{
  "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/300120",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/300120",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/300120",
    "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": "300120",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 85,
    "current_lane_count": 39,
    "active_market_count": 39,
    "exports_latest_observed_lanes_usd": 19988242.21596756,
    "exports_current_2024_usd": 17517381.507325713,
    "exports_avg_3y_usd": 16391800.03894628,
    "exports_avg_5y_usd": 16679269.584259212,
    "exports_avg_10y_usd": 12199904.868999677,
    "exports_cagr_3y_pct": 7.499687871563121,
    "exports_cagr_5y_pct": -8.110163826115112,
    "exports_cagr_10y_pct": 7.866625529601312,
    "exports_all_year_lane_avg_usd": 11523160.280065136,
    "exports_historical_lane_peak_usd": 49484904.60676238,
    "historical_peak_year": 2019,
    "positive_growth_year_share_pct": 48.275862068965516,
    "trend_acceleration_pct": -0.3669376580381911,
    "trend_label": "Growing",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 12267488.022524538,
    "top_market_share_pct": 61.37352094285051,
    "destination_hhi": 3987.523737864442,
    "weighted_share_latest_pct": 39.870681223574785,
    "weighted_share_change_1y_pp": 17.638035959333816,
    "weighted_volatility_cv": 1.3211157972659844,
    "weighted_max_drawdown_pct": 90.52429998252322,
    "limited_history_lane_share_pct": 45.88235294117647,
    "data_freshness_years": 0,
    "coverage_score": 99.5,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 300120,
      "hs_description": "Glands and other organs: extracts of glands or other organs or of their secretions, for organo-therapeutic uses",
      "hs_chapter": 30,
      "hs_heading": 3001,
      "substitution_elasticity": -57.247448,
      "price_range_label": "High price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Glands and other organs: extracts of glands or other organs or of their secretions, for organo-therapeutic uses",
    "hs_chapter": 30,
    "hs_heading": 3001,
    "destinations": [
      {
        "hs_code": 300120,
        "corridor_rank": 4,
        "exporter_iso3": "ESP",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 12267488.022524538,
        "exports_all_year_avg_usd": 2710063.802457605,
        "exports_avg_3y_usd": 10446818.8332733,
        "exports_avg_5y_usd": 9645617.906736564,
        "exports_avg_10y_usd": 5569458.125457399,
        "exports_cagr_3y_pct": 8.318772429662857,
        "exports_cagr_5y_pct": 10.7758836437299,
        "exports_cagr_10y_pct": 43.11865176604124,
        "exports_historical_peak_usd": 12267488.022524538,
        "buyer_imports_latest_observed_usd": 30794709.480454914,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 50,
        "trend_acceleration_pct": -34.79987933637838,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -29.9893,
        "buyer_yoy_all_avg_pct": 20.2243,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 39.83634926093584,
        "market_share_change_1y_pp": 17.7978466970001,
        "peer_best_share_pct": 39.83634926093583,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 46,
        "buyer_market_hhi": 2137.89,
        "distance_km": 5770.26416015625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.04674475463696969,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.533847985866905,
        "max_drawdown_pct": 100,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 300120,
        "corridor_rank": 24,
        "exporter_iso3": "ESP",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 1319257.6596070256,
        "exports_all_year_avg_usd": 399259.5096393817,
        "exports_avg_3y_usd": 1718504.2076930376,
        "exports_avg_5y_usd": 1387675.2946635294,
        "exports_avg_10y_usd": 895528.081079225,
        "exports_cagr_3y_pct": 46.93015781392813,
        "exports_cagr_5y_pct": 3.2234369778382455,
        "exports_cagr_10y_pct": 37.97567528434727,
        "exports_historical_peak_usd": 2082755.6947670444,
        "buyer_imports_latest_observed_usd": 24806121.91149774,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 8.954482529580865,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -51.135,
        "buyer_yoy_all_avg_pct": 21.2477,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 5.318274514306665,
        "market_share_change_1y_pp": 1.8640977265380294,
        "peer_best_share_pct": 34.37773457459805,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 95,
        "buyer_market_hhi": 1750.3,
        "distance_km": 1479.33154296875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.472517689501263,
        "max_drawdown_pct": 98.10315388091205,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 300120,
        "corridor_rank": 37,
        "exporter_iso3": "ESP",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 704185.4492624543,
        "exports_all_year_avg_usd": 1961409.152646919,
        "exports_avg_3y_usd": 1073663.5355349977,
        "exports_avg_5y_usd": 1089406.6996197414,
        "exports_avg_10y_usd": 811589.3092123842,
        "exports_cagr_3y_pct": -17.050489768451747,
        "exports_cagr_5y_pct": 6.8136812176495365,
        "exports_cagr_10y_pct": 1.5274861673839846,
        "exports_historical_peak_usd": 5040873.330945959,
        "buyer_imports_latest_observed_usd": 22531986.34280016,
        "historical_peak_year": 2009,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -18.57797593583573,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -26.6464,
        "buyer_yoy_all_avg_pct": 7.1005,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 3.125270176135486,
        "market_share_change_1y_pp": 1.5186365095556007,
        "peer_best_share_pct": 67.63584802157334,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 5178.28,
        "distance_km": 1366.760498046875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.715592237887957,
        "max_drawdown_pct": 96.55152815720777,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 300120,
        "corridor_rank": 81,
        "exporter_iso3": "ESP",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 11,
        "exports_latest_observed_usd": 130893.26821427316,
        "exports_all_year_avg_usd": 62844.23956589717,
        "exports_avg_3y_usd": 117413.69655986824,
        "exports_avg_5y_usd": 132838.54062268508,
        "exports_avg_10y_usd": 86345.99648300384,
        "exports_cagr_3y_pct": -3.0177718136852105,
        "exports_cagr_5y_pct": 43.47092873419696,
        "exports_cagr_10y_pct": 76.95955181446155,
        "exports_historical_peak_usd": 168455.26890724618,
        "buyer_imports_latest_observed_usd": 18212464.887777355,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 50,
        "trend_acceleration_pct": -79.97732362814676,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 1.0105,
        "buyer_yoy_all_avg_pct": 29.6897,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 0.7187015542422132,
        "market_share_change_1y_pp": 0.12255818481397873,
        "peer_best_share_pct": 70.63155251679923,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 29,
        "buyer_market_hhi": 5174.03,
        "distance_km": 9232.298828125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30189875567878793,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0473529477571275,
        "max_drawdown_pct": 63.75412851058395,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 300120,
        "corridor_rank": 95,
        "exporter_iso3": "ESP",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 16,
        "exports_latest_observed_usd": 70936.73157764648,
        "exports_all_year_avg_usd": 282582.04976446426,
        "exports_avg_3y_usd": 198073.03056956246,
        "exports_avg_5y_usd": 373985.0032217174,
        "exports_avg_10y_usd": 446665.3647877396,
        "exports_cagr_3y_pct": -45.24869222269366,
        "exports_cagr_5y_pct": -42.06894201334963,
        "exports_cagr_10y_pct": 40.657660982901,
        "exports_historical_peak_usd": 1087211.0913138597,
        "buyer_imports_latest_observed_usd": 22842024.65737457,
        "historical_peak_year": 2019,
        "positive_growth_year_share_pct": 46.666666666666664,
        "trend_acceleration_pct": -85.90635320559466,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -8.5795,
        "buyer_yoy_all_avg_pct": 9.3924,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 0.31055360740425647,
        "market_share_change_1y_pp": -0.5699385936508514,
        "peer_best_share_pct": 54.923056103858144,
        "peer_top_exporter": "DNK",
        "supplier_count_latest": 24,
        "buyer_market_hhi": 3700.22,
        "distance_km": 10777.423828125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.039966357792484856,
        "tariff_advantage_pp": 0.030413669105984857,
        "volatility_cv": 1.154895453042583,
        "max_drawdown_pct": 93.4753487943246,
        "attention_level": "Watch",
        "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','buyer_macro_weakness']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 300120,
      "num_markets": 49,
      "highest_price_importer_iso3": "BRA",
      "highest_price_usd_per_ton": 158174000,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 100,
      "median_price_across_markets": 124345.58823529411,
      "price_spread_pct": 127205.0759860446,
      "avg_quantity_metric_tons": 27.380328358208946,
      "total_trade_value_usd": 93415365
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 7379541.823491251,
        "active_destinations": 25,
        "yoy_growth_pct": -26.23114938467561
      },
      {
        "year": 2011,
        "export_value_usd": 2109040.7753516384,
        "active_destinations": 26,
        "yoy_growth_pct": -71.42043739574805
      },
      {
        "year": 2012,
        "export_value_usd": 1234083.260039314,
        "active_destinations": 25,
        "yoy_growth_pct": -41.486040741267495
      },
      {
        "year": 2013,
        "export_value_usd": 1231342.7155942274,
        "active_destinations": 27,
        "yoy_growth_pct": -0.22207127621188205
      },
      {
        "year": 2014,
        "export_value_usd": 8214823.986637629,
        "active_destinations": 33,
        "yoy_growth_pct": 567.143589075709
      },
      {
        "year": 2015,
        "export_value_usd": 1510307.4375621066,
        "active_destinations": 23,
        "yoy_growth_pct": -81.61485334294687
      },
      {
        "year": 2016,
        "export_value_usd": 2070227.3029749498,
        "active_destinations": 23,
        "yoy_growth_pct": 37.07323763939408
      },
      {
        "year": 2017,
        "export_value_usd": 2468515.1852321364,
        "active_destinations": 26,
        "yoy_growth_pct": 19.238847912248115
      },
      {
        "year": 2018,
        "export_value_usd": 5815473.326914726,
        "active_destinations": 27,
        "yoy_growth_pct": 135.5858842475723
      },
      {
        "year": 2019,
        "export_value_usd": 26738177.51601678,
        "active_destinations": 30,
        "yoy_growth_pct": 359.77646208554006
      },
      {
        "year": 2020,
        "export_value_usd": 20120023.583398964,
        "active_destinations": 31,
        "yoy_growth_pct": -24.751701676950088
      },
      {
        "year": 2021,
        "export_value_usd": 14100924.221058263,
        "active_destinations": 28,
        "yoy_growth_pct": -29.915965741248247
      },
      {
        "year": 2022,
        "export_value_usd": 16606860.918985136,
        "active_destinations": 33,
        "yoy_growth_pct": 17.771435819678526
      },
      {
        "year": 2023,
        "export_value_usd": 15051157.69052799,
        "active_destinations": 33,
        "yoy_growth_pct": -9.367834391137999
      },
      {
        "year": 2024,
        "export_value_usd": 17517381.507325716,
        "active_destinations": 39,
        "yoy_growth_pct": 16.385608785095464
      }
    ],
    "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": "300120",
    "hs_description": "Glands and other organs: extracts of glands or other organs or of their secretions, for organo-therapeutic uses",
    "hs_chapter": 30,
    "hs_heading": 3001
  },
  "destinations": [
    {
      "hs_code": 300120,
      "corridor_rank": 4,
      "exporter_iso3": "ESP",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 12267488.022524538,
      "exports_all_year_avg_usd": 2710063.802457605,
      "exports_avg_3y_usd": 10446818.8332733,
      "exports_avg_5y_usd": 9645617.906736564,
      "exports_avg_10y_usd": 5569458.125457399,
      "exports_cagr_3y_pct": 8.318772429662857,
      "exports_cagr_5y_pct": 10.7758836437299,
      "exports_cagr_10y_pct": 43.11865176604124,
      "exports_historical_peak_usd": 12267488.022524538,
      "buyer_imports_latest_observed_usd": 30794709.480454914,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 50,
      "trend_acceleration_pct": -34.79987933637838,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -29.9893,
      "buyer_yoy_all_avg_pct": 20.2243,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 39.83634926093584,
      "market_share_change_1y_pp": 17.7978466970001,
      "peer_best_share_pct": 39.83634926093583,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 46,
      "buyer_market_hhi": 2137.89,
      "distance_km": 5770.26416015625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.04674475463696969,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.533847985866905,
      "max_drawdown_pct": 100,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 300120,
      "corridor_rank": 24,
      "exporter_iso3": "ESP",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 1319257.6596070256,
      "exports_all_year_avg_usd": 399259.5096393817,
      "exports_avg_3y_usd": 1718504.2076930376,
      "exports_avg_5y_usd": 1387675.2946635294,
      "exports_avg_10y_usd": 895528.081079225,
      "exports_cagr_3y_pct": 46.93015781392813,
      "exports_cagr_5y_pct": 3.2234369778382455,
      "exports_cagr_10y_pct": 37.97567528434727,
      "exports_historical_peak_usd": 2082755.6947670444,
      "buyer_imports_latest_observed_usd": 24806121.91149774,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 8.954482529580865,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -51.135,
      "buyer_yoy_all_avg_pct": 21.2477,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 5.318274514306665,
      "market_share_change_1y_pp": 1.8640977265380294,
      "peer_best_share_pct": 34.37773457459805,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 95,
      "buyer_market_hhi": 1750.3,
      "distance_km": 1479.33154296875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.472517689501263,
      "max_drawdown_pct": 98.10315388091205,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 300120,
      "corridor_rank": 37,
      "exporter_iso3": "ESP",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 704185.4492624543,
      "exports_all_year_avg_usd": 1961409.152646919,
      "exports_avg_3y_usd": 1073663.5355349977,
      "exports_avg_5y_usd": 1089406.6996197414,
      "exports_avg_10y_usd": 811589.3092123842,
      "exports_cagr_3y_pct": -17.050489768451747,
      "exports_cagr_5y_pct": 6.8136812176495365,
      "exports_cagr_10y_pct": 1.5274861673839846,
      "exports_historical_peak_usd": 5040873.330945959,
      "buyer_imports_latest_observed_usd": 22531986.34280016,
      "historical_peak_year": 2009,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -18.57797593583573,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -26.6464,
      "buyer_yoy_all_avg_pct": 7.1005,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 3.125270176135486,
      "market_share_change_1y_pp": 1.5186365095556007,
      "peer_best_share_pct": 67.63584802157334,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 21,
      "buyer_market_hhi": 5178.28,
      "distance_km": 1366.760498046875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.715592237887957,
      "max_drawdown_pct": 96.55152815720777,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Slowing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 300120,
      "corridor_rank": 81,
      "exporter_iso3": "ESP",
      "importer_iso3": "CHN",
      "latest_data_year": 2024,
      "lane_data_years": 11,
      "exports_latest_observed_usd": 130893.26821427316,
      "exports_all_year_avg_usd": 62844.23956589717,
      "exports_avg_3y_usd": 117413.69655986824,
      "exports_avg_5y_usd": 132838.54062268508,
      "exports_avg_10y_usd": 86345.99648300384,
      "exports_cagr_3y_pct": -3.0177718136852105,
      "exports_cagr_5y_pct": 43.47092873419696,
      "exports_cagr_10y_pct": 76.95955181446155,
      "exports_historical_peak_usd": 168455.26890724618,
      "buyer_imports_latest_observed_usd": 18212464.887777355,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 50,
      "trend_acceleration_pct": -79.97732362814676,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 1.0105,
      "buyer_yoy_all_avg_pct": 29.6897,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 0.7187015542422132,
      "market_share_change_1y_pp": 0.12255818481397873,
      "peer_best_share_pct": 70.63155251679923,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 29,
      "buyer_market_hhi": 5174.03,
      "distance_km": 9232.298828125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.30189875567878793,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.0473529477571275,
      "max_drawdown_pct": 63.75412851058395,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 300120,
      "corridor_rank": 95,
      "exporter_iso3": "ESP",
      "importer_iso3": "JPN",
      "latest_data_year": 2024,
      "lane_data_years": 16,
      "exports_latest_observed_usd": 70936.73157764648,
      "exports_all_year_avg_usd": 282582.04976446426,
      "exports_avg_3y_usd": 198073.03056956246,
      "exports_avg_5y_usd": 373985.0032217174,
      "exports_avg_10y_usd": 446665.3647877396,
      "exports_cagr_3y_pct": -45.24869222269366,
      "exports_cagr_5y_pct": -42.06894201334963,
      "exports_cagr_10y_pct": 40.657660982901,
      "exports_historical_peak_usd": 1087211.0913138597,
      "buyer_imports_latest_observed_usd": 22842024.65737457,
      "historical_peak_year": 2019,
      "positive_growth_year_share_pct": 46.666666666666664,
      "trend_acceleration_pct": -85.90635320559466,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -8.5795,
      "buyer_yoy_all_avg_pct": 9.3924,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 0.31055360740425647,
      "market_share_change_1y_pp": -0.5699385936508514,
      "peer_best_share_pct": 54.923056103858144,
      "peer_top_exporter": "DNK",
      "supplier_count_latest": 24,
      "buyer_market_hhi": 3700.22,
      "distance_km": 10777.423828125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.039966357792484856,
      "tariff_advantage_pp": 0.030413669105984857,
      "volatility_cv": 1.154895453042583,
      "max_drawdown_pct": 93.4753487943246,
      "attention_level": "Watch",
      "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','buyer_macro_weakness']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "ESP",
    "hs_code": 300120,
    "num_markets": 49,
    "highest_price_importer_iso3": "BRA",
    "highest_price_usd_per_ton": 158174000,
    "lowest_price_importer_iso3": "AGO",
    "lowest_price_usd_per_ton": 100,
    "median_price_across_markets": 124345.58823529411,
    "price_spread_pct": 127205.0759860446,
    "avg_quantity_metric_tons": 27.380328358208946,
    "total_trade_value_usd": 93415365
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 7379541.823491251,
      "active_destinations": 25,
      "yoy_growth_pct": -26.23114938467561
    },
    {
      "year": 2011,
      "export_value_usd": 2109040.7753516384,
      "active_destinations": 26,
      "yoy_growth_pct": -71.42043739574805
    },
    {
      "year": 2012,
      "export_value_usd": 1234083.260039314,
      "active_destinations": 25,
      "yoy_growth_pct": -41.486040741267495
    },
    {
      "year": 2013,
      "export_value_usd": 1231342.7155942274,
      "active_destinations": 27,
      "yoy_growth_pct": -0.22207127621188205
    },
    {
      "year": 2014,
      "export_value_usd": 8214823.986637629,
      "active_destinations": 33,
      "yoy_growth_pct": 567.143589075709
    },
    {
      "year": 2015,
      "export_value_usd": 1510307.4375621066,
      "active_destinations": 23,
      "yoy_growth_pct": -81.61485334294687
    },
    {
      "year": 2016,
      "export_value_usd": 2070227.3029749498,
      "active_destinations": 23,
      "yoy_growth_pct": 37.07323763939408
    },
    {
      "year": 2017,
      "export_value_usd": 2468515.1852321364,
      "active_destinations": 26,
      "yoy_growth_pct": 19.238847912248115
    },
    {
      "year": 2018,
      "export_value_usd": 5815473.326914726,
      "active_destinations": 27,
      "yoy_growth_pct": 135.5858842475723
    },
    {
      "year": 2019,
      "export_value_usd": 26738177.51601678,
      "active_destinations": 30,
      "yoy_growth_pct": 359.77646208554006
    },
    {
      "year": 2020,
      "export_value_usd": 20120023.583398964,
      "active_destinations": 31,
      "yoy_growth_pct": -24.751701676950088
    },
    {
      "year": 2021,
      "export_value_usd": 14100924.221058263,
      "active_destinations": 28,
      "yoy_growth_pct": -29.915965741248247
    },
    {
      "year": 2022,
      "export_value_usd": 16606860.918985136,
      "active_destinations": 33,
      "yoy_growth_pct": 17.771435819678526
    },
    {
      "year": 2023,
      "export_value_usd": 15051157.69052799,
      "active_destinations": 33,
      "yoy_growth_pct": -9.367834391137999
    },
    {
      "year": 2024,
      "export_value_usd": 17517381.507325716,
      "active_destinations": 39,
      "yoy_growth_pct": 16.385608785095464
    }
  ],
  "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
  }
}