Opportunity for Supplying Vessels in Panama

Analysis of the characteristics of the business of supplying ships in Panama, participating companies, products and services required, and eligibility requirements.

Thursday, November 6, 2014

From a statement issued by the Costa Rican Foreign Trade Promotion Office (Procomer):

- Expansion of the Panama Canal opens up opportunities for Costa Rican exporters to supply vessels

- Fresh and processed foods, cleaning and personal care products, safety and maintenance equipment, packaging materials, and cooking and cleaning supplies are potential products to be supplied to vessels.

San José, November 6, 2014. The growth of the maritime industry in Panama, following the expansion of the canal and development of high-level port infrastructure, opens up opportunities for Costa Rican exporters from various sectors to enter the segment of ship supplies. This information is derived from the study "Opportunities in supplying ships in Panama," presented today by Procomer.

The economic growth of this country and its promise for the next few years positions it as a market with potential. Panama, the most dynamic economy in Latin America according to the latest report from the World Bank, was the second largest destination of exports from Costa Rica (not including electronic components) and racked up 6% of total exports. Additionally, it is a market that has had a positive trade balance with high dynamism in the last decade, exports grew at an annual rate of 13.5% going from $184.1 million to $573.8 million, while Imports rose by 13.8% going from $103.9 million to $331.3 million.

More on this topic

Opportunity for Food Products in Colombia

February 2016

There is potential in the Colombian market for exporters of pasta, snacks, biscuits and gravy, through strategic partnerships with supermarket chains.

From a statement issued by the Costa Rican Foreign Trade Promotion Office :

San Jose, February 22, 2016. Building partnerships with supermarket chains represents an option for Costa Rican exporters of food products such as pasta, snacks, biscuits and gravy, to gain admission to that market.

Agribusiness: Results from Participating in International Fairs

March 2014

Ten Guatemalan companies closed deals for $7 million in the Fruit Logistica fair in Germany.

Agricultural entrepreneurs managed to make 53 new contacts after holding 87 business appointments.

From a press release issued by the Guatemalan Association of Exporters (Agexport):

Trade Missions to Central Peru

April 2013

In April and May, two Peruvian trade mission will visit Panama, Costa Rica and Guatemala in search of business opportunities.

The Exporters Association of Peru (ADEX) has organized two trade missions from companies from various sectors and foreign trade students from Peru.

Business Opportunities in Chile

May 2012

A study has revealed niches in the Chilean market relating to pharmaceutical, personal care, fresh produce, raw materials for food and plants and foliage sectors.

A statement from PROCOMER reads:

PROCOMER has presented studies on market opportunities for Costa Rican pharmaceuticals, personal care products, fresh produce, raw materials for food, and the foliage and plants industries in Chile.

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