Trade Increase at Colon Free Zone

In November 2010 the CFZ increased its sales by $ 1.84 million compared to 2009.

Monday, January 24, 2011


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The statistics by the Comptroller General showed sales until November 2010 of $ 19.9 million, compared to the $ 18.09 million of the same period last year.

"The report shows an annual percentage change of 10.2% and 47.2% monthly, which indicates that November was the fastest growing month”, reports Panama America.

More on this topic

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.

Trade Up 7.2% at Colon Free Zone

November 2010

In the first eight months of the year, sales at the Panama free trade zone reached $ 13.08 billion.

This figure is 7.2% higher than the same period of 2009, as revealed in a bulletin prepared by the General Comptroller's Office.

The general manager of the Colon Free Zone, Leopoldo Benedetti, said "that due to economic recovery, commercial transactions in 2010 will exceed 20 billion dollars, particularly due to the increase in Christmas shopping and product demand," reports Prensa.com.

Activity in Colon Free Zone Down 24%

April 2014

The free zone must reduce its high trade dependence on Colombia and Venezuela and seek for new markets for re-exports to improve its performance.

Lack of trade diversification has meant that activity in the Colon Free Zone (CFZ) in the first quarter of 2014 has shrunk by 24% compared to the same period last year.

Venezuelan Debt: Not $800, Not $530, Just $41 million

June 2016

Employers of the Colon Free Zone disagree with the audit carried out by the management, which using a new methodology determined that the debt is $41 million and not $530 million.

Surse Pierpoint, Manager of the Colon Free Zone, said the audit was carried out because "...

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