Online selling platforms and marketplaces are playing a vital role in the rise of E-commerce industry in Panama.
According to source, E-commerce revenue in Panama reached more than $1.6 Billion by 2022 & which is expected to cross $2.8 Billion by 2025 with a growth rate of 20%.
The major reason behind the rise of eCommerce in Panama is the internet penetration rate that is reached 66%, which triggers the increase in online shopping.
Multimax, Velez, Do it center, Felix and Panafoto are the biggest eCommerce players in Panama by the year 2022.