# Panama HS 051191 exports | Yugalinks

Explore reported HS 051191 exports from Panama: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Panama |
| HS6 | 051191 |
| Latest exports | $7.7M |
| Active destinations | 8 |
| Three-year growth | +39.4% |
| Destination HHI | 2,564 |
| Weighted share | 15.4% |

## Destination markets

- Ecuador: $3.2M; share 13.7%; growth +42.9%

## Price intelligence

- Highest reported market price: Chile at $320.0K / ton.
- Lowest reported market price: Spain at $18.3 / ton.
- Median reported price: $10.0K / ton.
- Price spread: 3,199.8%.

## Export history

- 2010: $188.0K
- 2011: $175.1K
- 2012: $85.2K
- 2013: $2.0M
- 2014: $1.5M
- 2015: $530.9K
- 2016: $671.6K
- 2017: $627.0K
- 2018: $798.4K
- 2019: $929.8K
- 2020: $838.3K
- 2021: $1.3M
- 2022: $2.7M
- 2023: $3.1M
- 2024: $3.6M

## Methods

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.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "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/051191",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/051191",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/051191",
    "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": "051191",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 41,
    "current_lane_count": 8,
    "active_market_count": 8,
    "exports_latest_observed_lanes_usd": 7727773.1670107795,
    "exports_current_2024_usd": 3556030.253144787,
    "exports_avg_3y_usd": 3122887.932986519,
    "exports_avg_5y_usd": 2304168.960667627,
    "exports_avg_10y_usd": 1507845.060244092,
    "exports_cagr_3y_pct": 39.3586552557081,
    "exports_cagr_5y_pct": 30.771600290683377,
    "exports_cagr_10y_pct": 9.050943055418248,
    "exports_all_year_lane_avg_usd": 4214501.756760534,
    "exports_historical_lane_peak_usd": 8867780.44469696,
    "historical_peak_year": 2024,
    "positive_growth_year_share_pct": 51.724137931034484,
    "trend_acceleration_pct": 30.307712200289853,
    "trend_label": "Rapid growth",
    "top_market_iso3": "ECU",
    "top_market_exports_usd": 3196914.844000001,
    "top_market_share_pct": 41.3691599754424,
    "destination_hhi": 2564.0386493029987,
    "weighted_share_latest_pct": 15.449621604814112,
    "weighted_share_change_1y_pp": 8.274786176441363,
    "weighted_volatility_cv": 0.8217848711566275,
    "weighted_max_drawdown_pct": 43.386471907907854,
    "limited_history_lane_share_pct": 70.73170731707317,
    "data_freshness_years": 0,
    "coverage_score": 74,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 51191,
      "hs_description": "Animal products: of fish or crustaceans, molluscs or other aquatic invertebrates and dead animals of chapter 3, unfit for human consumption",
      "hs_chapter": 5,
      "hs_heading": 511,
      "substitution_elasticity": -61.350971,
      "price_range_label": "Low price range",
      "trade_type_label": "Two-way vertical trade"
    },
    "hs_description": "Animal products: of fish or crustaceans, molluscs or other aquatic invertebrates and dead animals of chapter 3, unfit for human consumption",
    "hs_chapter": 5,
    "hs_heading": 511,
    "destinations": [
      {
        "hs_code": 51191,
        "corridor_rank": 63,
        "exporter_iso3": "PAN",
        "importer_iso3": "ECU",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 3196914.844000001,
        "exports_all_year_avg_usd": 678134.2580169493,
        "exports_avg_3y_usd": 2801695.053752374,
        "exports_avg_5y_usd": 2056474.0737387543,
        "exports_avg_10y_usd": 1361159.7950539016,
        "exports_cagr_3y_pct": 42.875847425359616,
        "exports_cagr_5y_pct": 29.5360096632014,
        "exports_cagr_10y_pct": 8.119946470768769,
        "exports_historical_peak_usd": 3196914.844000001,
        "buyer_imports_latest_observed_usd": 23269039.11010239,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 62.96296296296296,
        "trend_acceleration_pct": 34.75590095459085,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 9.9426,
        "buyer_yoy_all_avg_pct": 14.5201,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 13.738920755915709,
        "market_share_change_1y_pp": 0.5580876292910482,
        "peer_best_share_pct": 24.125002226797207,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 31,
        "buyer_market_hhi": 1572.74,
        "distance_km": 1028.0916748046875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.11762554185252524,
        "tariff_advantage_pp": -0.02998733940808078,
        "volatility_cv": 1.28830678678534,
        "max_drawdown_pct": 96.66547271631094,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 51191,
      "num_markets": 13,
      "highest_price_importer_iso3": "CHL",
      "highest_price_usd_per_ton": 320000,
      "lowest_price_importer_iso3": "ESP",
      "lowest_price_usd_per_ton": 18.25515947467167,
      "median_price_across_markets": 10000,
      "price_spread_pct": 3199.8174484052533,
      "avg_quantity_metric_tons": 795.2846000000001,
      "total_trade_value_usd": 9316284
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 187962.15959341585,
        "active_destinations": 8,
        "yoy_growth_pct": 20.92812398840801
      },
      {
        "year": 2011,
        "export_value_usd": 175114.8601454671,
        "active_destinations": 7,
        "yoy_growth_pct": -6.835045668627646
      },
      {
        "year": 2012,
        "export_value_usd": 85190.65731942972,
        "active_destinations": 6,
        "yoy_growth_pct": -51.351554489058074
      },
      {
        "year": 2013,
        "export_value_usd": 1992145.4651786606,
        "active_destinations": 7,
        "yoy_growth_pct": 2238.455328157569
      },
      {
        "year": 2014,
        "export_value_usd": 1495103.267714077,
        "active_destinations": 9,
        "yoy_growth_pct": -24.950095570456128
      },
      {
        "year": 2015,
        "export_value_usd": 530878.5078849321,
        "active_destinations": 8,
        "yoy_growth_pct": -64.49218463038922
      },
      {
        "year": 2016,
        "export_value_usd": 671550.418705082,
        "active_destinations": 6,
        "yoy_growth_pct": 26.497947973181198
      },
      {
        "year": 2017,
        "export_value_usd": 626952.9754997696,
        "active_destinations": 6,
        "yoy_growth_pct": -6.64096722496392
      },
      {
        "year": 2018,
        "export_value_usd": 798405.2418092205,
        "active_destinations": 5,
        "yoy_growth_pct": 27.346910056975076
      },
      {
        "year": 2019,
        "export_value_usd": 929818.655203779,
        "active_destinations": 4,
        "yoy_growth_pct": 16.45948780305726
      },
      {
        "year": 2020,
        "export_value_usd": 838277.0907129046,
        "active_destinations": 4,
        "yoy_growth_pct": -9.84509871667526
      },
      {
        "year": 2021,
        "export_value_usd": 1313903.9136656732,
        "active_destinations": 5,
        "yoy_growth_pct": 56.738616410031725
      },
      {
        "year": 2022,
        "export_value_usd": 2732476.861865938,
        "active_destinations": 7,
        "yoy_growth_pct": 107.9662624828154
      },
      {
        "year": 2023,
        "export_value_usd": 3080156.683948831,
        "active_destinations": 8,
        "yoy_growth_pct": 12.723980463844493
      },
      {
        "year": 2024,
        "export_value_usd": 3556030.253144787,
        "active_destinations": 8,
        "yoy_growth_pct": 15.449654612565853
      }
    ],
    "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": "051191",
    "hs_description": "Animal products: of fish or crustaceans, molluscs or other aquatic invertebrates and dead animals of chapter 3, unfit for human consumption",
    "hs_chapter": 5,
    "hs_heading": 511
  },
  "destinations": [
    {
      "hs_code": 51191,
      "corridor_rank": 63,
      "exporter_iso3": "PAN",
      "importer_iso3": "ECU",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 3196914.844000001,
      "exports_all_year_avg_usd": 678134.2580169493,
      "exports_avg_3y_usd": 2801695.053752374,
      "exports_avg_5y_usd": 2056474.0737387543,
      "exports_avg_10y_usd": 1361159.7950539016,
      "exports_cagr_3y_pct": 42.875847425359616,
      "exports_cagr_5y_pct": 29.5360096632014,
      "exports_cagr_10y_pct": 8.119946470768769,
      "exports_historical_peak_usd": 3196914.844000001,
      "buyer_imports_latest_observed_usd": 23269039.11010239,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 62.96296296296296,
      "trend_acceleration_pct": 34.75590095459085,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 9.9426,
      "buyer_yoy_all_avg_pct": 14.5201,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 13.738920755915709,
      "market_share_change_1y_pp": 0.5580876292910482,
      "peer_best_share_pct": 24.125002226797207,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 31,
      "buyer_market_hhi": 1572.74,
      "distance_km": 1028.0916748046875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.11762554185252524,
      "tariff_advantage_pp": -0.02998733940808078,
      "volatility_cv": 1.28830678678534,
      "max_drawdown_pct": 96.66547271631094,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "PAN",
    "hs_code": 51191,
    "num_markets": 13,
    "highest_price_importer_iso3": "CHL",
    "highest_price_usd_per_ton": 320000,
    "lowest_price_importer_iso3": "ESP",
    "lowest_price_usd_per_ton": 18.25515947467167,
    "median_price_across_markets": 10000,
    "price_spread_pct": 3199.8174484052533,
    "avg_quantity_metric_tons": 795.2846000000001,
    "total_trade_value_usd": 9316284
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 187962.15959341585,
      "active_destinations": 8,
      "yoy_growth_pct": 20.92812398840801
    },
    {
      "year": 2011,
      "export_value_usd": 175114.8601454671,
      "active_destinations": 7,
      "yoy_growth_pct": -6.835045668627646
    },
    {
      "year": 2012,
      "export_value_usd": 85190.65731942972,
      "active_destinations": 6,
      "yoy_growth_pct": -51.351554489058074
    },
    {
      "year": 2013,
      "export_value_usd": 1992145.4651786606,
      "active_destinations": 7,
      "yoy_growth_pct": 2238.455328157569
    },
    {
      "year": 2014,
      "export_value_usd": 1495103.267714077,
      "active_destinations": 9,
      "yoy_growth_pct": -24.950095570456128
    },
    {
      "year": 2015,
      "export_value_usd": 530878.5078849321,
      "active_destinations": 8,
      "yoy_growth_pct": -64.49218463038922
    },
    {
      "year": 2016,
      "export_value_usd": 671550.418705082,
      "active_destinations": 6,
      "yoy_growth_pct": 26.497947973181198
    },
    {
      "year": 2017,
      "export_value_usd": 626952.9754997696,
      "active_destinations": 6,
      "yoy_growth_pct": -6.64096722496392
    },
    {
      "year": 2018,
      "export_value_usd": 798405.2418092205,
      "active_destinations": 5,
      "yoy_growth_pct": 27.346910056975076
    },
    {
      "year": 2019,
      "export_value_usd": 929818.655203779,
      "active_destinations": 4,
      "yoy_growth_pct": 16.45948780305726
    },
    {
      "year": 2020,
      "export_value_usd": 838277.0907129046,
      "active_destinations": 4,
      "yoy_growth_pct": -9.84509871667526
    },
    {
      "year": 2021,
      "export_value_usd": 1313903.9136656732,
      "active_destinations": 5,
      "yoy_growth_pct": 56.738616410031725
    },
    {
      "year": 2022,
      "export_value_usd": 2732476.861865938,
      "active_destinations": 7,
      "yoy_growth_pct": 107.9662624828154
    },
    {
      "year": 2023,
      "export_value_usd": 3080156.683948831,
      "active_destinations": 8,
      "yoy_growth_pct": 12.723980463844493
    },
    {
      "year": 2024,
      "export_value_usd": 3556030.253144787,
      "active_destinations": 8,
      "yoy_growth_pct": 15.449654612565853
    }
  ],
  "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
  }
}
```