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The commercial activity of the largest free zone in the Americas grew 9.5% in 11 months

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  • Tue, 12/18/2018 - 15:08
The commercial activity of the largest free zone in the Americas grew 9.5% in 11 months
  • @zolicol

The commercial activity of the Colon Free Zone (CFZ), the largest in the continent and located in the Caribbean of Panama, totaled 19,641.1 million dollars from January to November, a 9.5 percent more than in the same period of 2017.

The Finance Division of the CFZ reported today that the line of cumulated imports totaled 9,199.8 million dollars between January and November, up 9.5 percent from the same period of the previous year.

Re-exports, meanwhile, recorded an accumulated of 10,441.3 million dollars, also with a growth of 9.5 percent, compared to the result of the first 11 months of 2017.

Only last November the activity registered a total of 1,708.4 million dollars, with an increase of 7.5 percent compared to the same month of 2017, according to the statistics of the CFZ.

Imports last November represented 679.9 million dollars, with a fall of 3.5 percent compared to the same month of 2017, while re-exports were 1,028.5 million dollars, 16.1 percent over the same month of the previous year.

The CFZ, which gathers around 2,260 companies and generates 25,000 direct jobs, according to government data

Source-EFE

 

 

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