# Spain exports to Panama: Trade Route Risk | Yugalinks

Understand reported exports from Spain to Panama, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/ESP-PAN/risk

## Route overview

In 2024, Spain reported $2.1B in goods exports to Panama. The overall review level is High attention.

## How to read this page

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $2.1B | 2024 route total |
| Exports needing review | 89% | Share of route exports |
| Highest-priority products | 1 | Need the closest review |
| Products needing review | 18 | High-attention product types |
| Export volatility | 0.9 | Higher means bigger yearly swings |
| Below highest year | 11.2% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 293379 | Heterocyclic compounds: lactams: other than 6-hexanelactam (epsilon caprolactam) | $1.9B | 9.9% | High attention |
| 2 | 330300 | Perfumes and toilet waters | $307.5M | 11.2% | Stable |
| 3 | 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $786.4M | 0% | Watch |
| 4 | 730890 | Iron or steel: structures and parts thereof, n.e.s. in heading no. 7308 | $213.9M | 57.3% | Critical attention |
| 5 | 854449 | Insulated electric conductors: for a voltage not exceeding 80 volts, not fitted with connectors | $98.4M | 20.2% | Watch |
| 6 | 150910 | Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modified | $11.9M | 0% | High attention |
| 7 | 940690 | Buildings: prefabricated, not of wood | $20.1M | 0% | Watch |
| 8 | 220421 | Wine: still, in containers holding 2 litres or less | $23.9M | 0% | Stable |
| 9 | 690721 | Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight not over 0.5% | $18.3M | 8.4% | Stable |
| 10 | 210690 | Food preparations: n.e.s. in item no. 2106.10 | $184.1M | 0% | Watch |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.