{
  "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/841861",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/841861",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/841861",
    "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": "841861",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 63,
    "current_lane_count": 3,
    "active_market_count": 3,
    "exports_latest_observed_lanes_usd": 257364.26934408245,
    "exports_current_2024_usd": 86086.66377042356,
    "exports_avg_3y_usd": 32481.729874878933,
    "exports_avg_5y_usd": 37292.681921946045,
    "exports_avg_10y_usd": 328093.27795734385,
    "exports_cagr_3y_pct": 88.28431220327428,
    "exports_cagr_5y_pct": -9.24468784849356,
    "exports_cagr_10y_pct": -26.62719608286087,
    "exports_all_year_lane_avg_usd": 1158407.950679166,
    "exports_historical_lane_peak_usd": 4070305.388422454,
    "historical_peak_year": 2014,
    "positive_growth_year_share_pct": 51.724137931034484,
    "trend_acceleration_pct": 114.91150828613516,
    "trend_label": "Rapid growth",
    "top_market_iso3": "PAN",
    "top_market_exports_usd": 73699.13694154233,
    "top_market_share_pct": 28.636118420545188,
    "destination_hhi": 1666.5947620605832,
    "weighted_share_latest_pct": 15.444982498335168,
    "weighted_share_change_1y_pp": 12.711785136303092,
    "weighted_volatility_cv": 1.0900924716806066,
    "weighted_max_drawdown_pct": 66.9229487103431,
    "limited_history_lane_share_pct": 58.73015873015873,
    "data_freshness_years": 0,
    "coverage_score": 71.5,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 841861,
      "hs_description": "Heat pumps: other than air conditioning machines of heading no. 8415",
      "hs_chapter": 84,
      "hs_heading": 8418,
      "substitution_elasticity": -9.5246401,
      "price_range_label": "Medium price range",
      "trade_type_label": "Two-way horizontal trade"
    },
    "hs_description": "Heat pumps: other than air conditioning machines of heading no. 8415",
    "hs_chapter": 84,
    "hs_heading": 8418,
    "destinations": [],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 841861,
      "num_markets": 35,
      "highest_price_importer_iso3": "SLV",
      "highest_price_usd_per_ton": 53000,
      "lowest_price_importer_iso3": "GUY",
      "lowest_price_usd_per_ton": 5728.571428571428,
      "median_price_across_markets": 18251.28205128205,
      "price_spread_pct": 259.00333159394694,
      "avg_quantity_metric_tons": 3.3523571428571426,
      "total_trade_value_usd": 4266353
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 491289.56247706304,
        "active_destinations": 5,
        "yoy_growth_pct": 39.42388693745917
      },
      {
        "year": 2011,
        "export_value_usd": 1031586.8847614746,
        "active_destinations": 17,
        "yoy_growth_pct": 109.97533095558825
      },
      {
        "year": 2012,
        "export_value_usd": 1778801.9185792212,
        "active_destinations": 19,
        "yoy_growth_pct": 72.43355308753456
      },
      {
        "year": 2013,
        "export_value_usd": 1344309.8973508065,
        "active_destinations": 32,
        "yoy_growth_pct": -24.42610482315286
      },
      {
        "year": 2014,
        "export_value_usd": 1903639.5506088638,
        "active_destinations": 22,
        "yoy_growth_pct": 41.60719595684837
      },
      {
        "year": 2015,
        "export_value_usd": 1507567.3196387482,
        "active_destinations": 21,
        "yoy_growth_pct": -20.806051799219823
      },
      {
        "year": 2016,
        "export_value_usd": 475237.2672573598,
        "active_destinations": 23,
        "yoy_growth_pct": -68.47654754341326
      },
      {
        "year": 2017,
        "export_value_usd": 289144.64228950255,
        "active_destinations": 24,
        "yoy_growth_pct": -39.15783499930798
      },
      {
        "year": 2018,
        "export_value_usd": 682698.1108173182,
        "active_destinations": 25,
        "yoy_growth_pct": 136.10954898267664
      },
      {
        "year": 2019,
        "export_value_usd": 139822.0299607788,
        "active_destinations": 35,
        "yoy_growth_pct": -79.51920069130037
      },
      {
        "year": 2020,
        "export_value_usd": 76121.07836679714,
        "active_destinations": 31,
        "yoy_growth_pct": -45.558594458863375
      },
      {
        "year": 2021,
        "export_value_usd": 12897.141618296304,
        "active_destinations": 4,
        "yoy_growth_pct": -83.0570692178714
      },
      {
        "year": 2022,
        "export_value_usd": 6276.278141454698,
        "active_destinations": 4,
        "yoy_growth_pct": -51.335898083409695
      },
      {
        "year": 2023,
        "export_value_usd": 5082.247712758534,
        "active_destinations": 4,
        "yoy_growth_pct": -19.024498305924578
      },
      {
        "year": 2024,
        "export_value_usd": 86086.66377042356,
        "active_destinations": 3,
        "yoy_growth_pct": 1593.869890566542
      }
    ],
    "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": "841861",
    "hs_description": "Heat pumps: other than air conditioning machines of heading no. 8415",
    "hs_chapter": 84,
    "hs_heading": 8418
  },
  "destinations": [],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "PAN",
    "hs_code": 841861,
    "num_markets": 35,
    "highest_price_importer_iso3": "SLV",
    "highest_price_usd_per_ton": 53000,
    "lowest_price_importer_iso3": "GUY",
    "lowest_price_usd_per_ton": 5728.571428571428,
    "median_price_across_markets": 18251.28205128205,
    "price_spread_pct": 259.00333159394694,
    "avg_quantity_metric_tons": 3.3523571428571426,
    "total_trade_value_usd": 4266353
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 491289.56247706304,
      "active_destinations": 5,
      "yoy_growth_pct": 39.42388693745917
    },
    {
      "year": 2011,
      "export_value_usd": 1031586.8847614746,
      "active_destinations": 17,
      "yoy_growth_pct": 109.97533095558825
    },
    {
      "year": 2012,
      "export_value_usd": 1778801.9185792212,
      "active_destinations": 19,
      "yoy_growth_pct": 72.43355308753456
    },
    {
      "year": 2013,
      "export_value_usd": 1344309.8973508065,
      "active_destinations": 32,
      "yoy_growth_pct": -24.42610482315286
    },
    {
      "year": 2014,
      "export_value_usd": 1903639.5506088638,
      "active_destinations": 22,
      "yoy_growth_pct": 41.60719595684837
    },
    {
      "year": 2015,
      "export_value_usd": 1507567.3196387482,
      "active_destinations": 21,
      "yoy_growth_pct": -20.806051799219823
    },
    {
      "year": 2016,
      "export_value_usd": 475237.2672573598,
      "active_destinations": 23,
      "yoy_growth_pct": -68.47654754341326
    },
    {
      "year": 2017,
      "export_value_usd": 289144.64228950255,
      "active_destinations": 24,
      "yoy_growth_pct": -39.15783499930798
    },
    {
      "year": 2018,
      "export_value_usd": 682698.1108173182,
      "active_destinations": 25,
      "yoy_growth_pct": 136.10954898267664
    },
    {
      "year": 2019,
      "export_value_usd": 139822.0299607788,
      "active_destinations": 35,
      "yoy_growth_pct": -79.51920069130037
    },
    {
      "year": 2020,
      "export_value_usd": 76121.07836679714,
      "active_destinations": 31,
      "yoy_growth_pct": -45.558594458863375
    },
    {
      "year": 2021,
      "export_value_usd": 12897.141618296304,
      "active_destinations": 4,
      "yoy_growth_pct": -83.0570692178714
    },
    {
      "year": 2022,
      "export_value_usd": 6276.278141454698,
      "active_destinations": 4,
      "yoy_growth_pct": -51.335898083409695
    },
    {
      "year": 2023,
      "export_value_usd": 5082.247712758534,
      "active_destinations": 4,
      "yoy_growth_pct": -19.024498305924578
    },
    {
      "year": 2024,
      "export_value_usd": 86086.66377042356,
      "active_destinations": 3,
      "yoy_growth_pct": 1593.869890566542
    }
  ],
  "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
  }
}