{
  "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/220840",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/220840",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/220840",
    "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": "220840",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 129,
    "current_lane_count": 89,
    "active_market_count": 89,
    "exports_latest_observed_lanes_usd": 45525919.52164076,
    "exports_current_2024_usd": 43481286.7039387,
    "exports_avg_3y_usd": 45656326.71082308,
    "exports_avg_5y_usd": 42244155.5151823,
    "exports_avg_10y_usd": 38007305.97990298,
    "exports_cagr_3y_pct": 0.8159667679893845,
    "exports_cagr_5y_pct": 4.470435474733758,
    "exports_cagr_10y_pct": 1.7712590276744544,
    "exports_all_year_lane_avg_usd": 28195098.331421245,
    "exports_historical_lane_peak_usd": 98310378.22806317,
    "historical_peak_year": 2023,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -0.9552922596850699,
    "trend_label": "Stable",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 6573685.947987651,
    "top_market_share_pct": 14.439435857770752,
    "destination_hhi": 599.5623377329655,
    "weighted_share_latest_pct": 7.358150649513511,
    "weighted_share_change_1y_pp": 0.2718309599319822,
    "weighted_volatility_cv": 1.0975868801935273,
    "weighted_max_drawdown_pct": 82.45801080404982,
    "limited_history_lane_share_pct": 28.68217054263566,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 220840,
      "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
      "hs_chapter": 22,
      "hs_heading": 2208,
      "substitution_elasticity": -2.754765,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
    "hs_chapter": 22,
    "hs_heading": 2208,
    "destinations": [
      {
        "hs_code": 220840,
        "corridor_rank": 44,
        "exporter_iso3": "PAN",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 6573685.947987651,
        "exports_all_year_avg_usd": 2101567.2524106386,
        "exports_avg_3y_usd": 7885490.385484698,
        "exports_avg_5y_usd": 6017779.570164032,
        "exports_avg_10y_usd": 4255614.792032061,
        "exports_cagr_3y_pct": 14.504344993700414,
        "exports_cagr_5y_pct": 21.392568976071004,
        "exports_cagr_10y_pct": 5.005047424115694,
        "exports_historical_peak_usd": 12488717.895493293,
        "buyer_imports_latest_observed_usd": 161998532.20034721,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": 9.49929756958472,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -5.4567,
        "buyer_yoy_all_avg_pct": 8.9932,
        "buyer_trend_consistency_pct": 75.8621,
        "market_share_latest_pct": 4.057867598366772,
        "market_share_change_1y_pp": -3.2306251204963212,
        "peer_best_share_pct": 14.498172055502431,
        "peer_top_exporter": "DOM",
        "supplier_count_latest": 69,
        "buyer_market_hhi": 778.08,
        "distance_km": 3580.7890625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.012272564239271515,
        "tariff_advantage_pp": 0.042311095194064646,
        "volatility_cv": 1.1779091765215197,
        "max_drawdown_pct": 56.760918390061285,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 220840,
        "corridor_rank": 66,
        "exporter_iso3": "PAN",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 21,
        "exports_latest_observed_usd": 4932177.825536156,
        "exports_all_year_avg_usd": 1189783.6463599706,
        "exports_avg_3y_usd": 2664530.049290712,
        "exports_avg_5y_usd": 1956262.6760870032,
        "exports_avg_10y_usd": 1536064.2717193505,
        "exports_cagr_3y_pct": 75.46769680263084,
        "exports_cagr_5y_pct": 32.78112956797414,
        "exports_cagr_10y_pct": 3.3067124505805845,
        "exports_historical_peak_usd": 4932177.825536156,
        "buyer_imports_latest_observed_usd": 61615251.81241482,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 72.16098435205025,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -13.0097,
        "buyer_yoy_all_avg_pct": 7.3677,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 8.004800240940304,
        "market_share_change_1y_pp": 5.20265482072881,
        "peer_best_share_pct": 13.722199935630872,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 89,
        "buyer_market_hhi": 729.49,
        "distance_km": 8671.1044921875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.014538011574676771,
        "tariff_advantage_pp": 0.0476255467517399,
        "volatility_cv": 1.1121547694074836,
        "max_drawdown_pct": 79.54859820000591,
        "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": 220840,
      "num_markets": 109,
      "highest_price_importer_iso3": "ZAF",
      "highest_price_usd_per_ton": 611000,
      "lowest_price_importer_iso3": "ISR",
      "lowest_price_usd_per_ton": 9.605263157894736,
      "median_price_across_markets": 6529.949901982139,
      "price_spread_pct": 9356.739391696996,
      "avg_quantity_metric_tons": 132.8286733167082,
      "total_trade_value_usd": 192178944
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 18600802.077069346,
        "active_destinations": 43,
        "yoy_growth_pct": 44.40407756728444
      },
      {
        "year": 2011,
        "export_value_usd": 29365903.52238011,
        "active_destinations": 50,
        "yoy_growth_pct": 57.87439380682267
      },
      {
        "year": 2012,
        "export_value_usd": 31719938.526473135,
        "active_destinations": 60,
        "yoy_growth_pct": 8.016218545085753
      },
      {
        "year": 2013,
        "export_value_usd": 36951187.26447132,
        "active_destinations": 68,
        "yoy_growth_pct": 16.491988890937606
      },
      {
        "year": 2014,
        "export_value_usd": 36479671.14074339,
        "active_destinations": 76,
        "yoy_growth_pct": -1.2760513494550059
      },
      {
        "year": 2015,
        "export_value_usd": 32750974.359963566,
        "active_destinations": 77,
        "yoy_growth_pct": -10.221300423444111
      },
      {
        "year": 2016,
        "export_value_usd": 28483638.184019454,
        "active_destinations": 77,
        "yoy_growth_pct": -13.029646474154118
      },
      {
        "year": 2017,
        "export_value_usd": 35492915.439058505,
        "active_destinations": 83,
        "yoy_growth_pct": 24.608082751772763
      },
      {
        "year": 2018,
        "export_value_usd": 37183751.665792845,
        "active_destinations": 86,
        "yoy_growth_pct": 4.763869650656097
      },
      {
        "year": 2019,
        "export_value_usd": 34941002.574283935,
        "active_destinations": 85,
        "yoy_growth_pct": -6.031529878068018
      },
      {
        "year": 2020,
        "export_value_usd": 31817752.701543953,
        "active_destinations": 84,
        "yoy_growth_pct": -8.938638397968145
      },
      {
        "year": 2021,
        "export_value_usd": 42434044.74189831,
        "active_destinations": 73,
        "yoy_growth_pct": 33.36593926018919
      },
      {
        "year": 2022,
        "export_value_usd": 43810883.23805474,
        "active_destinations": 76,
        "yoy_growth_pct": 3.244655334015257
      },
      {
        "year": 2023,
        "export_value_usd": 49676810.190475814,
        "active_destinations": 88,
        "yoy_growth_pct": 13.389200396959474
      },
      {
        "year": 2024,
        "export_value_usd": 43481286.7039387,
        "active_destinations": 89,
        "yoy_growth_pct": -12.47166124954806
      }
    ],
    "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": "220840",
    "hs_description": "Rum and other spirits obtained by distilling fermented sugar-cane products",
    "hs_chapter": 22,
    "hs_heading": 2208
  },
  "destinations": [
    {
      "hs_code": 220840,
      "corridor_rank": 44,
      "exporter_iso3": "PAN",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 6573685.947987651,
      "exports_all_year_avg_usd": 2101567.2524106386,
      "exports_avg_3y_usd": 7885490.385484698,
      "exports_avg_5y_usd": 6017779.570164032,
      "exports_avg_10y_usd": 4255614.792032061,
      "exports_cagr_3y_pct": 14.504344993700414,
      "exports_cagr_5y_pct": 21.392568976071004,
      "exports_cagr_10y_pct": 5.005047424115694,
      "exports_historical_peak_usd": 12488717.895493293,
      "buyer_imports_latest_observed_usd": 161998532.20034721,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": 9.49929756958472,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -5.4567,
      "buyer_yoy_all_avg_pct": 8.9932,
      "buyer_trend_consistency_pct": 75.8621,
      "market_share_latest_pct": 4.057867598366772,
      "market_share_change_1y_pp": -3.2306251204963212,
      "peer_best_share_pct": 14.498172055502431,
      "peer_top_exporter": "DOM",
      "supplier_count_latest": 69,
      "buyer_market_hhi": 778.08,
      "distance_km": 3580.7890625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.012272564239271515,
      "tariff_advantage_pp": 0.042311095194064646,
      "volatility_cv": 1.1779091765215197,
      "max_drawdown_pct": 56.760918390061285,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 220840,
      "corridor_rank": 66,
      "exporter_iso3": "PAN",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 21,
      "exports_latest_observed_usd": 4932177.825536156,
      "exports_all_year_avg_usd": 1189783.6463599706,
      "exports_avg_3y_usd": 2664530.049290712,
      "exports_avg_5y_usd": 1956262.6760870032,
      "exports_avg_10y_usd": 1536064.2717193505,
      "exports_cagr_3y_pct": 75.46769680263084,
      "exports_cagr_5y_pct": 32.78112956797414,
      "exports_cagr_10y_pct": 3.3067124505805845,
      "exports_historical_peak_usd": 4932177.825536156,
      "buyer_imports_latest_observed_usd": 61615251.81241482,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 72.16098435205025,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -13.0097,
      "buyer_yoy_all_avg_pct": 7.3677,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 8.004800240940304,
      "market_share_change_1y_pp": 5.20265482072881,
      "peer_best_share_pct": 13.722199935630872,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 89,
      "buyer_market_hhi": 729.49,
      "distance_km": 8671.1044921875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.014538011574676771,
      "tariff_advantage_pp": 0.0476255467517399,
      "volatility_cv": 1.1121547694074836,
      "max_drawdown_pct": 79.54859820000591,
      "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": 220840,
    "num_markets": 109,
    "highest_price_importer_iso3": "ZAF",
    "highest_price_usd_per_ton": 611000,
    "lowest_price_importer_iso3": "ISR",
    "lowest_price_usd_per_ton": 9.605263157894736,
    "median_price_across_markets": 6529.949901982139,
    "price_spread_pct": 9356.739391696996,
    "avg_quantity_metric_tons": 132.8286733167082,
    "total_trade_value_usd": 192178944
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 18600802.077069346,
      "active_destinations": 43,
      "yoy_growth_pct": 44.40407756728444
    },
    {
      "year": 2011,
      "export_value_usd": 29365903.52238011,
      "active_destinations": 50,
      "yoy_growth_pct": 57.87439380682267
    },
    {
      "year": 2012,
      "export_value_usd": 31719938.526473135,
      "active_destinations": 60,
      "yoy_growth_pct": 8.016218545085753
    },
    {
      "year": 2013,
      "export_value_usd": 36951187.26447132,
      "active_destinations": 68,
      "yoy_growth_pct": 16.491988890937606
    },
    {
      "year": 2014,
      "export_value_usd": 36479671.14074339,
      "active_destinations": 76,
      "yoy_growth_pct": -1.2760513494550059
    },
    {
      "year": 2015,
      "export_value_usd": 32750974.359963566,
      "active_destinations": 77,
      "yoy_growth_pct": -10.221300423444111
    },
    {
      "year": 2016,
      "export_value_usd": 28483638.184019454,
      "active_destinations": 77,
      "yoy_growth_pct": -13.029646474154118
    },
    {
      "year": 2017,
      "export_value_usd": 35492915.439058505,
      "active_destinations": 83,
      "yoy_growth_pct": 24.608082751772763
    },
    {
      "year": 2018,
      "export_value_usd": 37183751.665792845,
      "active_destinations": 86,
      "yoy_growth_pct": 4.763869650656097
    },
    {
      "year": 2019,
      "export_value_usd": 34941002.574283935,
      "active_destinations": 85,
      "yoy_growth_pct": -6.031529878068018
    },
    {
      "year": 2020,
      "export_value_usd": 31817752.701543953,
      "active_destinations": 84,
      "yoy_growth_pct": -8.938638397968145
    },
    {
      "year": 2021,
      "export_value_usd": 42434044.74189831,
      "active_destinations": 73,
      "yoy_growth_pct": 33.36593926018919
    },
    {
      "year": 2022,
      "export_value_usd": 43810883.23805474,
      "active_destinations": 76,
      "yoy_growth_pct": 3.244655334015257
    },
    {
      "year": 2023,
      "export_value_usd": 49676810.190475814,
      "active_destinations": 88,
      "yoy_growth_pct": 13.389200396959474
    },
    {
      "year": 2024,
      "export_value_usd": 43481286.7039387,
      "active_destinations": 89,
      "yoy_growth_pct": -12.47166124954806
    }
  ],
  "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
  }
}