What are Panama imports?

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.

Who does Panama import and export?

Panama top 5 Export and Import partners

Exporter Trade (US$ Mil) Partner share(%)
China 4,351 19.84
United States 4,063 18.52
Free Zones 2,807 12.80
Singapore 1,521 6.93

What does Panama export the most?

Panama’s exports are dominated by the agricultural and fishing sector (60 percent of total exports). Salmon, banana and gold are the most exported products. Panama’s main export partners are the United States, Canada, Netherlands, Sweden and Costa Rica. The North American market represents 40 percent of total exports.

What are the top 3 imports of Panama?

Imports The top imports of Panama are Passenger and Cargo Ships ($7.94B), Refined Petroleum ($6.13B), Crude Petroleum ($4.24B), Special Purpose Ships ($1.47B), and Packaged Medicaments ($934M), importing mostly from China ($7.95B), United States ($7.2B), Japan ($6.09B), Colombia ($2.35B), and Ecuador ($1.92B).

What are Panama major imports and exports?

Economy of Panama

Statistics
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
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What products is Panama known for?

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 food is Panama famous for?

The best Panama foods you simply have to try

  1. Guacho. Begin your culinary exploration of Panama with a hearty bowl of Guacho (pronounced Wah-cho.) …
  2. Carimañola. …
  3. Sancocho. …
  4. Ceviche. …
  5. Ropa Vieja. …
  6. Tamal de olla. …
  7. Arroz con pollo. …
  8. Patacones.

Is Panama a poor or rich country?

Panama has the second worst income distribution in Latin America— Although the country is rapidly growing in wealth, prosperity is not felt by all. According to the CIA, approximately one-quarter of the population lives in poverty.

What products does Panama export?

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.

Who does Panama trade with the most?

The United States is Panama’s most important trading partner and U.S. products enjoy a high degree of popularity in Panama. In 2018, U.S. exports to Panama reached $6.8 billion, while in 2017, total exports reached $6.3 billion.

What does United States get from Panama?

U.S. exports to Panama include oil, machinery, aircraft, agricultural products, and low-value shipments. The United States is the number-one user of the Canal, with 68 percent of transits heading to or from U.S. ports. U.S. imports from Panama include fish and seafood, gold, cane sugar, bananas, and pineapples.

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What goods are shipped from Panama?

Top-10 product types imported from Panama to United Kingdom in 2020

  • Edible fruit and nuts; peel of citrus fruit or melons. …
  • Beverages, spirits and vinegar. …
  • Rubber and articles thereof. …
  • Coffee, tea, mate and spices. …
  • Furniture, lighting, signs, prefabricated buildings. …
  • Pharmaceutical products.

What are 3 interesting facts about Panama?

Fun Facts of Panama!

  • Panama is the only place in the world where you can see the sun rise on the Pacific and set on the Atlantic. …
  • panama was the first country outside the united states in which coca cola was sold. …
  • Panama was the first Latin American country to adopt the U.S. currency as its own.