Want an example? Panama Exports: shows the total value (FOB) of goods exported from Panama throughout the years. The Colón Free Zone, established in the mid-20th century at the northern end of the canal, has become increasingly important as a manufacturing, warehousing, and reexport centre similar to the maquiladora districts of … Panama Exports by Country: shows the top trade partners. This provides an extraordinary opportunity to develop a network of national seaports dedicated not only to handling containerized cargo, but also a large variety of … The decline in exports of almost 11% from 1997 to 1998 can be explained by quotas imposed on banana exports by the EU (bananas represent nearly one-fifth of all exports). In 2017, the most important export partner of Panama was United States with a share of 18.9 percent in exports. Points of exit of Panama: shows the main exit points of exports. The main suppliers of the FTZ are Hong-Kong, South Korea, Singapore, some European countries and the USA. Panama - Foreign trade The leading agricultural export—mainly controlled by foreigners—is bananas, followed by shrimp. Whether you’re a U.S. company looking for an export opportunity, or a Panamanian firm looking for new suppliers in the U.S., you’ve come to the right place. This page provides forecast and historical data, charts, statistics, news and updates for Panama Exports of Goods. To view just those ports with container liner service, follow the Shipping – by Map menu links. The main customers are the Caribbean islands and the countries of Central America. Updated November 17, 2019. The ports and harbors located in Panama are shown on the map below. Panama: Major export destinationsEncyclopædia Britannica, Inc. Canada and the EU are also major export markets for Panama, accounting for 16.2% and 15.1% of the country’s exports respectively. Panama’s food processing ingredients market is valued at $135 million annually. The United States is Panama’s most important export destination, with about 24.7% of the country’s exports being destined for the US. Read more Panama: Main export partners in 2017 Customs Duties and Taxes on Imports Duties are calculated "ad valorem" according to the CIF value ( Cost, Insurance and Freight), between 3% and 40%. Panama Exports by Commodity Group: this section shows the top export products from Panama (Harmonized System Products). We helped Rotec Industries from Chicago win a $24 million contract for the Panama Canal Expansion project. In 2009 agriculture and fisheries made up 7.4% of Panama's GDP. Panama is a country with an important border line at the Pacific and Atlantic oceans. Click on the port icons for a thumbnail view of the port. Welcome to Panama. According to the Panama Canal Authority (ACP), the net tonnage for fiscal year 2018 was 442.1 million tons, a 9.5 percent increase from the previous year. Use the Port Index link on the left side menu to view an alphabetical list of the ports in Panama. Panama’s food and beverage sector is one of the main manufacturing sectors of the economy. Major agricultural products include bananas, cocoa beans, coffee, coconuts, timber, beef, chickens, shrimp, maize, potatoes, rice, soybeans, and sugar cane. Panama is a net food importer and the United States is its main supplier. All Seaports in Panama. The expanded locks are crucial for U.S. liquid natural gas (LNG) exports, as the Canal is the main artery for U.S. LNG exports to Asian markets. Exports of Goods for Panama from World Trade Organization (WTO) for the WTO International Trade Statistics release. According to the statistics of CIA FactBook, Panama exported US$10,979 million worth of goods around the world in 2018. 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