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What are the major exports of Panama?

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Mizdee | Student, Undergraduate | (Level 1) Valedictorian

Posted January 18, 2013 at 5:56 PM via web

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What are the major exports of Panama?

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pohnpei397 | College Teacher | (Level 3) Distinguished Educator

Posted January 18, 2013 at 6:18 PM (Answer #1)

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Panama is not a major exporter in comparison with other countries of the world.  Its exports are worth about $17 billion each year.  Panama is also not a very industrialized country.  Most of its Gross Domestic Product comes from services.  Most of these services are connected to the shipping that goes through the Panama Canal.  When it comes to exporting, then, Panama looks very much like a typical poor country that exports low-value products that are not typically manufactured.

Panama’s main export in dollar terms is gold.  After that, its main exports are foods.  It exports things like shrimp, sugar, pineapple, and watermelon.  This is fairly typical of less developed countries, which tend to export things that are mined or grown rather than services or manufactured goods.

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