Comapny Tpye: Industry and Trade Integration
Main products: Women's woven blouses, Men's woven shirts, Women's woven trousers
Report Creation Date: 2026-02-14
Francisco Llobet Hijos S.A. is a Panama-based trading entity registered with a postal address in Puerto Limón, Costa Rica (note: administrative address listed as 'Puerto Limón CR' but legally domiciled in Panama). The company operates primarily as an intermediary in the global apparel and textile supply chain—sourcing and distributing ready-made garments, particularly women’s and men’s woven/blended tops and underwear. Its trade structure shows high transaction frequency (over 19,900 shipments in 36 months), concentrated in North America and Central America, with strong ties to U.S.-based fashion importers and free-zone operators. A notable surge in activity occurred in May and March 2025 (121,040 and 112,722 units respectively), indicating recent operational scaling.
Data解读: Transaction volume exhibits pronounced volatility—peaking at 121,040 units in May 2025 and dropping sharply to 1,831 in November 2025—suggesting order-driven, project-based operations rather than steady inventory replenishment. Over 70% of total transactions occur in just 6 months (2024.03–2024.05 and 2025.03–2025.05), pointing to seasonal or client-contract cycles. The absence of consistent monthly volume (>50,000 units) beyond these peaks indicates limited recurring demand anchoring. This pattern signals high exposure to buyer-led scheduling risk and low baseline operational resilience.
| Year-Month | Volume | Transactions |
|---|---|---|
| 2025-05 | 121040 | 4613 |
| 2025-03 | 112722 | 1294 |
| 2025-01 | 106376 | 702 |
| 2024-12 | 89765.9 | 4940 |
| 2024-04 | 110579 | 1766 |
| 2024-03 | 139068 | 2646 |
| 2024-02 | 77899.6 | 1866 |
| 2024-01 | 100946 | 1077 |
| 2023-03 | 139068 | 2646 |
| 2023-02 | 81064 | 2789 |
Data解读: The partner base is highly fragmented—top 20 partners account for only ~32% of total transactions, with no single buyer exceeding 18.2% share. U.S.-based entities dominate (12 of top 20), especially free-zone traders (e.g., Mays Zona Libre S.A., Kingda Zona Libre S.A.) and intimate apparel brands (Smile Intimates, Underwear Bestline Lingerie). Notably, two distinct entries for 'Joia Trading' and 'Joiatrading Co' (both U.S.) suggest possible rebranding or multi-entity engagement—indicating portfolio diversification at the buyer level, not consolidation at the supplier level. This reflects weak buyer stickiness and elevated dependency on volatile, short-cycle fashion importers.
| Partner Name | Country | Transactions | Share | Latest Date |
|---|---|---|---|---|
| not specified | Costa Rica | 3580 | 18.17% | 2025-09-17 |
| joia trading | United States | 1075 | 5.46% | 2025-09-26 |
| joiatrading co | United States | 1008 | 5.12% | 2024-11-18 |
| lunelli comercio do vestuario ltda. | Brazil | 572 | 2.90% | 2024-12-16 |
| mays zona libre s.a. | United States | 559 | 2.84% | 2025-03-31 |
| uma home decor | United States | 401 | 2.04% | 2025-05-09 |
| kingda zona libre s.a. | Panama | 316 | 1.60% | 2025-05-02 |
| kids haven | United States | 304 | 1.54% | 2025-09-26 |
| active usa inc. | United States | 280 | 1.42% | 2025-09-26 |
| personal information | Costa Rica | 271 | 1.38% | 2025-09-26 |
Data解读: HS codes are tightly clustered within Chapter 62 (woven apparel), with 17 of top 20 codes falling under categories for women’s blouses (6206), men’s shirts (6205), and women’s trousers (6204). Notably, six HS variants show dual status—'lost' pre-2025 but 'maintained' post-2025 (e.g., 620640000000, 620530000000)—suggesting product line re-registration or tariff classification refinement aligned with new sourcing patterns. The persistence of older 10-digit codes alongside newer 12-digit versions implies ongoing customs compliance adaptation. This reveals a focused yet technically evolving product compliance posture—not broad diversification, but precision recalibration.
| HS Code | Transactions | Share | Latest Date |
|---|---|---|---|
| 620640000000 | 967 | 1.87% | 2025-09-26 |
| 620530000000 | 914 | 1.77% | 2025-08-21 |
| 620520000000 | 686 | 1.33% | 2025-09-26 |
| 611120000090 | 583 | 1.13% | 2025-09-26 |
| 6206400000 | 2880 | 5.57% | 2024-12-17 |
| 6205300000 | 2207 | 4.27% | 2024-12-17 |
| 6205200000 | 1874 | 3.62% | 2024-12-17 |
| 6302600000 | 1626 | 3.14% | 2024-10-29 |
| 6203420000 | 1401 | 2.71% | 2024-12-17 |
| 6105100000 | 1253 | 2.42% | 2024-12-13 |
Data解读: Panama and the United States jointly absorb 76.4% of all transactions—confirming a core regional duality: Panama serves as legal/financial hub (registration, invoicing, free-zone coordination), while the U.S. functions as primary commercial market (fulfillment, branding, retail distribution). The emergence of Canada (66 transactions, new), India (8), and Pakistan (5) in 2025 signals nascent geographic expansion—but volumes remain statistically negligible (<0.1% combined). Meanwhile, long-standing partners like Belgium and Costa Rica have lapsed, reinforcing reliance on North American channels. This bifurcated geography creates regulatory arbitrage opportunity—but also concentrates counterparty and logistics risk.
| Region | Transactions | Share | Latest Date |
|---|---|---|---|
| Panama | 8168 | 40.90% | 2025-08-21 |
| United States | 7090 | 35.51% | 2025-09-26 |
| Other | 2074 | 10.39% | 2025-06-17 |
| El Salvador | 943 | 4.72% | 2025-09-01 |
| Brazil | 476 | 2.38% | 2025-08-29 |
| China | 341 | 1.71% | 2025-09-16 |
| Colombia | 262 | 1.31% | 2025-08-15 |
| Guatemala | 199 | 1.00% | 2025-09-17 |
| Costa Rica | 184 | 0.92% | 2024-12-16 |
| Belgium | 114 | 0.57% | 2024-11-27 |
Data解读: Only five ports appear across 36 months—with Mundra (India) accounting for 66.7% of all port-level activity in just one recorded shipment (Nov 2025), and four others each appearing once. This extreme sparsity suggests ad-hoc, non-systematic shipping—likely drop-ship or third-party fulfillment arrangements rather than owned logistics infrastructure. The presence of Bogotá (Colombia), Guayaquil (Ecuador), and San Diego (USA) further confirms cross-border, multi-jurisdictional routing—possibly leveraging free-trade agreements or transit zones. This port profile reflects logistical outsourcing—not integrated supply chain control.
| Port | Transactions | Share | Latest Date |
|---|---|---|---|
| Mundra | 8 | 66.67% | 2025-11-13 |
| Bogota | 1 | 8.33% | 2025-08-15 |
| Veracruz | 1 | 8.33% | 2023-03-07 |
| Guayaquil | 1 | 8.33% | 2025-05-07 |
| San Diego | 1 | 8.33% | 2025-04-17 |
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