{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:15.180Z",
  "seo": {
    "title": "Spain exports to Brazil: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Spain to Brazil, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "ESP",
    "country_name": "Spain"
  },
  "importer": {
    "iso3": "BRA",
    "country_name": "Brazil"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ESP",
    "importer_iso3": "BRA",
    "all_history_lane_count": 1228,
    "current_lane_count": 1115,
    "current_product_count": 1115,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 3760483696.2189674,
    "attention_trade_usd": 2535201159.077924,
    "critical_trade_usd": 325504421.44907975,
    "high_volatility_trade_usd": 1849467107.285844,
    "unrecovered_drawdown_trade_usd": 788601016.3428372,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 1373635826.2720973,
    "access_friction_trade_usd": 3760483696.2189674,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 12,
    "high_attention_lane_count": 265,
    "high_volatility_lane_count": 594,
    "unrecovered_drawdown_lane_count": 633,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 559,
    "access_friction_lane_count": 1115,
    "trade_weighted_volatility_cv": 1.121564519351893,
    "trade_weighted_below_peak_pct": 28.093268484336107,
    "product_concentration_hhi": 260.09595405788485,
    "top1_product_share_pct": 12.901517062076149,
    "top3_product_share_pct": 21.541658502120313,
    "top_product_hs6": "271012",
    "top_product_trade_usd": 485159445.6842819,
    "top_product_description": "",
    "top_attention_product_hs6": "271012",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 8389.7802734375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.06955847889184952,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 28.83659997252525,
    "avg_mfn_tariff_pct": 28.83659997252525,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 16.6,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1608981.220812,
    "buyer_gdp_pc_latest": 7519,
    "buyer_population_latest": 213993.439,
    "buyer_gdp_5y_cagr_pct": 3.134039194863969,
    "buyer_gdp_pc_5y_cagr_pct": 2.688169663595019,
    "buyer_population_5y_cagr_pct": 0.43419756407150345,
    "buyer_investment_5y_avg_pct": 19.334000000000003,
    "buyer_savings_5y_avg_pct": 16.486,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 67.41689005664293,
    "critical_trade_share_pct": 8.65591896532786,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets",
      "market_access_friction"
    ],
    "attention_level": "High attention",
    "primary_risk_reason": "Tariff, distance or agreement conditions create market-access friction",
    "buyer_gdp_mn_2024": 1608981.220812,
    "buyer_gdp_pc_2024": 7519,
    "buyer_population_2024": 213993.439
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 824481255.0912346,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 959566884.9127693,
      "yoy_growth_pct": 16.384317895327595,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1196352623.9974594,
      "yoy_growth_pct": 24.6763141587796,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1249866944.4687803,
      "yoy_growth_pct": 4.473122672854557,
      "cagr_3y_pct": 14.875566307634047
    },
    {
      "year": 1999,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1374002039.687927,
      "yoy_growth_pct": 9.931864809170277,
      "cagr_3y_pct": 12.71214336497919
    },
    {
      "year": 2000,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1155471232.6209016,
      "yoy_growth_pct": -15.904693061202412,
      "cagr_3y_pct": -1.1522829044547045
    },
    {
      "year": 2001,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1259536964.9351387,
      "yoy_growth_pct": 9.006345582329178,
      "cagr_3y_pct": 0.2572324113945035
    },
    {
      "year": 2002,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1001946832.5325563,
      "yoy_growth_pct": -20.45117686687721,
      "cagr_3y_pct": -9.991035295687013
    },
    {
      "year": 2003,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1026406735.3603045,
      "yoy_growth_pct": 2.4412376019915527,
      "cagr_3y_pct": -3.871215275115414
    },
    {
      "year": 2004,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1311537013.5299168,
      "yoy_growth_pct": 27.779462891922833,
      "cagr_3y_pct": 1.3576527614634903
    },
    {
      "year": 2005,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1417257326.8354015,
      "yoy_growth_pct": 8.060795251286535,
      "cagr_3y_pct": 12.25387576572885
    },
    {
      "year": 2006,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1446620545.682748,
      "yoy_growth_pct": 2.071833977596138,
      "cagr_3y_pct": 12.11878390553489
    },
    {
      "year": 2007,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1856959738.238537,
      "yoy_growth_pct": 28.365364627261336,
      "cagr_3y_pct": 12.289887150655087
    },
    {
      "year": 2008,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 2510807482.9773636,
      "yoy_growth_pct": 35.210658113624426,
      "cagr_3y_pct": 21.000797996938726
    },
    {
      "year": 2009,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 1956067462.2614062,
      "yoy_growth_pct": -22.0940882356355,
      "cagr_3y_pct": 10.579952748804988
    },
    {
      "year": 2010,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 2861795740.4026284,
      "yoy_growth_pct": 46.3035296898253,
      "cagr_3y_pct": 15.507995805734808
    },
    {
      "year": 2011,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3534404758.786978,
      "yoy_growth_pct": 23.503040726789237,
      "cagr_3y_pct": 12.072989398879708
    },
    {
      "year": 2012,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3636465840.1234465,
      "yoy_growth_pct": 2.8876455386930955,
      "cagr_3y_pct": 22.960388812481657
    },
    {
      "year": 2013,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 4697668159.538129,
      "yoy_growth_pct": 29.182243586774838,
      "cagr_3y_pct": 17.96356820232814
    },
    {
      "year": 2014,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 4148770247.1273675,
      "yoy_growth_pct": -11.684476079824435,
      "cagr_3y_pct": 5.487508254226747
    },
    {
      "year": 2015,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3417587290.80702,
      "yoy_growth_pct": -17.62408889300685,
      "cagr_3y_pct": -2.0479864725162056
    },
    {
      "year": 2016,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 2570709002.924952,
      "yoy_growth_pct": -24.780004600324002,
      "cagr_3y_pct": -18.20560814412786
    },
    {
      "year": 2017,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 2971358537.6506786,
      "yoy_growth_pct": 15.585176473489138,
      "cagr_3y_pct": -10.529769129401922
    },
    {
      "year": 2018,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3157304664.0440254,
      "yoy_growth_pct": 6.257949824539399,
      "cagr_3y_pct": -2.6059800582432735
    },
    {
      "year": 2019,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3144369684.888656,
      "yoy_growth_pct": -0.4096842253671351,
      "cagr_3y_pct": 6.944936600667684
    },
    {
      "year": 2020,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 2717028846.537391,
      "yoy_growth_pct": -13.590667802357892,
      "cagr_3y_pct": -2.938634512746452
    },
    {
      "year": 2021,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3544928885.561773,
      "yoy_growth_pct": 30.470785765836304,
      "cagr_3y_pct": 3.935444732049742
    },
    {
      "year": 2022,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3832026943.16945,
      "yoy_growth_pct": 8.098838280705877,
      "cagr_3y_pct": 6.814853981626556
    },
    {
      "year": 2023,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 4425476713.30951,
      "yoy_growth_pct": 15.486576136889617,
      "cagr_3y_pct": 17.658128698920628
    },
    {
      "year": 2024,
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "export_value_usd": 3966796800.8892145,
      "yoy_growth_pct": -10.364531148493617,
      "cagr_3y_pct": 3.8191516325423835
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "271012",
      "hs_description": "",
      "buyer_imports_latest_usd": 4738803096.374808,
      "current_below_peak_pct": 31.914725778587293,
      "lane_volatility_cv": 1.265514829629484,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 4278103692.4858665,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9685679417908841,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "150910",
      "hs_description": "Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modified",
      "buyer_imports_latest_usd": 659861924.7886685,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7938275993870716,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "380892",
      "hs_description": "Fungicides: not containing substances of 3808.50: put up in forms or packings for retail sale or as preparations or articles",
      "buyer_imports_latest_usd": 817884724.2331736,
      "current_below_peak_pct": 44.37280027952706,
      "lane_volatility_cv": 0.8001513094206328,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "330300",
      "hs_description": "Perfumes and toilet waters",
      "buyer_imports_latest_usd": 224893937.84348136,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1882179869816558,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 10350858472.702112,
      "current_below_peak_pct": 87.0525232919693,
      "lane_volatility_cv": 1.149134513421853,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "293090",
      "hs_description": "Organo-sulphur compounds: n.e.s. in heading no. 2930",
      "buyer_imports_latest_usd": 639867833.9305296,
      "current_below_peak_pct": 14.783112690261996,
      "lane_volatility_cv": 0.3709107448971807,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": [
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "270799",
      "hs_description": "Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707",
      "buyer_imports_latest_usd": 214363033.8938132,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.917554542858546,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "300220",
      "hs_description": "Vaccines: for human medicine",
      "buyer_imports_latest_usd": 978452226.1514661,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.6973106301385874,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "long_distance_without_fta"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "BRA",
      "hs_code": "293339",
      "hs_description": "Heterocyclic compounds: containing an unfused pyridine ring (whether or not hydrogenated) in the structure, other than pyridine and its salts, other than piperidine and its salts",
      "buyer_imports_latest_usd": 936796384.0658549,
      "current_below_peak_pct": 15.888318262811824,
      "lane_volatility_cv": 0.9265017562746491,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "long_distance_without_fta"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ESP",
    "importer_iso3": "BRA",
    "distance_km": 8361,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 1608981.2208119999,
    "importer_gdp_per_capita_usd": 7518.834354599067,
    "importer_population": 213993.439,
    "importer_biz_entry_days": 16.6,
    "importer_biz_entry_cost_pct": 4.2,
    "exporter_gdp_million_usd": 1425276.586283,
    "exporter_gdp_per_capita_usd": 30115.705886680804,
    "avg_applied_tariff_pct": 28.83659997252525,
    "avg_mfn_tariff_pct": 28.83659997252525,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/ESP-BRA/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ESP-BRA/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ESP-BRA/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ESP-BRA/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ESP-BRA/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}