{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:23.085Z",
  "seo": {
    "title": "Panama exports to New Zealand: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Panama to New Zealand, 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": "NZL",
    "country_name": "New Zealand"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PAN",
    "importer_iso3": "NZL",
    "all_history_lane_count": 23,
    "current_lane_count": 3,
    "current_product_count": 3,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 437478.3686492777,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 437478.3686492777,
    "unrecovered_drawdown_trade_usd": 29868.010376436992,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 0,
    "access_friction_trade_usd": 437478.3686492777,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 3,
    "unrecovered_drawdown_lane_count": 1,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 0,
    "access_friction_lane_count": 3,
    "trade_weighted_volatility_cv": 1.7327605005125697,
    "trade_weighted_below_peak_pct": 40.15852849921355,
    "product_concentration_hhi": 5047.179938382163,
    "top1_product_share_pct": 64.75214741168219,
    "top3_product_share_pct": 100,
    "top_product_hs6": "220840",
    "top_product_trade_usd": 283276.6381620027,
    "top_product_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 11961.166015625,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.00930000003427267,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 6.037182757292929,
    "avg_mfn_tariff_pct": 6.286112317111112,
    "avg_preferential_tariff_pct": 4.3980561646262615,
    "tariff_advantage_pp": 1.8880561524848503,
    "buyer_biz_entry_days": 0.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 249991.512237,
    "buyer_gdp_pc_latest": 48802,
    "buyer_population_latest": 5122.6,
    "buyer_gdp_5y_cagr_pct": 4.081545685717014,
    "buyer_gdp_pc_5y_cagr_pct": 2.801671873563638,
    "buyer_population_5y_cagr_pct": 1.2449931881725718,
    "buyer_investment_5y_avg_pct": 23.52,
    "buyer_savings_5y_avg_pct": 23.785999999999998,
    "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",
      "market_access_friction"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 249991.512237,
    "buyer_gdp_pc_2024": 48802,
    "buyer_population_2024": 5122.6
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 316344.7682211062,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 13922.902044398705,
      "yoy_growth_pct": -95.59882019775733,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 412483.88352248125,
      "yoy_growth_pct": 2862.628640258421,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 534347.8649062515,
      "yoy_growth_pct": 29.54393765474923,
      "cagr_3y_pct": 19.09343104789787
    },
    {
      "year": 1999,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 860878.1515670097,
      "yoy_growth_pct": 61.10818590396092,
      "cagr_3y_pct": 295.43093297267046
    },
    {
      "year": 2000,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 13483991.654359192,
      "yoy_growth_pct": 1466.3066404711299,
      "cagr_3y_pct": 219.74505022827566
    },
    {
      "year": 2001,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 312207.3608868101,
      "yoy_growth_pct": -97.68460728180682,
      "cagr_3y_pct": -16.399985406533535
    },
    {
      "year": 2002,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 69589.7040111307,
      "yoy_growth_pct": -77.71042174871712,
      "cagr_3y_pct": -56.76178389529895
    },
    {
      "year": 2003,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 32434.97683959165,
      "yoy_growth_pct": -53.39112689083466,
      "cagr_3y_pct": -86.60122670367316
    },
    {
      "year": 2004,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 637513.0863429699,
      "yoy_growth_pct": 1865.5111501876938,
      "cagr_3y_pct": 26.866995612298417
    },
    {
      "year": 2005,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 92440.56458744098,
      "yoy_growth_pct": -85.49981693431315,
      "cagr_3y_pct": 9.92737734575817
    },
    {
      "year": 2006,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 125586.18479195228,
      "yoy_growth_pct": 35.85614210865009,
      "cagr_3y_pct": 57.02763566706095
    },
    {
      "year": 2007,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 153739.44274741822,
      "yoy_growth_pct": 22.417480077211515,
      "cagr_3y_pct": -37.755822451944276
    },
    {
      "year": 2008,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 185859.81899706466,
      "yoy_growth_pct": 20.892736226719457,
      "cagr_3y_pct": 26.21403181832338
    },
    {
      "year": 2009,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 84018.5570413491,
      "yoy_growth_pct": -54.79466326033815,
      "cagr_3y_pct": -12.539668895524446
    },
    {
      "year": 2010,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 129556.2148431594,
      "yoy_growth_pct": 54.19952377829971,
      "cagr_3y_pct": -5.545138368025649
    },
    {
      "year": 2011,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 248004.9075026247,
      "yoy_growth_pct": 91.42648448232234,
      "cagr_3y_pct": 10.092632090410557
    },
    {
      "year": 2012,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 130223.53753974524,
      "yoy_growth_pct": -47.49154811044735,
      "cagr_3y_pct": 15.727904692275008
    },
    {
      "year": 2013,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 301232.4603754984,
      "yoy_growth_pct": 131.31951878020507,
      "cagr_3y_pct": 32.47924345044495
    },
    {
      "year": 2014,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 2118114.709475966,
      "yoy_growth_pct": 603.1495566034454,
      "cagr_3y_pct": 104.40729943974372
    },
    {
      "year": 2015,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 532139.2199792358,
      "yoy_growth_pct": -74.87675159430387,
      "cagr_3y_pct": 59.874276927137785
    },
    {
      "year": 2016,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 769748.9677754868,
      "yoy_growth_pct": 44.65180142247787,
      "cagr_3y_pct": 36.7148788868868
    },
    {
      "year": 2017,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 1451083.0597474384,
      "yoy_growth_pct": 88.51380391466492,
      "cagr_3y_pct": -11.84486829378919
    },
    {
      "year": 2018,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 1933352.8367991021,
      "yoy_growth_pct": 33.23516002837239,
      "cagr_3y_pct": 53.73117635717901
    },
    {
      "year": 2019,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 474547.47605387913,
      "yoy_growth_pct": -75.45468850685582,
      "cagr_3y_pct": -14.890732861080934
    },
    {
      "year": 2020,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 455435.20276086323,
      "yoy_growth_pct": -4.027473384105818,
      "cagr_3y_pct": -32.041345037613254
    },
    {
      "year": 2021,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 648630.5844245666,
      "yoy_growth_pct": 42.41994920299235,
      "cagr_3y_pct": -30.514300430310826
    },
    {
      "year": 2022,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 945465.2754934272,
      "yoy_growth_pct": 45.76328933551566,
      "cagr_3y_pct": 25.83128693483672
    },
    {
      "year": 2023,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 1194759.9866149127,
      "yoy_growth_pct": 26.36741058431591,
      "cagr_3y_pct": 37.91707070223174
    },
    {
      "year": 2024,
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "export_value_usd": 635886.6148718747,
      "yoy_growth_pct": -46.77704124712795,
      "cagr_3y_pct": -0.6592532721886535
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "hs_code": "220840",
      "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
      "buyer_imports_latest_usd": 10185266.649528166,
      "current_below_peak_pct": 33.7439991219577,
      "lane_volatility_cv": 1.8844102495719475,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "hs_code": "090111",
      "hs_description": "Coffee: not roasted or decaffeinated",
      "buyer_imports_latest_usd": 66574915.025295466,
      "current_below_peak_pct": 49.728884151853116,
      "lane_volatility_cv": 1.4188000669578744,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "PAN",
      "importer_iso3": "NZL",
      "hs_code": "220870",
      "hs_description": "Liqueurs and cordials",
      "buyer_imports_latest_usd": 15517279.809247525,
      "current_below_peak_pct": 61.15652563392576,
      "lane_volatility_cv": 1.6014172215079578,
      "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"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PAN",
    "importer_iso3": "NZL",
    "distance_km": 12005,
    "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": 249991.512237,
    "importer_gdp_per_capita_usd": 48801.685128059966,
    "importer_population": 5122.6,
    "importer_biz_entry_days": 0.5,
    "importer_biz_entry_cost_pct": 0.2,
    "exporter_gdp_million_usd": 63605.0658,
    "exporter_gdp_per_capita_usd": 14516.458047240005,
    "avg_applied_tariff_pct": 6.037182757292929,
    "avg_mfn_tariff_pct": 6.286112317111112,
    "avg_preferential_tariff_pct": 4.3980561646262615,
    "tariff_advantage_pp": 1.8880561524848503
  },
  "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-NZL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PAN-NZL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PAN-NZL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PAN-NZL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-NZL/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"
  }
}