{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:47:53.756Z",
  "seo": {
    "title": "Mexico exports to Spain: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Mexico to Spain, 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": "MEX",
    "country_name": "Mexico"
  },
  "importer": {
    "iso3": "ESP",
    "country_name": "Spain"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "MEX",
    "importer_iso3": "ESP",
    "all_history_lane_count": 696,
    "current_lane_count": 523,
    "current_product_count": 523,
    "first_observed_last_year": 1995,
    "latest_data_year": 2024,
    "current_trade_usd": 5569518566.921282,
    "attention_trade_usd": 319032208.21489555,
    "critical_trade_usd": 10061460.00459087,
    "high_volatility_trade_usd": 1245900260.7215157,
    "unrecovered_drawdown_trade_usd": 309687368.2833963,
    "declining_demand_trade_usd": 6156071.842551307,
    "concentrated_market_trade_usd": 229889370.91078416,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 1,
    "high_attention_lane_count": 50,
    "high_volatility_lane_count": 374,
    "unrecovered_drawdown_lane_count": 242,
    "declining_demand_lane_count": 3,
    "concentrated_market_lane_count": 101,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.8219570642027989,
    "trade_weighted_below_peak_pct": 33.584187507756454,
    "product_concentration_hhi": 4592.333442572434,
    "top1_product_share_pct": 67.52305573035778,
    "top3_product_share_pct": 73.47222652726147,
    "top_product_hs6": "270900",
    "top_product_trade_usd": 3760709125.8548813,
    "top_product_description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
    "top_attention_product_hs6": "291736",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": 9073.951171875,
    "shares_land_border": 0,
    "shares_official_language": 1,
    "common_spoken_language_score": 0.9803686738014221,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 1.6177850686696975,
    "avg_mfn_tariff_pct": 5.920413126868687,
    "avg_preferential_tariff_pct": 1.320264329876517,
    "tariff_advantage_pp": 4.60014879699217,
    "buyer_biz_entry_days": 12.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 1425276.586283,
    "buyer_gdp_pc_latest": 30116,
    "buyer_population_latest": 47326.687,
    "buyer_gdp_5y_cagr_pct": 4.219593086678142,
    "buyer_gdp_pc_5y_cagr_pct": 3.4705637441098336,
    "buyer_population_5y_cagr_pct": 0.7239057326687615,
    "buyer_investment_5y_avg_pct": 24.381999999999998,
    "buyer_savings_5y_avg_pct": 22.082,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 5.7281828650272395,
    "critical_trade_share_pct": 0.18065223921414528,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 1425276.586283,
    "buyer_gdp_pc_2024": 30116,
    "buyer_population_2024": 47326.687
  },
  "history": [
    {
      "year": 1995,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 893923832.169376,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 1996,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 983886834.3741001,
      "yoy_growth_pct": 10.06383306577716,
      "cagr_3y_pct": null
    },
    {
      "year": 1997,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 1007905377.7840897,
      "yoy_growth_pct": 2.4411896338941252,
      "cagr_3y_pct": null
    },
    {
      "year": 1998,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 786525722.5738335,
      "yoy_growth_pct": -21.964329200918254,
      "cagr_3y_pct": -4.176770235026151
    },
    {
      "year": 1999,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 888627063.6504282,
      "yoy_growth_pct": 12.98130984737249,
      "cagr_3y_pct": -3.337476479410162
    },
    {
      "year": 2000,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 1530583435.5579605,
      "yoy_growth_pct": 72.24137078049513,
      "cagr_3y_pct": 14.942088014210352
    },
    {
      "year": 2001,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 1356512249.7454572,
      "yoy_growth_pct": -11.372864867640963,
      "cagr_3y_pct": 19.923307118038515
    },
    {
      "year": 2002,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 1505643200.3866193,
      "yoy_growth_pct": 10.993704676765415,
      "cagr_3y_pct": 19.215898727768632
    },
    {
      "year": 2003,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 1549484877.4500675,
      "yoy_growth_pct": 2.9118238007643793,
      "cagr_3y_pct": 0.40995621153556705
    },
    {
      "year": 2004,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 2083170830.361899,
      "yoy_growth_pct": 34.44279842150506,
      "cagr_3y_pct": 15.371991314016586
    },
    {
      "year": 2005,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3126012504.4292593,
      "yoy_growth_pct": 50.06030513043391,
      "cagr_3y_pct": 27.57224979623205
    },
    {
      "year": 2006,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3306344161.589644,
      "yoy_growth_pct": 5.768743947916777,
      "cagr_3y_pct": 28.741996155770178
    },
    {
      "year": 2007,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3875493898.0282707,
      "yoy_growth_pct": 17.213868509229457,
      "cagr_3y_pct": 22.98931723638342
    },
    {
      "year": 2008,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 4469741651.731134,
      "yoy_growth_pct": 15.333471535207366,
      "cagr_3y_pct": 12.658484220890243
    },
    {
      "year": 2009,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 2668358436.079431,
      "yoy_growth_pct": -40.30173007771101,
      "cagr_3y_pct": -6.896636720162952
    },
    {
      "year": 2010,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3865754966.384176,
      "yoy_growth_pct": 44.87390127632391,
      "cagr_3y_pct": -0.08383534359345246
    },
    {
      "year": 2011,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5044203387.2283325,
      "yoy_growth_pct": 30.48430205979702,
      "cagr_3y_pct": 4.1126232399286256
    },
    {
      "year": 2012,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 7123123778.712853,
      "yoy_growth_pct": 41.21404772750128,
      "cagr_3y_pct": 38.720967143270755
    },
    {
      "year": 2013,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 7024918032.178872,
      "yoy_growth_pct": -1.3786893164409841,
      "cagr_3y_pct": 22.03066545502459
    },
    {
      "year": 2014,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5994434167.265346,
      "yoy_growth_pct": -14.668980622880067,
      "cagr_3y_pct": 5.921763279658365
    },
    {
      "year": 2015,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3480956401.120672,
      "yoy_growth_pct": -41.93019217510765,
      "cagr_3y_pct": -21.233291504221906
    },
    {
      "year": 2016,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3491481077.6610184,
      "yoy_growth_pct": 0.3023501396615558,
      "cagr_3y_pct": -20.788273885820296
    },
    {
      "year": 2017,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 4363807432.532289,
      "yoy_growth_pct": 24.984421667141078,
      "cagr_3y_pct": -10.04213750202525
    },
    {
      "year": 2018,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5327742891.728039,
      "yoy_growth_pct": 22.089321632517244,
      "cagr_3y_pct": 15.243089218455651
    },
    {
      "year": 2019,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 4490321100.733119,
      "yoy_growth_pct": -15.7181344523047,
      "cagr_3y_pct": 8.748323020865701
    },
    {
      "year": 2020,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 3296730981.513964,
      "yoy_growth_pct": -26.58139790992412,
      "cagr_3y_pct": -8.92357452906979
    },
    {
      "year": 2021,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 4698400909.160542,
      "yoy_growth_pct": 42.51696409280219,
      "cagr_3y_pct": -4.103607210341775
    },
    {
      "year": 2022,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5387442407.775852,
      "yoy_growth_pct": 14.665447073106863,
      "cagr_3y_pct": 6.259658072149343
    },
    {
      "year": 2023,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5218192418.328495,
      "yoy_growth_pct": -3.141564709871858,
      "cagr_3y_pct": 16.541032117833645
    },
    {
      "year": 2024,
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "export_value_usd": 5625269039.92021,
      "yoy_growth_pct": 7.801104078912258,
      "cagr_3y_pct": 6.185302550409966
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "270900",
      "hs_description": "Oils: petroleum oils and oils obtained from bituminous minerals, crude",
      "buyer_imports_latest_usd": 34429155324.83588,
      "current_below_peak_pct": 39.154425267023655,
      "lane_volatility_cv": 0.6028038053706263,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "260800",
      "hs_description": "Zinc ores and concentrates",
      "buyer_imports_latest_usd": 942238787.341704,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.1197876718867863,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "902110",
      "hs_description": "Orthopaedic or fracture appliances",
      "buyer_imports_latest_usd": 500113621.02208644,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.1459053984467205,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "840991",
      "hs_description": "Engines: parts, suitable for use solely or principally with spark-ignition internal combustion piston engines (for other than aircraft)",
      "buyer_imports_latest_usd": 574678830.4214469,
      "current_below_peak_pct": 34.067048229036295,
      "lane_volatility_cv": 0.9941493619274903,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "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": 371306846.82155865,
      "current_below_peak_pct": 42.72083151121346,
      "lane_volatility_cv": 2.5610068506766366,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "841191",
      "hs_description": "Turbines: parts of turbo-jets and turbo-propellers",
      "buyer_imports_latest_usd": 1267959989.9164474,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.3921543949908717,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "901890",
      "hs_description": "Medical, surgical or dental instruments and appliances: n.e.c. in heading no. 9018",
      "buyer_imports_latest_usd": 1364744532.9302914,
      "current_below_peak_pct": 19.85210936400503,
      "lane_volatility_cv": 0.7155037298036355,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "870840",
      "hs_description": "Vehicles: parts, gear boxes",
      "buyer_imports_latest_usd": 2294451195.656638,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.69109852937927,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "291736",
      "hs_description": "Acids: aromatic polycarboxylic acids: terephthalic acid and its salts",
      "buyer_imports_latest_usd": 217042083.99534604,
      "current_below_peak_pct": 40.81594756950463,
      "lane_volatility_cv": 0.5142147790687106,
      "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": "MEX",
      "importer_iso3": "ESP",
      "hs_code": "870333",
      "hs_description": "Vehicles: compression-ignition internal combustion piston engine (diesel or semi-diesel), cylinder capacity exceeding 2500cc",
      "buyer_imports_latest_usd": 616535087.280463,
      "current_below_peak_pct": 16.970136345243986,
      "lane_volatility_cv": 2.042206199831418,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "MEX",
    "importer_iso3": "ESP",
    "distance_km": 9078,
    "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": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 1425276.586283,
    "importer_gdp_per_capita_usd": 30115.705886680804,
    "importer_population": 47326.687,
    "importer_biz_entry_days": 12.5,
    "importer_biz_entry_cost_pct": 3.9,
    "exporter_gdp_million_usd": 1293037.8663599999,
    "exporter_gdp_per_capita_usd": 9926.42261514624,
    "avg_applied_tariff_pct": 1.6177850686696975,
    "avg_mfn_tariff_pct": 5.920413126868687,
    "avg_preferential_tariff_pct": 1.320264329876517,
    "tariff_advantage_pp": 4.60014879699217
  },
  "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/MEX-ESP/risk",
    "html": "https://www.yugalinks.com/trade/corridor/MEX-ESP/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/MEX-ESP/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/MEX-ESP/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/MEX-ESP/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"
  }
}