{
  "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/920290",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/920290",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/920290",
    "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": "920290",
    "exporter_iso3": "PAN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 116,
    "current_lane_count": 14,
    "active_market_count": 14,
    "exports_latest_observed_lanes_usd": 455576.54990580335,
    "exports_current_2024_usd": 293164.56504827604,
    "exports_avg_3y_usd": 349216.7552374592,
    "exports_avg_5y_usd": 379392.3005230594,
    "exports_avg_10y_usd": 438614.0116770354,
    "exports_cagr_3y_pct": -12.703531856716966,
    "exports_cagr_5y_pct": 0.832257109897272,
    "exports_cagr_10y_pct": -5.548047951335056,
    "exports_all_year_lane_avg_usd": 631941.6913796867,
    "exports_historical_lane_peak_usd": 2675029.36179697,
    "historical_peak_year": 2010,
    "positive_growth_year_share_pct": 55.172413793103445,
    "trend_acceleration_pct": -7.15548390538191,
    "trend_label": "Rapid decline",
    "top_market_iso3": "CHL",
    "top_market_exports_usd": 203273.62529824153,
    "top_market_share_pct": 44.61898342666476,
    "destination_hhi": 2314.560571279041,
    "weighted_share_latest_pct": 5.421098678918604,
    "weighted_share_change_1y_pp": 2.253154347261685,
    "weighted_volatility_cv": 1.0702017984775725,
    "weighted_max_drawdown_pct": 75.44046306394918,
    "limited_history_lane_share_pct": 66.37931034482759,
    "data_freshness_years": 0,
    "coverage_score": 77,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 920290,
      "hs_description": "Musical instruments: string, played other than with a bow (e.g. guitars and harps)",
      "hs_chapter": 92,
      "hs_heading": 9202,
      "substitution_elasticity": -6.159667,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Musical instruments: string, played other than with a bow (e.g. guitars and harps)",
    "hs_chapter": 92,
    "hs_heading": 9202,
    "destinations": [],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 920290,
      "num_markets": 34,
      "highest_price_importer_iso3": "GBR",
      "highest_price_usd_per_ton": 1001187.4999999999,
      "lowest_price_importer_iso3": "DMA",
      "lowest_price_usd_per_ton": 529.0322580645161,
      "median_price_across_markets": 53902.17391304348,
      "price_spread_pct": 1856.4343422516245,
      "avg_quantity_metric_tons": 0.3842823529411764,
      "total_trade_value_usd": 1532436
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 806856.4287657002,
        "active_destinations": 27,
        "yoy_growth_pct": 7.0692170699006684
      },
      {
        "year": 2011,
        "export_value_usd": 620300.2060606577,
        "active_destinations": 37,
        "yoy_growth_pct": -23.12136534506262
      },
      {
        "year": 2012,
        "export_value_usd": 545532.9805092844,
        "active_destinations": 25,
        "yoy_growth_pct": -12.053393634381932
      },
      {
        "year": 2013,
        "export_value_usd": 591559.9878270049,
        "active_destinations": 35,
        "yoy_growth_pct": 8.437071444287705
      },
      {
        "year": 2014,
        "export_value_usd": 518802.54293211637,
        "active_destinations": 34,
        "yoy_growth_pct": -12.299250522698571
      },
      {
        "year": 2015,
        "export_value_usd": 390942.83235939953,
        "active_destinations": 26,
        "yoy_growth_pct": -24.645158801668956
      },
      {
        "year": 2016,
        "export_value_usd": 475032.7623720666,
        "active_destinations": 25,
        "yoy_growth_pct": 21.50952084353908
      },
      {
        "year": 2017,
        "export_value_usd": 679484.0814576505,
        "active_destinations": 23,
        "yoy_growth_pct": 43.0394143900013
      },
      {
        "year": 2018,
        "export_value_usd": 662455.0140737996,
        "active_destinations": 25,
        "yoy_growth_pct": -2.5061760604191985
      },
      {
        "year": 2019,
        "export_value_usd": 281263.9238921399,
        "active_destinations": 105,
        "yoy_growth_pct": -57.542185066651754
      },
      {
        "year": 2020,
        "export_value_usd": 408633.14951162896,
        "active_destinations": 22,
        "yoy_growth_pct": 45.28459386363856
      },
      {
        "year": 2021,
        "export_value_usd": 440678.08739129064,
        "active_destinations": 16,
        "yoy_growth_pct": 7.84198196302959
      },
      {
        "year": 2022,
        "export_value_usd": 451766.2181476618,
        "active_destinations": 12,
        "yoy_growth_pct": 2.5161520560303514
      },
      {
        "year": 2023,
        "export_value_usd": 302719.4825164397,
        "active_destinations": 14,
        "yoy_growth_pct": -32.992005520542385
      },
      {
        "year": 2024,
        "export_value_usd": 293164.56504827604,
        "active_destinations": 14,
        "yoy_growth_pct": -3.156360267510947
      }
    ],
    "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": "920290",
    "hs_description": "Musical instruments: string, played other than with a bow (e.g. guitars and harps)",
    "hs_chapter": 92,
    "hs_heading": 9202
  },
  "destinations": [],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "PAN",
    "hs_code": 920290,
    "num_markets": 34,
    "highest_price_importer_iso3": "GBR",
    "highest_price_usd_per_ton": 1001187.4999999999,
    "lowest_price_importer_iso3": "DMA",
    "lowest_price_usd_per_ton": 529.0322580645161,
    "median_price_across_markets": 53902.17391304348,
    "price_spread_pct": 1856.4343422516245,
    "avg_quantity_metric_tons": 0.3842823529411764,
    "total_trade_value_usd": 1532436
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 806856.4287657002,
      "active_destinations": 27,
      "yoy_growth_pct": 7.0692170699006684
    },
    {
      "year": 2011,
      "export_value_usd": 620300.2060606577,
      "active_destinations": 37,
      "yoy_growth_pct": -23.12136534506262
    },
    {
      "year": 2012,
      "export_value_usd": 545532.9805092844,
      "active_destinations": 25,
      "yoy_growth_pct": -12.053393634381932
    },
    {
      "year": 2013,
      "export_value_usd": 591559.9878270049,
      "active_destinations": 35,
      "yoy_growth_pct": 8.437071444287705
    },
    {
      "year": 2014,
      "export_value_usd": 518802.54293211637,
      "active_destinations": 34,
      "yoy_growth_pct": -12.299250522698571
    },
    {
      "year": 2015,
      "export_value_usd": 390942.83235939953,
      "active_destinations": 26,
      "yoy_growth_pct": -24.645158801668956
    },
    {
      "year": 2016,
      "export_value_usd": 475032.7623720666,
      "active_destinations": 25,
      "yoy_growth_pct": 21.50952084353908
    },
    {
      "year": 2017,
      "export_value_usd": 679484.0814576505,
      "active_destinations": 23,
      "yoy_growth_pct": 43.0394143900013
    },
    {
      "year": 2018,
      "export_value_usd": 662455.0140737996,
      "active_destinations": 25,
      "yoy_growth_pct": -2.5061760604191985
    },
    {
      "year": 2019,
      "export_value_usd": 281263.9238921399,
      "active_destinations": 105,
      "yoy_growth_pct": -57.542185066651754
    },
    {
      "year": 2020,
      "export_value_usd": 408633.14951162896,
      "active_destinations": 22,
      "yoy_growth_pct": 45.28459386363856
    },
    {
      "year": 2021,
      "export_value_usd": 440678.08739129064,
      "active_destinations": 16,
      "yoy_growth_pct": 7.84198196302959
    },
    {
      "year": 2022,
      "export_value_usd": 451766.2181476618,
      "active_destinations": 12,
      "yoy_growth_pct": 2.5161520560303514
    },
    {
      "year": 2023,
      "export_value_usd": 302719.4825164397,
      "active_destinations": 14,
      "yoy_growth_pct": -32.992005520542385
    },
    {
      "year": 2024,
      "export_value_usd": 293164.56504827604,
      "active_destinations": 14,
      "yoy_growth_pct": -3.156360267510947
    }
  ],
  "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
  }
}