Panamanian Exports Will Drop 40%

Such is the 2009 forecast by the Exporting Companies Association of Panama, after analyzing June figures.

Tuesday, September 1, 2009

Up to the month of June, exports dropped 40%, and the most affected products were melon, banana and watermelon.

"The first half of the year is when we export the most. We won't recover from this steep drop in the remainder of the year", explained spokespersons of the union to

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Panamanian Exports Decrease by 46%

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During the first two months of the year, export value was $125 million, compared to $232 million during the same period in 2008.

According to statistics from the General Accounting Office, the most affected areas were sea products (shrimp with a 59.9% decrease and shrimp larvae with 96.8%).

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