Panama's top exports during FY 2023
Panama is an important strategic location in the South American region. Panama shares a strong trade relationship with the United States and Mexico. China has slowly shown its impact in the Panama market. Although, due to some political reasons, Panama's exports declined during fiscal year 2023. According to Panama import export data , the overall exports stood at around $4.09 billion in 2023. Over 60 million export shipments were recorded during the financial year 2023. Copper ore and its concentrates were the biggest exports of Panama during last year. Panama has some hefty amount of copper reserves under its belt. As per Panama export data , the exports of copper ore and its concentrates were estimated to be $2.66 billion in 2023. China was the biggest destination for Panama's copper exports. Around 50% of Panama's copper exports went to China worth $1.32 billion during FY 2023. Japan was the second leading market for Panama's copper exports with 17% market share...