{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:21.170Z",
  "seo": {
    "title": "Panama exports to Bahamas: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Panama to Bahamas, 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": "BHS",
    "country_name": "Bahamas"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PAN",
    "importer_iso3": "BHS",
    "all_history_lane_count": 26,
    "current_lane_count": 17,
    "current_product_count": 17,
    "first_observed_last_year": 2016,
    "latest_data_year": 2024,
    "current_trade_usd": 16378432.53357327,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 3095906.381879276,
    "unrecovered_drawdown_trade_usd": 325183.8308993552,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 3533798.851613152,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 13,
    "unrecovered_drawdown_lane_count": 8,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 16,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.0530240938189064,
    "trade_weighted_below_peak_pct": 17.633821647555667,
    "product_concentration_hhi": 6240.706689861259,
    "top1_product_share_pct": 78.4240717518639,
    "top3_product_share_pct": 89.95363901849099,
    "top_product_hs6": "300490",
    "top_product_trade_usd": 12844633.681960123,
    "top_product_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 1810.24755859375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 31.395179963636355,
    "avg_mfn_tariff_pct": 31.395179963636355,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 11.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 11208.6,
    "buyer_gdp_pc_latest": 28239,
    "buyer_population_latest": 396.914,
    "buyer_gdp_5y_cagr_pct": 3.5837320057948707,
    "buyer_gdp_pc_5y_cagr_pct": 3.240316033278101,
    "buyer_population_5y_cagr_pct": 0.33263746733016575,
    "buyer_investment_5y_avg_pct": 28.464,
    "buyer_savings_5y_avg_pct": 21.665999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 11208.6,
    "buyer_gdp_pc_2024": 28239,
    "buyer_population_2024": 396.914
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 2938766.486447259,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 2761363.4354171515,
      "yoy_growth_pct": -6.036650133593091,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 3057154.3849072303,
      "yoy_growth_pct": 10.711771789843905,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 3787987.521763732,
      "yoy_growth_pct": 23.905666670434744,
      "cagr_3y_pct": 8.829797327279266
    },
    {
      "year": 1999,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 3230442.906211029,
      "yoy_growth_pct": -14.718755337744726,
      "cagr_3y_pct": 5.36899391583141
    },
    {
      "year": 2000,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 5713413.081484435,
      "yoy_growth_pct": 76.86160218153091,
      "cagr_3y_pct": 23.175996555544053
    },
    {
      "year": 2001,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 3503736.0260430295,
      "yoy_growth_pct": -38.67525459698244,
      "cagr_3y_pct": -2.5666549210615397
    },
    {
      "year": 2002,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 9702151.081951976,
      "yoy_growth_pct": 176.90873427211847,
      "cagr_3y_pct": 44.27862267642158
    },
    {
      "year": 2003,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 4843832.298336361,
      "yoy_growth_pct": -50.07465604873027,
      "cagr_3y_pct": -5.354967513657815
    },
    {
      "year": 2004,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 4777373.802715138,
      "yoy_growth_pct": -1.3720230496842012,
      "cagr_3y_pct": 10.888356908041374
    },
    {
      "year": 2005,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 8992428.34131633,
      "yoy_growth_pct": 88.22953180271635,
      "cagr_3y_pct": -2.500366279439581
    },
    {
      "year": 2006,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 16346710.885099707,
      "yoy_growth_pct": 81.78305419453412,
      "cagr_3y_pct": 49.99625900040287
    },
    {
      "year": 2007,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 17023849.585582703,
      "yoy_growth_pct": 4.142354417610816,
      "cagr_3y_pct": 52.74119470680956
    },
    {
      "year": 2008,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 19125144.952507973,
      "yoy_growth_pct": 12.343244436938816,
      "cagr_3y_pct": 28.60047811915798
    },
    {
      "year": 2009,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 17384963.490045037,
      "yoy_growth_pct": -9.0989190763479,
      "cagr_3y_pct": 2.0738432832050346
    },
    {
      "year": 2010,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 22275837.762263432,
      "yoy_growth_pct": 28.13278425933423,
      "cagr_3y_pct": 9.376853151652709
    },
    {
      "year": 2011,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 23008964.961023953,
      "yoy_growth_pct": 3.291131882826348,
      "cagr_3y_pct": 6.356519278407213
    },
    {
      "year": 2012,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 19379424.970138982,
      "yoy_growth_pct": -15.77446007255534,
      "cagr_3y_pct": 3.6865365214698853
    },
    {
      "year": 2013,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 20140051.19744423,
      "yoy_growth_pct": 3.924916391880906,
      "cagr_3y_pct": -3.303926026569004
    },
    {
      "year": 2014,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 26130791.908404034,
      "yoy_growth_pct": 29.745409543546874,
      "cagr_3y_pct": 4.332231475032899
    },
    {
      "year": 2015,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 32275829.406480644,
      "yoy_growth_pct": 23.51646103806091,
      "cagr_3y_pct": 18.534700933080828
    },
    {
      "year": 2016,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 42916966.08580568,
      "yoy_growth_pct": 32.969367092975176,
      "cagr_3y_pct": 28.68348509170722
    },
    {
      "year": 2017,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 44069574.65504716,
      "yoy_growth_pct": 2.685671132803358,
      "cagr_3y_pct": 19.031551887541486
    },
    {
      "year": 2018,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 48144018.14589609,
      "yoy_growth_pct": 9.245479500860787,
      "cagr_3y_pct": 14.25844456482459
    },
    {
      "year": 2019,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 32140103.895545162,
      "yoy_growth_pct": -33.24175020425698,
      "cagr_3y_pct": -9.188798631802463
    },
    {
      "year": 2020,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 23654771.698994633,
      "yoy_growth_pct": -26.401072703833584,
      "cagr_3y_pct": -18.730678488022722
    },
    {
      "year": 2021,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 21131662.330526553,
      "yoy_growth_pct": -10.666386471932498,
      "cagr_3y_pct": -24.002884387846834
    },
    {
      "year": 2022,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 25684407.047989454,
      "yoy_growth_pct": 21.544659602505845,
      "cagr_3y_pct": -7.201542824093343
    },
    {
      "year": 2023,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 32495615.964676462,
      "yoy_growth_pct": 26.518848202182575,
      "cagr_3y_pct": 11.16515321640379
    },
    {
      "year": 2024,
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "export_value_usd": 36767500.81175945,
      "yoy_growth_pct": 13.146034381150473,
      "cagr_3y_pct": 20.2754017176781
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "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": 35143264.89818724,
      "current_below_peak_pct": 15.474346566111588,
      "lane_volatility_cv": 0.9069386014441644,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "252321",
      "hs_description": "Cement: portland, white, whether or not artificially coloured",
      "buyer_imports_latest_usd": 10475271.36943402,
      "current_below_peak_pct": 48.53644786982402,
      "lane_volatility_cv": 1.0995150497651787,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "220890",
      "hs_description": "Spirits, liqueurs and other spirituous beverages: n.e.c. in heading no. 2208",
      "buyer_imports_latest_usd": 11913333.198719094,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.3539049999284103,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "220299",
      "hs_description": "Non-alcoholic beverages: other than non-alcoholic beer, n.e.c. in item no. 2202.10, not including fruit, nut or vegetable juices of heading no. 2009",
      "buyer_imports_latest_usd": 21749416.606962882,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7326920801525025,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "330300",
      "hs_description": "Perfumes and toilet waters",
      "buyer_imports_latest_usd": 10511045.326156124,
      "current_below_peak_pct": 41.75716642691928,
      "lane_volatility_cv": 0.7389447543890475,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "841510",
      "hs_description": "Air conditioning machines: comprising a motor-driven fan and elements for changing the temperature and humidity, window or wall types, self-contained or split-system",
      "buyer_imports_latest_usd": 14839443.29268324,
      "current_below_peak_pct": 20.411554267214598,
      "lane_volatility_cv": 0.8929394139516789,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "210690",
      "hs_description": "Food preparations: n.e.s. in item no. 2106.10",
      "buyer_imports_latest_usd": 37348770.29497464,
      "current_below_peak_pct": 76.74738017384594,
      "lane_volatility_cv": 1.1275784570660308,
      "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"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "340220",
      "hs_description": "Washing and cleaning preparations: surface-active, whether or not containing soap (excluding those of heading no. 3401), put up for retail sale",
      "buyer_imports_latest_usd": 15350028.949338855,
      "current_below_peak_pct": 42.81479885626954,
      "lane_volatility_cv": 1.8368093603097317,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "910221",
      "hs_description": "Wrist-watches: whether or not incorporating a stop-watch facility, with automatic winding",
      "buyer_imports_latest_usd": 11808265.69959127,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4854678252572138,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "BHS",
      "hs_code": "220300",
      "hs_description": "Beer: made from malt",
      "buyer_imports_latest_usd": 11984321.187225036,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.195465412674213,
      "attention_level": "Watch",
      "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": "PAN",
    "importer_iso3": "BHS",
    "distance_km": 1793,
    "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": 0,
    "exporter_is_eu": 0,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 11208.6,
    "importer_gdp_per_capita_usd": 28239.366714200056,
    "importer_population": 396.914,
    "importer_biz_entry_days": 11.5,
    "importer_biz_entry_cost_pct": 11,
    "exporter_gdp_million_usd": 63605.0658,
    "exporter_gdp_per_capita_usd": 14516.458047240005,
    "avg_applied_tariff_pct": 31.395179963636355,
    "avg_mfn_tariff_pct": 31.395179963636355,
    "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/PAN-BHS/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PAN-BHS/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PAN-BHS/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PAN-BHS/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-BHS/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"
  }
}