# Spain exports to South Korea: Trade Route Risk | Yugalinks

Understand reported exports from Spain to South Korea, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/ESP-KOR/risk

## Route overview

In 2024, Spain reported $2.1B in goods exports to South Korea. The overall review level is Watch.

## How to read this page

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $2.1B | 2024 route total |
| Exports needing review | 33.6% | Share of route exports |
| Highest-priority products | 1 | Need the closest review |
| Products needing review | 119 | High-attention product types |
| Export volatility | 1.2 | Higher means bigger yearly swings |
| Below highest year | 24.8% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 020329 | Meat: of swine, n.e.s. in item no. 0203.2, frozen | $1.7B | 31.4% | Stable |
| 2 | 711299 | Waste and scrap of precious metals: waste and scrap of precious metals including metal clad with precious metals, other than that of gold and platinum and excluding ash which contains precious metal or precious metal compounds | $695.1M | 21.9% | Watch |
| 3 | 300490 | Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale | $3.8B | 10.9% | Stable |
| 4 | 150910 | Vegetable oils: olive oil and its fractions, virgin, whether or not refined, but not chemically modified | $177.5M | 0% | High attention |
| 5 | 870840 | Vehicles: parts, gear boxes | $1.2B | 0% | Watch |
| 6 | 420221 | Cases and containers: handbags (whether or not with shoulder strap and including those without handle), with outer surface of leather, of composition leather or of patent leather | $1.1B | 3.3% | High attention |
| 7 | 790111 | Zinc: unwrought, (not alloyed), containing by weight 99.99% or more of zinc | $115.4M | 0% | High attention |
| 8 | 300212 | Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions | $532.8M | 26.8% | High attention |
| 9 | 271012 | Not reported | $18.4B | 91.2% | High attention |
| 10 | 200911 | Juice: orange, frozen, unfermented, (not containing added spirit), whether or not containing added sugar or other sweetening matter | $42.3M | 0% | High attention |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.