Panama - Export Development Canada (EDC)
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Panama

EDC Position-open all programs

EDC's Position

  • Actively pursuing business
  • Open under all programs, subject to regular approval criteria

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Country At A Glance

Flag of Panama
Map of Panama

Country Facts

Nominal GDP55.19 Billion USD
Population3.99 Million
Total Trade/GDP105.21%
CurrencyPanamanian Balboa (PAB)
Merchandise Imports from Canada122.72 Million CAD
Canadian direct investment239 Million CAD
Main importsOther Consumer & Intermediate Goods, Capital Goods, Petroleum Products, Food Products

EDC in Panama

Canadian companies assisted121
International buyers insured253
Business volume182.09 Million CAD

Business Environment

Panama is a major international logistical hub and a banking center with over 90 banks, which has resulted in a growing number of private sector firms and international agencies establishing their regional headquarters in Panama. Panama will remain one of the region's fast-growing economies in Latin America, with GDP growth forecast to reach close to 5% in 2017. This is driven by the expanded canal, large infrastructure projects, mining and financing services. Panama has signed free trade agreements (FTA) witha number of countries including Canada, which came into force in April 2013. 

Key Industries

  • Construction & Infrastructure
  • Mining & Metals
  • Power

How we can support your business

Through our representation in Bogotá, Colombia, we provide on-the-ground support to Canadian companies planning on or currently doing business in Panama. Our regional representatives have developed strategic relationships with major buyers in key sectors as well as an extensive network of local contacts in the market.

  • We are well positioned to help Canadian companies through a range of financing and risk management services.
  • Learn more about our service offering.

Consult our interactive Country Risk Quarterly report.

 

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