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Copper stands out in Panamanian export boom

panamá, exportaciones, cobre

Copper stands out in Panamanian export boom

Panama City, Jun 25 (Prensa Latina) In the first four-month period of the year, Panamanian exports amounted to 1,162 million dollars, of which copper contributed 878.8 million dollars, according to official statistics.
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According to a report by the Panamanian Exporters Association (APEX), the rest of the sales (283 million dollars) correspond to the commercialization of bananas, shrimp, coffee and beef, among other products.

APEX stated that shipments of items that had been out of the basket for at least a year, such as aluminum doors and windows, other aluminum alloys, frozen beef livers and medicinal soaps or disinfectants, were reactivated.

Due to the logistic problems caused by Covid-19, some companies in the region sought closer suppliers, a situation that benefited the industrial sector, according to the entity.

In this sense, it also highlighted the sales of medicines, cement, rum, paper and cardboard packaging, among other goods outside the supply of food products that dominate national exports.

Meanwhile, data from Panama’s Trade Intelligence Platform indicated that between January and April, the Netherlands remained the main destination for traditional Panamanian exports, followed by the United States, India and Mexico.

As for copper, the main markets were China, Japan, South Korea, Bulgaria and Canada.

The European Union, the Central American Common Market and the Latin American Integration Association were also important trading blocs.

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