EASY & RELIABLE INTERNATIONAL FREIGHT SHIPPING TO PANAMABEST RATES GUARANTEED!
Are you looking for an easy way to ship your cargo to Panama? Choose the best freight forwarder to transport your goods to Panama safely and on time.
Exporting goods to Panama, whether it is for the first time, or on a regular basis, can be a challenging experience.
There are many elements to consider when shipping to a country such as Panama.
If you are in Canada or the US and not entirely familiar with the Latin American market, you should consider a cargo shipping company that knows the business culture, the language, the customs regulations and has a proven track record of success when it comes to shipping to Panama.
WHAT CAN YOU EXPECT IN PANAMA?
Regulations in Panama are not only very different from the ones in the US or Canada, communication methods and business etiquette are also very distinct:
● Foreign corporations operating in Panama have had an impact on the style and manners of doing business, thus business practices are very similar to those of Europe or the USA and Canada. Panamanians are very pragmatic and business oriented when working. However, Panama remains a Latin American country and it is still important to develop easy going business “friendships”.
● Because of the influence of foreign business established in Panama, punctuality is expected for business appointments as well as for social occasions.
● It is also important to consider the language as a possible barrier. Although English is widely spoken amongst the business class, the average person could have more difficulties to use it and would rather speak only Spanish.
QUICK FACTS ABOUT PANAMA (2018)
Capital: Panama City
Other Large Cities: San Miguelito, Las Cumbres, La Chorrera, Tocumen, Pacora
Population: 4,176,873 (Urban Population: 67.7%)
Official languages: Spanish
Time Zone : GMT - 5
Currency: Panamean Balboa (PAB)
ECONOMIC SNAPSHOT ( Source: IMF - World Bank, 2018)
Currency: Panamean Balboa (PAB)
Inflation Rate: 0.8%
Unemployment Rate: 3.9%
Total Imports of Goods: 23,00 billion USD
FDI Inward Flow: 5.91 billion USD (9,1% of GDP)
Ease of Doing Business Score (2019) : 79th / 190
WHY DOING BUSINESS WITH PANAMA IS THE RIGHT DECISION
PANAMA TRADE OVERVIEW
MAIN IMPORTS: Medicaments, Footwear, Clothing, Perfumes, Liquor, Beverage, Telecommunication Equipment, Home Appliance
INDUSTRIES WITH STRONG BUSINESS OPPORTUNITIES: Consumer Goods, Apparel Manufacturing, Mining, Agriculture, Forestry, Hydropower, Logistics, Infrastructure & Construction
PRINCIPAL TRADING PARTNERS: USA, Colombia, Costa Rica, Venezuela, Dominican Republic, Guatemala, Honduras, Nicaragua, El Salvador, Ecuador, China, Singapore, Mexico, Vietnam, Europe (Belgium, France, Germany, United Kingdom)
Every country in every continent offers a unique mix of laws, customs regulations, documentation requirements, communication norms, and cultural biases. If you want to successfully export to Panama, you will need a logistics partner that understands the Panamanian culture, the business landscape and speaks the local language as well.
Our team of experts offer you superior freight forwarding services and the best rates for your cargo shipping to Panama. Our combined experience, extensive knowledge; logistics skills and local connections will help you get started on the right foot and make sure that your goods are transported quickly, safely, and worry-free.
Because we have your company’s best interests at heart, Latin American Cargo is the best freight forwarding company for you.
IMPORT AND CUSTOM PARTICULARS
If you are sending merchandise to Panama by sea or air for the first time, guidance and support will surely be needed, as there are guidelines, prohibitions and restrictions to consider.
WHAT PAPERWORK IS NEEDED FOR INTERNATIONAL SHIPMENTS TO PANAMA?
Documentation requirements vary depending on the category of goods being shipped, and can get quite extensive. They usually include: Commercial invoice, Bill of lading / Air waybill, Packing list, Insurance certificate, Certificate of Origin (if required).
To avoid delays or hassles when shipping to Panama, your packing list must be as detailed as possible. Vague wording like “miscellaneous” attracts negative attention and further inspections.
WHAT ARE THE REGULATIONS AND RESTRICTIONS WHEN SHIPPING TO PANAMA?
Regulations can be strict on certain categories of goods being imported to Panama. Prior authorization or special permits may be needed for certain items such as agricultural products, processed foods, pharmaceutical, cosmetics or antiques. Prohibited commodities include certain used vehicles, used clothing and accessories, used tires, certain used machinery and all types of toxic wastes or dangerous residues.
Duties and tariffs are usually based on the total value of the shipment in question, and depending on how well-documented the cargo is, those values could be determined by the judgment of Customs Officials on the spot.
Shipping cargo to Panama is easier with LAC as we have overcome these obstacles many times and have developed a thorough understanding of the customs procedures.
MAIN OCEAN PORTS AND CARGO AIRPORTS WHEN SHIPPING TO / FROM TO PANAMA
MAIN OCEAN PORTS: Balboa, Colón, Panama City, Manzanillo, Cristóbal
MAIN CARGO AIRPORTS: Panama City (PTY)
Ship freight to Panama from anywhere in the world
Ship containers or any type of goods to Panama with our ocean and air freight forwarding services. Our skills and knowledge make us your most reliable partner when shipping freight to Panama from anywhere in the world: the US, Canada, China, Europe, and more.
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