Tax: Up to 7%
Duties: Up to 15%
Restricted Items: N/A
Non-working days: Saturday, Sunday, and public holidays
Lead Time: 3 -5 Weeks
Best carrier option: Courier or Freight Forwarder
Prominent Languages: Panamanian Spanish (Castilian)
The biggest challenge when shipping into Panama is the general lack of knowledge regarding import compliance regulations as it is an uncommon destination. The TecEx compliance team luckily has indepth experience with Panamanian customs.
Furthermore, despite being fairly far removed from the USA, Panama has still been affected by the trade wars with China and may incur extra tariffs.
Regardless of these challenges, Panama’s location between North and South America makes it an ideal gateway for businesses looking to expand into the region. The country also has a well-developed infrastructure, including a modern airport and seaport.
The biggest challenge when shipping into Panama is the general lack of knowledge regarding import compliance regulations as it is an uncommon destination. The TecEx compliance team luckily has indepth experience with Panamanian customs.
Furthermore, despite being fairly far removed from the USA, Panama has still been affected by the trade wars with China and may incur extra tariffs.
Regardless of these challenges, Panama’s location between North and South America makes it an ideal gateway for businesses looking to expand into the region. The country also has a well-developed infrastructure, including a modern airport and seaport.
How TecEx Can Help You Import into Panama
TecEx has facilitated large high-value shipments into Panama for multiple large corporations. As interest in this destination grows, you can rest assured that we have everything under control. Using our established DDP shipping solution and expert knowledge, we will get your shipment to its destination in the quickest and safest way possible.
Despite only 51% of Panama’s 3.7 million population being daily internet users, Panama is a popular destination for data centers. Attracting big names such as Uber and Booking.com, Panama’s technology industry has expanded significantly in recent history.
When it comes to importing and exporting to and out of Panama, TecEx is your go-to IOR partner. Our established processes and DDP solution allows us to ensure first-time customs clearance of your tech goods.
Your global trade solution for Panama
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.
Fill in the form to get in touch, and our expert team will contact you with a bespoke customs compliance solution to suit your needs.