{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:47:57.552Z", "seo": { "title": "New Zealand exports to Panama: Trade Route Risk | Yugalinks", "description": "Understand reported exports from New Zealand 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": "NZL", "country_name": "New Zealand" }, "importer": { "iso3": "PAN", "country_name": "Panama" }, "latestYear": 2024, "risk": { "exporter_iso3": "NZL", "importer_iso3": "PAN", "all_history_lane_count": 30, "current_lane_count": 8, "current_product_count": 8, "first_observed_last_year": 1995, "latest_data_year": 2024, "current_trade_usd": 26262749.94151063, "attention_trade_usd": 25308408.297117874, "critical_trade_usd": 0, "high_volatility_trade_usd": 954341.6443927546, "unrecovered_drawdown_trade_usd": 5280914.23498416, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 26262749.94151063, "access_friction_trade_usd": 26262749.94151063, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 3, "high_volatility_lane_count": 5, "unrecovered_drawdown_lane_count": 3, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 8, "access_friction_lane_count": 8, "trade_weighted_volatility_cv": 0.7140200470659014, "trade_weighted_below_peak_pct": 35.07851783885579, "product_concentration_hhi": 3434.6264705044828, "top1_product_share_pct": 44.30485440113885, "top3_product_share_pct": 96.36617777453559, "top_product_hs6": "040590", "top_product_trade_usd": 11635673.123321462, "top_product_description": "Dairy produce: fats and oils derived from milk (other than butter or dairy spreads)", "top_attention_product_hs6": "040590", "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers", "distance_km": 11961.166015625, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.00930000003427267, "has_reported_fta": 0, "avg_applied_tariff_pct": 12.196142178989895, "avg_mfn_tariff_pct": 12.196142178989895, "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": 96.36617777453559, "critical_trade_share_pct": 0, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets", "market_access_friction" ], "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": "NZL", "importer_iso3": "PAN", "export_value_usd": 16893100.201880686, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 9556262.3920289, "yoy_growth_pct": -43.430973132065986, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 12405787.82133802, "yoy_growth_pct": 29.818409252617162, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 9503069.870180225, "yoy_growth_pct": -23.39809444560308, "cagr_3y_pct": -17.44978891891844 }, { "year": 1999, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 10220577.065302651, "yoy_growth_pct": 7.550267491707063, "cagr_3y_pct": 2.2654931820033974 }, { "year": 2000, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 6472645.552051426, "yoy_growth_pct": -36.67044912732862, "cagr_3y_pct": -19.495685048203736 }, { "year": 2001, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 13784517.988085918, "yoy_growth_pct": 112.96574757931994, "cagr_3y_pct": 13.198990542699907 }, { "year": 2002, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 13927914.46998407, "yoy_growth_pct": 1.040272006769416, "cagr_3y_pct": 10.867322177891703 }, { "year": 2003, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 19734989.499108657, "yoy_growth_pct": 41.693787261828504, "cagr_3y_pct": 45.00568351049709 }, { "year": 2004, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 15312673.279004892, "yoy_growth_pct": -22.40850556471541, "cagr_3y_pct": 3.5666218476676947 }, { "year": 2005, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 22674087.58678458, "yoy_growth_pct": 48.07399840413807, "cagr_3y_pct": 17.638075103381844 }, { "year": 2006, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 22958814.190821048, "yoy_growth_pct": 1.255735662776658, "cagr_3y_pct": 5.172981216489059 }, { "year": 2007, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 31851187.31116181, "yoy_growth_pct": 38.731848458863084, "cagr_3y_pct": 27.651190640493727 }, { "year": 2008, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 38157098.588824496, "yoy_growth_pct": 19.798041486048046, "cagr_3y_pct": 18.94563470067323 }, { "year": 2009, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 28415917.007979073, "yoy_growth_pct": -25.52914645270863, "cagr_3y_pct": 7.366980814026691 }, { "year": 2010, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 31357717.23397937, "yoy_growth_pct": 10.352649274609904, "cagr_3y_pct": -0.5191231738196245 }, { "year": 2011, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 25775764.49624266, "yoy_growth_pct": -17.800889956645438, "cagr_3y_pct": -12.257082605582937 }, { "year": 2012, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 30240380.47921564, "yoy_growth_pct": 17.320983762184007, "cagr_3y_pct": 2.0959524779466054 }, { "year": 2013, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 21591745.03919314, "yoy_growth_pct": -28.599625080665735, "cagr_3y_pct": -11.695852683624008 }, { "year": 2014, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 33011319.51161266, "yoy_growth_pct": 52.88861299395122, "cagr_3y_pct": 8.59682037528049 }, { "year": 2015, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 35153955.67597431, "yoy_growth_pct": 6.490610481680137, "cagr_3y_pct": 5.146700698463147 }, { "year": 2016, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 27151654.379382692, "yoy_growth_pct": -22.763587035130517, "cagr_3y_pct": 7.936794883293441 }, { "year": 2017, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 30948197.442074973, "yoy_growth_pct": 13.982731989897257, "cagr_3y_pct": -2.128218946669058 }, { "year": 2018, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 36151579.09779839, "yoy_growth_pct": 16.81319781374171, "cagr_3y_pct": 0.9371466603979473 }, { "year": 2019, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 28422619.83258352, "yoy_growth_pct": -21.37931304274773, "cagr_3y_pct": 1.5365968162721844 }, { "year": 2020, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 35291858.62015956, "yoy_growth_pct": 24.168211192485444, "cagr_3y_pct": 4.475162975694902 }, { "year": 2021, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 29075047.04574679, "yoy_growth_pct": -17.615426949663625, "cagr_3y_pct": -7.003975183936861 }, { "year": 2022, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 30265192.97886079, "yoy_growth_pct": 4.093358580783812, "cagr_3y_pct": 2.115839897822247 }, { "year": 2023, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 29790453.25385934, "yoy_growth_pct": -1.5685996958058057, "cagr_3y_pct": -5.492227600587485 }, { "year": 2024, "exporter_iso3": "NZL", "importer_iso3": "PAN", "export_value_usd": 33018375.703293536, "yoy_growth_pct": 10.835425771898976, "cagr_3y_pct": 4.330613115180082 } ], "riskLanes": [ { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "040590", "hs_description": "Dairy produce: fats and oils derived from milk (other than butter or dairy spreads)", "buyer_imports_latest_usd": 12090928.07229089, "current_below_peak_pct": 14.880617694169008, "lane_volatility_cv": 0.8208938400743174, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "040690", "hs_description": "Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406", "buyer_imports_latest_usd": 47500913.06683846, "current_below_peak_pct": 39.08273558079269, "lane_volatility_cv": 0.5526141190028856, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "040221", "hs_description": "Dairy produce: milk and cream, concentrated, not containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)", "buyer_imports_latest_usd": 13516178.828237474, "current_below_peak_pct": 75.4186911930019, "lane_volatility_cv": 0.6634824992401961, "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", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "300230", "hs_description": "Vaccines: for veterinary medicine", "buyer_imports_latest_usd": 33335603.6084851, "current_below_peak_pct": 0, "lane_volatility_cv": 1.0774523416837916, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "040210", "hs_description": "Dairy produce: milk and cream, concentrated or containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content not exceeding 1.5% (by weight)", "buyer_imports_latest_usd": 13986403.14056584, "current_below_peak_pct": 89.3860628518588, "lane_volatility_cv": 1.0574550549864181, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "611090", "hs_description": "Jerseys, pullovers, cardigans, waistcoats and similar articles: of textile materials (other than wool or fine animal hair, cotton or man-made fibres), knitted or crocheted", "buyer_imports_latest_usd": 15119354.88087909, "current_below_peak_pct": 0, "lane_volatility_cv": 1.4121238707596127, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "limited_history" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "650500", "hs_description": "Hats and other headgear: knitted or crocheted, or made up from lace, felt or other textile fabric, in the piece (but not in strips), whether or not lined or trimmed: hair-nets of any material, whether or not lined or trimmed", "buyer_imports_latest_usd": 15528907.385468356, "current_below_peak_pct": 0, "lane_volatility_cv": 2.425710159307182, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "NZL", "importer_iso3": "PAN", "hs_code": "040610", "hs_description": "Dairy produce: fresh cheese (including whey cheese), not fermented, and curd", "buyer_imports_latest_usd": 15485454.024119679, "current_below_peak_pct": 98.83646538581196, "lane_volatility_cv": 1.375352967253555, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "NZL", "importer_iso3": "PAN", "distance_km": 12005, "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": 0, "rta_coverage_ratio": null, "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": 249991.512237, "exporter_gdp_per_capita_usd": 48801.685128059966, "avg_applied_tariff_pct": 12.196142178989895, "avg_mfn_tariff_pct": 12.196142178989895, "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/NZL-PAN/risk", "html": "https://www.yugalinks.com/trade/corridor/NZL-PAN/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/NZL-PAN/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/NZL-PAN/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/NZL-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" } }