{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:19.211Z",
  "seo": {
    "title": "Panama exports to India: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Panama to India, 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": "IND",
    "country_name": "India"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PAN",
    "importer_iso3": "IND",
    "all_history_lane_count": 100,
    "current_lane_count": 9,
    "current_product_count": 9,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 65897562.18270063,
    "attention_trade_usd": 32898468.335643522,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 33864978.81748908,
    "unrecovered_drawdown_trade_usd": 666935.3836964447,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 324301.6913506393,
    "access_friction_trade_usd": 65897562.18270063,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 5,
    "high_volatility_lane_count": 7,
    "unrecovered_drawdown_lane_count": 1,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 2,
    "access_friction_lane_count": 9,
    "trade_weighted_volatility_cv": 1.4530592888622913,
    "trade_weighted_below_peak_pct": 17.30821436493416,
    "product_concentration_hhi": 3058.641865741727,
    "top1_product_share_pct": 48.57214092877732,
    "top3_product_share_pct": 79.55492505035289,
    "top_product_hs6": "440349",
    "top_product_trade_usd": 32007856.772010017,
    "top_product_description": "Wood, tropical: (as specified in subheading note 1, chapter 44, customs tariff), n.e.s. in item no. 4403.41, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated",
    "top_attention_product_hs6": "720449",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 15161.384765625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 53.23102001373735,
    "avg_mfn_tariff_pct": 53.23102001373735,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 17.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 3173397.590817,
    "buyer_gdp_pc_latest": 2277,
    "buyer_population_latest": 1393409.058,
    "buyer_gdp_5y_cagr_pct": 6.63597808578098,
    "buyer_gdp_pc_5y_cagr_pct": 5.710094876388561,
    "buyer_population_5y_cagr_pct": 0.8758701905197341,
    "buyer_investment_5y_avg_pct": 35.896,
    "buyer_savings_5y_avg_pct": 30.939999999999998,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 49.92365005010762,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 3173397.590817,
    "buyer_gdp_pc_2024": 2277,
    "buyer_population_2024": 1393409.058
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 820692.4910514855,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 416513.33044884825,
      "yoy_growth_pct": -49.24855107237498,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 39185587.43186836,
      "yoy_growth_pct": 9308.00319395317,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 13619386.727766525,
      "yoy_growth_pct": -65.2438878160333,
      "cagr_3y_pct": 155.06979358892008
    },
    {
      "year": 1999,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 100929.31847899256,
      "yoy_growth_pct": -99.25892905094454,
      "cagr_3y_pct": -37.655787278136856
    },
    {
      "year": 2000,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 3763933.1802272177,
      "yoy_growth_pct": 3629.2763261951914,
      "cagr_3y_pct": -54.20284344743158
    },
    {
      "year": 2001,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 7875534.703782048,
      "yoy_growth_pct": 109.23683622105705,
      "cagr_3y_pct": -16.688011729646
    },
    {
      "year": 2002,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 32655343.515954155,
      "yoy_growth_pct": 314.64287498183666,
      "cagr_3y_pct": 586.5080571219881
    },
    {
      "year": 2003,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 8208708.230300786,
      "yoy_growth_pct": -74.86258802854017,
      "cagr_3y_pct": 29.68138440714756
    },
    {
      "year": 2004,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 85201394.91661638,
      "yoy_growth_pct": 937.939131544628,
      "cagr_3y_pct": 121.16796324635209
    },
    {
      "year": 2005,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 143243082.80961007,
      "yoy_growth_pct": 68.12293149636466,
      "cagr_3y_pct": 63.69665339883779
    },
    {
      "year": 2006,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 189735203.1898062,
      "yoy_growth_pct": 32.45679963617552,
      "cagr_3y_pct": 184.85534030313087
    },
    {
      "year": 2007,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 119181371.56842725,
      "yoy_growth_pct": -37.18541969820893,
      "cagr_3y_pct": 11.83744188221234
    },
    {
      "year": 2008,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 197650449.73034334,
      "yoy_growth_pct": 65.84005296235709,
      "cagr_3y_pct": 11.32893364862879
    },
    {
      "year": 2009,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 356924502.7845985,
      "yoy_growth_pct": 80.58370384259408,
      "cagr_3y_pct": 23.445751768965838
    },
    {
      "year": 2010,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 260208249.75535235,
      "yoy_growth_pct": -27.097117814748007,
      "cagr_3y_pct": 29.72914649187073
    },
    {
      "year": 2011,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 199632410.16927516,
      "yoy_growth_pct": -23.279753675385216,
      "cagr_3y_pct": 0.33314239542903135
    },
    {
      "year": 2012,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 98832631.58968827,
      "yoy_growth_pct": -50.492692290853626,
      "cagr_3y_pct": -34.82095412857592
    },
    {
      "year": 2013,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 27199298.597954728,
      "yoy_growth_pct": -72.47943502013096,
      "cagr_3y_pct": -52.893712201150464
    },
    {
      "year": 2014,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 72112873.6464778,
      "yoy_growth_pct": 165.12769579984825,
      "cagr_3y_pct": -28.78132042721474
    },
    {
      "year": 2015,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 61973587.59289167,
      "yoy_growth_pct": -14.060299556626198,
      "cagr_3y_pct": -14.407556241530362
    },
    {
      "year": 2016,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 44853873.89301391,
      "yoy_growth_pct": -27.62420954607021,
      "cagr_3y_pct": 18.14465659555715
    },
    {
      "year": 2017,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 121420242.97713377,
      "yoy_growth_pct": 170.701797723753,
      "cagr_3y_pct": 18.966887243045583
    },
    {
      "year": 2018,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 38707141.29109513,
      "yoy_growth_pct": -68.12134423220964,
      "cagr_3y_pct": -14.520595753715648
    },
    {
      "year": 2019,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 64765390.199967146,
      "yoy_growth_pct": 67.32155369703551,
      "cagr_3y_pct": 13.026690039443455
    },
    {
      "year": 2020,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 31262738.853512727,
      "yoy_growth_pct": -51.729251137085576,
      "cagr_3y_pct": -36.38220069220123
    },
    {
      "year": 2021,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 189235523.47478303,
      "yoy_growth_pct": 505.3069257990499,
      "cagr_3y_pct": 69.72162816950262
    },
    {
      "year": 2022,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 263123721.3591409,
      "yoy_growth_pct": 39.04562765362816,
      "cagr_3y_pct": 59.565502947629945
    },
    {
      "year": 2023,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 243399162.10597584,
      "yoy_growth_pct": -7.496305977765783,
      "cagr_3y_pct": 98.19712572023282
    },
    {
      "year": 2024,
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "export_value_usd": 69153036.47703084,
      "yoy_growth_pct": -71.5886300188159,
      "cagr_3y_pct": -28.506010936744065
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "440349",
      "hs_description": "Wood, tropical: (as specified in subheading note 1, chapter 44, customs tariff), n.e.s. in item no. 4403.41, in the rough, whether or not stripped of bark or sapwood, or roughly squared, untreated",
      "buyer_imports_latest_usd": 295355827.31960046,
      "current_below_peak_pct": 25.11692263533018,
      "lane_volatility_cv": 0.8677883187157702,
      "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": "IND",
      "hs_code": "720449",
      "hs_description": "Ferrous waste and scrap: n.e.s. in heading no. 7204",
      "buyer_imports_latest_usd": 2668666223.9805694,
      "current_below_peak_pct": 19.495030861665736,
      "lane_volatility_cv": 1.70848006406955,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "780200",
      "hs_description": "Lead: waste and scrap",
      "buyer_imports_latest_usd": 249855401.16372344,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.835143080378098,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "740400",
      "hs_description": "Copper: waste and scrap",
      "buyer_imports_latest_usd": 1843923668.8744233,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.0371796635247548,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "760200",
      "hs_description": "Aluminium: waste and scrap",
      "buyer_imports_latest_usd": 3388461868.8749886,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.4896678748228207,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "854810",
      "hs_description": "Waste and scrap of primary cells, primary batteries and electric accumulators: spent primary cells, spent primary batteries and spent electric accumulators",
      "buyer_imports_latest_usd": 328233668.1767077,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.6347606514368014,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "IND",
      "hs_code": "720429",
      "hs_description": "Ferrous waste and scrap: of alloy steel (excluding stainless)",
      "buyer_imports_latest_usd": 180028754.4635129,
      "current_below_peak_pct": 71.51838812601032,
      "lane_volatility_cv": 1.4442882548749507,
      "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": "IND",
      "hs_code": "640411",
      "hs_description": "Sports footwear: tennis shoes, basketball shoes, gym shoes, training shoes and the like, with outer soles of rubber or plastics and uppers of textile materials",
      "buyer_imports_latest_usd": 74760508.69838348,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6743960264009203,
      "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": "IND",
      "hs_code": "960622",
      "hs_description": "Buttons: of base metal, not covered with textile material",
      "buyer_imports_latest_usd": 24021448.241121925,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8861941378932128,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PAN",
    "importer_iso3": "IND",
    "distance_km": 15152,
    "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": 3173397.5908170003,
    "importer_gdp_per_capita_usd": 2277.434305882774,
    "importer_population": 1393409.058,
    "importer_biz_entry_days": 17.5,
    "importer_biz_entry_cost_pct": 7.2,
    "exporter_gdp_million_usd": 63605.0658,
    "exporter_gdp_per_capita_usd": 14516.458047240005,
    "avg_applied_tariff_pct": 53.23102001373735,
    "avg_mfn_tariff_pct": 53.23102001373735,
    "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-IND/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PAN-IND/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PAN-IND/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PAN-IND/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-IND/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"
  }
}