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 Canal expansion delays could benefit Gulf ports - Oct 04, 2014

    When the new, expanded Panama Canal finally opens sometime in early 2016, an armada of ships twice the size of those capable of transiting the waterway today will line up to call U.S. East and Gulf Coast ports from Asia. For breakbulk shippers who use the canal to ship their cargo...

    Source: The Journal of Commerce

  • Standard and Poor's reaffirms Panama's rating at BBB stable - Oct 03, 2014

    The rating agency Standard and Poor's reaffirmed investment rating of the Republic of Panama at BBB with a stable forecast... -

    Source: BUSINESS PANAMA

  • Image of the Day: Panama Canal Cruise Ship Season Kicks Off - Oct 03, 2014

    Coral Princess is one of just two cruise ships in the Princess Cruises fleet specially built to sail through the Panama Canal. She, along with her sister ship Island Princess, was launched in 2002. The Panama Canal cruise ship season has officially started today by her passing through the Canal. World Maritime News Staff, October […]

    Source: World Maritime News