More Business Between Panama and Chile


News from Panama / Tuesday, March 6th, 2018

Manufacturing, fishery and aquaculture exports accounted for most of the 60% increase in sales from Chile to Panama between 2016 and 2017.

Exports in the fishing sector include salmon and trout, which grew by 46% in the period in question, going from $6.2 million in 2016 to $9 million in 2017, according to figures from a report by the country’s South American trade promotion body, ProChile.

Laestrella.com.pa points out that the report states that “ Within the main subsectors of manufacturing are containers and packaging, whose exports last year exceeded $4 million, mainly explained by shipments of paper and cardboard containers ($1.2 million) and plastic containers ($1.2 million). Also noteworthy were shipments of plastics ($10.5 million) and various manufactures ($21 million).”

 As for the agricultural macro-sector, this rose by 2%, to exceed $34.4 million in 2017, highlighting shipments such as fresh fruits ($10.8 million); and other agricultural products ($17.6 million). In the latter subgroup, increases in shipments of food preparations (+ 269.6%) and baby foods (+ 16.5%) were importantIn the year 2017, exports totaled US $68,306.1 million, 12.7% above the level reached in 2016, with increases of 21.8% in mining and 5.5% in industry, and drop of 7.1% in agriculture, fruit growing, livestock, forestry and extractive fishing.

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