Commercial Activity Increases 17% at the Colón Free Zone

In May, commercial activity at the Colón Free Zone was $1.574 billion, 17.4% more than the $1.340 billion reached during the same period of 2008.

Monday, June 15, 2009


©image:

A 20% increase in imports and a 15.2% increase in re-exports were registered.

Roberto González in an article in Prensa.com highlights comments by Raúl Moreira, director of Planning and Finances at the Colón Free Zone: “...the first months of the year are usually the slow season and after May activity resumes."



Market Intelligence

Everything about exports and imports in Panama.

Top companies - Quantities, amounts and prices.

more info

More on this topic

Pessimism in the Colon Free Zone

October 2015

Employers indicate that there are no incentives for maintaining business operations, which between 2012 and 2014 fell by 20%.

Commercial activities, which rebounded in 2012 compared to 2011, totaling $31 billion, fell to $27 billion in 2013 and to $24 billion in 2014.

An article on Panamaamerica.com reported that the president of the Association of Users of the CFZ, Marcos Tellez, noted that "...

Colon Free Zone Grows by 42%

October 2011

Commercial activity in Panama's free zones was 42% higher in the first 7 months of this year than in the same period in 2010.

According to the Controller General's Office transactions totaled $15,870,000 in July 2011, compared to $11,173,000 in the same period in 2010.

"The positive statistics are supported largely by the free zone re-exports which increased by 37.5%", reported Panamaamerica.com.pa.

ZLC Activity Shrank by 9.4% in 2013

January 2014

In 2013 the Colon Free Zone traded $2.7 billion less than in the previous year.

During the past year the commercial movement in the Colon Free Zone (CFZ) closed at $27.9 billion, whereas in 2012 it recorded $30.8 billion, equivalent to a reduction of 9.4%.

According to the Superintendency of Banks of Panama (SBP), the decrease is due to the situation occurring with the two main trading partners of the businesses in the CFZ, Colombia and Venezuela.

Colombia Extends Additional Tariffs for CFZ

January 2014

The imposition of tariffs on imports of shoes and clothing from the Colon Free Zone has been extended until March 2016.

The Colombian government announced that it will extend, for two more years, the measure which partially amended the Customs Tariff duties on imports of apparel and footwear, a ruling which affects the activities of re-exports from the Colon Free Zone (CFZ), according to customers of the free zone area.

 close (x)

Receive more news about Commerce

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Chinese company wants to buy pig parts

Our company represents a Chinese food processing company. They wish to develop long term contracts for pig products to be shipped to China.
Our Chinese company wishes to form long term contracts...

Stock Indexes

(Jan 20)
Dow Jones
0.53%
S&P 500
0.39%
Nasdaq
0.42%

Commodities

(Jan 20)
Brent Crude Oil
56.02
Coffee "C"
155.1
Gold
1,203
Silver
16.990