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  • strengths
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  • Indian Mission

US$ 46.34mn
was FDI equity inflow to India from April 2000 to March 2021

10.37%

hike in India's exports to Panama

15,000
Indians have made their home in Panama

Concurrent Accreditation The Mission in Panama also handles India's bilateral relations with Costa Rica and Nicaragua

Port development and port related services

Panama's economic resurgence in the last decade has opened opportunities for entrepreneurs

Infrastructure

Modernisation offers opportunities for Indians

Engineering

Mega-engineering projects provide good investments opportunities

IT & ITES

Offering Indian companies lots of opportunities

India's Exports and Imports to Panama

Value in US$Millions

S.No. \Year 2014-2015 2015-2016 2016-2017 2017-2018 2018-2019
1 EXPORT 302.40 201.41 220.21 227.05 227.26
2 %Growth -33.4 9.33 3.1 0.09
3 India’s Total Export 310,338.48 262,291.09 275,852.43 303,526.16 330,078.09
4 %Growth -15.48 5.17 10.03 8.75
5 %Share 0.1 0.08 0.08 0.07 0.07
6 IMPORT 30.46 72.49 201.83 43.32 38.88
7 %Growth 137.96 178.41 -78.54 -10.26
8 India’s Total Import 448,033.41 381,007.76 384,357.03 465,580.99 514,078.42
9 %Growth -14.96 0.88 21.13 10.42
10 %Share 0.01 0.02 0.05 0.01 0.01
11 TOTAL TRADE 332.87 273.91 422.04 270.37 266.13
12 %Growth -17.71 54.08 -35.94 -1.56
13 India’s Total Trade 758,371.89 643,298.84 660,209.46 769,107.15 844,156.51
14 %Growth -15.17 2.63 16.49 9.76
15 %Share 0.04 0.04 0.06 0.04 0.03
16 TRADE BALANCE 271.94 128.92 18.38 183.73 188.38
17 India’s Trade Balance -137,694.93 -118,716.67 -108,504.60 -162,054.83 -184,000.33

FICCI

+91 11 23738760 / 61 / 62 / ... / 70

Visit Website

FICCI Federation House Tansen Marg, New Delhi 110001

Panamanian Chamber of Commerce, Industry, and Agriculture (CCIAP)

(+507) 207 3400

Visit Website

Avenida Cuba y Ecuador, Calle 33-A Section: 0816-07517 | Panama, Rep. Of Panama

Embassy of India, Panama

(+507) 264 2416

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10325, Calle Federico Boyd,Apdo 0823-05815, Bella Vista,Panama, Republic of Panama

Commercial Representative

(+507) 264 2416 (Extn.14)

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Second Secretary (Pol, Cul, PIC & RTI)

Opportunities

Agricultural exports

    Liqueurs & cordials (220870)
    Rum & tafia (220840)
    Spirits obt. by distilling grape wine/grape marc (220820)
    Vodka (220860)
    Waters, incl. min. waters & aerated waters, cont. added sugar/oth. sweeteni … (220210)
    Whiskies (220830)

    agriexchange.apeda.gov.in

    Sugar confectionery other than chewing gum (incl. white chocolate), not con … (170490)

    agriexchange.apeda.gov.in

    Undenatured ethyl alcohol of an alcoholic strength by volume <80%vol; oth. ... (220890)

    agriexchange.apeda.gov.in

    Chocolate & oth. food preps. cont. cocoa, in blocks/slabs/bars, weighing 2k … (180631)

    agriexchange.apeda.gov.in

    Food preps., n.e.s. (210690)

    agriexchange.apeda.gov.in

    Crustaceans; not frozen, n.e.c. in item no. 0306.2, in shell or not, smoked, cooked or not before or during smoking; in shell cooked by steaming or by boiling in water; including edible flours, meals and pellets of crustaceans (030629)
    Fish; flours, meals and pellets, fit for human consumption (030510)
    Other, including mixtures (160249)
    Prpd/ prsvd meat, meat offal of bovine animals (160250
    Sauces and smlr products of meat, meat offal or blood food prpns, based on these products (160100)

    fishexchange.mpeda.gov.in
Minerals

    Reserves: 24.13 million tons (2016)
    Production: 320,000 tonnes (anticipated 2021)
    Exports: Approximately US$900 (2019)

    camipa.org

    Production: 2834.95 kgs (anticipated 2021)

    Reserve: 304,899 kgs (2016)
    Export: 1994 kgs (2013)

    camipa.org

priority sectors

Here are the leading sectors of opportunities for foreign investors

Top Import/ Export Items

India's top import from Panama
  • Ships
  • Boats and floating structures
  • Teak and other wood
  • Mineral fuels
  • Oils and waxes
  • Metal scrap and raw cashew
India's top export to Panama
  • Automobiles and accessories
  • Textiles
  • Pharmaceuticals
  • Articles of iron and steel
  • Plastic, tobacco and rubber products
  • Furniture items
  • Electrical and electronic equipment

Bilateral Investors

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