Panama has been a center for trade and distribution for centuries, thanks to its strategic location. The Panama Canal, completed in 1914, is one of the most important global conduits for trade and shipping. And with the new expansion of the canal completed in 2016, it now offers twice the waterway capacity, allowing for even larger modern cargo ships to pass through. Over 50 ships pass through the Canal every day, carrying billions in cargo.

Since Panama practices an open economy almost everything from raw materials to basic products is imported. Internal national production could not supply all the materials and products that Panamanians need. Their own major exports include shrimp, bananas, coffee and sugarcane.  Wood, iron and smelting are increasing as well.

In recent years, the country’s leaders have made significant strides in healthcare and educational access for Panamanian citizens. The business opportunities in Panama are ever-growing, but rates remain slow.

The unique situation of the long-established Panama Canal, especially as the expanded lock system ups the flow rate of traffic, means your company wants someone on the ground who is familiar with Canal rates and procedures.

Cargomax International guarantees  negotiated rates to most Panamanian ports and airports from the following list of countries: United States, Canada, China, Korea, Vietnam, Indonesia, Malaysia, Singapore, Mexico, Guatemala, Salvador, Honduras, Nicaragua, Panama, Colombia, Venezuela, Peru, Chile, Ecuador, Bolivia, Argentina and Brazil.

When you partner with Cargomax International Inc., you can rest easy knowing your business is represented with professionalism and expertise.