{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:21.110Z",
  "seo": {
    "title": "Panama exports to Australia: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Panama to Australia, 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": "PAN",
    "country_name": "Panama"
  },
  "importer": {
    "iso3": "AUS",
    "country_name": "Australia"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PAN",
    "importer_iso3": "AUS",
    "all_history_lane_count": 60,
    "current_lane_count": 10,
    "current_product_count": 10,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 6525967.749904468,
    "attention_trade_usd": 4208593.1557985805,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 3449431.5189012657,
    "unrecovered_drawdown_trade_usd": 667677.066,
    "declining_demand_trade_usd": 15646.762587831681,
    "concentrated_market_trade_usd": 2529397.625897315,
    "access_friction_trade_usd": 6525967.749904468,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 2,
    "high_volatility_lane_count": 3,
    "unrecovered_drawdown_lane_count": 2,
    "declining_demand_lane_count": 1,
    "concentrated_market_lane_count": 3,
    "access_friction_lane_count": 10,
    "trade_weighted_volatility_cv": 0.9646600157146656,
    "trade_weighted_below_peak_pct": 9.479629773606984,
    "product_concentration_hhi": 2374.9057861250863,
    "top1_product_share_pct": 38.344469200570245,
    "top3_product_share_pct": 72.84695072370543,
    "top_product_hs6": "870899",
    "top_product_trade_usd": 2502347.6939012655,
    "top_product_description": "Vehicle parts and accessories: n.e.c. in heading no. 8708",
    "top_attention_product_hs6": "870899",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 14172.6162109375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.01860000006854534,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 6.141381561414142,
    "avg_mfn_tariff_pct": 7.872936858989897,
    "avg_preferential_tariff_pct": 10.862518412929292,
    "tariff_advantage_pp": -2.989581553939395,
    "buyer_biz_entry_days": 2,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1542659.899993,
    "buyer_gdp_pc_latest": 59934,
    "buyer_population_latest": 25739.256,
    "buyer_gdp_5y_cagr_pct": 4.672430715538289,
    "buyer_gdp_pc_5y_cagr_pct": 3.1982410002894257,
    "buyer_population_5y_cagr_pct": 1.4285027544653106,
    "buyer_investment_5y_avg_pct": 27.404000000000003,
    "buyer_savings_5y_avg_pct": 25.023999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 64.48994719381182,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 1542659.899993,
    "buyer_gdp_pc_2024": 59934,
    "buyer_population_2024": 25739.256
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 787929.3231598845,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 1043767.633907107,
      "yoy_growth_pct": 32.46970295777511,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 233827.01592819527,
      "yoy_growth_pct": -77.59779012758645,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 277231.30218802183,
      "yoy_growth_pct": 18.56256262242826,
      "cagr_3y_pct": -29.403202490459822
    },
    {
      "year": 1999,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 74445.27959996185,
      "yoy_growth_pct": -73.14687085750796,
      "cagr_3y_pct": -58.529005842999204
    },
    {
      "year": 2000,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 1500100.452767135,
      "yoy_growth_pct": 1915.0377039727093,
      "cagr_3y_pct": 85.81262481895888
    },
    {
      "year": 2001,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 1629567.8955438773,
      "yoy_growth_pct": 8.630584874361059,
      "cagr_3y_pct": 80.4720971485769
    },
    {
      "year": 2002,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 142899.74171707808,
      "yoy_growth_pct": -91.23082001628508,
      "cagr_3y_pct": 24.279098078161955
    },
    {
      "year": 2003,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 189558.80869178518,
      "yoy_growth_pct": 32.6516104326386,
      "cagr_3y_pct": -49.81878070698694
    },
    {
      "year": 2004,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 220399.1200022376,
      "yoy_growth_pct": 16.269521592424386,
      "cagr_3y_pct": -48.66907008207762
    },
    {
      "year": 2005,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 393496.4857672754,
      "yoy_growth_pct": 78.53813833888283,
      "cagr_3y_pct": 40.163996299632075
    },
    {
      "year": 2006,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 4484206.421216499,
      "yoy_growth_pct": 1039.5797887426577,
      "cagr_3y_pct": 187.0651962393251
    },
    {
      "year": 2007,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 3710846.693609482,
      "yoy_growth_pct": -17.246300793557488,
      "cagr_3y_pct": 156.30341070751058
    },
    {
      "year": 2008,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 1804560.468629187,
      "yoy_growth_pct": -51.37065425696906,
      "cagr_3y_pct": 66.1410153981281
    },
    {
      "year": 2009,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 1400880.6720701873,
      "yoy_growth_pct": -22.369978927092994,
      "cagr_3y_pct": -32.14656330504702
    },
    {
      "year": 2010,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 2762354.4054823425,
      "yoy_growth_pct": 97.18698819651802,
      "cagr_3y_pct": -9.370664694949859
    },
    {
      "year": 2011,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 4196436.54731891,
      "yoy_growth_pct": 51.91521185661037,
      "cagr_3y_pct": 32.48592444601144
    },
    {
      "year": 2012,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 7071034.7640014365,
      "yoy_growth_pct": 68.50093369144585,
      "cagr_3y_pct": 71.5381056357378
    },
    {
      "year": 2013,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 7641657.483178556,
      "yoy_growth_pct": 8.069861600485307,
      "cagr_3y_pct": 40.37918721192777
    },
    {
      "year": 2014,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 9382441.12662786,
      "yoy_growth_pct": 22.78018410640965,
      "cagr_3y_pct": 30.761048941408188
    },
    {
      "year": 2015,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 7497465.397910006,
      "yoy_growth_pct": -20.09046156834594,
      "cagr_3y_pct": 1.9711144799473335
    },
    {
      "year": 2016,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 5220021.932864445,
      "yoy_growth_pct": -30.37617840397665,
      "cagr_3y_pct": -11.929947880527381
    },
    {
      "year": 2017,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 6574907.253345793,
      "yoy_growth_pct": 25.955548423105302,
      "cagr_3y_pct": -11.177172424150772
    },
    {
      "year": 2018,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 13119523.013652155,
      "yoy_growth_pct": 99.539286382724,
      "cagr_3y_pct": 20.503924744112247
    },
    {
      "year": 2019,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 16580186.430634288,
      "yoy_growth_pct": 26.377966739956715,
      "cagr_3y_pct": 46.99605986463779
    },
    {
      "year": 2020,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 4155590.225145537,
      "yoy_growth_pct": -74.93640832971887,
      "cagr_3y_pct": -14.181478458073515
    },
    {
      "year": 2021,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 9057457.689801889,
      "yoy_growth_pct": 117.95839337081601,
      "cagr_3y_pct": -11.618217529601749
    },
    {
      "year": 2022,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 3898425.31236849,
      "yoy_growth_pct": -56.95894536987057,
      "cagr_3y_pct": -38.27895513188134
    },
    {
      "year": 2023,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 3532546.910617985,
      "yoy_growth_pct": -9.385286941106363,
      "cagr_3y_pct": -5.270537322401447
    },
    {
      "year": 2024,
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "export_value_usd": 7642066.461918768,
      "yoy_growth_pct": 116.33304964609405,
      "cagr_3y_pct": -5.506594991264424
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "870899",
      "hs_description": "Vehicle parts and accessories: n.e.c. in heading no. 8708",
      "buyer_imports_latest_usd": 932338407.6347195,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6039167873756273,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "850164",
      "hs_description": "Electric generators: AC generators, (alternators), of an output exceeding 750kVA",
      "buyer_imports_latest_usd": 120244077.16387501,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "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",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "950890",
      "hs_description": "Roundabouts, swings, shooting galleries, other fairground amusements: travelling theatres",
      "buyer_imports_latest_usd": 38611230.666246235,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "640359",
      "hs_description": "Footwear: n.e.s. in heading no. 6403, (not covering the ankle), outer soles and uppers of leather",
      "buyer_imports_latest_usd": 48183197.78381892,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.4971622698807856,
      "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": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "090111",
      "hs_description": "Coffee: not roasted or decaffeinated",
      "buyer_imports_latest_usd": 451664640.8250296,
      "current_below_peak_pct": 75.8924526196722,
      "lane_volatility_cv": 1.0285025088484763,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "220840",
      "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
      "buyer_imports_latest_usd": 16069541.525958247,
      "current_below_peak_pct": 23.763981089901264,
      "lane_volatility_cv": 0.8311040037019679,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "151590",
      "hs_description": "Vegetable fats and oils and their fractions: fixed, n.e.s. in heading no. 1515, whether or not refined, but not chemically modified",
      "buyer_imports_latest_usd": 50462481.66872152,
      "current_below_peak_pct": 76.69716851979021,
      "lane_volatility_cv": 0.8070601228892816,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "890392",
      "hs_description": "Motorboats: (other than outboard motorboats), for pleasure or sports, other than inflatable",
      "buyer_imports_latest_usd": 178863954.70342475,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.37459013552846476,
      "attention_level": "Watch",
      "primary_risk_reason": "The lane has limited historical coverage",
      "risk_driver_labels": [
        "long_distance_without_fta",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "591190",
      "hs_description": "Textile products and articles for technical uses: n.e.s. in heading no. 5911",
      "buyer_imports_latest_usd": 49560695.05861593,
      "current_below_peak_pct": 38.07239912155921,
      "lane_volatility_cv": 0.7945237700999167,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "AUS",
      "hs_code": "520852",
      "hs_description": "Fabrics, woven: containing 85% or more by weight of cotton, printed, plain weave, weighing more than 100g/m2 but not more than 200g/m2",
      "buyer_imports_latest_usd": 10059043.163189149,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "Buyer demand is declining in both recent and longer-term observations",
      "risk_driver_labels": [
        "declining_buyer_demand",
        "long_distance_without_fta",
        "limited_history"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PAN",
    "importer_iso3": "AUS",
    "distance_km": 14545,
    "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": 1542659.8999929999,
    "importer_gdp_per_capita_usd": 59934.12940890754,
    "importer_population": 25739.256,
    "importer_biz_entry_days": 2,
    "importer_biz_entry_cost_pct": 0.7,
    "exporter_gdp_million_usd": 63605.0658,
    "exporter_gdp_per_capita_usd": 14516.458047240005,
    "avg_applied_tariff_pct": 6.141381561414142,
    "avg_mfn_tariff_pct": 7.872936858989897,
    "avg_preferential_tariff_pct": 10.862518412929292,
    "tariff_advantage_pp": -2.989581553939395
  },
  "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/PAN-AUS/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PAN-AUS/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PAN-AUS/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PAN-AUS/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-AUS/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"
  }
}