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Panama has managed to position itself, in recent years, in the leading country in regional logistics. Thanks to the privileged geographical location of the isthmus, which has been historically exploited for commercial exchange, it has also allowed the generation of multiple logistics assets that are now considered world class, generating competitive advantages to be a natural logistic center of the world.
The indicators show the solidity of the Panamanian logistics system. For example, the World Bank evaluated the global logistics performance of 160 economies, where Panama ranks number 4, second only to Germany, the United States and Canada.
What you should know about Panama as a leader in regional logistics
–The Panamanian logistics sector is one of the main pillars of the country’s economic growth, contributing 19% to the Gross Domestic Product (GDP).
–Panama is among the top 5 countries worldwide due to the strong investment in both public and private infrastructure, an open economy and a safe business environment.
–Among the drivers of the logistics sector, Panama has important assets, such as interoceanic positioning, high maritime connectivity and multimodal connectivity, incorporating Tocumen International Airport.
It is important to note that the Panama Canal and its expansion have been a key driver for the development of the country’s maritime port hub, which is an important part of the logistics sector.
Since its inauguration, on June 26, 2016, more than 1,500 vessels have passed and recently in August 2018 a new record was set, thanks to the transit of the vessel CMA CGS, Theodoro Roosevelt, which has a capacity of 14,855 TEU.
By 2030, it will seek to turn Panama into a world class Logistics Center, a leader in innovation in distribution services and added value with global connectivity.