Important Facts About International Shipping

Panama is the furthermost country in Central America, connecting with South America at the Colombian border and Costa Rica on the northwest side, the north, and south long coastlines are surrounded by the Caribbean Sea and the Pacific Ocean. Precious metals are one of Panama’s most important commodities, and the US imports millions of dollars worth of them every year.

When handling your imports or export shipments to this important country, it is essential to use a highly qualified logistics service! At Promptus LLC, we have partnered with businesses throughout the United States and Canada to export goods either through land, air, or sea. If you are unsure which is the best route for you, just contact us today for a free quote.

Main Ports and Airports in Panama

Seaports

The Panama Canal is an influential player in the transportation of both passengers and cargo into the country. Revenue from the toll contributes a significant amount to the GDP, and many cargo ships rely on the Canal to get their merchandise to and from Panama smoothly. The Port of Balboa is the most well-known of the seaports, as it handles the bulk of imports and exports flowing through Panama.

Airports

There are over 50 airports in Panama, many of which service domestic flights within the country. The following airport(s) can also be used for cargo:

Import/Export Data Between US/Canada & Panama

Panama is the 86th largest import/export economy in the world, and it ranks as the US’ 55th largest trading partner. In 2017, gross import/export trade sat at around $6.7B in two-way goods between Panama and the United States.

In 2017, the United States ranked Panama as the 37th largest export destination for US goods, generating $6.3B, a 71% total increase in the past ten years (since 2007). The top categories businesses have exported to Panama from the US/Canada include:

In 2016, the US grossed around $408M in goods imported from Panama, ranking the country as the 91st largest supplier of US imported goods. This amount is a small decrease from 2015, with imports down by 0.1%. Top imports from Panama include:

How Much Does It Cost to Arrange Transport To/From Panama

The cost of transporting cargo either into Panama from the United States or vice-versa will vary based on different variables. The expert team at Promptus, LLC is available to help you navigate the shipping process and get you the best quote for our services. We are based in the United States and help to facilitate transport between us and Panama. Regardless if you need to coordinate ocean shipments or require assistance with CBP paperwork, you can contact us at 1-877-776-6799 to learn more about our freight forwarding services today!