{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/pan/040229",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/040229",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/040229",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "040229",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 31,
    "current_lane_count": 3,
    "active_market_count": 3,
    "exports_latest_observed_lanes_usd": 1046727.7520079464,
    "exports_current_2024_usd": 225248.70865276648,
    "exports_avg_3y_usd": 215538.47428683797,
    "exports_avg_5y_usd": 138105.14913140764,
    "exports_avg_10y_usd": 92440.35078634461,
    "exports_cagr_3y_pct": 613.5451796156393,
    "exports_cagr_5y_pct": 57.86044298043351,
    "exports_cagr_10y_pct": -4.720147247720186,
    "exports_all_year_lane_avg_usd": 1811454.3598056019,
    "exports_historical_lane_peak_usd": 3288831.676792435,
    "historical_peak_year": 2013,
    "positive_growth_year_share_pct": 44.827586206896555,
    "trend_acceleration_pct": 618.2653268633595,
    "trend_label": "Rapid growth",
    "top_market_iso3": "MOZ",
    "top_market_exports_usd": 370787.2160757222,
    "top_market_share_pct": 35.423462821582596,
    "destination_hhi": 2903.070251266926,
    "weighted_share_latest_pct": 36.25837587036547,
    "weighted_share_change_1y_pp": 13.668250817672467,
    "weighted_volatility_cv": 0.38422100717550667,
    "weighted_max_drawdown_pct": 39.275162840311694,
    "limited_history_lane_share_pct": 64.51612903225806,
    "data_freshness_years": 0,
    "coverage_score": 71.5,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 40229,
      "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
      "hs_chapter": 4,
      "hs_heading": 402,
      "substitution_elasticity": -2.5367713,
      "price_range_label": "Unclassified",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
    "hs_chapter": 4,
    "hs_heading": 402,
    "destinations": [
      {
        "hs_code": 40229,
        "corridor_rank": 54,
        "exporter_iso3": "PAN",
        "importer_iso3": "ARE",
        "latest_data_year": 2014,
        "lane_data_years": 2,
        "exports_latest_observed_usd": 359812.00000000006,
        "exports_all_year_avg_usd": 996751.4598229263,
        "exports_avg_3y_usd": 996751.4598229263,
        "exports_avg_5y_usd": 996751.4598229263,
        "exports_avg_10y_usd": 996751.4598229263,
        "exports_cagr_3y_pct": null,
        "exports_cagr_5y_pct": null,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 1633690.9196458526,
        "buyer_imports_latest_observed_usd": 12365878.75175197,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 0,
        "trend_acceleration_pct": null,
        "trend_label": "Insufficient history",
        "buyer_yoy_latest_pct": 4.3828,
        "buyer_yoy_all_avg_pct": 60.4021,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 1.2975950536559473,
        "market_share_change_1y_pp": -2.351949639010412,
        "peer_best_share_pct": 55.18184913449129,
        "peer_top_exporter": "SAU",
        "supplier_count_latest": 25,
        "buyer_market_hhi": 3678.4,
        "distance_km": 13801.2119140625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.052146291145454514,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.6390153267857557,
        "max_drawdown_pct": 77.97551570660629,
        "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','limited_history']",
        "signal_flag": "Declining",
        "confidence_label": "Low",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 40229,
      "num_markets": 7,
      "highest_price_importer_iso3": "GTM",
      "highest_price_usd_per_ton": 15250,
      "lowest_price_importer_iso3": "BLZ",
      "lowest_price_usd_per_ton": 2505.263157894737,
      "median_price_across_markets": 7100.259291270527,
      "price_spread_pct": 179.49678060031394,
      "avg_quantity_metric_tons": 6.323,
      "total_trade_value_usd": 209458
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 92733.75744040751,
        "active_destinations": 6,
        "yoy_growth_pct": 170.78749593224342
      },
      {
        "year": 2011,
        "export_value_usd": 243776.2722446714,
        "active_destinations": 6,
        "yoy_growth_pct": 162.87759600523756
      },
      {
        "year": 2012,
        "export_value_usd": 66065.9420331819,
        "active_destinations": 5,
        "yoy_growth_pct": -72.89894482967834
      },
      {
        "year": 2013,
        "export_value_usd": 2054624.738203616,
        "active_destinations": 5,
        "yoy_growth_pct": 3009.9605560330497
      },
      {
        "year": 2014,
        "export_value_usd": 365301.5683651667,
        "active_destinations": 4,
        "yoy_growth_pct": -82.22052126732619
      },
      {
        "year": 2015,
        "export_value_usd": 110955.23184471669,
        "active_destinations": 3,
        "yoy_growth_pct": -69.62640145749322
      },
      {
        "year": 2016,
        "export_value_usd": 44827.694626012206,
        "active_destinations": 4,
        "yoy_growth_pct": -59.598394883488545
      },
      {
        "year": 2017,
        "export_value_usd": 2157.8120756035305,
        "active_destinations": 13,
        "yoy_growth_pct": -95.18643085796474
      },
      {
        "year": 2018,
        "export_value_usd": 52959.896696090276,
        "active_destinations": 4,
        "yoy_growth_pct": 2354.333131919175
      },
      {
        "year": 2019,
        "export_value_usd": 22977.126963985454,
        "active_destinations": 4,
        "yoy_growth_pct": -56.61410161760809
      },
      {
        "year": 2020,
        "export_value_usd": 43290.31395876658,
        "active_destinations": 4,
        "yoy_growth_pct": 88.40612243045089
      },
      {
        "year": 2021,
        "export_value_usd": 620.0088377576621,
        "active_destinations": 2,
        "yoy_growth_pct": -98.56778853960678
      },
      {
        "year": 2022,
        "export_value_usd": 97915.56262266007,
        "active_destinations": 3,
        "yoy_growth_pct": 15692.607566173361
      },
      {
        "year": 2023,
        "export_value_usd": 323451.1515850873,
        "active_destinations": 3,
        "yoy_growth_pct": 230.33681564143177
      },
      {
        "year": 2024,
        "export_value_usd": 225248.70865276648,
        "active_destinations": 3,
        "yoy_growth_pct": -30.360826496079923
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "PAN",
      "exports_usd": 4776092707.907606,
      "imports_usd": 56181081033.7617,
      "trade_balance_usd": -51404988325.854095,
      "yoy_exports_growth_pct": -26.016171425007517,
      "yoy_imports_growth_pct": 8.830521956779403,
      "exports_cagr_3y_pct": -10.588650551656464,
      "imports_cagr_3y_pct": 10.528496118704723,
      "export_partner_hhi": 571.1465464602909,
      "export_product_hhi": 149.8340831480996,
      "momentum_score": -21.387915163002198,
      "risk_score": 3.604903148041952,
      "gdp_million_usd": 86523.9591317472,
      "gdp_per_capita_usd": 19161.218850159614,
      "population": 4515577,
      "labor_force": 2258.4,
      "investment_rate_pct": 37.8,
      "savings_rate_pct": 37.61,
      "secondary_education_pct": 73.47,
      "tertiary_education_pct": 26.2,
      "total_factor_productivity": 1018.94,
      "trade_openness_pct": 84.47716141037019,
      "exports_gdp_pct": 6.6189216105502755,
      "num_active_partners": 270,
      "num_fta_partners": 44,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 2,
      "num_shared_language_partners": 24,
      "avg_partner_distance_km": 9853.493827160493,
      "avg_partner_gdp_million_usd": 533678518.3258193,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 16.296296296296298,
      "pct_partners_shared_language": 8.88888888888889,
      "pct_partners_shared_border": 0.7407407407407408,
      "avg_applied_tariff_pct": 0.13253318236603243,
      "avg_mfn_tariff_pct": 0.13746985988395188,
      "avg_preferential_tariff_pct": 0.04896482959678125,
      "tariff_advantage_pp": 0.08850503028717063,
      "avg_distance_all_partners_km": 9641.75271977036,
      "num_border_partners": 60,
      "num_colonial_partners": 30,
      "avg_substitution_elasticity": -9.147001229075832,
      "pct_products_high_elasticity": 71.6931216931217,
      "pct_products_low_elasticity": 3.262786596119929,
      "real_market_potential": 87694.64360099618,
      "foreign_market_potential": 9528.286969909099
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "040229",
    "hs_description": "Dairy produce: milk and cream, containing added sugar or other sweetening matter, in powder, granules or other solid forms, of a fat content exceeding 1.5% (by weight)",
    "hs_chapter": 4,
    "hs_heading": 402
  },
  "destinations": [
    {
      "hs_code": 40229,
      "corridor_rank": 54,
      "exporter_iso3": "PAN",
      "importer_iso3": "ARE",
      "latest_data_year": 2014,
      "lane_data_years": 2,
      "exports_latest_observed_usd": 359812.00000000006,
      "exports_all_year_avg_usd": 996751.4598229263,
      "exports_avg_3y_usd": 996751.4598229263,
      "exports_avg_5y_usd": 996751.4598229263,
      "exports_avg_10y_usd": 996751.4598229263,
      "exports_cagr_3y_pct": null,
      "exports_cagr_5y_pct": null,
      "exports_cagr_10y_pct": null,
      "exports_historical_peak_usd": 1633690.9196458526,
      "buyer_imports_latest_observed_usd": 12365878.75175197,
      "historical_peak_year": 2013,
      "positive_growth_year_share_pct": 0,
      "trend_acceleration_pct": null,
      "trend_label": "Insufficient history",
      "buyer_yoy_latest_pct": 4.3828,
      "buyer_yoy_all_avg_pct": 60.4021,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 1.2975950536559473,
      "market_share_change_1y_pp": -2.351949639010412,
      "peer_best_share_pct": 55.18184913449129,
      "peer_top_exporter": "SAU",
      "supplier_count_latest": 25,
      "buyer_market_hhi": 3678.4,
      "distance_km": 13801.2119140625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.052146291145454514,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.6390153267857557,
      "max_drawdown_pct": 77.97551570660629,
      "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','limited_history']",
      "signal_flag": "Declining",
      "confidence_label": "Low",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "PAN",
    "hs_code": 40229,
    "num_markets": 7,
    "highest_price_importer_iso3": "GTM",
    "highest_price_usd_per_ton": 15250,
    "lowest_price_importer_iso3": "BLZ",
    "lowest_price_usd_per_ton": 2505.263157894737,
    "median_price_across_markets": 7100.259291270527,
    "price_spread_pct": 179.49678060031394,
    "avg_quantity_metric_tons": 6.323,
    "total_trade_value_usd": 209458
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 92733.75744040751,
      "active_destinations": 6,
      "yoy_growth_pct": 170.78749593224342
    },
    {
      "year": 2011,
      "export_value_usd": 243776.2722446714,
      "active_destinations": 6,
      "yoy_growth_pct": 162.87759600523756
    },
    {
      "year": 2012,
      "export_value_usd": 66065.9420331819,
      "active_destinations": 5,
      "yoy_growth_pct": -72.89894482967834
    },
    {
      "year": 2013,
      "export_value_usd": 2054624.738203616,
      "active_destinations": 5,
      "yoy_growth_pct": 3009.9605560330497
    },
    {
      "year": 2014,
      "export_value_usd": 365301.5683651667,
      "active_destinations": 4,
      "yoy_growth_pct": -82.22052126732619
    },
    {
      "year": 2015,
      "export_value_usd": 110955.23184471669,
      "active_destinations": 3,
      "yoy_growth_pct": -69.62640145749322
    },
    {
      "year": 2016,
      "export_value_usd": 44827.694626012206,
      "active_destinations": 4,
      "yoy_growth_pct": -59.598394883488545
    },
    {
      "year": 2017,
      "export_value_usd": 2157.8120756035305,
      "active_destinations": 13,
      "yoy_growth_pct": -95.18643085796474
    },
    {
      "year": 2018,
      "export_value_usd": 52959.896696090276,
      "active_destinations": 4,
      "yoy_growth_pct": 2354.333131919175
    },
    {
      "year": 2019,
      "export_value_usd": 22977.126963985454,
      "active_destinations": 4,
      "yoy_growth_pct": -56.61410161760809
    },
    {
      "year": 2020,
      "export_value_usd": 43290.31395876658,
      "active_destinations": 4,
      "yoy_growth_pct": 88.40612243045089
    },
    {
      "year": 2021,
      "export_value_usd": 620.0088377576621,
      "active_destinations": 2,
      "yoy_growth_pct": -98.56778853960678
    },
    {
      "year": 2022,
      "export_value_usd": 97915.56262266007,
      "active_destinations": 3,
      "yoy_growth_pct": 15692.607566173361
    },
    {
      "year": 2023,
      "export_value_usd": 323451.1515850873,
      "active_destinations": 3,
      "yoy_growth_pct": 230.33681564143177
    },
    {
      "year": 2024,
      "export_value_usd": 225248.70865276648,
      "active_destinations": 3,
      "yoy_growth_pct": -30.360826496079923
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "PAN",
    "exports_usd": 4776092707.907606,
    "imports_usd": 56181081033.7617,
    "trade_balance_usd": -51404988325.854095,
    "yoy_exports_growth_pct": -26.016171425007517,
    "yoy_imports_growth_pct": 8.830521956779403,
    "exports_cagr_3y_pct": -10.588650551656464,
    "imports_cagr_3y_pct": 10.528496118704723,
    "export_partner_hhi": 571.1465464602909,
    "export_product_hhi": 149.8340831480996,
    "momentum_score": -21.387915163002198,
    "risk_score": 3.604903148041952,
    "gdp_million_usd": 86523.9591317472,
    "gdp_per_capita_usd": 19161.218850159614,
    "population": 4515577,
    "labor_force": 2258.4,
    "investment_rate_pct": 37.8,
    "savings_rate_pct": 37.61,
    "secondary_education_pct": 73.47,
    "tertiary_education_pct": 26.2,
    "total_factor_productivity": 1018.94,
    "trade_openness_pct": 84.47716141037019,
    "exports_gdp_pct": 6.6189216105502755,
    "num_active_partners": 270,
    "num_fta_partners": 44,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 2,
    "num_shared_language_partners": 24,
    "avg_partner_distance_km": 9853.493827160493,
    "avg_partner_gdp_million_usd": 533678518.3258193,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 16.296296296296298,
    "pct_partners_shared_language": 8.88888888888889,
    "pct_partners_shared_border": 0.7407407407407408,
    "avg_applied_tariff_pct": 0.13253318236603243,
    "avg_mfn_tariff_pct": 0.13746985988395188,
    "avg_preferential_tariff_pct": 0.04896482959678125,
    "tariff_advantage_pp": 0.08850503028717063,
    "avg_distance_all_partners_km": 9641.75271977036,
    "num_border_partners": 60,
    "num_colonial_partners": 30,
    "avg_substitution_elasticity": -9.147001229075832,
    "pct_products_high_elasticity": 71.6931216931217,
    "pct_products_low_elasticity": 3.262786596119929,
    "real_market_potential": 87694.64360099618,
    "foreign_market_potential": 9528.286969909099
  }
}