{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.217Z",
  "seo": {
    "title": "Portugal exports to Panama: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Portugal to Panama, 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": "PRT",
    "country_name": "Portugal"
  },
  "importer": {
    "iso3": "PAN",
    "country_name": "Panama"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "PRT",
    "importer_iso3": "PAN",
    "all_history_lane_count": 76,
    "current_lane_count": 58,
    "current_product_count": 58,
    "first_observed_last_year": 1996,
    "latest_data_year": 2024,
    "current_trade_usd": 23503225.468560304,
    "attention_trade_usd": 14155511.364537599,
    "critical_trade_usd": 14155511.364537599,
    "high_volatility_trade_usd": 19202255.72634072,
    "unrecovered_drawdown_trade_usd": 18166671.225263324,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 16743939.925899211,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 1,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 41,
    "unrecovered_drawdown_lane_count": 32,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 25,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 2.4527255168992568,
    "trade_weighted_below_peak_pct": 64.22759956502475,
    "product_concentration_hhi": 3716.8766084313993,
    "top1_product_share_pct": 60.22795204629715,
    "top3_product_share_pct": 69.7559025782064,
    "top_product_hs6": "271019",
    "top_product_trade_usd": 14155511.364537599,
    "top_product_description": "",
    "top_attention_product_hs6": "271019",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 7694.091796875,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.08370000123977661,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 12.196142178989893,
    "avg_mfn_tariff_pct": 12.196142178989893,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 6,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 63605.0658,
    "buyer_gdp_pc_latest": 14516,
    "buyer_population_latest": 4381.583,
    "buyer_gdp_5y_cagr_pct": 4.395634788621838,
    "buyer_gdp_pc_5y_cagr_pct": 3.063341443383494,
    "buyer_population_5y_cagr_pct": 1.2926937226950042,
    "buyer_investment_5y_avg_pct": 37.974000000000004,
    "buyer_savings_5y_avg_pct": 37.7,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 60.22795204629715,
    "critical_trade_share_pct": 60.22795204629715,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Critical attention",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 63605.0658,
    "buyer_gdp_pc_2024": 14516,
    "buyer_population_2024": 4381.583
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 19623477.251376815,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 1914657.047664754,
      "yoy_growth_pct": -90.24302867866896,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 12905721.405113045,
      "yoy_growth_pct": 574.048724331793,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 2748605.6096051955,
      "yoy_growth_pct": -78.70242566590473,
      "cagr_3y_pct": -48.066751710561526
    },
    {
      "year": 1999,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 2296927.6914335717,
      "yoy_growth_pct": -16.43298393167807,
      "cagr_3y_pct": 6.2556689068199
    },
    {
      "year": 2000,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 7140085.348087987,
      "yoy_growth_pct": 210.8537275560327,
      "cagr_3y_pct": -17.906827547130987
    },
    {
      "year": 2001,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 3583248.2290193452,
      "yoy_growth_pct": -49.81505046044179,
      "cagr_3y_pct": 9.241625929270736
    },
    {
      "year": 2002,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 3776853.8486196636,
      "yoy_growth_pct": 5.403075847003325,
      "cagr_3y_pct": 18.030510436877268
    },
    {
      "year": 2003,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 3344070.1984631843,
      "yoy_growth_pct": -11.45884028090337,
      "cagr_3y_pct": -22.341202617257483
    },
    {
      "year": 2004,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 3568479.088410923,
      "yoy_growth_pct": 6.710651291078418,
      "cagr_3y_pct": -0.13757981277396913
    },
    {
      "year": 2005,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 5569544.360864555,
      "yoy_growth_pct": 56.07613840171683,
      "cagr_3y_pct": 13.822947930243657
    },
    {
      "year": 2006,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 7542768.784711829,
      "yoy_growth_pct": 35.42883036739062,
      "cagr_3y_pct": 31.14501985256153
    },
    {
      "year": 2007,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 5918497.176263327,
      "yoy_growth_pct": -21.53415615417884,
      "cagr_3y_pct": 18.370303975082926
    },
    {
      "year": 2008,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 5232759.123653682,
      "yoy_growth_pct": -11.586354308993506,
      "cagr_3y_pct": -2.0576864020565133
    },
    {
      "year": 2009,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 5362513.701953147,
      "yoy_growth_pct": 2.4796589186177886,
      "cagr_3y_pct": -10.749113209425875
    },
    {
      "year": 2010,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 5591483.859031011,
      "yoy_growth_pct": 4.2698288490054415,
      "cagr_3y_pct": -1.8767607021529908
    },
    {
      "year": 2011,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 8351958.057024525,
      "yoy_growth_pct": 49.36925988858878,
      "cagr_3y_pct": 16.86537411505833
    },
    {
      "year": 2012,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 15938339.388441438,
      "yoy_growth_pct": 90.83356596883634,
      "cagr_3y_pct": 43.77770658088773
    },
    {
      "year": 2013,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 14631418.41943569,
      "yoy_growth_pct": -8.199856566949093,
      "cagr_3y_pct": 37.80123765954797
    },
    {
      "year": 2014,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 16766922.815486131,
      "yoy_growth_pct": 14.595334060119125,
      "cagr_3y_pct": 26.150319120790666
    },
    {
      "year": 2015,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 19836912.924462013,
      "yoy_growth_pct": 18.309800449134308,
      "cagr_3y_pct": 7.566492012161197
    },
    {
      "year": 2016,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 23754561.239502635,
      "yoy_growth_pct": 19.749284225619345,
      "cagr_3y_pct": 17.531296701150943
    },
    {
      "year": 2017,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 25470129.265401617,
      "yoy_growth_pct": 7.222057307655416,
      "cagr_3y_pct": 14.954487081546898
    },
    {
      "year": 2018,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 19793096.57719215,
      "yoy_growth_pct": -22.28898263159227,
      "cagr_3y_pct": -0.07368190810413955
    },
    {
      "year": 2019,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 17577115.355014186,
      "yoy_growth_pct": -11.195727831346346,
      "cagr_3y_pct": -9.55174415291623
    },
    {
      "year": 2020,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 11678354.427519914,
      "yoy_growth_pct": -33.559323064984866,
      "cagr_3y_pct": -22.88891141326235
    },
    {
      "year": 2021,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 20436481.47168277,
      "yoy_growth_pct": 74.99453025269061,
      "cagr_3y_pct": 1.0719847541396321
    },
    {
      "year": 2022,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 108431818.7163927,
      "yoy_growth_pct": 430.57968352643366,
      "cagr_3y_pct": 83.40156887005261
    },
    {
      "year": 2023,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 42670396.08577287,
      "yoy_growth_pct": -60.64771707151863,
      "cagr_3y_pct": 54.02161546794573
    },
    {
      "year": 2024,
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "export_value_usd": 35679433.086480565,
      "yoy_growth_pct": -16.38363746434317,
      "cagr_3y_pct": 20.41223193394255
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 5370771533.469835,
      "current_below_peak_pct": 83.37839145613106,
      "lane_volatility_cv": 3.249547260433708,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 786352625.1107919,
      "current_below_peak_pct": 23.190813512311482,
      "lane_volatility_cv": 0.9425052299345595,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "854460",
      "hs_description": "Insulated electric conductors: for a voltage exceeding 1000 volts",
      "buyer_imports_latest_usd": 14203955.746156283,
      "current_below_peak_pct": 69.33018946597214,
      "lane_volatility_cv": 0.4715929846612841,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "300439",
      "hs_description": "Medicaments: containing hormones (but not insulin), adrenal cortex hormones or antibiotics, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 78447593.6973319,
      "current_below_peak_pct": 67.88983819197345,
      "lane_volatility_cv": 2.3169296222477014,
      "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": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "320890",
      "hs_description": "Paints and varnishes: based on polymers n.e.s. in heading no. 3208, dispersed or dissolved in a non-aqueous medium",
      "buyer_imports_latest_usd": 52766574.95909944,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8683786933853404,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "854449",
      "hs_description": "Insulated electric conductors: for a voltage not exceeding 80 volts, not fitted with connectors",
      "buyer_imports_latest_usd": 98419848.63203624,
      "current_below_peak_pct": 79.9772281931632,
      "lane_volatility_cv": 0.8318929602081584,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "300420",
      "hs_description": "Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 51337059.87324545,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0064113481805559,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "220300",
      "hs_description": "Beer: made from malt",
      "buyer_imports_latest_usd": 82531619.94172847,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.251359165915894,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "300410",
      "hs_description": "Medicaments: containing penicillins, streptomycins or their derivatives, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 16359384.243720705,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3467162713987713,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "PRT",
      "importer_iso3": "PAN",
      "hs_code": "610910",
      "hs_description": "T-shirts, singlets and other vests: of cotton, knitted or crocheted",
      "buyer_imports_latest_usd": 72096795.34434885,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3607091649057546,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "PRT",
    "importer_iso3": "PAN",
    "distance_km": 7690,
    "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": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 63605.0658,
    "importer_gdp_per_capita_usd": 14516.458047240005,
    "importer_population": 4381.583,
    "importer_biz_entry_days": 6,
    "importer_biz_entry_cost_pct": 5.8,
    "exporter_gdp_million_usd": 249886.46435499997,
    "exporter_gdp_per_capita_usd": 24262.180935281518,
    "avg_applied_tariff_pct": 12.196142178989893,
    "avg_mfn_tariff_pct": 12.196142178989893,
    "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/PRT-PAN/risk",
    "html": "https://www.yugalinks.com/trade/corridor/PRT-PAN/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/PRT-PAN/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/PRT-PAN/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/PRT-PAN/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"
  }
}