Tax: up to 7%
Duties: up to 15%
Restricted items: Chemicals
Non-working days: Saturday, Sunday, and public holidays
Lead times: 3 -5 weeks
Best Carrier option: Freight Courier
Prominent Languages: Spanish
The Complexities Of Importing into Panama
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 months. This growth is attributed to an increase in foreign investors. and has many local players showing an interest in expanding globally. Despite being fairly far removed from the USA, Panama has still been affected by the trade wars with China and may incur extra tariffs.
How TecEx Can Help You Import into Panama
The biggest challenge when shipping into Panama is the general lack of knowledge regarding import regulations as it is an uncommon destination. However, TecEx has facilitated large high-value shipments into Panama for multiple large corporations. As interest in this destination grows, you can be rest assured that we have everything under control. Using our established processes and expert knowledge, we will get your shipment to its destination in the quickest and safest way possible.
Click here to learn more about what to expect when importing into South America.
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