{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:21.172Z", "seo": { "title": "Panama exports to Brazil: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Panama to Brazil, 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": "BRA", "country_name": "Brazil" }, "latestYear": 2024, "risk": { "exporter_iso3": "PAN", "importer_iso3": "BRA", "all_history_lane_count": 207, "current_lane_count": 23, "current_product_count": 23, "first_observed_last_year": 1995, "latest_data_year": 2024, "current_trade_usd": 11613919.649390647, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 2946007.9103781437, "unrecovered_drawdown_trade_usd": 661874, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 1719471.5110479314, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 11, "unrecovered_drawdown_lane_count": 5, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 13, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 1.0281436784557045, "trade_weighted_below_peak_pct": 24.31032487320174, "product_concentration_hhi": 3577.4454189342373, "top1_product_share_pct": 58.46476646113404, "top3_product_share_pct": 72.96757939437887, "top_product_hs6": "760200", "top_product_trade_usd": 6790051, "top_product_description": "Aluminium: waste and scrap", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 5084.88671875, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.055799998342990875, "has_reported_fta": 0, "avg_applied_tariff_pct": 28.65600692707071, "avg_mfn_tariff_pct": 28.83659997252525, "avg_preferential_tariff_pct": 10.443376493737373, "tariff_advantage_pp": 18.393223478787878, "buyer_biz_entry_days": 16.6, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 1608981.220812, "buyer_gdp_pc_latest": 7519, "buyer_population_latest": 213993.439, "buyer_gdp_5y_cagr_pct": 3.134039194863969, "buyer_gdp_pc_5y_cagr_pct": 2.688169663595019, "buyer_population_5y_cagr_pct": 0.43419756407150345, "buyer_investment_5y_avg_pct": 19.334000000000003, "buyer_savings_5y_avg_pct": 16.486, "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": "Volatile products account for the largest observed corridor exposure", "buyer_gdp_mn_2024": 1608981.220812, "buyer_gdp_pc_2024": 7519, "buyer_population_2024": 213993.439 }, "history": [ { "year": 1995, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 321270458.9174322, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 36601018.62369229, "yoy_growth_pct": -88.60741235063293, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 29900914.22367496, "yoy_growth_pct": -18.30578670201345, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 30224772.159398776, "yoy_growth_pct": 1.083103791747586, "cagr_3y_pct": -54.51892226114121 }, { "year": 1999, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 20016310.477026995, "yoy_growth_pct": -33.77514850578396, "cagr_3y_pct": -18.22316736167461 }, { "year": 2000, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 15850053.794796614, "yoy_growth_pct": -20.81430884583877, "cagr_3y_pct": -19.068903504897218 }, { "year": 2001, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 23919304.20293772, "yoy_growth_pct": 50.9099244242953, "cagr_3y_pct": -7.5028179313221255 }, { "year": 2002, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 12020635.981036894, "yoy_growth_pct": -49.74504325439138, "cagr_3y_pct": -15.631342419272299 }, { "year": 2003, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 6478503.123366133, "yoy_growth_pct": -46.105155055137935, "cagr_3y_pct": -25.78677397402632 }, { "year": 2004, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 23704670.16643263, "yoy_growth_pct": 265.8973333043025, "cagr_3y_pct": -0.3000076745043989 }, { "year": 2005, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 13292745.45488715, "yoy_growth_pct": -43.92351649882668, "cagr_3y_pct": 3.409970504844062 }, { "year": 2006, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 47791597.62757063, "yoy_growth_pct": 259.53142855074975, "cagr_3y_pct": 94.66698030611443 }, { "year": 2007, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 65032331.83379887, "yoy_growth_pct": 36.074822902095626, "cagr_3y_pct": 39.990469452308105 }, { "year": 2008, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 71916008.36364649, "yoy_growth_pct": 10.585006466383561, "cagr_3y_pct": 75.55112971404982 }, { "year": 2009, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 60625862.65061473, "yoy_growth_pct": -15.6990716947785, "cagr_3y_pct": 8.251883334200949 }, { "year": 2010, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 79842812.75954019, "yoy_growth_pct": 31.69761100088957, "cagr_3y_pct": 7.0784724893553586 }, { "year": 2011, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 87081543.34774414, "yoy_growth_pct": 9.066226925151778, "cagr_3y_pct": 6.586004152266378 }, { "year": 2012, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 77080543.83479999, "yoy_growth_pct": -11.484637419673415, "cagr_3y_pct": 8.333376576940177 }, { "year": 2013, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 51304700.81108965, "yoy_growth_pct": -33.44014162504283, "cagr_3y_pct": -13.707355781061137 }, { "year": 2014, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 39755806.880801395, "yoy_growth_pct": -22.510401089390875, "cagr_3y_pct": -22.99986529237148 }, { "year": 2015, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 27524408.069469612, "yoy_growth_pct": -30.766320120240064, "cagr_3y_pct": -29.054573163159926 }, { "year": 2016, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 27079832.59678092, "yoy_growth_pct": -1.615204481660848, "cagr_3y_pct": -19.18420081979709 }, { "year": 2017, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 25398001.63477544, "yoy_growth_pct": -6.210640172884241, "cagr_3y_pct": -13.874255026627102 }, { "year": 2018, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 35028504.0050253, "yoy_growth_pct": 37.91834691853702, "cagr_3y_pct": 8.368035528622396 }, { "year": 2019, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 27445430.147461053, "yoy_growth_pct": -21.648294932824864, "cagr_3y_pct": 0.4480142205744553 }, { "year": 2020, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 123453694.68257695, "yoy_growth_pct": 349.8151204746103, "cagr_3y_pct": 69.39536189689117 }, { "year": 2021, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 120019589.15672311, "yoy_growth_pct": -2.7816952215837576, "cagr_3y_pct": 50.75677854500738 }, { "year": 2022, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 14213483.156557519, "yoy_growth_pct": -88.15736392998532, "cagr_3y_pct": -19.69483246656576 }, { "year": 2023, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 13796040.256224742, "yoy_growth_pct": -2.936950047604525, "cagr_3y_pct": -51.83294205100395 }, { "year": 2024, "exporter_iso3": "PAN", "importer_iso3": "BRA", "export_value_usd": 14920027.853333674, "yoy_growth_pct": 8.147175394054052, "cagr_3y_pct": -50.09173190173561 } ], "riskLanes": [ { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "760200", "hs_description": "Aluminium: waste and scrap", "buyer_imports_latest_usd": 285574830.0437463, "current_below_peak_pct": 26.88654449022645, "lane_volatility_cv": 0.7869890719878943, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "902140", "hs_description": "Hearing aids (excluding parts and accessories)", "buyer_imports_latest_usd": 76270918.70683204, "current_below_peak_pct": 0, "lane_volatility_cv": 1.4990841955097978, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "740400", "hs_description": "Copper: waste and scrap", "buyer_imports_latest_usd": 151533534.95666835, "current_below_peak_pct": 48.34480826578024, "lane_volatility_cv": 0.6865182455426512, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "390799", "hs_description": "Polyesters: n.e.c. in heading no. 3907, saturated, in primary forms", "buyer_imports_latest_usd": 105037709.55614783, "current_below_peak_pct": 74.82325518338556, "lane_volatility_cv": 2.106935531887174, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown" ] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "902620", "hs_description": "Instruments and apparatus: for measuring or checking pressure", "buyer_imports_latest_usd": 170181162.19268975, "current_below_peak_pct": 0, "lane_volatility_cv": 2.3043939551931896, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "570242", "hs_description": "Carpets and other textile floor coverings: woven, (not tufted or flocked), of man-made textile materials, of pile construction, made up, n.e.c. in item no. 5702.10 or 5702.20", "buyer_imports_latest_usd": 13035830.58344203, "current_below_peak_pct": 0, "lane_volatility_cv": 1.96575758030544, "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": "BRA", "hs_code": "902000", "hs_description": "Breathing appliances and gas masks: excluding protective masks having neither mechanical parts nor replaceable filters and excluding apparatus of item no. 9019.20", "buyer_imports_latest_usd": 26845724.32980879, "current_below_peak_pct": 0, "lane_volatility_cv": 3.077810053870059, "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": "BRA", "hs_code": "848110", "hs_description": "Valves: pressure reducing, for pipes, boiler shells, tanks, vats or the like", "buyer_imports_latest_usd": 81266908.81785303, "current_below_peak_pct": 0, "lane_volatility_cv": 1.5912033382610413, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "780191", "hs_description": "Lead: unwrought, unrefined, containing by weight antimony as the principal other element", "buyer_imports_latest_usd": 51126228.08299706, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "attention_level": "Watch", "primary_risk_reason": "The lane has limited historical coverage", "risk_driver_labels": [ "limited_history" ] }, { "exporter_iso3": "PAN", "importer_iso3": "BRA", "hs_code": "570500", "hs_description": "Carpets and other textile floor coverings: n.e.c. in chapter 57, whether or not made up", "buyer_imports_latest_usd": 47707554.429473676, "current_below_peak_pct": 39.472445279343255, "lane_volatility_cv": 1.1781351670652913, "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": "BRA", "distance_km": 5076, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 1, "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": 1608981.2208119999, "importer_gdp_per_capita_usd": 7518.834354599067, "importer_population": 213993.439, "importer_biz_entry_days": 16.6, "importer_biz_entry_cost_pct": 4.2, "exporter_gdp_million_usd": 63605.0658, "exporter_gdp_per_capita_usd": 14516.458047240005, "avg_applied_tariff_pct": 28.65600692707071, "avg_mfn_tariff_pct": 28.83659997252525, "avg_preferential_tariff_pct": 10.443376493737373, "tariff_advantage_pp": 18.393223478787878 }, "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-BRA/risk", "html": "https://www.yugalinks.com/trade/corridor/PAN-BRA/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/PAN-BRA/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/PAN-BRA/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-BRA/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" } }