{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:21.170Z", "seo": { "title": "Panama exports to the Philippines: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Panama to the Philippines, 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": "PHL", "country_name": "Philippines" }, "latestYear": 2024, "risk": { "exporter_iso3": "PAN", "importer_iso3": "PHL", "all_history_lane_count": 46, "current_lane_count": 3, "current_product_count": 3, "first_observed_last_year": 1996, "latest_data_year": 2024, "current_trade_usd": 15441329, "attention_trade_usd": 0, "critical_trade_usd": 0, "high_volatility_trade_usd": 139910.99999999994, "unrecovered_drawdown_trade_usd": 51417.99999999997, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 191328.9999999999, "access_friction_trade_usd": 15441329, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 0, "high_volatility_lane_count": 1, "unrecovered_drawdown_lane_count": 1, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 2, "access_friction_lane_count": 3, "trade_weighted_volatility_cv": 0.9062193023708764, "trade_weighted_below_peak_pct": 33.55307442083193, "product_concentration_hhi": 9754.653000250364, "top1_product_share_pct": 98.76092919204041, "top3_product_share_pct": 100, "top_product_hs6": "890190", "top_product_trade_usd": 15250000, "top_product_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", "top_attention_product_hs6": "", "top_attention_product_reason": "", "distance_km": 16572.3359375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0.027899999171495438, "has_reported_fta": 0, "avg_applied_tariff_pct": 19.392619136161617, "avg_mfn_tariff_pct": 19.392619136161617, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 33, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 394086.419343, "buyer_gdp_pc_latest": 3549, "buyer_population_latest": 111046.913, "buyer_gdp_5y_cagr_pct": 4.14271163092057, "buyer_gdp_pc_5y_cagr_pct": 3.220520105972713, "buyer_population_5y_cagr_pct": 0.893418793085976, "buyer_investment_5y_avg_pct": 21.322000000000003, "buyer_savings_5y_avg_pct": 15.036000000000001, "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", "market_access_friction" ], "attention_level": "Stable", "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction", "buyer_gdp_mn_2024": 394086.419343, "buyer_gdp_pc_2024": 3549, "buyer_population_2024": 111046.913 }, "history": [ { "year": 1995, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1893002.284159836, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 297957.89400422294, "yoy_growth_pct": -84.26003515698532, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 456682.5021256988, "yoy_growth_pct": 53.27081823152713, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 661727.7874162508, "yoy_growth_pct": 44.89887051422756, "cagr_3y_pct": -29.556204981454748 }, { "year": 1999, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 7337517.566731851, "yoy_growth_pct": 1008.8422922938681, "cagr_3y_pct": 190.9364169922447 }, { "year": 2000, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1889241.2613992707, "yoy_growth_pct": -74.25231020958573, "cagr_3y_pct": 60.53054621528593 }, { "year": 2001, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2906720.361548064, "yoy_growth_pct": 53.8564936590044, "cagr_3y_pct": 63.772618787146904 }, { "year": 2002, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2621335.3511739154, "yoy_growth_pct": -9.818110271266612, "cagr_3y_pct": -29.043670224540218 }, { "year": 2003, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 4381733.404145601, "yoy_growth_pct": 67.1565373039098, "cagr_3y_pct": 32.36896591999749 }, { "year": 2004, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1493032.507538069, "yoy_growth_pct": -65.92598476836824, "cagr_3y_pct": -19.91423343252199 }, { "year": 2005, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1930291.3514787348, "yoy_growth_pct": 29.28662582582895, "cagr_3y_pct": -9.697433529723899 }, { "year": 2006, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 43600570.29595983, "yoy_growth_pct": 2158.7559262781147, "cagr_3y_pct": 115.08761626981419 }, { "year": 2007, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 6888519.3448550785, "yoy_growth_pct": -84.20085036022249, "cagr_3y_pct": 66.47621999623358 }, { "year": 2008, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 20758244.080789544, "yoy_growth_pct": 201.34551478458914, "cagr_3y_pct": 120.72723166114815 }, { "year": 2009, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 5481537.977412674, "yoy_growth_pct": -73.5934409669771, "cagr_3y_pct": -49.90395744915861 }, { "year": 2010, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1233241.9706823116, "yoy_growth_pct": -77.5018986320257, "cagr_3y_pct": -43.639590740287204 }, { "year": 2011, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 4797703.414109288, "yoy_growth_pct": 289.0317981518971, "cagr_3y_pct": -38.63120521488438 }, { "year": 2012, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 13740574.993498296, "yoy_growth_pct": 186.39900818148604, "cagr_3y_pct": 35.84202900927789 }, { "year": 2013, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2194308.366153323, "yoy_growth_pct": -84.03044729065839, "cagr_3y_pct": 21.17595583558756 }, { "year": 2014, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2225008.987629294, "yoy_growth_pct": 1.3991024210416647, "cagr_3y_pct": -22.595515232867513 }, { "year": 2015, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2994434.0367707256, "yoy_growth_pct": 34.5807614000355, "cagr_3y_pct": -39.822157321097265 }, { "year": 2016, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 32024717.842826113, "yoy_growth_pct": 969.4748139238488, "cagr_3y_pct": 144.3782503095721 }, { "year": 2017, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 3385781.983303727, "yoy_growth_pct": -89.42759777019494, "cagr_3y_pct": 15.020629470447155 }, { "year": 2018, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1773728.7050245288, "yoy_growth_pct": -47.61243595212865, "cagr_3y_pct": -16.01711015255742 }, { "year": 2019, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 2831154.3282561703, "yoy_growth_pct": 59.61597285065183, "cagr_3y_pct": -55.452218871358674 }, { "year": 2020, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 1370633.6641873894, "yoy_growth_pct": -51.58746202890248, "cagr_3y_pct": -26.024575119383687 }, { "year": 2021, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 405976.95807219564, "yoy_growth_pct": -70.3803453337119, "cagr_3y_pct": -38.830058725271066 }, { "year": 2022, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 68673236.98455164, "yoy_growth_pct": 16815.55040725719, "cagr_3y_pct": 189.47295312183735 }, { "year": 2023, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 4852601.993681996, "yoy_growth_pct": -92.93378001859209, "cagr_3y_pct": 52.41150771785901 }, { "year": 2024, "exporter_iso3": "PAN", "importer_iso3": "PHL", "export_value_usd": 15959784.33408038, "yoy_growth_pct": 228.8912701857631, "cagr_3y_pct": 240.02319544039113 } ], "riskLanes": [ { "exporter_iso3": "PAN", "importer_iso3": "PHL", "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": 174349699.60205644, "current_below_peak_pct": 33.73736840269305, "lane_volatility_cv": 0.9028401752102545, "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": "PHL", "hs_code": "591190", "hs_description": "Textile products and articles for technical uses: n.e.s. in heading no. 5911", "buyer_imports_latest_usd": 24117607.7209588, "current_below_peak_pct": 0, "lane_volatility_cv": 1.3298784627968494, "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", "limited_history" ] }, { "exporter_iso3": "PAN", "importer_iso3": "PHL", "hs_code": "292429", "hs_description": "Cyclic amides (including cyclic carbamates) and their derivatives: other than the derivatives and salts of ureines, 2-acetamidobenzoic acid (N-acetylanthancillic acid), and ethinamate S", "buyer_imports_latest_usd": 12267017.07612035, "current_below_peak_pct": 70.19318045200885, "lane_volatility_cv": 0.7556322006774273, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "PAN", "importer_iso3": "PHL", "distance_km": 16563, "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": 394086.419343, "importer_gdp_per_capita_usd": 3548.828226706311, "importer_population": 111046.913, "importer_biz_entry_days": 33, "importer_biz_entry_cost_pct": 23.3, "exporter_gdp_million_usd": 63605.0658, "exporter_gdp_per_capita_usd": 14516.458047240005, "avg_applied_tariff_pct": 19.392619136161617, "avg_mfn_tariff_pct": 19.392619136161617, "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-PHL/risk", "html": "https://www.yugalinks.com/trade/corridor/PAN-PHL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/PAN-PHL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/PAN-PHL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/PAN-PHL/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" } }