{
  "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/920992",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/920992",
    "exporter": "https://www.yugalinks.com/trade/exporter/pan/920992",
    "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": "920992",
    "exporter_iso3": "PAN",
    "first_data_year": 1996,
    "latest_data_year": 2024,
    "observed_lane_count": 58,
    "current_lane_count": 5,
    "active_market_count": 5,
    "exports_latest_observed_lanes_usd": 191450.0734044538,
    "exports_current_2024_usd": 60276.26220304984,
    "exports_avg_3y_usd": 21038.42807552686,
    "exports_avg_5y_usd": 15077.797037883423,
    "exports_avg_10y_usd": 30753.35749752022,
    "exports_cagr_3y_pct": 189.66017063403467,
    "exports_cagr_5y_pct": 21.224258673116523,
    "exports_cagr_10y_pct": -2.0930342300154448,
    "exports_all_year_lane_avg_usd": 171415.29526115966,
    "exports_historical_lane_peak_usd": 475794.5489667821,
    "historical_peak_year": 2010,
    "positive_growth_year_share_pct": 46.42857142857143,
    "trend_acceleration_pct": 191.7532048640501,
    "trend_label": "Rapid growth",
    "top_market_iso3": "PAN",
    "top_market_exports_usd": 52236.02227020071,
    "top_market_share_pct": 27.28440963292183,
    "destination_hhi": 1734.0226115481594,
    "weighted_share_latest_pct": 19.80657657568953,
    "weighted_share_change_1y_pp": 10.325885504368209,
    "weighted_volatility_cv": 0.7028185137165505,
    "weighted_max_drawdown_pct": 46.68956874764131,
    "limited_history_lane_share_pct": 55.172413793103445,
    "data_freshness_years": 0,
    "coverage_score": 72.5,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:29:41",
    "source": "api",
    "product": {
      "hs_code": 920992,
      "hs_description": "Musical instruments: parts and accessories for string musical instruments other than keyboard instruments",
      "hs_chapter": 92,
      "hs_heading": 9209,
      "substitution_elasticity": -5.6793571,
      "price_range_label": "Low price range",
      "trade_type_label": "Two-way vertical trade"
    },
    "hs_description": "Musical instruments: parts and accessories for string musical instruments other than keyboard instruments",
    "hs_chapter": 92,
    "hs_heading": 9209,
    "destinations": [
      {
        "hs_code": 920992,
        "corridor_rank": 83,
        "exporter_iso3": "PAN",
        "importer_iso3": "JPN",
        "latest_data_year": 2008,
        "lane_data_years": 3,
        "exports_latest_observed_usd": 39995.525235244444,
        "exports_all_year_avg_usd": 25481.47615147872,
        "exports_avg_3y_usd": 39995.525235244444,
        "exports_avg_5y_usd": 39995.525235244444,
        "exports_avg_10y_usd": 25481.47615147872,
        "exports_cagr_3y_pct": 6.20179196944588,
        "exports_cagr_5y_pct": 3.676208606987519,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 39995.525235244444,
        "buyer_imports_latest_observed_usd": 14203313.142038438,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 100,
        "trend_acceleration_pct": null,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 81.1471,
        "buyer_yoy_all_avg_pct": 2.1874,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 0.2693350991558982,
        "market_share_change_1y_pp": 0.007535766190426063,
        "peer_best_share_pct": 28.511602707642343,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 42,
        "buyer_market_hhi": 1647.9,
        "distance_km": 13584.8603515625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.019783297279095353,
        "tariff_advantage_pp": 0.02351164237190102,
        "volatility_cv": 0.6311574300972124,
        "max_drawdown_pct": 0,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer macroeconomic trend has weakened",
        "risk_driver_labels": "['long_distance_without_fta','buyer_macro_weakness','limited_history']",
        "signal_flag": "Accelerating",
        "confidence_label": "Low",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "PAN",
      "hs_code": 920992,
      "num_markets": 9,
      "highest_price_importer_iso3": "CUB",
      "highest_price_usd_per_ton": 303000,
      "lowest_price_importer_iso3": "JAM",
      "lowest_price_usd_per_ton": 1847.8260869565217,
      "median_price_across_markets": 10163.636363636364,
      "price_spread_pct": 2963.0357003966706,
      "avg_quantity_metric_tons": 0.07673333333333335,
      "total_trade_value_usd": 10651
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 234084.72013524285,
        "active_destinations": 27,
        "yoy_growth_pct": 434.7672886632474
      },
      {
        "year": 2011,
        "export_value_usd": 88226.81137773348,
        "active_destinations": 26,
        "yoy_growth_pct": -62.309880231926165
      },
      {
        "year": 2012,
        "export_value_usd": 111787.48826801157,
        "active_destinations": 20,
        "yoy_growth_pct": 26.70466780149814
      },
      {
        "year": 2013,
        "export_value_usd": 66441.93993112702,
        "active_destinations": 26,
        "yoy_growth_pct": -40.56406404638788
      },
      {
        "year": 2014,
        "export_value_usd": 74474.98040715764,
        "active_destinations": 26,
        "yoy_growth_pct": 12.09031597264856
      },
      {
        "year": 2015,
        "export_value_usd": 71382.64904691391,
        "active_destinations": 24,
        "yoy_growth_pct": -4.152174788550235
      },
      {
        "year": 2016,
        "export_value_usd": 43702.880676802655,
        "active_destinations": 19,
        "yoy_growth_pct": -38.77660571537438
      },
      {
        "year": 2017,
        "export_value_usd": 56487.015773231644,
        "active_destinations": 17,
        "yoy_growth_pct": 29.252385422764053
      },
      {
        "year": 2018,
        "export_value_usd": 37547.097844745374,
        "active_destinations": 19,
        "yoy_growth_pct": -33.529684068496344
      },
      {
        "year": 2019,
        "export_value_usd": 23024.946444091434,
        "active_destinations": 22,
        "yoy_growth_pct": -38.67716077738423
      },
      {
        "year": 2020,
        "export_value_usd": 9793.539432683277,
        "active_destinations": 17,
        "yoy_growth_pct": -57.465527850569856
      },
      {
        "year": 2021,
        "export_value_usd": 2480.161530153259,
        "active_destinations": 6,
        "yoy_growth_pct": -74.67553434383086
      },
      {
        "year": 2022,
        "export_value_usd": 1688.04566401805,
        "active_destinations": 4,
        "yoy_growth_pct": -31.938075665832173
      },
      {
        "year": 2023,
        "export_value_usd": 1150.97635951269,
        "active_destinations": 3,
        "yoy_growth_pct": -31.816041233563297
      },
      {
        "year": 2024,
        "export_value_usd": 60276.26220304984,
        "active_destinations": 5,
        "yoy_growth_pct": 5136.967875566976
      }
    ],
    "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": "920992",
    "hs_description": "Musical instruments: parts and accessories for string musical instruments other than keyboard instruments",
    "hs_chapter": 92,
    "hs_heading": 9209
  },
  "destinations": [
    {
      "hs_code": 920992,
      "corridor_rank": 83,
      "exporter_iso3": "PAN",
      "importer_iso3": "JPN",
      "latest_data_year": 2008,
      "lane_data_years": 3,
      "exports_latest_observed_usd": 39995.525235244444,
      "exports_all_year_avg_usd": 25481.47615147872,
      "exports_avg_3y_usd": 39995.525235244444,
      "exports_avg_5y_usd": 39995.525235244444,
      "exports_avg_10y_usd": 25481.47615147872,
      "exports_cagr_3y_pct": 6.20179196944588,
      "exports_cagr_5y_pct": 3.676208606987519,
      "exports_cagr_10y_pct": null,
      "exports_historical_peak_usd": 39995.525235244444,
      "buyer_imports_latest_observed_usd": 14203313.142038438,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 100,
      "trend_acceleration_pct": null,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 81.1471,
      "buyer_yoy_all_avg_pct": 2.1874,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 0.2693350991558982,
      "market_share_change_1y_pp": 0.007535766190426063,
      "peer_best_share_pct": 28.511602707642343,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 42,
      "buyer_market_hhi": 1647.9,
      "distance_km": 13584.8603515625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.019783297279095353,
      "tariff_advantage_pp": 0.02351164237190102,
      "volatility_cv": 0.6311574300972124,
      "max_drawdown_pct": 0,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer macroeconomic trend has weakened",
      "risk_driver_labels": "['long_distance_without_fta','buyer_macro_weakness','limited_history']",
      "signal_flag": "Accelerating",
      "confidence_label": "Low",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "PAN",
    "hs_code": 920992,
    "num_markets": 9,
    "highest_price_importer_iso3": "CUB",
    "highest_price_usd_per_ton": 303000,
    "lowest_price_importer_iso3": "JAM",
    "lowest_price_usd_per_ton": 1847.8260869565217,
    "median_price_across_markets": 10163.636363636364,
    "price_spread_pct": 2963.0357003966706,
    "avg_quantity_metric_tons": 0.07673333333333335,
    "total_trade_value_usd": 10651
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 234084.72013524285,
      "active_destinations": 27,
      "yoy_growth_pct": 434.7672886632474
    },
    {
      "year": 2011,
      "export_value_usd": 88226.81137773348,
      "active_destinations": 26,
      "yoy_growth_pct": -62.309880231926165
    },
    {
      "year": 2012,
      "export_value_usd": 111787.48826801157,
      "active_destinations": 20,
      "yoy_growth_pct": 26.70466780149814
    },
    {
      "year": 2013,
      "export_value_usd": 66441.93993112702,
      "active_destinations": 26,
      "yoy_growth_pct": -40.56406404638788
    },
    {
      "year": 2014,
      "export_value_usd": 74474.98040715764,
      "active_destinations": 26,
      "yoy_growth_pct": 12.09031597264856
    },
    {
      "year": 2015,
      "export_value_usd": 71382.64904691391,
      "active_destinations": 24,
      "yoy_growth_pct": -4.152174788550235
    },
    {
      "year": 2016,
      "export_value_usd": 43702.880676802655,
      "active_destinations": 19,
      "yoy_growth_pct": -38.77660571537438
    },
    {
      "year": 2017,
      "export_value_usd": 56487.015773231644,
      "active_destinations": 17,
      "yoy_growth_pct": 29.252385422764053
    },
    {
      "year": 2018,
      "export_value_usd": 37547.097844745374,
      "active_destinations": 19,
      "yoy_growth_pct": -33.529684068496344
    },
    {
      "year": 2019,
      "export_value_usd": 23024.946444091434,
      "active_destinations": 22,
      "yoy_growth_pct": -38.67716077738423
    },
    {
      "year": 2020,
      "export_value_usd": 9793.539432683277,
      "active_destinations": 17,
      "yoy_growth_pct": -57.465527850569856
    },
    {
      "year": 2021,
      "export_value_usd": 2480.161530153259,
      "active_destinations": 6,
      "yoy_growth_pct": -74.67553434383086
    },
    {
      "year": 2022,
      "export_value_usd": 1688.04566401805,
      "active_destinations": 4,
      "yoy_growth_pct": -31.938075665832173
    },
    {
      "year": 2023,
      "export_value_usd": 1150.97635951269,
      "active_destinations": 3,
      "yoy_growth_pct": -31.816041233563297
    },
    {
      "year": 2024,
      "export_value_usd": 60276.26220304984,
      "active_destinations": 5,
      "yoy_growth_pct": 5136.967875566976
    }
  ],
  "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
  }
}