Panjin is dominated by petrochemical industry. Panjin is an important petroleum and petrochemical industrial base in China and one of the important central cities in Liaoning coastal economic belt. It has formed an industrial pattern based on oil and gas exploration, dominated by petrochemical industry and fine chemical industry, with equipment manufacturing, light industrial building materials, electronic information and deep processing of grain and oil competing for development.

Panjin is a "petrochemical new city", which is built and prospered by oil; The Red Beach Scenic Area, which is dominated by the Red Beach National Scenic Corridor, is a national 5A-level scenic spot and an excellent tourist scenic spot in Liaoning Province. Tianzhuangtai, an ancient town, was the battlefield of the last Sino-Japanese War and became a patriotic education base. Dongfeng Town, Dawa County is the ancestral home of General Zhang and Zhang Xueliang. Panjin is a pilot city for the construction of a "waste-free city".

Panjin is located in the north temperate zone and belongs to the continental semi-humid monsoon climate in the warm temperate zone. The main characteristics of the climate are: four distinct seasons, rain and heat in the same season, dry and cold in the same period, appropriate temperature and sufficient sunshine. There is less wind and rain in spring, dry climate, high temperature and rainy summer, clear autumn, rapid cooling, cold winter and less snowfall.