Agriculture in Panama is an important sector of the Panamanian economy. Major agricultural products include bananas, cocoa beans, coffee, coconuts, timber, beef, chicken, shrimp, corn, potatoes, rice, soybeans, and sugar cane.
What is the main export of Panama?
Main exports products from Panama come from the Agricultural Sector, such as bananas (4.5%), shrimp (84.4%), pineapple (18.9%), watermelons and Gourmet Coffee. Panama’s main trade partner is The United States of America with the 28% of our total exports.
What is Panama’s main industry?
|Economic Trivia||Panama has prosperous transportation and logistics service sectors that contribute to its economy’s high growth.|
|Top Industries||Construction; Brewing; Cement and Other Construction Materials; Sugar Milling|
What are the top 3 industries in Panama?
The agricultural sector is small, but it accounts for the majority of the country’s exports. The main Panamanian industries are construction, petroleum refining, brewing, paper and paper products, clothing, furniture, the production of cement and other construction materials, and sugar milling.
What are 3 main products of Panama?
Major agricultural products in Panama include bananas and other fruit, corn, sugar, rice, coffee, shrimp, timber, vegetables, and livestock.
What are major imports in Panama?
Panama’s main imports are mineral products, capital equipment, electronics and food. Panama’s main import partners are the United States, China, Mexico, South Korea, Japan and Colombia.
What does Panama import and export?
Economy of Panama
|Export goods||fruit and nuts, fish, iron and steel waste, wood|
|Main export partners||United States 18.9% Netherlands 16.6% China 6.5% Costa Rica 5.4% India 5.1% Vietnam 5% (2017)|
|Imports||$21.91 billion (2017 est.) includes the Colon Free Zone|
What does Panama export to the US?
The top export categories (2-digit HS) in 2019 were: mineral fuels ($3.7 billion), machinery ($515 million), beverages (whiskies, grape brandy) ($363 million), electrical machinery ($333 million), and special other (low value estimates) ($310 million).
Why is Panama so poor?
This is largely due to international trade being introduced through the newly expanded Panama Canal. … Poor infrastructure and little opportunity for agricultural growth constitute the primary reasons for the causes of poverty in Panama. The country’s poor infrastructure is one of its main causes of poverty.