# New Zealand exports to Panama: Trade Route Risk | Yugalinks

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

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

## Route overview

In 2024, New Zealand reported $26.3M 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 | $26.3M | 2024 route total |
| Exports needing review | 96.4% | Share of route exports |
| Highest-priority products | 0 | Need the closest review |
| Products needing review | 3 | High-attention product types |
| Export volatility | 0.7 | Higher means bigger yearly swings |
| Below highest year | 35.1% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 040590 | Dairy produce: fats and oils derived from milk (other than butter or dairy spreads) | $12.1M | 14.9% | High attention |
| 2 | 040690 | Dairy produce: cheese (not grated, powdered or processed), n.e.c. in heading no. 0406 | $47.5M | 39.1% | High attention |
| 3 | 040221 | 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) | $13.5M | 75.4% | High attention |
| 4 | 300230 | Vaccines: for veterinary medicine | $33.3M | 0% | Watch |
| 5 | 040210 | 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) | $14.0M | 89.4% | Watch |
| 6 | 611090 | 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 | $15.1M | 0% | Watch |
| 7 | 650500 | 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 | $15.5M | 0% | Watch |
| 8 | 040610 | Dairy produce: fresh cheese (including whey cheese), not fermented, and curd | $15.5M | 98.8% | 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.