{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:57.775Z",
  "seo": {
    "title": "Canada exports to Panama: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Canada to Panama, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "CAN",
    "country_name": "Canada"
  },
  "importer": {
    "iso3": "PAN",
    "country_name": "Panama"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "CAN",
    "importer_iso3": "PAN",
    "all_history_lane_count": 128,
    "current_lane_count": 97,
    "current_product_count": 97,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 279461671.751177,
    "attention_trade_usd": 263176036.71680304,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 260463985.92786407,
    "unrecovered_drawdown_trade_usd": 9784491.03577983,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 268878749.74251163,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 10,
    "high_volatility_lane_count": 73,
    "unrecovered_drawdown_lane_count": 66,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 57,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 2.229474757102098,
    "trade_weighted_below_peak_pct": 27.350061194022768,
    "product_concentration_hhi": 5993.594710563219,
    "top1_product_share_pct": 76.9703461574452,
    "top3_product_share_pct": 87.51327739185808,
    "top_product_hs6": "271019",
    "top_product_trade_usd": 215102616.12426424,
    "top_product_description": "",
    "top_attention_product_hs6": "271019",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 3862.099609375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.027899999171495438,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 12.196142178989897,
    "avg_mfn_tariff_pct": 12.196142178989897,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 6,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 63605.0658,
    "buyer_gdp_pc_latest": 14516,
    "buyer_population_latest": 4381.583,
    "buyer_gdp_5y_cagr_pct": 4.395634788621838,
    "buyer_gdp_pc_5y_cagr_pct": 3.063341443383494,
    "buyer_population_5y_cagr_pct": 1.2926937226950042,
    "buyer_investment_5y_avg_pct": 37.974000000000004,
    "buyer_savings_5y_avg_pct": 37.7,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 94.17249781255366,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 63605.0658,
    "buyer_gdp_pc_2024": 14516,
    "buyer_population_2024": 4381.583
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 36691990.72231883,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 35204234.439408846,
      "yoy_growth_pct": -4.05471672052129,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 29644407.36712097,
      "yoy_growth_pct": -15.793063422120646,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 35350131.27394377,
      "yoy_growth_pct": 19.247218661389386,
      "cagr_3y_pct": -1.2342001281853143
    },
    {
      "year": 1999,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 35028981.50803394,
      "yoy_growth_pct": -0.9084825270409769,
      "cagr_3y_pct": -0.1662153758342999
    },
    {
      "year": 2000,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 39419003.55015664,
      "yoy_growth_pct": 12.532542635063027,
      "cagr_3y_pct": 9.96495218702349
    },
    {
      "year": 2001,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 31634263.859581452,
      "yoy_growth_pct": -19.74869730197493,
      "cagr_3y_pct": -3.6343547009982546
    },
    {
      "year": 2002,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 22670412.790998578,
      "yoy_growth_pct": -28.33589271548004,
      "cagr_3y_pct": -13.50108910724157
    },
    {
      "year": 2003,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 35501685.1451387,
      "yoy_growth_pct": 56.599200342901824,
      "cagr_3y_pct": -3.42876722366271
    },
    {
      "year": 2004,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 45597699.65139299,
      "yoy_growth_pct": 28.438127556423186,
      "cagr_3y_pct": 12.960966686342168
    },
    {
      "year": 2005,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 41583659.14622309,
      "yoy_growth_pct": -8.803164492635263,
      "cagr_3y_pct": 22.41118198732468
    },
    {
      "year": 2006,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 59273657.614282236,
      "yoy_growth_pct": 42.540745165919034,
      "cagr_3y_pct": 18.63265582583111
    },
    {
      "year": 2007,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 62226639.6401545,
      "yoy_growth_pct": 4.981946693906636,
      "cagr_3y_pct": 10.920326282929826
    },
    {
      "year": 2008,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 100810370.97646542,
      "yoy_growth_pct": 62.00516621086037,
      "cagr_3y_pct": 34.33654367113084
    },
    {
      "year": 2009,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 62420072.244477175,
      "yoy_growth_pct": -38.08169572250717,
      "cagr_3y_pct": 1.739011399390078
    },
    {
      "year": 2010,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 112968265.71544607,
      "yoy_growth_pct": 80.98067120619412,
      "cagr_3y_pct": 21.990694624706396
    },
    {
      "year": 2011,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 89838054.15183792,
      "yoy_growth_pct": -20.474963846812045,
      "cagr_3y_pct": -3.7682519982893736
    },
    {
      "year": 2012,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 80567079.67970926,
      "yoy_growth_pct": -10.3196519110482,
      "cagr_3y_pct": 8.879082293513285
    },
    {
      "year": 2013,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 81516036.49235407,
      "yoy_growth_pct": 1.177846853103448,
      "cagr_3y_pct": -10.306246683523169
    },
    {
      "year": 2014,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 83681184.3138774,
      "yoy_growth_pct": 2.656100461565525,
      "cagr_3y_pct": -2.3387016337290234
    },
    {
      "year": 2015,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 106489953.90211809,
      "yoy_growth_pct": 27.256748067388603,
      "cagr_3y_pct": 9.744729487488346
    },
    {
      "year": 2016,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 98271665.33027984,
      "yoy_growth_pct": -7.717430866194396,
      "cagr_3y_pct": 6.4294342495973655
    },
    {
      "year": 2017,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 110911474.08414961,
      "yoy_growth_pct": 12.862109043729774,
      "cagr_3y_pct": 9.845655910470064
    },
    {
      "year": 2018,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 103609537.56930722,
      "yoy_growth_pct": -6.583571785640807,
      "cagr_3y_pct": -0.9098774692914868
    },
    {
      "year": 2019,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 160666479.5296639,
      "yoy_growth_pct": 55.069198549592734,
      "cagr_3y_pct": 17.805523623575592
    },
    {
      "year": 2020,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 89814553.46495809,
      "yoy_growth_pct": -44.09876053307335,
      "cagr_3y_pct": -6.791236674381618
    },
    {
      "year": 2021,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 154146437.73154157,
      "yoy_growth_pct": 71.62746101241055,
      "cagr_3y_pct": 14.159288266043513
    },
    {
      "year": 2022,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 269942885.7497589,
      "yoy_growth_pct": 75.12106651461265,
      "cagr_3y_pct": 18.881844904671794
    },
    {
      "year": 2023,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 442775199.87253255,
      "yoy_growth_pct": 64.02551178288573,
      "cagr_3y_pct": 70.1945011429579
    },
    {
      "year": 2024,
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "export_value_usd": 316592781.597448,
      "yoy_growth_pct": -28.49807719840911,
      "cagr_3y_pct": 27.11276681295476
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 5370771533.469835,
      "current_below_peak_pct": 29.650142626813704,
      "lane_volatility_cv": 2.543345101772875,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "200410",
      "hs_description": "Vegetable preparations: potatoes, prepared or preserved otherwise than by vinegar or acetic acid, frozen",
      "buyer_imports_latest_usd": 48881583.43545251,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3605858734105198,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "071340",
      "hs_description": "Vegetables, leguminous: lentils, shelled, whether or not skinned or split, dried",
      "buyer_imports_latest_usd": 13937332.020954981,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.6249633099874027,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "100119",
      "hs_description": "Cereals: wheat and meslin, durum wheat, other than seed",
      "buyer_imports_latest_usd": 36871815.38375621,
      "current_below_peak_pct": 6.52817966831136,
      "lane_volatility_cv": 1.3675748063206041,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "680520",
      "hs_description": "Abrasive powder or grain: natural or artificial, on a base of paper or paperboard only, whether or not cut to shape or sewn or otherwise made up",
      "buyer_imports_latest_usd": 11722583.794398664,
      "current_below_peak_pct": 49.93753736578088,
      "lane_volatility_cv": 1.357852002301002,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 786352625.1107919,
      "current_below_peak_pct": 40.262140541360466,
      "lane_volatility_cv": 0.7285192596657427,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "300450",
      "hs_description": "Medicaments: containing vitamins or their derivatives, for therapeutic or prophylactic use, packaged for retail sale",
      "buyer_imports_latest_usd": 34044949.70717336,
      "current_below_peak_pct": 5.78697517044932,
      "lane_volatility_cv": 1.19767371201238,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "300220",
      "hs_description": "Vaccines: for human medicine",
      "buyer_imports_latest_usd": 94899186.37472649,
      "current_below_peak_pct": 33.54077474066067,
      "lane_volatility_cv": 1.0375168500901775,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "020329",
      "hs_description": "Meat: of swine, n.e.s. in item no. 0203.2, frozen",
      "buyer_imports_latest_usd": 28540253.927291714,
      "current_below_peak_pct": 50.384592260409676,
      "lane_volatility_cv": 0.816113472836254,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "CAN",
      "importer_iso3": "PAN",
      "hs_code": "842139",
      "hs_description": "Machinery: for filtering or purifying gases, other than intake air filters for internal combustion engines",
      "buyer_imports_latest_usd": 98639572.49885117,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.526719162263996,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "CAN",
    "importer_iso3": "PAN",
    "distance_km": 3846,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 63605.0658,
    "importer_gdp_per_capita_usd": 14516.458047240005,
    "importer_population": 4381.583,
    "importer_biz_entry_days": 6,
    "importer_biz_entry_cost_pct": 5.8,
    "exporter_gdp_million_usd": 1990761.6096649999,
    "exporter_gdp_per_capita_usd": 52051.3501037452,
    "avg_applied_tariff_pct": 12.196142178989897,
    "avg_mfn_tariff_pct": 12.196142178989897,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/CAN-PAN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/CAN-PAN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/CAN-PAN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/CAN-PAN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/CAN-PAN/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}