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Panama wino - Production, Exports, Imports, Seasons and HS Codes
In 2019 Panama shipped 46 tonnes of wine. In 2019 alone, the demand for Panama wine (processed category) has escalated, with a change of 43.75 per cent compared to the year 2018. Between 2017 and 2019, wine's exports went down by -99.25% netting the country US$1.49m for the year 2019. Panama's wine exports are categorised as:
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l but <= 10 l (excl. sparkling wine) (HS code 220422)
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of <= 2 l (excluding sparkling wine) (HS code 220421)
Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of > 2 l (HS code 220590)
Cider, perry, mead and other fermented beverages and mixtures of fermented beverages and non-alcoholic beverages, n.e.s. (excluding beer, wine or fresh grapes, grape must, vermouth and other wine of fresh grapes flavoured with plants or aromatic substances) (HS code 220600)
Sparkling wine of fresh grapes (HS code 220410)
Grape must, of an actual alcoholic strength of > 0,5% vol (excluding grape must whose fermentation has been arrested by the addition of alcohol) (HS code 220430)
Vermouth and other wine of fresh grapes, flavoured with plants or aromatic substances, in containers of <= 2 l (HS code 220510)
Wine of fresh grapes, incl. fortified wines, and grape must whose fermentation has been arrested by the addition of alcohol, in containers of > 2 l (excluding sparkling wine) (HS code 220429)
In 2019, Panama supplied wine with a value of 1.49m USD, a growth of 18.44% from 2018's total wine export of 1.258m USD. The yearly change in value of Panama wine between 2017 to 2018 was -91.247%.
The annual/yearly variation in the amount of Panama's wine exports between 2017 and 2019 was -99.25 percent compared to a variation of 43.75% in the period between 2018 and 2019.
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Export markets for Panama wino ( in '000$ )
Panama's best performing destinations for wine are Belize, Honduras, Switzerland, Jamaica and Guatemala.
