{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.175Z",
  "seo": {
    "title": "Panama exports to Denmark: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Panama to Denmark, 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": "DNK",
    "country_name": "Denmark"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PAN",
    "importer_iso3": "DNK",
    "all_history_lane_count": 48,
    "current_lane_count": 7,
    "current_product_count": 7,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 198251737.63987702,
    "attention_trade_usd": 74417007.49145585,
    "critical_trade_usd": 54605716.948116414,
    "high_volatility_trade_usd": 19855150.44022629,
    "unrecovered_drawdown_trade_usd": 74633492.81527707,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 177966885.62493494,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 1,
    "high_attention_lane_count": 1,
    "high_volatility_lane_count": 2,
    "unrecovered_drawdown_lane_count": 4,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 2,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.7428200483110008,
    "trade_weighted_below_peak_pct": 24.49752994024696,
    "product_concentration_hhi": 4730.418812106199,
    "top1_product_share_pct": 62.22450816592755,
    "top3_product_share_pct": 99.76113123786946,
    "top_product_hs6": "890120",
    "top_product_trade_usd": 123361168.67681853,
    "top_product_description": "Tankers",
    "top_attention_product_hs6": "890190",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 9325.4990234375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.04650000110268593,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 1.4538011574676772,
    "avg_mfn_tariff_pct": 5.920413126868689,
    "avg_preferential_tariff_pct": 1.1578584516946986,
    "tariff_advantage_pp": 4.762554675173989,
    "buyer_biz_entry_days": 3.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 397104.34347799997,
    "buyer_gdp_pc_latest": 67803,
    "buyer_population_latest": 5856.733,
    "buyer_gdp_5y_cagr_pct": 4.211527138458648,
    "buyer_gdp_pc_5y_cagr_pct": 3.6383607333821955,
    "buyer_population_5y_cagr_pct": 0.5530446458439808,
    "buyer_investment_5y_avg_pct": 22.241999999999997,
    "buyer_savings_5y_avg_pct": 27.722,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 37.536623071941925,
    "critical_trade_share_pct": 27.543625896135822,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Critical attention",
    "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 397104.34347799997,
    "buyer_gdp_pc_2024": 67803,
    "buyer_population_2024": 5856.733
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 783949.1620543075,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 269872.5619063024,
      "yoy_growth_pct": -65.57524709904503,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 176828.64536788754,
      "yoy_growth_pct": -34.4769827214665,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 342452.276502718,
      "yoy_growth_pct": 93.66334893888637,
      "cagr_3y_pct": -24.124065588274757
    },
    {
      "year": 1999,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 2142916.97234499,
      "yoy_growth_pct": 525.7563810728476,
      "cagr_3y_pct": 99.502742838382
    },
    {
      "year": 2000,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 33682575.86396019,
      "yoy_growth_pct": 1471.8096547203793,
      "cagr_3y_pct": 475.3748732476113
    },
    {
      "year": 2001,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 70462796.61075927,
      "yoy_growth_pct": 109.19657954709253,
      "cagr_3y_pct": 490.36409899644315
    },
    {
      "year": 2002,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 918106.3750148523,
      "yoy_growth_pct": -98.697033868686,
      "cagr_3y_pct": -24.61309979574683
    },
    {
      "year": 2003,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 24162983.32984216,
      "yoy_growth_pct": 2531.828292168353,
      "cagr_3y_pct": -10.481028082925548
    },
    {
      "year": 2004,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 30537130.31732509,
      "yoy_growth_pct": 26.379801287246774,
      "cagr_3y_pct": -24.32435774330769
    },
    {
      "year": 2005,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 55199959.268037,
      "yoy_growth_pct": 80.76341389786576,
      "cagr_3y_pct": 291.75563442317315
    },
    {
      "year": 2006,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 1431766.3154907445,
      "yoy_growth_pct": -97.4062185290057,
      "cagr_3y_pct": -61.01413312306933
    },
    {
      "year": 2007,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 3874259.7670164616,
      "yoy_growth_pct": 170.59302381258644,
      "cagr_3y_pct": -49.751839062984324
    },
    {
      "year": 2008,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 84851061.83450721,
      "yoy_growth_pct": 2090.123196097674,
      "cagr_3y_pct": 15.408954857120548
    },
    {
      "year": 2009,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 8796961.236048808,
      "yoy_growth_pct": -89.63246770770374,
      "cagr_3y_pct": 83.15559045448518
    },
    {
      "year": 2010,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 27163570.168488793,
      "yoy_growth_pct": 208.78356104578475,
      "cagr_3y_pct": 91.39593265104328
    },
    {
      "year": 2011,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 2941122.306774261,
      "yoy_growth_pct": -89.17254879041592,
      "cagr_3y_pct": -67.39492017114839
    },
    {
      "year": 2012,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 7894307.770518696,
      "yoy_growth_pct": 168.4114071807149,
      "cagr_3y_pct": -3.5444714391128396
    },
    {
      "year": 2013,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 9077398.36016885,
      "yoy_growth_pct": 14.98662864486242,
      "cagr_3y_pct": -30.605532365554566
    },
    {
      "year": 2014,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 9358617.84004408,
      "yoy_growth_pct": 3.098018492933008,
      "cagr_3y_pct": 47.084263228691036
    },
    {
      "year": 2015,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 7525349.246047913,
      "yoy_growth_pct": -19.589095583665074,
      "cagr_3y_pct": -1.5828309036866939
    },
    {
      "year": 2016,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 169604883.9603272,
      "yoy_growth_pct": 2153.780899928314,
      "cagr_3y_pct": 165.35400882086893
    },
    {
      "year": 2017,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 9404630.156877542,
      "yoy_growth_pct": -94.45497680416007,
      "cagr_3y_pct": 0.1636178735515026
    },
    {
      "year": 2018,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 11421562.477926664,
      "yoy_growth_pct": 21.446163085681302,
      "cagr_3y_pct": 14.921059143616766
    },
    {
      "year": 2019,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 89428829.87432021,
      "yoy_growth_pct": 682.9824513690711,
      "cagr_3y_pct": -19.21208533481603
    },
    {
      "year": 2020,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 61199495.71438188,
      "yoy_growth_pct": -31.56625687668142,
      "cagr_3y_pct": 86.69615513734298
    },
    {
      "year": 2021,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 14620065.908273825,
      "yoy_growth_pct": -76.11080657182913,
      "cagr_3y_pct": 8.577858122518855
    },
    {
      "year": 2022,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 128571642.0098423,
      "yoy_growth_pct": 779.4190314633308,
      "cagr_3y_pct": 12.864115051305557
    },
    {
      "year": 2023,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 214314479.98758483,
      "yoy_growth_pct": 66.68876327423648,
      "cagr_3y_pct": 51.856909480673075
    },
    {
      "year": 2024,
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "export_value_usd": 199343582.71323165,
      "yoy_growth_pct": -6.985480997467109,
      "cagr_3y_pct": 138.90082140507846
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "890120",
      "hs_description": "Tankers",
      "buyer_imports_latest_usd": 381050864.520821,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.583905330951383,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "890190",
      "hs_description": "Vessels: n.e.s. in heading no. 8901, for the transport of goods and other vessels for the transport of both persons and goods",
      "buyer_imports_latest_usd": 1760302430.7259312,
      "current_below_peak_pct": 65.66403486270958,
      "lane_volatility_cv": 0.824608733827407,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "150420",
      "hs_description": "Fats and oils and their fractions: of fish, (excluding liver-oils)",
      "buyer_imports_latest_usd": 172181256.87129033,
      "current_below_peak_pct": 63.32833068013882,
      "lane_volatility_cv": 1.5029750912193895,
      "attention_level": "High attention",
      "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": "DNK",
      "hs_code": "440729",
      "hs_description": "Wood, tropical: (as specified in subheading note 1, chapter 44, customs tariff), n.e.c. in item no. 4407.2, sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, thicker than 6mm",
      "buyer_imports_latest_usd": 14320333.982644223,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8906874868627381,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "220840",
      "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
      "buyer_imports_latest_usd": 17573668.5411374,
      "current_below_peak_pct": 84.99249694678807,
      "lane_volatility_cv": 0.8944399976357142,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "852691",
      "hs_description": "Radio navigational aid apparatus",
      "buyer_imports_latest_usd": 89421754.54844826,
      "current_below_peak_pct": 53.12100777560311,
      "lane_volatility_cv": 0.7717543093937406,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "DNK",
      "hs_code": "846789",
      "hs_description": "Tools: for working in the hand, (other than chain saws), hydraulic or with self-contained non-electric motor, (not pneumatic)",
      "buyer_imports_latest_usd": 21305125.38435083,
      "current_below_peak_pct": 26.03118576538502,
      "lane_volatility_cv": 1.3298655773490335,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PAN",
    "importer_iso3": "DNK",
    "distance_km": 9318,
    "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": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 397104.34347799997,
    "importer_gdp_per_capita_usd": 67803.04710458886,
    "importer_population": 5856.733,
    "importer_biz_entry_days": 3.5,
    "importer_biz_entry_cost_pct": 0.2,
    "exporter_gdp_million_usd": 63605.0658,
    "exporter_gdp_per_capita_usd": 14516.458047240005,
    "avg_applied_tariff_pct": 1.4538011574676772,
    "avg_mfn_tariff_pct": 5.920413126868689,
    "avg_preferential_tariff_pct": 1.1578584516946986,
    "tariff_advantage_pp": 4.762554675173989
  },
  "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-DNK/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PAN-DNK/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PAN-DNK/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PAN-DNK/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-DNK/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"
  }
}