Wine Market in Panama in 2018


News from Panama / Tuesday, July 31st, 2018

In the first three months of the year, companies in Panama imported $5 million worth of wine, 4% more than in the same period in 2017, and 50% came from Chile and Spain.

Figures from the information system on the Wine Market in Central America, compiled by the Business Intelligence Unit at CentralAmericaData.

Variation of imports  
Between the first quarter of 2017 and the same period in 2018 the import value of wines in Panama increased from $5 million to $5.2 million.

For the periods in question, the value imported from Spain grew by 39%, going from $1.1 million to $1.5 million, and from Chile it grew by 13%, increasing from one million dollars to $1.1 million.

Origin of imports 
From January to March 2018, 28% of the value imported from Panama came from Spain, 22% from Chile, 13% from the USA, and 11% from Italy. 

For the quarter in question of the last seven years, Spain is the market of origin of imports that has grown the most. In 2012 it represented 5% of the total import value, and this year the figure reached 23%.

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