{
  "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/920190",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/920190",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/920190",
    "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": "920190",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 59,
    "current_lane_count": 9,
    "active_market_count": 9,
    "exports_latest_observed_lanes_usd": 1694182.7674580119,
    "exports_current_2024_usd": 312063.1203195262,
    "exports_avg_3y_usd": 391731.78885620757,
    "exports_avg_5y_usd": 729569.2942288702,
    "exports_avg_10y_usd": 1479830.3499905213,
    "exports_cagr_3y_pct": -22.248725400358694,
    "exports_cagr_5y_pct": -31.69836677034189,
    "exports_cagr_10y_pct": -20.403757738599616,
    "exports_all_year_lane_avg_usd": 2005765.7535350458,
    "exports_historical_lane_peak_usd": 6628288.999759508,
    "historical_peak_year": 2017,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": -1.8449676617590782,
    "trend_label": "Rapid decline",
    "top_market_iso3": "URY",
    "top_market_exports_usd": 388068.7896048163,
    "top_market_share_pct": 22.90595779032052,
    "destination_hhi": 1248.5274773673775,
    "weighted_share_latest_pct": 66.45162431856983,
    "weighted_share_change_1y_pp": 9.173909235803167,
    "weighted_volatility_cv": 1.2177553718677512,
    "weighted_max_drawdown_pct": 85.51157838026539,
    "limited_history_lane_share_pct": 42.3728813559322,
    "data_freshness_years": 0,
    "coverage_score": 84.5,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 920190,
      "hs_description": "Musical instruments: harpsichords and other keyboard stringed instruments n.e.s. in heading no. 9201",
      "hs_chapter": 92,
      "hs_heading": 9201,
      "substitution_elasticity": -4.3214273,
      "price_range_label": "Unclassified",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Musical instruments: harpsichords and other keyboard stringed instruments n.e.s. in heading no. 9201",
    "hs_chapter": 92,
    "hs_heading": 9201,
    "destinations": [
      {
        "hs_code": 920190,
        "corridor_rank": 14,
        "exporter_iso3": "PAN",
        "importer_iso3": "URY",
        "latest_data_year": 2020,
        "lane_data_years": 11,
        "exports_latest_observed_usd": 388068.7896048163,
        "exports_all_year_avg_usd": 49093.92332961824,
        "exports_avg_3y_usd": 171539.72119108724,
        "exports_avg_5y_usd": 132257.53911502988,
        "exports_avg_10y_usd": 89035.32671672187,
        "exports_cagr_3y_pct": 199.7355606590161,
        "exports_cagr_5y_pct": 142.92193161340148,
        "exports_cagr_10y_pct": 137.16949768849807,
        "exports_historical_peak_usd": 388068.7896048163,
        "buyer_imports_latest_observed_usd": 4920.653740811093,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 70,
        "trend_acceleration_pct": 62.56606297051803,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -46.631,
        "buyer_yoy_all_avg_pct": 314.3995,
        "buyer_trend_consistency_pct": 61.5385,
        "market_share_latest_pct": 92.28023499739038,
        "market_share_change_1y_pp": -3.3605176398508263,
        "peer_best_share_pct": 80.21571709553925,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 3,
        "buyer_market_hhi": 6825.89,
        "distance_km": 5465.0556640625,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 2.2591552866375695,
        "max_drawdown_pct": 97.57370255646074,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:31"
      },
      {
        "hs_code": 920190,
        "corridor_rank": 23,
        "exporter_iso3": "PAN",
        "importer_iso3": "CHL",
        "latest_data_year": 2024,
        "lane_data_years": 22,
        "exports_latest_observed_usd": 292345.36,
        "exports_all_year_avg_usd": 260004.10403743738,
        "exports_avg_3y_usd": 377280.2,
        "exports_avg_5y_usd": 426940.61854148674,
        "exports_avg_10y_usd": 396484.9807280255,
        "exports_cagr_3y_pct": -23.17162649064286,
        "exports_cagr_5y_pct": -9.85164619780523,
        "exports_cagr_10y_pct": -5.116778604598149,
        "exports_historical_peak_usd": 650096.88,
        "buyer_imports_latest_observed_usd": 436020.5220336975,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 61.904761904761905,
        "trend_acceleration_pct": -18.054847886044712,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 41.1787,
        "buyer_yoy_all_avg_pct": 66.7883,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 67.04853217376916,
        "market_share_change_1y_pp": 5.723405870088172,
        "peer_best_share_pct": 67.04853217376917,
        "peer_top_exporter": "PAN",
        "supplier_count_latest": 16,
        "buyer_market_hhi": 4913.33,
        "distance_km": 4816.244140625,
        "has_reported_fta": 1,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.8455044100072732,
        "max_drawdown_pct": 96.1696284556813,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:31"
      },
      {
        "hs_code": 920190,
        "corridor_rank": 35,
        "exporter_iso3": "PAN",
        "importer_iso3": "PER",
        "latest_data_year": 2020,
        "lane_data_years": 17,
        "exports_latest_observed_usd": 223531.96023433766,
        "exports_all_year_avg_usd": 148334.5628339208,
        "exports_avg_3y_usd": 358717.13509332505,
        "exports_avg_5y_usd": 410543.830973105,
        "exports_avg_10y_usd": 226647.54765187862,
        "exports_cagr_3y_pct": -36.078643127977,
        "exports_cagr_5y_pct": 32.6209417454471,
        "exports_cagr_10y_pct": 26.319291047873094,
        "exports_historical_peak_usd": 855857.9138986215,
        "buyer_imports_latest_observed_usd": 33975.662597845214,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 56.25,
        "trend_acceleration_pct": -62.3979341758501,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -23.9052,
        "buyer_yoy_all_avg_pct": 35.2388,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 95.59764952702527,
        "market_share_change_1y_pp": 0.09051383297031634,
        "peer_best_share_pct": 48.28815475517042,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 8,
        "buyer_market_hhi": 3193.37,
        "distance_km": 2358.473388671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.4747686202921233,
        "max_drawdown_pct": 87.39433439273917,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Growing",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:31"
      },
      {
        "hs_code": 920190,
        "corridor_rank": 41,
        "exporter_iso3": "PAN",
        "importer_iso3": "USA",
        "latest_data_year": 2020,
        "lane_data_years": 17,
        "exports_latest_observed_usd": 197072.7819392316,
        "exports_all_year_avg_usd": 124003.03165908325,
        "exports_avg_3y_usd": 202995.88067636546,
        "exports_avg_5y_usd": 220896.2752230252,
        "exports_avg_10y_usd": 181721.26134862364,
        "exports_cagr_3y_pct": -8.820341671583542,
        "exports_cagr_5y_pct": -4.24958848543362,
        "exports_cagr_10y_pct": 24.449387043334347,
        "exports_historical_peak_usd": 279820.7011411331,
        "buyer_imports_latest_observed_usd": 2202714.910284865,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 62.5,
        "trend_acceleration_pct": -33.26972871491789,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -50.3836,
        "buyer_yoy_all_avg_pct": 10.1843,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 13.723625956971883,
        "market_share_change_1y_pp": 4.118694052740448,
        "peer_best_share_pct": 39.34488609118657,
        "peer_top_exporter": "PHL",
        "supplier_count_latest": 48,
        "buyer_market_hhi": 2572.61,
        "distance_km": 3580.7890625,
        "has_reported_fta": 1,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.7879020362215076,
        "max_drawdown_pct": 91.72345644306074,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:31"
      },
      {
        "hs_code": 920190,
        "corridor_rank": 83,
        "exporter_iso3": "PAN",
        "importer_iso3": "VEN",
        "latest_data_year": 2020,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 104603,
        "exports_all_year_avg_usd": 188218.1069206073,
        "exports_avg_3y_usd": 37308.71199838157,
        "exports_avg_5y_usd": 51886.9139570232,
        "exports_avg_10y_usd": 256842.12855292103,
        "exports_cagr_3y_pct": 3.290259370459747,
        "exports_cagr_5y_pct": -12.079247770655643,
        "exports_cagr_10y_pct": -12.527504837078718,
        "exports_historical_peak_usd": 772268.0430841525,
        "buyer_imports_latest_observed_usd": 859.073,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 54.166666666666664,
        "trend_acceleration_pct": 15.817764207538465,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -94.913,
        "buyer_yoy_all_avg_pct": 217.3835,
        "buyer_trend_consistency_pct": 44.4444,
        "market_share_latest_pct": 99.89390730917272,
        "market_share_change_1y_pp": 0.3785244056381174,
        "peer_best_share_pct": 91.37756628365692,
        "peer_top_exporter": "CHL",
        "supplier_count_latest": 2,
        "buyer_market_hhi": 8424.21,
        "distance_km": 1390.19482421875,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.167337058114841,
        "max_drawdown_pct": 99.5473194481648,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Growing",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:31"
      },
      {
        "hs_code": 920190,
        "corridor_rank": 88,
        "exporter_iso3": "PAN",
        "importer_iso3": "ARG",
        "latest_data_year": 2018,
        "lane_data_years": 12,
        "exports_latest_observed_usd": 100528.45438172399,
        "exports_all_year_avg_usd": 159589.4726334548,
        "exports_avg_3y_usd": 70726.62361741129,
        "exports_avg_5y_usd": 153459.9809729973,
        "exports_avg_10y_usd": 164379.44558783973,
        "exports_cagr_3y_pct": -18.689573590242258,
        "exports_cagr_5y_pct": -14.862470219822043,
        "exports_cagr_10y_pct": -5.439026525022383,
        "exports_historical_peak_usd": 368116.2952186072,
        "buyer_imports_latest_observed_usd": 0.6139400311589005,
        "historical_peak_year": 2014,
        "positive_growth_year_share_pct": 63.63636363636363,
        "trend_acceleration_pct": -13.250547065219875,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -99.9982,
        "buyer_yoy_all_avg_pct": 76.9787,
        "buyer_trend_consistency_pct": 40.7407,
        "market_share_latest_pct": 85.30149416965746,
        "market_share_change_1y_pp": 48.884551906471486,
        "peer_best_share_pct": 100,
        "peer_top_exporter": "CHL",
        "supplier_count_latest": 1,
        "buyer_market_hhi": 10000,
        "distance_km": 5334.82861328125,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.5923113202211676,
        "max_drawdown_pct": 95.07683719825678,
        "attention_level": "Not monitored",
        "primary_risk_reason": "No detailed risk classification is available",
        "risk_driver_labels": "[]",
        "signal_flag": "Slowing",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:31"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 920190,
      "num_markets": 33,
      "highest_price_importer_iso3": "GTM",
      "highest_price_usd_per_ton": 70031.25,
      "lowest_price_importer_iso3": "CRI",
      "lowest_price_usd_per_ton": 851.8518518518518,
      "median_price_across_markets": 39483.10763646517,
      "price_spread_pct": 175.21264735569233,
      "avg_quantity_metric_tons": 3.494897058823529,
      "total_trade_value_usd": 7683816
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 1810465.5032391946,
        "active_destinations": 27,
        "yoy_growth_pct": 23.48609914516541
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      {
        "year": 2011,
        "export_value_usd": 1825033.9466401523,
        "active_destinations": 32,
        "yoy_growth_pct": 0.8046794249817237
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      {
        "year": 2012,
        "export_value_usd": 2519907.860392665,
        "active_destinations": 26,
        "yoy_growth_pct": 38.07457472403516
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      {
        "year": 2013,
        "export_value_usd": 2820298.2562279347,
        "active_destinations": 29,
        "yoy_growth_pct": 11.92068966317131
      },
      {
        "year": 2014,
        "export_value_usd": 3057150.3298605224,
        "active_destinations": 34,
        "yoy_growth_pct": 8.39812147915768
      },
      {
        "year": 2015,
        "export_value_usd": 1542597.6892817065,
        "active_destinations": 26,
        "yoy_growth_pct": -49.54132041808735
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      {
        "year": 2016,
        "export_value_usd": 1929276.742814275,
        "active_destinations": 34,
        "yoy_growth_pct": 25.06674658073819
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      {
        "year": 2017,
        "export_value_usd": 3334773.0558757787,
        "active_destinations": 33,
        "yoy_growth_pct": 72.85094366561833
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      {
        "year": 2018,
        "export_value_usd": 2244449.128767432,
        "active_destinations": 27,
        "yoy_growth_pct": -32.69559603725434
      },
      {
        "year": 2019,
        "export_value_usd": 2099360.412021668,
        "active_destinations": 31,
        "yoy_growth_pct": -6.4643352743504305
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      {
        "year": 2020,
        "export_value_usd": 1808724.7705695368,
        "active_destinations": 24,
        "yoy_growth_pct": -13.844008860405793
      },
      {
        "year": 2021,
        "export_value_usd": 663926.3340061918,
        "active_destinations": 10,
        "yoy_growth_pct": -63.29312536604823
      },
      {
        "year": 2022,
        "export_value_usd": 659242.5074248848,
        "active_destinations": 4,
        "yoy_growth_pct": -0.7054738366897353
      },
      {
        "year": 2023,
        "export_value_usd": 203889.7388242116,
        "active_destinations": 6,
        "yoy_growth_pct": -69.07211890497774
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      {
        "year": 2024,
        "export_value_usd": 312063.1203195262,
        "active_destinations": 9,
        "yoy_growth_pct": 53.054843328127866
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    ],
    "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": "920190",
    "hs_description": "Musical instruments: harpsichords and other keyboard stringed instruments n.e.s. in heading no. 9201",
    "hs_chapter": 92,
    "hs_heading": 9201
  },
  "destinations": [
    {
      "hs_code": 920190,
      "corridor_rank": 14,
      "exporter_iso3": "PAN",
      "importer_iso3": "URY",
      "latest_data_year": 2020,
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