Export Opportunities to Panama
The Duquesne University Small Business Development Center (SBDC) has written the trade guide manual on Panama which focuses on Panama’s opportunities to trade in construction equipment, computers and parts, telecommunications equipment and services, as well as energy power systems.
Panama has the second largest free trade zone in the world and largely due to the Panama Canal, where 5 percent of the world’s commerce passes through every year. The industrial development of Panama has been slow in the past years; however, its service sector continues to be the main pillar of the Panama economy. Panama’s services include the Panama Canal, banking, the Colon Free Trade Zone, insurance, health and medical, container ports, logistics, and tourism and flagship registry, the perfect bargaining chips for the manufactured goods that make up the majority of U.S. exports to Panama. Due to Panama’s service-driven economy, which will increase opportunities for the U.S. service sector to grow; there is no known reason for the two countries to stop being trade partners.
The guide also includes information about Panamanian trade culture, business etiquette, market trade and resources, as well as growth opportunities.