and spirits.  Our brands include Loch Shiel Whisky, Maze Dry Gin,...
  • Borda Fabrics PL

    Borda Fabrics PL

    Textiles/Apparel Sales and Distribution, Panama

    The company has its headquarters in Surat India, and has manufacturing facilities located in Sayan in the outskirts of Surat. BFL...

Overview About International Trade in Panama

Main Industry Sectors

Agriculture represents about 6% to GDP and employs 15% of the active population. The main productions of Panama are bananas and all other fruits, vegetables, corn, sugar, rice, coffee, construction wood, livestock and shrimp. Panama has limited natural resources: construction wood, copper and gold.

The industrial sector is moderate and contributes only 17% to the GDP. The main industrial activities are based on industrial food preparation, dairy products, sugar refinery, clothes manufacturing, petroleum products, chemical products, paper and its by-products, printing, furniture manufacturing and construction.

The tertiary sector, which contributes to more than three fourths of the GDP and employs two thirds of the active population, is the real driver of the country's economy. It involves: finances, insurance, health and medical, transports, telecommunications, maritime services, tourism, the trade-free zone of the two points, public administration and trade. The Free-Zone of Colon, established in 1953, is a center of foreign investments in the manufacturing industry.

 

Economic Overview

Before the international financial crisis, the Panamanian economy had the hig...

News Related to International Trade in Panama

  • Panama's Vice Foreign Minister Travels To Morocco To Open Diplomatic Representation - Apr 18, 2014

        Panama's vice-foreign minister Mayra Arosemena will visit to Morocco this April 16-19 to officially open her country's diplomatic representation in Rabat.     Arosemena told MAP her country grants prime importance to consolidating cooperation ties with Morocco in various priority fields and aspires to sign with the Kingdom a framework agreement to launch cooperation programs in economic, trade, scientific, technical, cultural and education fields.

    Source: KINGDOM OF MOROCCO

  • Global banana production threatened by panama disease - Apr 12, 2014

    The United Nation's Food and Agriculture Organisation (FAO) are ready to sound the alarm bell: Panama disease, which destroyed plantations up until 1960 is back.The Gros Michel banana originates from Asia and was exported during the 19th century. However most consumers have never tasted this variety of.....

    Source: FreshPlaza

  • Panama: Onion growers afraid of losing their crops - Apr 12, 2014

    Nat's onion producers are growing desperate, as they assure that the onion harvest is already underway, but trade volumes are not as good as expected and there are fears about this year's production being lost, since they already have hundreds of quintals of the product at their homes.The onion harvest.....

    Source: FreshPlaza