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Viabililty of Agriculture as a Business Sector and Agrochemicals

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Agricultural Production in Danger of Extinction

In Panama, decades ago the production of the sector represented 25% of the GDP, however, today this proportion barely reaches 2%, which is attributed to increased food imports and low soil productivity, among other factors.

Friday, August 2, 2019

Panamanian agricultural producers have been reporting difficulties in their activity for several years. This situation is reflected in the fall of the contribution made by this sector to the Gross Domestic Product (GDP), which fell from 25% in 1970 to 1.9% in 2018.

You may be interested in "Crops in Central America: Main Figures in 2018

Maximino Diaz, rice producer, explained to Panamaamerica.com that "... they have fought for the last 10 years for a restructuring of the agricultural sector and not only at the level of production systems, but also in public institutions that have to re-engineer to adapt to the advanced processes that exist today. We have to make an effort to get in tune with technology and see how we can make this sector more productive and that yields are not on the ground, raise the harvest and be self-sufficient."

René Quevedo, an expert on labor issues, pointed out that "... the fall of the agricultural sector in GDP is because of the change in the economic model, the increase in imports and the lack of development of the industry. In recent years, efforts have been concentrated on increasing imports and not on developing agriculture, and even though the agricultural sector represents less than 3% of GDP, it contributes 14% of employment in the country.



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Agrochemicals: Fewer Purchases in 2018

During 2018, companies in Central American countries imported insecticides, herbicides and fungicides for $671 million, 3% less than they bought in 2017.

Friday, August 2, 2019

Figures from the Trade Intelligence Unit of CentralAmericaData:


Guatemalan Companies, Main Buyers
In 2018, the main buyer in Central America was Guatemala with $162 million, followed by Costa Rica with $155 million, Honduras with $100 million, Panama with $96 million, Nicaragua with $90 million and El Salvador with $58 million.

Origin of Central American Imports
From January to September 2018, 15% of the value imported from Central America came from China, 14% from the U.S., 10% from Mexico, 7% from Colombia and 4% from Germany.

China is the market origin of imports that has grown the most in recent years, since in 2012 represented 9% of total purchases, and in 2018 reached 15%.

Variation in Regional Imports
Between 2017 and 2018, imported value decreased slightly by 3% from $689 million to $671 million.

Note: For this report, prepared by CentralAmericaData, SIECA data were used.



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  • Moderator_02 changed the title to Viabililty of Agriculture as a Business Sector and Agrochemicals

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