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Panama Export Data

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Panama Export Data

Panama in Central America is bordered by Caribbean Sea and Pacific Ocean famous for its strategic geographical location connecting the Isthmus of Panama to the Panama Canal. The country spans over an area of 74,233 square kilometers and has a population of 4.3 million practicing the diverse tribe influenced cultures like Spanish and African Settlers. The nation lies between the latitude of 7 degree and 10 degree north to 77 degree and 83 degree west and is home to spine of mountains and hills from the continental divide. The continuous supply of water from the coastline across river borders contributes to the fertility of soil catering the agricultural growth.

The population residing there practices Spanish as their official language followed by English as the most widely spoken. When it comes to the trade sector the nation mostly depends on its banking, tourism, and commerce and logistics sector along with exports for the rapid hike in its economy. Due to the rapid production rate of the industries the exports of the nation has accounted for a trade share of 28% in the total revenue worth 21 billion US dollars in 2023 with a GDP of 75 billion US dollars.

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Panama Export Customs Trade Data Shows Top 10 Exporting Products In 2023 – Analysis By Chapter

  • 2.46 billion US dollars with a share of 73%: HS Code -26 – Ores and ash
  • 172 million US dollars with a share of 5.1% : HS Code -08 - Edible fruit
  • 129 million US dollars with a share of 3.84% : HS Code -03 - Fish and crustaceans
  • 93 million US dollars with a share of 2.77% : HS Code -15 -
  • 55 million US dollars with a share of 1.66% : HS Code -72 - Iron and steel
  • 54 million US dollars with a share of 1.61% : HS Code -30 - Pharmaceutical products
  • 36 million US dollars with a share of 1.09% : HS Code -44 - Wood and its articles
  • 33 million US dollars with a share of 1% : HS Code -23 – Food industries residues
  • 29 million US dollars with a share of 0.879%: HS Code -09 - Coffee and spices
  • 28 million US dollars with a share of 0.841%: HS Code -74 - Copper and it’s articles

Panama Export Global Trade Data Shows Top 10
Trading Partners of Panama

  • China holds a share of 39% worth 1.31 billion US dollars
  • Korea holds a share of 6.92% worth 233 million US dollars
  • Spain holds a share of 6.07% worth 204 million US dollars
  • India holds a share of 5.17% worth 174 million US dollars
  • Dominican Republic with a share of 4.94% (523 million US$)
  • USA holds a share of 4.52% worth 152 million US dollars
  • Germany holds a share of 4.21% worth 141 million US dollars
  • Bulgaria holds a share of 3.23% worth 108 million US dollars
  • Netherlands holds a share of 2.73% worth 92 million US dollars
  • Other Asian states holds a share of 2.19% worth 73 million US dollars

Panama Export Data Sample

HOW IMPORT GLOBALS PANAMA EXPORT DATA IS BENEFICIAL FOR BUSINESS GROWTH 

Every business needs accurate and detailed information about exporting goods from one country to another. The reliable information on import-export trade activity can be a game changer for your business. It helps in efficient business planning and allows making informed decisions about the potential market of your product, where you can grow your business rapidly.

Import Globals provides detailed information on Panama Export Trade by subscribing to Panama Trade Data you can get access to extensive detailed information on exports into the Panama market from the worldwide. Panama Trade Data includes all major columns such as Importers company, Exporters company, Product Description, HS Code, FOB, CIF, Net Weight, Quantity, ports, Origin Country, etc. This data gives you a well-rounded view of Panama's Export trade.

 Panama Export Customs Data is collected from the most authenticated documents such as customs shipping bills, bills of entries, bills of lading, customs invoices, etc... It ensures the reliability of the data. Whether you are a new player in the market or an established company it is very necessary to get trustworthy information for business planning. Panama Trade Statistics provided by Import Globals gives valuable insight into Panama's market to make informed decisions about potential partners.

By using Panama Export Shipment Data, you can stay ahead of market trends and competitors. You can save plenty of time and money in researching potential clients and the market of your product. Not only time and money you can also increase the chance of successful business planning and dealing with the help of Panama Trade Data. It is easier for companies to approach clients and negotiate confidently by using Panama Trade Statistics.

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