The Pancreas secretes enzymes for digestion and aqueous
bicarbonate (a base) to neutralize acid entering the duodenum (the
first portion of the small intestine) from the stomach. The
enzymatic component is secreted by the acinar cells of the
pancreas, while the aqueous portion is secreted by the epithelium
of the pancreatic ducts.
Here are some of the enzymes that are secreted by the acinar
cells:
-Trypsinogen 1,2, and 3
-chymotrypsinogen
-proelastase 1 and 2
-procarboxypeptidase A1, A2, B1, and B2
-alpha amylase
-Triacylglycerol hydrolase
-Phospholipase A2
-Colipase 1 and 2.
The pancreatic duct cells (epithelium of the ducts) secrete
primarily bicarbonate, but they also secrete Cl. You can also find
Na and K in the aqueous portion of the secretion.
That answer for the what the pancreas secretes is: Insulin.
The pancreas secretes the pancreatic enzyme protease, pancreatic
lipase, pancreatic amylase.