{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:17.971Z",
  "seo": {
    "title": "Spain exports to Nicaragua: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Spain to Nicaragua, 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": "NIC",
    "country_name": "Nicaragua"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "ESP",
    "importer_iso3": "NIC",
    "all_history_lane_count": 68,
    "current_lane_count": 61,
    "current_product_count": 61,
    "first_observed_last_year": 2011,
    "latest_data_year": 2024,
    "current_trade_usd": 53551396.7402377,
    "attention_trade_usd": 4389405.7966294605,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 17894937.540485412,
    "unrecovered_drawdown_trade_usd": 8035551.519906593,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 11863324.088142991,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 3,
    "high_volatility_lane_count": 40,
    "unrecovered_drawdown_lane_count": 28,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 39,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.2110176321177633,
    "trade_weighted_below_peak_pct": 13.672787431082886,
    "product_concentration_hhi": 2279.5038917305124,
    "top1_product_share_pct": 46.00557094834299,
    "top3_product_share_pct": 58.24218135162258,
    "top_product_hs6": "300490",
    "top_product_trade_usd": 24636625.82115869,
    "top_product_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
    "top_attention_product_hs6": "271019",
    "top_attention_product_reason": "Current trade remains more than 50% below its historical peak",
    "distance_km": 8523.87109375,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.9603000283241272,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 8.431236952808081,
    "avg_mfn_tariff_pct": 8.61494578868687,
    "avg_preferential_tariff_pct": 3.8619274454545445,
    "tariff_advantage_pp": 4.753018343232324,
    "buyer_biz_entry_days": 14,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 14013.022092000001,
    "buyer_gdp_pc_latest": 2091,
    "buyer_population_latest": 6702.379,
    "buyer_gdp_5y_cagr_pct": 9.172346628065231,
    "buyer_gdp_pc_5y_cagr_pct": 7.77149231502996,
    "buyer_population_5y_cagr_pct": 1.2998375386140015,
    "buyer_investment_5y_avg_pct": 29.536,
    "buyer_savings_5y_avg_pct": 13.639999999999997,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 8.196622429702806,
    "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": 14013.022092000001,
    "buyer_gdp_pc_2024": 2091,
    "buyer_population_2024": 6702.379
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 32276116.8167463,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 38147490.1484032,
      "yoy_growth_pct": 18.191077213509676,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 50162245.39782351,
      "yoy_growth_pct": 31.495532740633614,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 18537468.929431166,
      "yoy_growth_pct": -63.04497778674898,
      "cagr_3y_pct": -16.876647157657075
    },
    {
      "year": 1999,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 17595432.766127657,
      "yoy_growth_pct": -5.081794968286513,
      "cagr_3y_pct": -22.735856534005684
    },
    {
      "year": 2000,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 17296003.63734649,
      "yoy_growth_pct": -1.7017434737813697,
      "cagr_3y_pct": -29.877681584821225
    },
    {
      "year": 2001,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 20447969.50133166,
      "yoy_growth_pct": 18.2236655939368,
      "cagr_3y_pct": 3.3236923295436815
    },
    {
      "year": 2002,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 31165792.1690974,
      "yoy_growth_pct": 52.415095137283686,
      "cagr_3y_pct": 20.992766159379993
    },
    {
      "year": 2003,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 31258974.615525816,
      "yoy_growth_pct": 0.2989895008053356,
      "cagr_3y_pct": 21.80814234185664
    },
    {
      "year": 2004,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 29086734.391333878,
      "yoy_growth_pct": -6.949173000425358,
      "cagr_3y_pct": 12.464362411795538
    },
    {
      "year": 2005,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 37718303.57031802,
      "yoy_growth_pct": 29.675277612311945,
      "cagr_3y_pct": 6.567471239582634
    },
    {
      "year": 2006,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 29713418.908915795,
      "yoy_growth_pct": -21.222812013479775,
      "cagr_3y_pct": -1.6760540630014975
    },
    {
      "year": 2007,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 40466017.05773184,
      "yoy_growth_pct": 36.18768402847652,
      "cagr_3y_pct": 11.634517176052018
    },
    {
      "year": 2008,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 57589929.2445918,
      "yoy_growth_pct": 42.3167720273278,
      "cagr_3y_pct": 15.15022683029712
    },
    {
      "year": 2009,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 43461790.81364721,
      "yoy_growth_pct": -24.532307325714154,
      "cagr_3y_pct": 13.514584488158189
    },
    {
      "year": 2010,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 56681600.19893952,
      "yoy_growth_pct": 30.417083920852207,
      "cagr_3y_pct": 11.88809528297734
    },
    {
      "year": 2011,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 49760625.75895254,
      "yoy_growth_pct": -12.21026649864494,
      "cagr_3y_pct": -4.754069408188943
    },
    {
      "year": 2012,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 98459932.4854131,
      "yoy_growth_pct": 97.86715095257613,
      "cagr_3y_pct": 31.336056545061265
    },
    {
      "year": 2013,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 81029085.67905949,
      "yoy_growth_pct": -17.703492543970622,
      "cagr_3y_pct": 12.65045373329301
    },
    {
      "year": 2014,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 67024507.820212446,
      "yoy_growth_pct": -17.283396130515982,
      "cagr_3y_pct": 10.437338934353747
    },
    {
      "year": 2015,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 57889426.12386125,
      "yoy_growth_pct": -13.629464793468193,
      "cagr_3y_pct": -16.225231405925
    },
    {
      "year": 2016,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 62753786.7442797,
      "yoy_growth_pct": 8.402848233476302,
      "cagr_3y_pct": -8.166810899132393
    },
    {
      "year": 2017,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 74983696.31710581,
      "yoy_growth_pct": 19.48871965713037,
      "cagr_3y_pct": 3.811246037089777
    },
    {
      "year": 2018,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 65356415.44787894,
      "yoy_growth_pct": -12.839165501408644,
      "cagr_3y_pct": 4.12691305475017
    },
    {
      "year": 2019,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 74321628.32267208,
      "yoy_growth_pct": 13.71741827233901,
      "cagr_3y_pct": 5.801484062067375
    },
    {
      "year": 2020,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 79110261.86421363,
      "yoy_growth_pct": 6.443122479436791,
      "cagr_3y_pct": 1.8017692078873493
    },
    {
      "year": 2021,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 82110003.7568567,
      "yoy_growth_pct": 3.791849277141668,
      "cagr_3y_pct": 7.903603661488212
    },
    {
      "year": 2022,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 92776315.86174068,
      "yoy_growth_pct": 12.990271120275377,
      "cagr_3y_pct": 7.673121140535466
    },
    {
      "year": 2023,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 83478507.18510893,
      "yoy_growth_pct": -10.02174810485873,
      "cagr_3y_pct": 1.8076979388463643
    },
    {
      "year": 2024,
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "export_value_usd": 99471152.12899424,
      "yoy_growth_pct": 19.157799394306995,
      "cagr_3y_pct": 6.602410575534523
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "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": 283798827.2239255,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9549707572535181,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "210690",
      "hs_description": "Food preparations: n.e.s. in item no. 2106.10",
      "buyer_imports_latest_usd": 116944937.40230191,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.6535956408667725,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "870530",
      "hs_description": "Vehicles: fire fighting vehicles",
      "buyer_imports_latest_usd": 10397764.186972415,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.4986190308816556,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "382200",
      "hs_description": "Reagents: diagnostic or laboratory reagents on a backing and prepared diagnostic or laboratory reagents whether or not on a backing, other than those of heading no. 3002 or 3006: certified reference material",
      "buyer_imports_latest_usd": 17567699.107806716,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1299843660385747,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 505732176.04910177,
      "current_below_peak_pct": 88.21238967352834,
      "lane_volatility_cv": 2.9911886722547303,
      "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": "NIC",
      "hs_code": "940690",
      "hs_description": "Buildings: prefabricated, not of wood",
      "buyer_imports_latest_usd": 11081677.286394488,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.9989486103719432,
      "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": "NIC",
      "hs_code": "330499",
      "hs_description": "Cosmetic and toilet preparations: n.e.c. in heading no. 3304, for the care of the skin (excluding medicaments, including sunscreen or sun tan preparations)",
      "buyer_imports_latest_usd": 16876415.292652212,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.8396918426085013,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "310590",
      "hs_description": "Fertilizers, mineral or chemical: n.e.s. in heading no. 3105",
      "buyer_imports_latest_usd": 14134423.032714888,
      "current_below_peak_pct": 17.1215656296326,
      "lane_volatility_cv": 1.1069661032363052,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "690723",
      "hs_description": "Ceramic tiles: flags and paving, hearth or wall tiles other than those of subheadings 6907.30 and 6907.40, of a water absorption coefficient by weight over 10%",
      "buyer_imports_latest_usd": 15714889.952855077,
      "current_below_peak_pct": 72.60154992093155,
      "lane_volatility_cv": 0.8902588871850332,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "ESP",
      "importer_iso3": "NIC",
      "hs_code": "330300",
      "hs_description": "Perfumes and toilet waters",
      "buyer_imports_latest_usd": 18678130.35880164,
      "current_below_peak_pct": 1.955279376963633,
      "lane_volatility_cv": 0.853923301293015,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "ESP",
    "importer_iso3": "NIC",
    "distance_km": 8520,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "shares_ethnic_language": 1,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 14013.022092,
    "importer_gdp_per_capita_usd": 2090.7534611217898,
    "importer_population": 6702.379,
    "importer_biz_entry_days": 14,
    "importer_biz_entry_cost_pct": 65.7,
    "exporter_gdp_million_usd": 1425276.586283,
    "exporter_gdp_per_capita_usd": 30115.705886680804,
    "avg_applied_tariff_pct": 8.431236952808081,
    "avg_mfn_tariff_pct": 8.61494578868687,
    "avg_preferential_tariff_pct": 3.8619274454545445,
    "tariff_advantage_pp": 4.753018343232324
  },
  "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-NIC/risk",
    "html": "https://www.yugalinks.com/trade/corridor/ESP-NIC/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/ESP-NIC/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/ESP-NIC/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/ESP-NIC/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"
  }
}