Main Markets
Country Overview
Panama is a country located in Central America, bordering both the Caribbean Sea and the Pacific Ocean. It covers an area of approximately 75,420 square kilometers and has a population of around 4.3 million people. The capital and largest city of Panama is Panama City, which serves as an important hub for finance, commerce, and transportation in the region. The official language spoken is Spanish. Panama is well known for its impressive Panama Canal – a waterway connecting the Atlantic and Pacific Oceans, allowing ships to avoid sailing around South America. The canal played a significant role in global trade by reducing travel time between the oceans. The country enjoys a tropical climate with high temperatures throughout the year. It is rich in biodiversity, comprising lush rainforests home to various species including exotic birds, monkeys, sloths, and jaguars. For nature enthusiasts, there are multiple national parks such as Parque Nacional Darien that offer opportunities for hiking and wildlife spotting. Economically speaking, Panama has experienced steady growth over the past few decades due to its strategic location as an international trading center. Its economy heavily relies on services like banking and tourism. The country's currency is called Balboa; however, the US dollar (USD) circulates alongside it. In terms of cultural heritage, Panama blends indigenous traditions with Hispanic influences from its colonial history. Traditional music like salsa and reggaeton can be heard across its vibrant urban centers during festivals or lively gatherings. Additionally, Panama boasts diverse culinary delights influenced by African, European and Indigenous cultures making it a haven for food lovers worldwide. Overall, Panama offers visitors an array of attractions ranging from beautiful beaches along both coasts, to historic sites showcasing ancient civilizations such as El Caño Archaeological Site or La Merced Church.
National Currency
Panama is a country located in Central America with its official currency known as the Panamanian balboa (PAB). The balboa has a fixed rate of exchange with the United States dollar (USD), which means that their values are equivalent. The use of the US dollar as legal tender in Panama makes it convenient for both locals and tourists. The banknotes used in Panama are similar to those found in the United States, featuring prominent figures from Panamanian history. Denominations include 1, 5, 10, 20, and 50 balboas. Coins are also used for smaller amounts and come in denominations of 1 centésimo (equivalent to $0.01), 5 centésimos ($0.05), 10 centésimos ($0.10), and higher. Panama's currency situation is unique due to its strong ties with the United States both politically and economically. This relationship has brought stability to Panama's economy over the years, as well as boosting tourism and international trade. It's important to note that while USD is widely accepted throughout Panama, it's advisable to carry some local currency for small purchases or when visiting more remote areas where US dollars might not be accepted. Overall, Panama's currency situation revolves around its official currency, the Panamanian balboa which is pegged at an equal value with the US dollar ─ making it easy for visitors to navigate financial transactions while exploring this beautiful Central American nation.
Exchange Rate
The legal currency of Panama is the Panamanian Balboa (PAB), which has the same value as the United States Dollar (USD). The exchange rate between the Panamanian Balboa and major world currencies, such as the Euro, British Pound, and Japanese Yen, fluctuates. As exchange rates vary frequently, it is recommended to check reputable financial websites or consult with a currency exchange service for up-to-date and specific information on prevailing rates.
Important Holidays
Panama, a beautiful Central American country, celebrates several important holidays throughout the year. Here are some of the most significant festivities in Panama: 1. Independence Day: Celebrated on November 3rd, Independence Day marks Panama's separation from Colombia in 1903. The highlight of this holiday is the patriotic parades held across the country, where people proudly display their national flag and traditional costumes. 2. Carnival: Held during the four days leading up to Ash Wednesday, typically falling in February or March, Carnival is one of Panama's liveliest and most popular celebrations. Colorful parades with music, dancing, and vibrant costumes take over the streets as locals and tourists join to celebrate with joyous revelry. 3. Flag Day: Observed every November 4th, Flag Day pays tribute to Panama's national symbol – its flag. Special ceremonies take place across schools and public spaces where students recite patriotic poems and sing the national anthem while raising the flag high. 4. Martyrs' Day: Commemorated on January 9th annually since 1964, Martyrs' Day honors those who lost their lives during protests against US interference in Panama's policies regarding sovereignty over the Canal Zone area. 5.Panama Canal Day-On August 15th each year marks "Panama Canal Day," celebrating one of the world's most significant engineering marvels—the opening of this monumental waterway that connects two oceans. These holidays not only showcase Panamanian culture but also encourage unity among its diverse population by fostering a sense of national pride and community spirit throughout various regions in this tropical paradise.
Foreign Trade Situation
Panama is a small country located in Central America, linking North and South America through the Panama Canal. It has a strategic location that has contributed to its status as an important hub for international trade. Trade plays a crucial role in Panama's economy, accounting for a significant portion of its GDP. The country's main exports include bananas, shrimp, sugar, coffee, and clothing. Additionally, it is known for being a major re-exporter of goods due to the presence of the Colon Free Trade Zone. The Panama Canal is one of the most important aspects of Panama's trade industry. It connects the Atlantic and Pacific Oceans, providing ships with a shorter route between Asia and Europe or the East Coast of North America. This strategic waterway facilitates global trade by reducing shipping times and costs. The Colon Free Trade Zone is another significant factor in Panama’s trade scenario. It is considered one of the largest free zones in the world and acts as a distribution center for goods from around the globe. The zone allows companies to establish operations without paying import duties or taxes on re-exported merchandise. Furthermore, Panama maintains bilateral trade agreements with several countries such as Canada, Chile, China, Mexico, Singapore, and others. These agreements aim to promote commerce by reducing tariff barriers on certain goods and enhancing investment opportunities between nations. In recent years, there have been efforts to diversify Panama's economy beyond traditional sectors like agriculture towards industries such as logistics services including transportation and warehousing facilities. As part of this diversification strategy, Overall growth in both imports and exports has been observed over time due to favorable geographical advantages offered by being positioned at such a critical juncture connecting global trading routes. In conclusion,a combination of favorable geography,strategically important waterways Panamacanal,and free trade zones have propelledPanama'strade scenario.The government continues efforts towards further diversification resultingin steady growthinits overalltrade activities
Market Development Potential
Panama, located in Central America, has immense potential for developing its foreign trade market. This country offers a strategic location connecting North and South America, making it an ideal hub for international trade. Firstly, Panama benefits from the Panama Canal, one of the world's most crucial shipping routes. It provides a direct link between the Atlantic and Pacific Oceans, enabling efficient transportation of goods between East Asia and the Americas. The canal expansion project completed in 2016 has increased its capacity to handle larger vessels and further enhanced Panama's competitiveness as a global trade player. Secondly, Panama boasts robust infrastructure to support foreign trade activities. Tocumen International Airport serves as a key air traffic hub in the region and facilitates air cargo transport. The country also possesses well-maintained road networks that connect major cities with ports and industrial areas. Additionally, free-trade zones like Colon Free Zone offer incentives such as tax exemptions to attract foreign investors. Furthermore, Panama has established itself as an important financial center in Latin America due to favorable regulations for offshore banking and financial services. Its currency is the US dollar which contributes to stability in financial transactions. This attracts multinational corporations looking for reliable banking services while expanding their business operations. Moreover, high-quality telecommunications infrastructure enables seamless connectivity with global partners and customers from anywhere across the globe. With reliable internet access along with advanced digital technologies being adopted by businesses in recent years, In addition to these advantages Panamanian government initiatives aimed at diversifying its economy make it attractive for foreign investment.panama seeks investments across sectors including agribusiness manufacturing tourism logistics renewable energy etc.Thus offering various opportunities across different industries panama demonstrates enormous potential for growth within its foreign trade market In conclusion,Panama's strategic location efficient transportation resources modern infrastructure strong financial sector reliable telecommunications network government initiatives supporting investment makes it clear that this country possesses significant untapped potential when it comes to developing its foreign trade market
Hot selling products in the market
When it comes to selecting hot-selling products for the foreign trade market in Panama, there are a few key factors that should be taken into consideration. Firstly, it is important to conduct thorough market research to identify the demands and trends in the Panamanian market. This includes analyzing consumer preferences, purchasing power, and cultural aspects that may impact product preferences. Understanding what sells well in Panama will help narrow down potential product choices. Secondly, consider products that align with Panama's economic activities and industries. For instance, Panama is known for its maritime services due to the famous Panama Canal. Considering products related to shipping and logistics could be a viable option. Additionally, agriculture (including banana exports) and tourism are also significant sectors in Panama's economy. Furthermore, taking advantage of regional partnerships can be beneficial when selecting hot-selling products for export. Due to its strategic location connecting North and South America, Panama has various free trade agreements with neighboring countries such as Costa Rica, Colombia, Chile, and Mexico. Therefore, it would be wise to consider goods that are already high in demand within these partner markets. Additionally, considering sustainability and eco-friendly options could appeal to Panamanian consumers who are increasingly conscious about environmental issues. Products such as organic food items or environmentally friendly household goods may gain popularity among this consumer segment. Lastly but importantly is ensuring compliance with local regulations and standards when choosing export products for the Panamanian market. Researching import policies on specific categories of goods will help avoid any legal complications. In conclusion, when selecting hot-selling products for foreign trade in Panama's market: 1) Understand the demands and trends specific to the Panamanian market. 2) Consider alignment with key sectors like maritime services or agriculture. 3) Leverage regional partnerships through free trade agreements. 4) Incorporate sustainability aspects if possible. 5) Ensure compliance with local regulations and standards. By carefully considering these factors during product selection procedures,you can increase the chances of success in Panama's foreign trade market.
Customer characteristics and taboo
Panama has a distinct set of customer characteristics and taboos that are essential to understand when conducting business or interacting with locals in the country. Customer Characteristics: 1. Politeness: Panamanians value politeness and expect courteous behavior when dealing with customers. It is important to use proper greetings, say "por favor" (please), and "gracias" (thank you) during interactions. 2. Respect for Elders: Older individuals are highly respected in Panamanian culture, and it is customary to show deference towards them. This respect should be extended when interacting with older customers. 3. Time Flexibility: Punctuality may not be as strict in Panama as it might be in some other cultures. Customers tend to have a more relaxed approach to time, so it is advisable to be patient and accommodating if there are delays or schedule changes. 4. Personal Relationships: Building personal relationships is crucial for doing business successfully in Panama. Customers prefer working with individuals they know personally and trust, so investing time into establishing connections can greatly facilitate future business dealings. Taboos: 1. Criticizing Authorities: Speaking negatively about political leaders or governmental institutions may offend some Panamanians who hold strong patriotism towards their country. 2. Touching People Unnecessarily: Physical contact beyond handshakes may make people uncomfortable unless there is a close personal relationship involved. 3. Blowing Nose in Public: Blowing one's nose loudly or publicly is considered impolite; it should be done discreetly using tissues or handkerchiefs. 4. Belittling Indigenous Cultures: Panama has a rich indigenous heritage, so any disrespectful comments about indigenous cultures can cause offense. Understanding these customer characteristics and taboos will ensure smoother interactions with Panamanian customers, fostering better relationships overall while avoiding any unintentional disrespect or offense
Customs management system
Panama, located in Central America, has a well-regulated customs management system. The country's customs authority is known as the National Customs Authority (ANA in Spanish). The ANA is responsible for overseeing all imports and exports to ensure compliance with national regulations. When entering Panama, there are several important customs regulations to keep in mind. Firstly, travelers must declare all goods they are bringing into the country, including personal belongings and gifts. It is important to accurately fill out the required forms provided by customs officials. Panama has specific rules regarding duty-free allowances for certain items. These allowances vary depending on the length of stay and purpose of visit. Travelers should familiarize themselves with these allowances beforehand to avoid any complications at the border. Furthermore, certain prohibited or restricted items should not be brought into Panama without proper authorization. These include firearms, drugs, counterfeit goods, and endangered species products among others. It is crucial to familiarize oneself with the list of prohibited items before traveling to avoid any potential legal issues. Customs authorities may conduct random inspections on both individuals and their baggage upon arrival or departure from Panama. Travelers should cooperate fully with these inspections and provide accurate information if requested by customs officers. Additionally, it is essential to carry valid identification documents such as passports while crossing borders in Panama. Failure to provide proper identification may result in delays or denial of entry. In conclusion, Panama maintains a strict yet organized customs management system overseen by the National Customs Authority (ANA). Travelers should comply with customs regulations such as declaring all goods brought into the country accurately while being aware of duty-free allowances and prohibited/restricted items. Cooperation during random inspections along with carrying valid identification documents will help ensure a smooth entry or exit process when visiting this diverse Central American nation
Import tax policies
Panama is a country located in Central America and has a unique tax and customs policy regarding imported goods. The Panamanian government imposes specific taxation policies on different types of imports to protect local industries, regulate trade, and generate revenue for the country. The import tax rates in Panama vary depending on the type of goods being imported. There are no general import taxes on essential products such as food, medicine, books, or educational materials. However, luxury items like high-end electronics or alcoholic beverages are subject to higher taxes. Automobiles imported into Panama face a significant tax burden known as import duty or "arancel ad valorem." This duty is calculated based on the vehicle's CIF (Cost Insurance Freight) value at ad valorem rates ranging between 5% and 30%, depending on the vehicle's engine size and type. Imported clothing items also have specific tariffs applied to them in Panama. These tariffs range from around 10% to 15% for most textile products. However, some exceptions apply for certain countries that have agreements with Panama allowing lower tariff rates or even duty-free imports. Furthermore, there are additional taxes imposed on specific goods such as cigarettes, alcohol, cosmetics, motor vehicles above a certain price range – including luxury cars – and other select commodities deemed non-essential by Panamanian authorities. It is important to note that these tax policies may change over time due to updates in national legislation or international trade agreements signed by Panama with different countries or blocs. Therefore it is always advisable to consult updated information from official government sources when considering importing goods into Panama. Overall, understanding the taxation policies related to imports is crucial for individuals and businesses looking to engage in international trade with Panama. It helps ensure compliance with local regulations while effectively calculating costs associated with importing goods into this country.
Export tax policies
Panama, a country located in Central America, has an export tax policy that aims to promote economic growth and attract foreign investment. In Panama, there is generally no export tax imposed on goods produced or manufactured within the country. This policy encourages businesses to produce more and expand their operations, contributing to job creation and overall economic development. However, it’s important to note that certain exceptions exist for specific products. For example, there might be export taxes on natural resources such as oil or minerals. These taxes are implemented to ensure that the country benefits from its natural resources and promotes sustainable development. Additionally, Panama has implemented a value-added tax (VAT) system known as the "ITBMS" (Impuesto de Transferencia de Bienes Muebles y Servicios). This tax is levied on both domestic sales and exports of goods and services at a rate of 7%. However, businesses engaged in certain designated activities may qualify for special exemptions or reduced rates. It should also be noted that Panama enjoys several preferential trade agreements with other countries, such as the United States through the U.S.-Panama Trade Promotion Agreement. These agreements often provide tariff reductions or eliminations for specific products exported between these countries. They aim to boost trade between partner nations by reducing barriers to entry for exporters. Overall, Panama's export tax policies are oriented towards promoting an open economy that incentivizes production and attracts foreign investment while also ensuring fair taxation measures are in place for resource-intensive sectors. The government's focus remains on fostering economic growth through international trade relationships and providing strategic opportunities for local businesses to thrive in global markets.
Certifications required for export
Panama, located in Central America, has a variety of exports that contribute to its growing economy. In order to ensure the quality and legality of these exports, Panama implements a certification process for certain products. One important export from Panama is coffee. The coffee industry in Panama is renowned for producing high-quality beans with unique flavors. To certify their coffee exports, Panamanian farmers must comply with regulations set by the Autoridad del Café (Coffee Authority). This includes meeting sanitary and production standards as well as properly labeling their products. Another significant export from Panama is seafood. With its extensive coastline and rich marine biodiversity, Panama has a thriving fishing industry. To obtain export certification for seafood products, Panamanian fishermen and exporters must adhere to guidelines established by the Autoridad de los Recursos Acuáticos (Authority of Aquatic Resources). These guidelines cover aspects such as sustainable fishing practices, proper handling of seafood during transportation, and quality control measures. Furthermore, bananas are an essential part of Panama's agricultural exports. The country ranks among the top banana producers worldwide. To ensure that bananas meet international standards for safety and quality control, Panamanian banana farms undergo inspections conducted by regulatory bodies like the Ministerio de Desarrollo Agropecuario (Ministry of Agricultural Development). In addition to these specific examples, various other industries in Panama also require export certifications depending on their nature. Some common requirements for obtaining certification include compliance with product safety regulations, adherence to environmental sustainability practices if applicable, accurate labeling that meets international standards. Ultimately , acquiring an export certification ensures that products originating from Panama meet necessary criteria for sale both domestically and internationally . It provides assurance to importers about the authenticity , quality ,and legal compliance of Panamanian goods
Recommended logistics
Panama is a country located in Central America, known for its strategic location between North and South America. The country's geographical advantage makes it an ideal hub for international trade and logistics operations. One of the key logistics recommendations in Panama is its world-renowned Panama Canal. The canal connects the Atlantic and Pacific Oceans, enabling ships to save time and distance by avoiding the treacherous journey around Cape Horn. It is an essential gateway for global maritime trade, allowing goods to be transported more efficiently across continents. In addition to the Panama Canal, Panama has developed a highly efficient transportation infrastructure that supports its logistics industry. The country has well-maintained highways, airports, rail networks, and ports that facilitate seamless movement of goods within the country and beyond. The Tocumen International Airport in Panama City serves as a major air cargo hub in the region. It offers direct flights to various destinations worldwide and has state-of-the-art facilities for smooth handling of air freight. This airport plays a crucial role in facilitating time-sensitive shipments and supporting international supply chains. Furthermore, Panama's port system is well-developed with two major ports - Balboa on the Pacific side and Cristobal on the Atlantic side. These ports have modern facilities equipped with advanced technology for efficient loading, unloading, storage, and distribution of cargo containers. They are strategically positioned near major shipping lanes which makes them convenient transshipment points for goods traveling between continents. Panama also offers various free trade zones (FTZs) that provide logistical benefits to businesses operating within them. These zones offer tax incentives, streamlined customs procedures, and access to integrated logistics services such as warehousing, packaging, labeling,and distribution.These FTZs attract numerous companies looking to optimize their supply chain operations or set up regional distribution centers. Additionally,Panama has made significant investments in developing its logistic parks,such as Colon Free Zone Industrial Park.These parks provide companies with dedicated spaces for setting up distribution centers, production facilities, and storage depots. With their strategic locations and modern infrastructure, these logistic parks offer a conducive environment for businesses aiming to streamline their operations in the region. In conclusion, Panama's strategic location and well-developed logistics infrastructure make it an ideal choice for businesses looking to optimize their supply chains. The world-famous Panama Canal, efficient airports and seaports,favorable trade zones,and logistic parks contribute to creating a seamless network that supports the movement of goods between continents.
Channels for buyer development

Important trade shows

Panama, a small country located in Central America, serves as an important hub for international trade and has established various channels for the development of international procurement. Additionally, it hosts several key trade shows and exhibitions. Firstly, one of the most significant international procurement channels in Panama is the Colon Free Trade Zone (CFTZ). CFTZ is the largest free trade zone in the Americas and acts as a major global distribution center. It provides companies with numerous tax incentives, such as exemption from import duties and value-added taxes, making it an attractive destination for international buyers. The CFTZ caters to a wide range of industries including electronics, textiles, footwear, machinery, and automotive. Another notable channel for international procurement in Panama is the Panama Pacifico Special Economic Area (PPSEA). PPSEA is a special economic zone located near Panama City that offers various benefits to businesses engaged in foreign trade activities. These benefits include streamlined customs procedures and tax advantages. The area provides ample opportunities for companies looking to procure goods or establish manufacturing operations. Furthermore, there are several renowned trade shows held annually in Panama that attract major international buyers. One such event is Expocomer - Exposition of International Trade. Expocomer brings together exhibitors from different countries showcasing products across diverse sectors such as construction materials, food and beverage, technology equipment, medical equipment among others.This exhibition allows businesses to connect with potential partners or customers on a global scale. Additionally,the China-Latin America International Import Expo (CLAIIE) held annually offers an exceptional platform for Chinese buyers interested in sourcing products from Latin American countries including Panama.Through CLAIIE,Panamanian exporters can secure business opportunities by interacting directly with Chinese importers seeking various goods. Moreover,the Annual Logistics Summit organized by the Chamber of Commerce Industries & Agriculture serves not only as an exhibition but also consists of seminars where industry experts discuss critical issues concerning logistics sector development both regionally and globally. It attracts participants from the transportation, logistics, and supply chain management sectors, providing an opportunity for networking and business expansion across borders. In conclusion,Panama offers several important international procurement channels including the Colon Free Trade Zone (CFTZ) and Panama Pacifico Special Economic Area (PPSEA). Additionally, it hosts key trade shows such as Expocomer, CLAIIE,and Annual Logistics Summit that attract international buyers and provide a platform for businesses to establish connections with potential partners or customers. These initiatives have made Panama a significant player in global trade by facilitating foreign procurement activities.
In Panama, the most commonly used search engines are: 1. Google: The most popular search engine worldwide, Google is widely used in Panama as well. The website can be accessed at 2. Bing: Microsoft's search engine, Bing, is also quite popular among internet users in Panama. You can visit it at 3. Yahoo Search: Although not as dominant as it once was, Yahoo Search still has a significant user base in Panama. You can access it at 4. DuckDuckGo: Known for its privacy-focused approach, DuckDuckGo has gained popularity worldwide and is utilized by some internet users in Panama too. The website can be found at 5. Yandex: While primarily used in Russia, Yandex also offers its search services to other countries including Panama. You can visit it at 6.Ecosia: Ecosia is an eco-friendly search engine that uses its ad revenue to plant trees around the world and has gained popularity globally due to its environmental mission including users from Panama.To use Ecosia you may type into your browser's address bar or simply download their extension/add-on from their official website It's important to note that while these are the commonly used search engines in Panama, many Panamanian residents also utilize international versions of these platforms such as or rather than using country-specific versions like or

Major yellow pages

In Panama, the main yellow pages directories include: 1. Paginas Amarillas - This is one of the most popular yellow pages directories in Panama. It provides a comprehensive listing of businesses, services, and professionals across various categories. The website for Paginas Amarillas is 2. Panamá Directo - This directory focuses on connecting consumers with local businesses and services in Panama. It offers a wide range of categories, including restaurants, hotels, healthcare providers, and more. You can visit their website at 3. Guía Local - Guía Local is another prominent yellow pages directory in Panama that helps users find information about local businesses and services. It covers diverse sectors such as automotive dealerships, home improvement stores, educational institutions, and more. The website for Guía Local is 4. Yellow Pages Panama - As the name suggests, this online directory serves as a reliable source for finding businesses across various industries in Panama. From restaurants to shopping centers to professional services providers, Yellow Pages Panama provides comprehensive listings with contact details and addresses of each business listed on their platform. Their website can be accessed at 5.Simple Panamá – Simple Panamá is an online classifieds platform that encompasses multiple categories such as buying & selling goods or real estate listings along with providing relevant information about local service providers like plumbers or electricians etc . People can find any sort of help they require be it educational coaching/lessons/even jobs opening all available under one umbrella . Website link provided below: These are some major yellow pages directories in Panama that you can use to find information about businesses or services you might need while visiting or residing in the country.

Major commerce platforms

Panama is a country situated in Central America, known for its bustling economy and growing digital landscape. Here are some of the main e-commerce platforms in Panama: 1. Linio ( Linio is one of the largest online marketplaces in Panama, offering a wide range of products including electronics, fashion, home appliances, toys, and more. It provides secure shopping and delivery options to customers across the country. 2. Copa Shop ( Copa Shop is an e-commerce platform operated by Copa Airlines, Panama's national carrier. It offers duty-free shopping on various products like perfumes, cosmetics, electronics, and accessories for travelers flying with Copa Airlines. 3. Estafeta Shopping ( Estafeta Shopping is an exclusive online shopping platform that primarily focuses on providing international shipping services to Panama from popular US-based retailers such as Amazon and eBay. 4. Multimax ( Multimax is a well-known electronic retail chain in Panama that also operates an e-commerce platform allowing customers to conveniently purchase electronics like smartphones, laptops, TVs, home appliances through their website. 5. Miprecio Justo ( Miprecio Justo is a local online marketplace where individuals can list their products for sale or auction purposes similar to platforms like eBay or MercadoLibre style models. 6. Melocompro ( Melocompro serves as an online classifieds platform connecting buyers and sellers within Panama for various items including vehicles, electronics, real estate properties among others facilitating secure transactions between the parties involved. Please note that these are just some of the major e-commerce platforms in Panama but there may be other smaller localized platforms catering to specific industries or niche markets within the country as well.

Major social media platforms

Panama, a Central American country known for its rich culture and diverse population, has several social media platforms that are widely used by its residents. Here are some of the popular social media platforms in Panama along with their website URLs: 1. Facebook: Facebook is the most popular social networking site in Panama as it is worldwide. It allows users to create profiles, connect with friends and family, share updates, photos, videos, and join groups or events. Visit to access Facebook. 2. Instagram: Instagram is an image-sharing platform where users can upload photos and videos with captions and hashtags. It also offers messaging features and the ability to follow other users' accounts. Explore Panama's vibrant visuals on Instagram at 3. Twitter: Twitter enables users to post short messages called "tweets" that can be seen by their followers or anyone searching for specific topics using hashtags. Panamanians use this platform to share news updates, personal opinions, trends, etc., within 280 characters per tweet. Check out what's trending in Panama on Twitter at 4. LinkedIn: LinkedIn is a professional networking site primarily used for job-seeking purposes and connecting with colleagues or industry professionals around the world. In Panama's business environment, professionals often utilize LinkedIn as a means of career growth and networking opportunities globally at 5. TikTok: TikTok has gained immense popularity globally for its short-form videos that display creativity through various trends or challenges.Users can create lip-syncs,montages,dances,and many other entertaining videos.Panamanians also actively participate in this platform.Create your own content or explore trending videos from Panama on TikTok at 6.WhatsApp : WhatsApp is a messaging app widely used worldwide.Panamanians heavily relied on WhatsApp for communication purposes,such as sending text messages,making voice and video calls,sharing media files,etc.It can be accessed through 7. Snapchat: Snapchat is a multimedia messaging app primarily used for instant image-sharing and short videos.Users can capture and share snaps with friends or post them on their story within a limited period of time. Find interesting content from Panama on Snapchat by downloading the app or visiting These are just a few examples of the social media platforms widely used by Panamanians. However, there may be other local platforms that cater more specifically to the country's population or interests.

Major industry associations

Panama is a country located in Central America and is known for its strategic location, connecting North and South America. It has several prominent industry associations that represent various sectors of the economy. Here are some of the major industry associations in Panama: 1. Chamber of Commerce, Industries, and Agriculture of Panama (CCIAP) - The CCIAP represents businesses from diverse industries such as agriculture, manufacturing, services, and more. Website: 2. Association of Panamanian Banks (ABP) - ABP represents banks operating in Panama and works towards promoting a stable financial system. Website: 3. National Association of Realtors (ANACOOP) - ANACOOP focuses on representing real estate professionals involved in sales, rentals, development projects, property management in Panama. Website: 4. Association of Insurance Companies (AAPI) - AAPI represents insurance companies operating within Panama's market and aims to promote transparency and professionalism within the insurance sector. Website: 5. National Tourism Chamber (CAMTUR) - CAMTUR promotes tourism activities such as hotels, tour operators, restaurants to enhance the tourism industry's growth potential. Website: 6. Shipping Chamber of Panama (CMP) - CMP represents companies related to maritime transport activities like ship registry services agencies or shipping agents throughout the country. Website: 7. National Construction Council (CNC)- CNC is responsible for regulating construction activities while promoting best practices and enabling sustainable infrastructure development. Website: These are just a few examples; there are numerous other associations catering to different sectors like agriculture, energy production/efficiency organizations specific to certain industries or professions. Please note that websites and specific information may change over time, so it is a good idea to search for the most up-to-date information when needed.

Business and trade websites

Here are some economic and trade websites related to Panama with their respective URLs: 1. Ministry of Commerce and Industries (MICI) - The official website of the Ministry of Commerce and Industries, which promotes economic development, foreign trade, and investment in Panama. 2. National Customs Authority (ANA) - The National Customs Authority's website provides information on customs regulations, procedures, tariffs, and import/export documentation in Panama. 3. Chamber of Commerce, Industries and Agriculture of Panama (CCIAP) - The CCIAP is one of the most influential business organizations in Panama. Their website offers resources for entrepreneurs, business news updates, events calendar, networking opportunities, and member services. 4. Proinvex - Proinvex is an investment promotion agency under the MICI that aims to attract foreign investment to enhance Panama's competitiveness. The website provides comprehensive information on investment opportunities across different sectors along with relevant laws and regulations. 5. Export Promotion Agency & Investment Attraction (PROINVEX) - PROINVEX’s English version offers international investors detailed information about investment opportunities in various sectors such as logistics, manufacturing industries, tourism projects within Panama. 6. Panamanian Association of Business Executives (APEDE) - APEDE focuses on promoting sustainable economic growth in Panama through conferences that address current business issues affecting the country's development. The site includes useful business resources like publications from research conducted by APEDE members. 7. Banco Nacional de Panamá - The official website for Banco Nacional de Panamá provides information about banking services available to businesses operating within the country as well as financial products tailored towards specific commercial needs. It is important to note that websites and URLs are subject to change, so it is recommended to verify the accuracy of these sources periodically.

Trade data query websites

There are several trade data query websites for Panama. Here is a list of some of the prominent ones along with their respective URLs: 1. Statistical Institute of Panama (Instituto Nacional de Estadística y Censo - INEC): This official government website provides comprehensive trade statistics and information on imports and exports in Panama. URL: 2. Ministry of Commerce and Industries (Ministerio de Comercio e Industrias - MICI): The MICI website also offers trade data, including reports on imports, exports, tariffs, and customs regulations. URL: 3. TradeMap: It is an online database maintained by the International Trade Centre (ITC), providing access to detailed trade statistics for Panama as well as other countries around the world. URL: 4. World Integrated Trade Solution (WITS): WITS offers a platform for trade analysis and visualization, including access to Panama's international merchandise trade data. URL: 5. This platform connects exporters and importers globally while also offering country-specific insights into markets, regulations, suppliers, and buyers in Panama. URL: These websites can be valuable resources for obtaining specific information on Panama's imports, exports, trading partners, tariffs, customs procedures among other relevant data related to international commerce in the country.

B2b platforms

Panama, as a country located in Central America, has several B2B platforms that cater to business needs. Here are some of the prominent B2B platforms in Panama along with their websites: 1. Soluciones Empresariales ( Soluciones Empresariales is an online platform that connects businesses across various industries in Panama. It offers features such as business directory listings, product catalogs, and communication tools for seamless B2B interactions. 2. Comercializadora Internacional de Productos ( Comercializadora Internacional de Productos (CIP) is an international trading platform based in Panama. It focuses on connecting buyers and suppliers globally by offering a wide range of products across different categories like electronics, household goods, machinery, textiles, and more. 3. Panamá Chamber of Commerce ( The Panamá Chamber of Commerce serves as a B2B platform promoting trade and investment opportunities within Panama. Through their website, businesses can network with other members of the chamber and explore potential collaborations or partnerships. 4. Panjiva ( Panjiva is a global trade platform that provides import-export data for companies seeking business opportunities worldwide. While it is not specifically dedicated to Panama's market, it offers comprehensive information on suppliers and buyers involved in international trade activities connected to Panama. Please note that these are just a few examples of B2B platforms available in Panama; there may be others worth exploring too based on specific industry requirements or niches.