Registered exports of Panamanian goods amounted to a total of 2,926.7 million dollars, according to the data he published Business Intelligence Office (INTELCOM) until September 2023.
The report highlights total accumulated performance that exceeded what was reported for the same period in 2022 by $112.8 million.
Accumulated copper exports through September were $57.6 million above those recorded in the same period in 2022.
Excluding copper exports, products from the manufacturing sector reached $709.1 million by September, with FOB value growth of 8.4 percent compared to the same period in 2022, which amounted to $653.9 million.
92% of total Panamanian exports by September 2023 were delivered by sea, and 68% if we exclude copper.
He Punta Rincón International Port, Balboa Port, Puero Manzanillo, Puero de Almirante in Bocas del Toro, Paso Canoa in Chiriquí, Tocumen International Airport and Colon Container Terminalhe managed the boarding points.
The main export destinations were China, Japan and South Korea, mainly due to the export of porphyry copper. Likewise, Spain, India, Germany, the United States, the Netherlands and Bulgaria are among the main destinations.
At the level of tariff shares considered individually, the export of copper and bananas continue to lead the exports for the first 9 months of 2023 and represent 75.8% and 3.9% of the total amount, respectively, followed by the export of frozen shrimp with 1.4%, raw palm oil with 1.4%, iron or steel waste with 1.3%, fish fats and oils with 1.1%, other drugs with 1.0% and raw teak with 0.9%.
As for new products, dental wax or impression composites were exported for the first time.
Value-added exports from free zones and the Panama-Pacific Special Economic Zone also showed positive figures, with a cumulative total of US$214.3 million, bringing our total export offering to US$923.5 million.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
