Panama is an important trading partner of China in Latin America. The total bilateral trade volume ranks the third in the trade between China and Latin American countries. At the same time, Panama is also the second largest export market of China in Latin America after Brazil. The main commodities exported by China to Panama are: textiles, refined oil, household ceramics, tape recorders and tape recorders, bicycles, ships, travel supplies and bags, clothing, footwear, electromechanical products, etc; The main products imported from Panama are: plastics, steel, ships, mechanical and electrical products, etc.
Panama is China's second largest trading partner in Latin America, with a trade volume of more than US $1 billion in 1997. With the opening and expansion of emerging markets, in the past few years, the Panama Canal has shown its important role as a bridge for China to enter the Latin American market.
Bank of China has a branch in Panama City, COSCO has a shipping company in Panama, and most of its ships are registered in Panama. China has a trade development representative office in Panama City to exercise the diplomatic powers of the consulate and promote the development of bilateral economy and trade.
Looking forward to the future, with the return of the Panama Canal, the strengthening of the status of Panama in world politics and economy and the strengthening of the overall importance of Latin America, the exchanges between China and Pakistan will enter a new stage.
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