$11;. 6 million accounted for most of the 1953 exports; manufactured 

 products were worth only $726,000. In this same year, shrimp were Panama's 

 second most valuable export amounting to about $2 million. 



TABLE 32.— EXPORTS FROM PANAMA BY PRODUCTS, 1953 



(In dollars) 



Product Value 



Bananas 8,159,000 



Shrimp 1,916,000 



Cacao 1,319,000 



Abaca fiber 1,029,000 



Panama's shrimp exports represent frozen shrimp, most of which 

 are headless. Small quantities are exported as peeled, and peeled and 

 deveined shrimp. 



Shrimp exports have increased greatly since 1950, when only about 

 300,000 pounds v;ith a value of about $170,000 were exported (table 33). In 

 195ii Panama exported about h million pounds of frozen shrimp valued at more 

 than $2 million. 



Over 85 percent of the Panamanian shrimp production is exported 

 to the United States. 



TABLE 33. —SHRIMP EXPORTS FROM PANA>IA, 1950 - 195U 



(In thousands of pounds and thousands of dollars. 

 All shrimp exports are to the United States.) 



Year Quantity Value 



1950 30U 168 



1951 1,261 705 



1952 2,ia5 1,352 



1953 kySQh 1,916 

 195U U,o69 2,oiiU 



Source: Direccion de Estadistica y Censo. 



There are no export duties on shrimp in Panama. The only require- 

 ment for export is a permit which is solely for statistical purposes. The 

 shrimp companies work under a 25-year contract \jith the government, one 

 clause of which exempts them from all export duties. 



iia 



