Global Food

In the first half of this year, the export trade of Panama’s agricultural and livestock products maintained a good performance, among which the overseas sales of bananas, cane sugar, fish and beef all increased year-on-year.

The Panamanian "Century" reported that the Panamanian Republic’s General Audit Office (Contraloría General) reported that in the first half of this year, Panama’s banana exports totaled US$72.9 million, an increase of 10.5% from US$6,600 in the same period last year. During the same period, the export value of fish (including whole fish and fish fillets) was US$2720, an increase of 17.9% from US$23 million in the same period last year.

The most worth mentioning is that as of the end of June, the year-on-year increase of Panamanian beef exports was as high as 105.7%, from 10.2 million US dollars to 21.1 million US dollars, mainly due to the opening of the Chinese market.

Panama’s agricultural and animal husbandry products that have shown a year-on-year increase in export value in the first six months of this year include: sucrose (increased by 34.4%, from US$14.7 million to US$19.7 million), fish meal and fish oil (increased by 11.6%, from US$24.1 million) To US$2700), leather (increased by 20.4%, from US$722,000 to US$869,000).

Faced with the above data, Eric Dormoi, director of the Export and Trade Promotion Agency (DNPE) of the Panamanian Ministry of Industry and Commerce (MICI), said that despite the COVID-19 pandemic that has hindered international trade, Panama’s export sector still Managed to maintain the "acceptable" pace of development. "In terms of opening up markets and establishing connections with potential consumers, Panamanian exporters are ready to meet new challenges," he said.

Overall, in the first half of this year, the FOB of Panama’s foreign trade commodities totaled 335.3 million U.S. dollars, compared with 344.8 million U.S. dollars in the same period of 2019, which is a decrease of -2.8% year-on-year.

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