{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:15.276Z",
  "seo": {
    "title": "Spain exports to Iceland: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Spain to Iceland, 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": "ISL",
    "country_name": "Iceland"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ESP",
    "importer_iso3": "ISL",
    "all_history_lane_count": 93,
    "current_lane_count": 79,
    "current_product_count": 79,
    "first_observed_last_year": 2003,
    "latest_data_year": 2024,
    "current_trade_usd": 104102827.1079602,
    "attention_trade_usd": 44697355.15477778,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 75002618.9080953,
    "unrecovered_drawdown_trade_usd": 13268209.10806262,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 50698253.32005367,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 9,
    "high_volatility_lane_count": 42,
    "unrecovered_drawdown_lane_count": 32,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 18,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.3346069100341904,
    "trade_weighted_below_peak_pct": 22.44507920635175,
    "product_concentration_hhi": 1184.0790111001793,
    "top1_product_share_pct": 26.55043164481676,
    "top3_product_share_pct": 52.64290214374121,
    "top_product_hs6": "890200",
    "top_product_trade_usd": 27639749.951620746,
    "top_product_description": "Fishing vessels, factory ships and other vessels: for processing or preserving fishery products",
    "top_attention_product_hs6": "890200",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 2894.700927734375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": 0.2402999997138977,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 3.335288936048485,
    "avg_mfn_tariff_pct": 3.9412890495353543,
    "avg_preferential_tariff_pct": 1.1479251042020202,
    "tariff_advantage_pp": 2.793363945333334,
    "buyer_biz_entry_days": 11.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 25458.933916,
    "buyer_gdp_pc_latest": 68384,
    "buyer_population_latest": 372.295,
    "buyer_gdp_5y_cagr_pct": 5.884796260042391,
    "buyer_gdp_pc_5y_cagr_pct": 4.423582580964003,
    "buyer_population_5y_cagr_pct": 1.399313874282604,
    "buyer_investment_5y_avg_pct": 23.401999999999997,
    "buyer_savings_5y_avg_pct": 24.644,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 42.93577455723103,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 25458.933916,
    "buyer_gdp_pc_2024": 68384,
    "buyer_population_2024": 372.295
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 26813539.719675712,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 29602634.601816025,
      "yoy_growth_pct": 10.401815319048247,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 28474495.393175583,
      "yoy_growth_pct": -3.8109419104583098,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 43545794.36219982,
      "yoy_growth_pct": 52.929116955085156,
      "cagr_3y_pct": 17.543158317057618
    },
    {
      "year": 1999,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 40047187.49334912,
      "yoy_growth_pct": -8.034316333169677,
      "cagr_3y_pct": 10.597986090977685
    },
    {
      "year": 2000,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 42855071.38363542,
      "yoy_growth_pct": 7.011438420619731,
      "cagr_3y_pct": 14.599325659080996
    },
    {
      "year": 2001,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 45617168.267386325,
      "yoy_growth_pct": 6.445204253715553,
      "cagr_3y_pct": 1.5610935329701814
    },
    {
      "year": 2002,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 35263139.91087075,
      "yoy_growth_pct": -22.697656934391762,
      "cagr_3y_pct": -4.15201517540914
    },
    {
      "year": 2003,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 42724419.77511624,
      "yoy_growth_pct": 21.158864137181844,
      "cagr_3y_pct": -0.10172627687827784
    },
    {
      "year": 2004,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 51093217.27453485,
      "yoy_growth_pct": 19.587855244070052,
      "cagr_3y_pct": 3.851229532054856
    },
    {
      "year": 2005,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 57297621.99123478,
      "yoy_growth_pct": 12.143304038503434,
      "cagr_3y_pct": 17.563328245866195
    },
    {
      "year": 2006,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 67650478.6064397,
      "yoy_growth_pct": 18.068562455853176,
      "cagr_3y_pct": 16.555176582161412
    },
    {
      "year": 2007,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 124135722.48627564,
      "yoy_growth_pct": 83.49570475094774,
      "cagr_3y_pct": 34.43463588666833
    },
    {
      "year": 2008,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 57918931.23181088,
      "yoy_growth_pct": -53.34225308253685,
      "cagr_3y_pct": 0.36015278327725664
    },
    {
      "year": 2009,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 36342033.789263144,
      "yoy_growth_pct": -37.25361808937703,
      "cagr_3y_pct": -18.708316403332294
    },
    {
      "year": 2010,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 38649957.4273913,
      "yoy_growth_pct": 6.350562688679262,
      "cagr_3y_pct": -32.22272854752166
    },
    {
      "year": 2011,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 42663392.140496224,
      "yoy_growth_pct": 10.384059854773863,
      "cagr_3y_pct": -9.688106499821735
    },
    {
      "year": 2012,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 51665357.918355376,
      "yoy_growth_pct": 21.09997664558523,
      "cagr_3y_pct": 12.442390881468146
    },
    {
      "year": 2013,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 64182523.22841147,
      "yoy_growth_pct": 24.227385262357902,
      "cagr_3y_pct": 18.419327095689564
    },
    {
      "year": 2014,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 77104581.95965703,
      "yoy_growth_pct": 20.13329810244262,
      "cagr_3y_pct": 21.807753796490005
    },
    {
      "year": 2015,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 57016365.813302785,
      "yoy_growth_pct": -26.053206743102354,
      "cagr_3y_pct": 3.3395810682250726
    },
    {
      "year": 2016,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 175250697.17724708,
      "yoy_growth_pct": 207.36911179343954,
      "cagr_3y_pct": 39.77011502086712
    },
    {
      "year": 2017,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 99883883.96753049,
      "yoy_growth_pct": -43.00514315985359,
      "cagr_3y_pct": 9.011356744908605
    },
    {
      "year": 2018,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 131699215.58896548,
      "yoy_growth_pct": 31.852317268496776,
      "cagr_3y_pct": 32.18876710144609
    },
    {
      "year": 2019,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 130876193.43093556,
      "yoy_growth_pct": -0.6249256340285059,
      "cagr_3y_pct": -9.273609399384132
    },
    {
      "year": 2020,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 105242538.41642448,
      "yoy_growth_pct": -19.58618625933537,
      "cagr_3y_pct": 1.757235026313353
    },
    {
      "year": 2021,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 165064192.39459342,
      "yoy_growth_pct": 56.841705719284484,
      "cagr_3y_pct": 7.817658112659642
    },
    {
      "year": 2022,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 144557726.47378355,
      "yoy_growth_pct": -12.423327932800976,
      "cagr_3y_pct": 3.3697703520207734
    },
    {
      "year": 2023,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 145051495.71763927,
      "yoy_growth_pct": 0.34157236413459025,
      "cagr_3y_pct": 11.28679426787318
    },
    {
      "year": 2024,
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "export_value_usd": 182460751.05405834,
      "yoy_growth_pct": 25.7903271878291,
      "cagr_3y_pct": 3.396426415029863
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "890200",
      "hs_description": "Fishing vessels, factory ships and other vessels: for processing or preserving fishery products",
      "buyer_imports_latest_usd": 150476239.02871105,
      "current_below_peak_pct": 21.137719588623437,
      "lane_volatility_cv": 1.974121269956351,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 884637701.4276571,
      "current_below_peak_pct": 27.215991342982747,
      "lane_volatility_cv": 1.4263388135943327,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "854449",
      "hs_description": "Insulated electric conductors: for a voltage not exceeding 80 volts, not fitted with connectors",
      "buyer_imports_latest_usd": 23486235.559722196,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1734449073292628,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "270119",
      "hs_description": "Coal: (other than anthracite and bituminous), whether or not pulverised but not agglomerated",
      "buyer_imports_latest_usd": 28999774.32174157,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8857064548651142,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "841112",
      "hs_description": "Turbo-jets: of a thrust exceeding 25kN",
      "buyer_imports_latest_usd": 43654798.935990706,
      "current_below_peak_pct": 86.59628872894446,
      "lane_volatility_cv": 1.3537944771723673,
      "attention_level": "High 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"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "220421",
      "hs_description": "Wine: still, in containers holding 2 litres or less",
      "buyer_imports_latest_usd": 24343269.546764806,
      "current_below_peak_pct": 20.593537676120928,
      "lane_volatility_cv": 0.43985040306956585,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "250100",
      "hs_description": "Salt (including table salt and denatured salt): pure sodium chloride whether or not in aqueous solution: sea water",
      "buyer_imports_latest_usd": 10407307.058912698,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.519478583576589,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "250620",
      "hs_description": "Quartzite: whether or not roughly trimmed or merely cut, by sawing or otherwise, into blocks or slabs of a rectangular (including square) shape",
      "buyer_imports_latest_usd": 12458626.50952169,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8254331182502616,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "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": 188316063.76616427,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.5952049088972985,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "ISL",
      "hs_code": "270112",
      "hs_description": "Coal: bituminous, whether or not pulverised, but not agglomerated",
      "buyer_imports_latest_usd": 19943198.03529169,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier",
        "limited_history"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ESP",
    "importer_iso3": "ISL",
    "distance_km": 2892,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 0,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 1,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 25458.933915999998,
    "importer_gdp_per_capita_usd": 68383.7653366282,
    "importer_population": 372.295,
    "importer_biz_entry_days": 11.5,
    "importer_biz_entry_cost_pct": 1.9,
    "exporter_gdp_million_usd": 1425276.586283,
    "exporter_gdp_per_capita_usd": 30115.705886680804,
    "avg_applied_tariff_pct": 3.335288936048485,
    "avg_mfn_tariff_pct": 3.9412890495353543,
    "avg_preferential_tariff_pct": 1.1479251042020202,
    "tariff_advantage_pp": 2.793363945333334
  },
  "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-ISL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ESP-ISL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ESP-ISL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ESP-ISL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ESP-ISL/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"
  }
}