Panama redwood vs wood

Panama redwood and wood both are nouns.

Word	Noun	Adjective	Verb	Adverb
Panama redwood	Yes	No	No	No
wood	Yes	No	No	No

As nouns, wood is a hypernym of Panama redwood; that is, wood is a word with a broader meaning than Panama redwood:

Panama redwood (noun)	wood (noun)
large erect shrub of Colombia having large odd-pinnate leaves with large leaflets and axillary racemes of fragrant yellow flowers	any wind instrument other than the brass instruments
hard heavy red wood of a quira tree	a golf club with a long shaft used to hit long shots; originally made with a wooden head
	the trees and other plants in a large densely wooded area
	the hard fibrous lignified substance under the bark of trees