Exports of products without copper increased 6.7%, reporting a figure of $297.5 million, which represents 24% of total exports.
The Ministry of Commerce and Industry of Panama (MICI) reported that during the first months of 2021 there was an 80% growth in exports.
According to the latest report from the Office of the Comptroller General of the Republic, this represents a total FOB value of $1.245 billion, and an increase in absolute values by $554.2 million compared to the same period of 2020 when $690.4 million.
The MICI indicates that exports of copper and its derivatives grew between January and May 2021 by 130%, reaching the figure of $947.1 million, which represents 76% of total exports of goods, having as main destinations: Asian countries , Europe, and Latin America.
Meanwhile, exports of products without copper increased 6.7%, reporting a figure of $297.5 million, which represents 24% of exports, with the United States being the main destination for exports, followed by the Netherlands, India, Costa Rica
, Mexico, United Kingdom, China, Thailand and Taiwan.
“Products with good performance compared to the previous year: fish and fish fillet (+ 11%), palm oil (+ 52%), teak wood (+ 42.6%), fresh watermelons (+ 16.6%), medicines ( + 4.5%), shrimp (+ 36%), pumpkin (+ 130%), meat and chicken food preparations (+ 25%), portland cement + 100%, lubricating oils (+ 62%), polymer-based paints acrylics (+ 100%), metallic waste (+ 59%) ”, details the MICI.
The Mici National Director of Export Promotion, Eric Dormoi, pointed out that they continue to strengthen traditional exports and promote exports with added value; In addition, they keep visiting exporting companies to identify those needs and opportunities, and thus be able to accompany the company in the export process.