A Gateway to the Latin
American & Caribbean Market
Panama's stable government ensures a steady economic development.
The Canal's expansion, large investments in public infrastructure projects and its business-friendly regulations are boosting huge demands.
Panama becomes the country with most sustainable growth in the region. In 2016, Panama achieved a GDP of US$55 billion with a growth rate of 5.2%, the highest in the region.
The total general lighting market in Latin America is projected to achieve US$6,623 million in 2020, and the market for energy efficient lamps and ballasts in Latin America is expected to reach US$3,510 million by the end of 2018.
Top 10 sourcing countries and regions are USA, China, Costa Rica, Columbia, Spain, Italy, Mexico, Taiwan Region, Hong Kong and Canada.
Panama is playing as a re-exporter serving many other countries with a wide radius.
The great Canal of Panama connects the Atlantic Ocean and the Caribbean Sea to the North of the Pacific Ocean.
The Colon Free Zone is the first center of distribution of the Western Hemisphere and the only multimodal logistics center of the Americas.
Contracted with over 20 economies for reciprocal trades, Panama offers its partners preferential policies as well as increasing convenient logistics facilities.