{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/esp/110311",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/110311",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/110311",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "110311",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 107,
    "current_lane_count": 39,
    "active_market_count": 39,
    "exports_latest_observed_lanes_usd": 44641412.64323744,
    "exports_current_2024_usd": 41725407.75886965,
    "exports_avg_3y_usd": 42320487.44974331,
    "exports_avg_5y_usd": 43296387.205550276,
    "exports_avg_10y_usd": 40391326.71012005,
    "exports_cagr_3y_pct": -4.027861159871993,
    "exports_cagr_5y_pct": 4.171561096854837,
    "exports_cagr_10y_pct": 1.736210828568252,
    "exports_all_year_lane_avg_usd": 50307321.20297873,
    "exports_historical_lane_peak_usd": 199036076.34019035,
    "historical_peak_year": 1995,
    "positive_growth_year_share_pct": 48.275862068965516,
    "trend_acceleration_pct": -5.764071988440245,
    "trend_label": "Declining",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 23413002.24362958,
    "top_market_share_pct": 52.44682203661475,
    "destination_hhi": 3224.496316669028,
    "weighted_share_latest_pct": 46.289195791527284,
    "weighted_share_change_1y_pp": -0.7778228989805186,
    "weighted_volatility_cv": 0.6577331683401946,
    "weighted_max_drawdown_pct": 66.95103435768664,
    "limited_history_lane_share_pct": 52.33644859813084,
    "data_freshness_years": 0,
    "coverage_score": 89.5,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 110311,
      "hs_description": "Cereal groats and meal: of wheat",
      "hs_chapter": 11,
      "hs_heading": 1103,
      "substitution_elasticity": -4.6501942,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Cereal groats and meal: of wheat",
    "hs_chapter": 11,
    "hs_heading": 1103,
    "destinations": [
      {
        "hs_code": 110311,
        "corridor_rank": 1,
        "exporter_iso3": "ESP",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 23413002.24362958,
        "exports_all_year_avg_usd": 13312270.847956112,
        "exports_avg_3y_usd": 23645312.320681766,
        "exports_avg_5y_usd": 20315993.614681333,
        "exports_avg_10y_usd": 17576997.665953048,
        "exports_cagr_3y_pct": 16.52462288661396,
        "exports_cagr_5y_pct": 12.216721433714618,
        "exports_cagr_10y_pct": 3.584642404819416,
        "exports_historical_peak_usd": 28120303.298542295,
        "buyer_imports_latest_observed_usd": 59699783.59173084,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 48.275862068965516,
        "trend_acceleration_pct": 12.939980481794546,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -7.2725,
        "buyer_yoy_all_avg_pct": 6.9375,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 39.21790136417273,
        "market_share_change_1y_pp": -4.459390792381036,
        "peer_best_share_pct": 39.21790136417273,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 41,
        "buyer_market_hhi": 2513.28,
        "distance_km": 1054.6563720703125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.40015996251954944,
        "max_drawdown_pct": 46.49393086280314,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 110311,
        "corridor_rank": 14,
        "exporter_iso3": "ESP",
        "importer_iso3": "MLI",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 8200304.49109,
        "exports_all_year_avg_usd": 3784680.3332737377,
        "exports_avg_3y_usd": 8398540.145416437,
        "exports_avg_5y_usd": 8489682.587700645,
        "exports_avg_10y_usd": 7903769.055030838,
        "exports_cagr_3y_pct": -9.45915716464405,
        "exports_cagr_5y_pct": 10.150238140292211,
        "exports_cagr_10y_pct": 3.118383290725424,
        "exports_historical_peak_usd": 11048323.442162234,
        "buyer_imports_latest_observed_usd": 14930682.940741558,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 55.55555555555556,
        "trend_acceleration_pct": -12.577540455369475,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 8.6382,
        "buyer_yoy_all_avg_pct": 42.0725,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 54.92250102447569,
        "market_share_change_1y_pp": -5.946541530849856,
        "peer_best_share_pct": 54.92250102447569,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 11,
        "buyer_market_hhi": 3981.26,
        "distance_km": 3116.63037109375,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.970707391999673,
        "max_drawdown_pct": 96.14654821821827,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 110311,
        "corridor_rank": 40,
        "exporter_iso3": "ESP",
        "importer_iso3": "CIV",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 1311723.2514877613,
        "exports_all_year_avg_usd": 1885775.009856411,
        "exports_avg_3y_usd": 2351988.381193509,
        "exports_avg_5y_usd": 5043007.886087484,
        "exports_avg_10y_usd": 3469807.530192097,
        "exports_cagr_3y_pct": -52.70782372185299,
        "exports_cagr_5y_pct": -8.821589140538288,
        "exports_cagr_10y_pct": -0.1412046530462452,
        "exports_historical_peak_usd": 12401502.858890755,
        "buyer_imports_latest_observed_usd": 27015273.661444183,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 59.25925925925926,
        "trend_acceleration_pct": -52.566619068806745,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -6.5963,
        "buyer_yoy_all_avg_pct": 73.5247,
        "buyer_trend_consistency_pct": 75.8621,
        "market_share_latest_pct": 4.855487558357901,
        "market_share_change_1y_pp": -11.996407244596647,
        "peer_best_share_pct": 73.58367634871358,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 10,
        "buyer_market_hhi": 5691.37,
        "distance_km": 3906.716796875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.07875180067676767,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.3352837405244427,
        "max_drawdown_pct": 92.98356087606626,
        "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']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 110311,
        "corridor_rank": 42,
        "exporter_iso3": "ESP",
        "importer_iso3": "BEL",
        "latest_data_year": 2024,
        "lane_data_years": 24,
        "exports_latest_observed_usd": 1019787.4542152366,
        "exports_all_year_avg_usd": 858334.4809475923,
        "exports_avg_3y_usd": 914352.9829227356,
        "exports_avg_5y_usd": 880111.5672560518,
        "exports_avg_10y_usd": 560066.5588888488,
        "exports_cagr_3y_pct": 10.590815187204704,
        "exports_cagr_5y_pct": 41.528343830998146,
        "exports_cagr_10y_pct": 50.72421488739758,
        "exports_historical_peak_usd": 5026354.372590705,
        "buyer_imports_latest_observed_usd": 24041102.142000515,
        "historical_peak_year": 2000,
        "positive_growth_year_share_pct": 52.17391304347826,
        "trend_acceleration_pct": -40.133399700192875,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -22.4023,
        "buyer_yoy_all_avg_pct": 7.895,
        "buyer_trend_consistency_pct": 68,
        "market_share_latest_pct": 4.241849846116821,
        "market_share_change_1y_pp": 1.289968103372833,
        "peer_best_share_pct": 34.55552264152214,
        "peer_top_exporter": "LUX",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 2461.89,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.720568767178944,
        "max_drawdown_pct": 99.98263279279233,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
        "signal_flag": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 110311,
      "num_markets": 62,
      "highest_price_importer_iso3": "CYP",
      "highest_price_usd_per_ton": 6655.510040963133,
      "lowest_price_importer_iso3": "CMR",
      "lowest_price_usd_per_ton": 252.7081817998604,
      "median_price_across_markets": 776.915044302685,
      "price_spread_pct": 824.1315322848543,
      "avg_quantity_metric_tons": 2302.305024096386,
      "total_trade_value_usd": 199017302
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 19739441.009681825,
        "active_destinations": 23,
        "yoy_growth_pct": -45.83578809148604
      },
      {
        "year": 2011,
        "export_value_usd": 27378276.454148304,
        "active_destinations": 25,
        "yoy_growth_pct": 38.69833720579916
      },
      {
        "year": 2012,
        "export_value_usd": 28310825.74454206,
        "active_destinations": 26,
        "yoy_growth_pct": 3.4061650738151443
      },
      {
        "year": 2013,
        "export_value_usd": 37995478.25847906,
        "active_destinations": 27,
        "yoy_growth_pct": 34.20830109769606
      },
      {
        "year": 2014,
        "export_value_usd": 35127319.16926983,
        "active_destinations": 34,
        "yoy_growth_pct": -7.548685319072596
      },
      {
        "year": 2015,
        "export_value_usd": 40441959.41972469,
        "active_destinations": 36,
        "yoy_growth_pct": 15.129649447044125
      },
      {
        "year": 2016,
        "export_value_usd": 42433699.93101161,
        "active_destinations": 39,
        "yoy_growth_pct": 4.9249357347297416
      },
      {
        "year": 2017,
        "export_value_usd": 33960877.52778248,
        "active_destinations": 40,
        "yoy_growth_pct": -19.967201580357553
      },
      {
        "year": 2018,
        "export_value_usd": 36581027.607377574,
        "active_destinations": 39,
        "yoy_growth_pct": 7.715201344404668
      },
      {
        "year": 2019,
        "export_value_usd": 34013766.587552756,
        "active_destinations": 32,
        "yoy_growth_pct": -7.018012307852879
      },
      {
        "year": 2020,
        "export_value_usd": 42317966.31899152,
        "active_destinations": 34,
        "yoy_growth_pct": 24.414231543758707
      },
      {
        "year": 2021,
        "export_value_usd": 47202507.35952997,
        "active_destinations": 35,
        "yoy_growth_pct": 11.54247584517397
      },
      {
        "year": 2022,
        "export_value_usd": 37203624.64932916,
        "active_destinations": 34,
        "yoy_growth_pct": -21.182948257476582
      },
      {
        "year": 2023,
        "export_value_usd": 48032429.94103109,
        "active_destinations": 35,
        "yoy_growth_pct": 29.106855565206835
      },
      {
        "year": 2024,
        "export_value_usd": 41725407.75886965,
        "active_destinations": 39,
        "yoy_growth_pct": -13.130758093863893
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "ESP",
      "exports_usd": 389951601153.8226,
      "imports_usd": 440055603176.9493,
      "trade_balance_usd": -50104002023.12671,
      "yoy_exports_growth_pct": -3.8987656816749983,
      "yoy_imports_growth_pct": -1.8348334157975543,
      "exports_cagr_3y_pct": 1.5602192255318448,
      "imports_cagr_3y_pct": 2.9666580306946244,
      "export_partner_hhi": 604.5825828475407,
      "export_product_hhi": 52.5584557740159,
      "momentum_score": -2.2610702095129454,
      "risk_score": 3.285705193107783,
      "gdp_million_usd": 1725671.6527421873,
      "gdp_per_capita_usd": 35326.76830692781,
      "population": 48848840,
      "labor_force": 22392.15,
      "investment_rate_pct": 24.25,
      "savings_rate_pct": 21.99,
      "secondary_education_pct": 88.05,
      "tertiary_education_pct": 30.02,
      "total_factor_productivity": 1788.25,
      "trade_openness_pct": 51.047299403937664,
      "exports_gdp_pct": 23.9828956101581,
      "num_active_partners": 270,
      "num_fta_partners": 108,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 5,
      "num_shared_language_partners": 24,
      "avg_partner_distance_km": 6746.572016460906,
      "avg_partner_gdp_million_usd": 533678518.3258193,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 40,
      "pct_partners_shared_language": 8.88888888888889,
      "pct_partners_shared_border": 1.8518518518518516,
      "avg_applied_tariff_pct": 0.12805616369601883,
      "avg_mfn_tariff_pct": 0.13052375531925525,
      "avg_preferential_tariff_pct": 0.02478492349129115,
      "tariff_advantage_pp": 0.1057388318279641,
      "avg_distance_all_partners_km": 6704.091347253092,
      "num_border_partners": 75,
      "num_colonial_partners": 605,
      "avg_substitution_elasticity": -10.891699057348575,
      "pct_products_high_elasticity": 75.94907407407408,
      "pct_products_low_elasticity": 2.662037037037037,
      "real_market_potential": 214756.4728280517,
      "foreign_market_potential": 15747.12902462019
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "110311",
    "hs_description": "Cereal groats and meal: of wheat",
    "hs_chapter": 11,
    "hs_heading": 1103
  },
  "destinations": [
    {
      "hs_code": 110311,
      "corridor_rank": 1,
      "exporter_iso3": "ESP",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 23413002.24362958,
      "exports_all_year_avg_usd": 13312270.847956112,
      "exports_avg_3y_usd": 23645312.320681766,
      "exports_avg_5y_usd": 20315993.614681333,
      "exports_avg_10y_usd": 17576997.665953048,
      "exports_cagr_3y_pct": 16.52462288661396,
      "exports_cagr_5y_pct": 12.216721433714618,
      "exports_cagr_10y_pct": 3.584642404819416,
      "exports_historical_peak_usd": 28120303.298542295,
      "buyer_imports_latest_observed_usd": 59699783.59173084,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 48.275862068965516,
      "trend_acceleration_pct": 12.939980481794546,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -7.2725,
      "buyer_yoy_all_avg_pct": 6.9375,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 39.21790136417273,
      "market_share_change_1y_pp": -4.459390792381036,
      "peer_best_share_pct": 39.21790136417273,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 41,
      "buyer_market_hhi": 2513.28,
      "distance_km": 1054.6563720703125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.40015996251954944,
      "max_drawdown_pct": 46.49393086280314,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 110311,
      "corridor_rank": 14,
      "exporter_iso3": "ESP",
      "importer_iso3": "MLI",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 8200304.49109,
      "exports_all_year_avg_usd": 3784680.3332737377,
      "exports_avg_3y_usd": 8398540.145416437,
      "exports_avg_5y_usd": 8489682.587700645,
      "exports_avg_10y_usd": 7903769.055030838,
      "exports_cagr_3y_pct": -9.45915716464405,
      "exports_cagr_5y_pct": 10.150238140292211,
      "exports_cagr_10y_pct": 3.118383290725424,
      "exports_historical_peak_usd": 11048323.442162234,
      "buyer_imports_latest_observed_usd": 14930682.940741558,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 55.55555555555556,
      "trend_acceleration_pct": -12.577540455369475,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 8.6382,
      "buyer_yoy_all_avg_pct": 42.0725,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 54.92250102447569,
      "market_share_change_1y_pp": -5.946541530849856,
      "peer_best_share_pct": 54.92250102447569,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 11,
      "buyer_market_hhi": 3981.26,
      "distance_km": 3116.63037109375,
      "has_reported_fta": 0,
      "applied_tariff_pct": null,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.970707391999673,
      "max_drawdown_pct": 96.14654821821827,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 110311,
      "corridor_rank": 40,
      "exporter_iso3": "ESP",
      "importer_iso3": "CIV",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 1311723.2514877613,
      "exports_all_year_avg_usd": 1885775.009856411,
      "exports_avg_3y_usd": 2351988.381193509,
      "exports_avg_5y_usd": 5043007.886087484,
      "exports_avg_10y_usd": 3469807.530192097,
      "exports_cagr_3y_pct": -52.70782372185299,
      "exports_cagr_5y_pct": -8.821589140538288,
      "exports_cagr_10y_pct": -0.1412046530462452,
      "exports_historical_peak_usd": 12401502.858890755,
      "buyer_imports_latest_observed_usd": 27015273.661444183,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 59.25925925925926,
      "trend_acceleration_pct": -52.566619068806745,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -6.5963,
      "buyer_yoy_all_avg_pct": 73.5247,
      "buyer_trend_consistency_pct": 75.8621,
      "market_share_latest_pct": 4.855487558357901,
      "market_share_change_1y_pp": -11.996407244596647,
      "peer_best_share_pct": 73.58367634871358,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 10,
      "buyer_market_hhi": 5691.37,
      "distance_km": 3906.716796875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.07875180067676767,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.3352837405244427,
      "max_drawdown_pct": 92.98356087606626,
      "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']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 110311,
      "corridor_rank": 42,
      "exporter_iso3": "ESP",
      "importer_iso3": "BEL",
      "latest_data_year": 2024,
      "lane_data_years": 24,
      "exports_latest_observed_usd": 1019787.4542152366,
      "exports_all_year_avg_usd": 858334.4809475923,
      "exports_avg_3y_usd": 914352.9829227356,
      "exports_avg_5y_usd": 880111.5672560518,
      "exports_avg_10y_usd": 560066.5588888488,
      "exports_cagr_3y_pct": 10.590815187204704,
      "exports_cagr_5y_pct": 41.528343830998146,
      "exports_cagr_10y_pct": 50.72421488739758,
      "exports_historical_peak_usd": 5026354.372590705,
      "buyer_imports_latest_observed_usd": 24041102.142000515,
      "historical_peak_year": 2000,
      "positive_growth_year_share_pct": 52.17391304347826,
      "trend_acceleration_pct": -40.133399700192875,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -22.4023,
      "buyer_yoy_all_avg_pct": 7.895,
      "buyer_trend_consistency_pct": 68,
      "market_share_latest_pct": 4.241849846116821,
      "market_share_change_1y_pp": 1.289968103372833,
      "peer_best_share_pct": 34.55552264152214,
      "peer_top_exporter": "LUX",
      "supplier_count_latest": 21,
      "buyer_market_hhi": 2461.89,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.720568767178944,
      "max_drawdown_pct": 99.98263279279233,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
      "signal_flag": "Slowing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "ESP",
    "hs_code": 110311,
    "num_markets": 62,
    "highest_price_importer_iso3": "CYP",
    "highest_price_usd_per_ton": 6655.510040963133,
    "lowest_price_importer_iso3": "CMR",
    "lowest_price_usd_per_ton": 252.7081817998604,
    "median_price_across_markets": 776.915044302685,
    "price_spread_pct": 824.1315322848543,
    "avg_quantity_metric_tons": 2302.305024096386,
    "total_trade_value_usd": 199017302
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 19739441.009681825,
      "active_destinations": 23,
      "yoy_growth_pct": -45.83578809148604
    },
    {
      "year": 2011,
      "export_value_usd": 27378276.454148304,
      "active_destinations": 25,
      "yoy_growth_pct": 38.69833720579916
    },
    {
      "year": 2012,
      "export_value_usd": 28310825.74454206,
      "active_destinations": 26,
      "yoy_growth_pct": 3.4061650738151443
    },
    {
      "year": 2013,
      "export_value_usd": 37995478.25847906,
      "active_destinations": 27,
      "yoy_growth_pct": 34.20830109769606
    },
    {
      "year": 2014,
      "export_value_usd": 35127319.16926983,
      "active_destinations": 34,
      "yoy_growth_pct": -7.548685319072596
    },
    {
      "year": 2015,
      "export_value_usd": 40441959.41972469,
      "active_destinations": 36,
      "yoy_growth_pct": 15.129649447044125
    },
    {
      "year": 2016,
      "export_value_usd": 42433699.93101161,
      "active_destinations": 39,
      "yoy_growth_pct": 4.9249357347297416
    },
    {
      "year": 2017,
      "export_value_usd": 33960877.52778248,
      "active_destinations": 40,
      "yoy_growth_pct": -19.967201580357553
    },
    {
      "year": 2018,
      "export_value_usd": 36581027.607377574,
      "active_destinations": 39,
      "yoy_growth_pct": 7.715201344404668
    },
    {
      "year": 2019,
      "export_value_usd": 34013766.587552756,
      "active_destinations": 32,
      "yoy_growth_pct": -7.018012307852879
    },
    {
      "year": 2020,
      "export_value_usd": 42317966.31899152,
      "active_destinations": 34,
      "yoy_growth_pct": 24.414231543758707
    },
    {
      "year": 2021,
      "export_value_usd": 47202507.35952997,
      "active_destinations": 35,
      "yoy_growth_pct": 11.54247584517397
    },
    {
      "year": 2022,
      "export_value_usd": 37203624.64932916,
      "active_destinations": 34,
      "yoy_growth_pct": -21.182948257476582
    },
    {
      "year": 2023,
      "export_value_usd": 48032429.94103109,
      "active_destinations": 35,
      "yoy_growth_pct": 29.106855565206835
    },
    {
      "year": 2024,
      "export_value_usd": 41725407.75886965,
      "active_destinations": 39,
      "yoy_growth_pct": -13.130758093863893
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "ESP",
    "exports_usd": 389951601153.8226,
    "imports_usd": 440055603176.9493,
    "trade_balance_usd": -50104002023.12671,
    "yoy_exports_growth_pct": -3.8987656816749983,
    "yoy_imports_growth_pct": -1.8348334157975543,
    "exports_cagr_3y_pct": 1.5602192255318448,
    "imports_cagr_3y_pct": 2.9666580306946244,
    "export_partner_hhi": 604.5825828475407,
    "export_product_hhi": 52.5584557740159,
    "momentum_score": -2.2610702095129454,
    "risk_score": 3.285705193107783,
    "gdp_million_usd": 1725671.6527421873,
    "gdp_per_capita_usd": 35326.76830692781,
    "population": 48848840,
    "labor_force": 22392.15,
    "investment_rate_pct": 24.25,
    "savings_rate_pct": 21.99,
    "secondary_education_pct": 88.05,
    "tertiary_education_pct": 30.02,
    "total_factor_productivity": 1788.25,
    "trade_openness_pct": 51.047299403937664,
    "exports_gdp_pct": 23.9828956101581,
    "num_active_partners": 270,
    "num_fta_partners": 108,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 5,
    "num_shared_language_partners": 24,
    "avg_partner_distance_km": 6746.572016460906,
    "avg_partner_gdp_million_usd": 533678518.3258193,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 40,
    "pct_partners_shared_language": 8.88888888888889,
    "pct_partners_shared_border": 1.8518518518518516,
    "avg_applied_tariff_pct": 0.12805616369601883,
    "avg_mfn_tariff_pct": 0.13052375531925525,
    "avg_preferential_tariff_pct": 0.02478492349129115,
    "tariff_advantage_pp": 0.1057388318279641,
    "avg_distance_all_partners_km": 6704.091347253092,
    "num_border_partners": 75,
    "num_colonial_partners": 605,
    "avg_substitution_elasticity": -10.891699057348575,
    "pct_products_high_elasticity": 75.94907407407408,
    "pct_products_low_elasticity": 2.662037037037037,
    "real_market_potential": 214756.4728280517,
    "foreign_market_potential": 15747.12902462019
  }
}