{
  "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/910111",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/910111",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/910111",
    "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": "910111",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 134,
    "current_lane_count": 71,
    "active_market_count": 71,
    "exports_latest_observed_lanes_usd": 21491275.358614046,
    "exports_current_2024_usd": 20960897.27160601,
    "exports_avg_3y_usd": 25085982.049853534,
    "exports_avg_5y_usd": 21169758.07478078,
    "exports_avg_10y_usd": 18781521.810482044,
    "exports_cagr_3y_pct": 5.912145756631948,
    "exports_cagr_5y_pct": 10.39217331897737,
    "exports_cagr_10y_pct": 1.0527985351169056,
    "exports_all_year_lane_avg_usd": 19515868.936338972,
    "exports_historical_lane_peak_usd": 76092506.02989423,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 55.172413793103445,
    "trend_acceleration_pct": 4.859347221515042,
    "trend_label": "Growing",
    "top_market_iso3": "HKG",
    "top_market_exports_usd": 3298594.286266838,
    "top_market_share_pct": 15.34852739646607,
    "destination_hhi": 984.801432268001,
    "weighted_share_latest_pct": 6.293307977203865,
    "weighted_share_change_1y_pp": 1.9521278779002487,
    "weighted_volatility_cv": 0.9808005882086919,
    "weighted_max_drawdown_pct": 94.00516299328012,
    "limited_history_lane_share_pct": 30.597014925373134,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 910111,
      "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with mechanical display only",
      "hs_chapter": 91,
      "hs_heading": 9101,
      "substitution_elasticity": -13.183624,
      "price_range_label": "Unclassified",
      "trade_type_label": "Two-way trade"
    },
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with mechanical display only",
    "hs_chapter": 91,
    "hs_heading": 9101,
    "destinations": [
      {
        "hs_code": 910111,
        "corridor_rank": 95,
        "exporter_iso3": "ESP",
        "importer_iso3": "HKG",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 3298594.286266838,
        "exports_all_year_avg_usd": 2640163.1490915446,
        "exports_avg_3y_usd": 4492106.085621533,
        "exports_avg_5y_usd": 4851972.675762026,
        "exports_avg_10y_usd": 4347765.450074872,
        "exports_cagr_3y_pct": -18.61680577541206,
        "exports_cagr_5y_pct": -4.268620812678137,
        "exports_cagr_10y_pct": -5.851766401159053,
        "exports_historical_peak_usd": 12430561.970928898,
        "buyer_imports_latest_observed_usd": 358530739.7232038,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -12.765039374253007,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -4.4637,
        "buyer_yoy_all_avg_pct": 10.0001,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 0.9200310937950394,
        "market_share_change_1y_pp": -1.7395001264174508,
        "peer_best_share_pct": 32.82785401517402,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 1962.88,
        "distance_km": 10551.060546875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1220950464866475,
        "max_drawdown_pct": 98.41542670523296,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','long_distance_without_fta']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 910111,
        "corridor_rank": 96,
        "exporter_iso3": "ESP",
        "importer_iso3": "PRT",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 3062105.6602783827,
        "exports_all_year_avg_usd": 3063268.269114723,
        "exports_avg_3y_usd": 2794214.376592145,
        "exports_avg_5y_usd": 2090951.4751115567,
        "exports_avg_10y_usd": 1811425.9884777963,
        "exports_cagr_3y_pct": 39.86256100053451,
        "exports_cagr_5y_pct": 20.36447031586157,
        "exports_cagr_10y_pct": 1.4110458056087571,
        "exports_historical_peak_usd": 12021278.598100953,
        "buyer_imports_latest_observed_usd": 11069272.623596761,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": 38.451515194925754,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -26.1021,
        "buyer_yoy_all_avg_pct": 9.9569,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 27.66311540426589,
        "market_share_change_1y_pp": 10.468172210806554,
        "peer_best_share_pct": 42.4138975765816,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 32,
        "buyer_market_hhi": 2847.83,
        "distance_km": 500.9222717285156,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.9635379477216356,
        "max_drawdown_pct": 92.07327645556128,
        "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']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 910111,
        "corridor_rank": 97,
        "exporter_iso3": "ESP",
        "importer_iso3": "CHE",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 2990049.1175168366,
        "exports_all_year_avg_usd": 3882319.1244798927,
        "exports_avg_3y_usd": 5118934.556624134,
        "exports_avg_5y_usd": 3857447.584907328,
        "exports_avg_10y_usd": 3960786.2367482977,
        "exports_cagr_3y_pct": 4.927371044832274,
        "exports_cagr_5y_pct": 6.122605837526529,
        "exports_cagr_10y_pct": -0.08345579720275831,
        "exports_historical_peak_usd": 9895246.03429018,
        "buyer_imports_latest_observed_usd": 381120878.44456655,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 51.724137931034484,
        "trend_acceleration_pct": 5.010826842035032,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -7.8277,
        "buyer_yoy_all_avg_pct": 6.8015,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 0.7845408862720527,
        "market_share_change_1y_pp": 0.18681792916722395,
        "peer_best_share_pct": 23.684858084521995,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 69,
        "buyer_market_hhi": 1040.37,
        "distance_km": 1153.11669921875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.012764303815058584,
        "tariff_advantage_pp": -0.020929647224547474,
        "volatility_cv": 0.5509352386383537,
        "max_drawdown_pct": 82.99442738241561,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 910111,
      "num_markets": 100,
      "highest_price_importer_iso3": "CHE",
      "highest_price_usd_per_ton": 724230000,
      "lowest_price_importer_iso3": "NGA",
      "lowest_price_usd_per_ton": 683.2476727887,
      "median_price_across_markets": 864000,
      "price_spread_pct": 83822.83758707492,
      "avg_quantity_metric_tons": 0.3126339869281044,
      "total_trade_value_usd": 113771470
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 20928481.51070914,
        "active_destinations": 57,
        "yoy_growth_pct": 2.8591210175374826
      },
      {
        "year": 2011,
        "export_value_usd": 14253605.743892726,
        "active_destinations": 67,
        "yoy_growth_pct": -31.893741375363856
      },
      {
        "year": 2012,
        "export_value_usd": 14397150.381445637,
        "active_destinations": 63,
        "yoy_growth_pct": 1.0070759647215324
      },
      {
        "year": 2013,
        "export_value_usd": 27020315.349707622,
        "active_destinations": 52,
        "yoy_growth_pct": 87.67821849336325
      },
      {
        "year": 2014,
        "export_value_usd": 18876714.9055821,
        "active_destinations": 56,
        "yoy_growth_pct": -30.138806075087647
      },
      {
        "year": 2015,
        "export_value_usd": 21957441.683357663,
        "active_destinations": 44,
        "yoy_growth_pct": 16.320248481713048
      },
      {
        "year": 2016,
        "export_value_usd": 16602703.158389417,
        "active_destinations": 57,
        "yoy_growth_pct": -24.386896261356327
      },
      {
        "year": 2017,
        "export_value_usd": 17799097.397828378,
        "active_destinations": 76,
        "yoy_growth_pct": 7.2060207788176776
      },
      {
        "year": 2018,
        "export_value_usd": 12821663.838720195,
        "active_destinations": 82,
        "yoy_growth_pct": -27.964527907552583
      },
      {
        "year": 2019,
        "export_value_usd": 12785521.652620861,
        "active_destinations": 64,
        "yoy_growth_pct": -0.28188374421569024
      },
      {
        "year": 2020,
        "export_value_usd": 12947838.744492037,
        "active_destinations": 54,
        "yoy_growth_pct": 1.2695382815131604
      },
      {
        "year": 2021,
        "export_value_usd": 17643005.479851253,
        "active_destinations": 70,
        "yoy_growth_pct": 36.26216566341253
      },
      {
        "year": 2022,
        "export_value_usd": 27380187.60330046,
        "active_destinations": 82,
        "yoy_growth_pct": 55.19004193797541
      },
      {
        "year": 2023,
        "export_value_usd": 26916861.27465414,
        "active_destinations": 73,
        "yoy_growth_pct": -1.6921955954402248
      },
      {
        "year": 2024,
        "export_value_usd": 20960897.271606002,
        "active_destinations": 71,
        "yoy_growth_pct": -22.12726046426699
      }
    ],
    "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": "910111",
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or of metal clad with precious metal, with mechanical display only",
    "hs_chapter": 91,
    "hs_heading": 9101
  },
  "destinations": [
    {
      "hs_code": 910111,
      "corridor_rank": 95,
      "exporter_iso3": "ESP",
      "importer_iso3": "HKG",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 3298594.286266838,
      "exports_all_year_avg_usd": 2640163.1490915446,
      "exports_avg_3y_usd": 4492106.085621533,
      "exports_avg_5y_usd": 4851972.675762026,
      "exports_avg_10y_usd": 4347765.450074872,
      "exports_cagr_3y_pct": -18.61680577541206,
      "exports_cagr_5y_pct": -4.268620812678137,
      "exports_cagr_10y_pct": -5.851766401159053,
      "exports_historical_peak_usd": 12430561.970928898,
      "buyer_imports_latest_observed_usd": 358530739.7232038,
      "historical_peak_year": 2013,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -12.765039374253007,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -4.4637,
      "buyer_yoy_all_avg_pct": 10.0001,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 0.9200310937950394,
      "market_share_change_1y_pp": -1.7395001264174508,
      "peer_best_share_pct": 32.82785401517402,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 1962.88,
      "distance_km": 10551.060546875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.1220950464866475,
      "max_drawdown_pct": 98.41542670523296,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','long_distance_without_fta']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 910111,
      "corridor_rank": 96,
      "exporter_iso3": "ESP",
      "importer_iso3": "PRT",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 3062105.6602783827,
      "exports_all_year_avg_usd": 3063268.269114723,
      "exports_avg_3y_usd": 2794214.376592145,
      "exports_avg_5y_usd": 2090951.4751115567,
      "exports_avg_10y_usd": 1811425.9884777963,
      "exports_cagr_3y_pct": 39.86256100053451,
      "exports_cagr_5y_pct": 20.36447031586157,
      "exports_cagr_10y_pct": 1.4110458056087571,
      "exports_historical_peak_usd": 12021278.598100953,
      "buyer_imports_latest_observed_usd": 11069272.623596761,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": 38.451515194925754,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -26.1021,
      "buyer_yoy_all_avg_pct": 9.9569,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 27.66311540426589,
      "market_share_change_1y_pp": 10.468172210806554,
      "peer_best_share_pct": 42.4138975765816,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 32,
      "buyer_market_hhi": 2847.83,
      "distance_km": 500.9222717285156,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.9635379477216356,
      "max_drawdown_pct": 92.07327645556128,
      "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']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 910111,
      "corridor_rank": 97,
      "exporter_iso3": "ESP",
      "importer_iso3": "CHE",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 2990049.1175168366,
      "exports_all_year_avg_usd": 3882319.1244798927,
      "exports_avg_3y_usd": 5118934.556624134,
      "exports_avg_5y_usd": 3857447.584907328,
      "exports_avg_10y_usd": 3960786.2367482977,
      "exports_cagr_3y_pct": 4.927371044832274,
      "exports_cagr_5y_pct": 6.122605837526529,
      "exports_cagr_10y_pct": -0.08345579720275831,
      "exports_historical_peak_usd": 9895246.03429018,
      "buyer_imports_latest_observed_usd": 381120878.44456655,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 51.724137931034484,
      "trend_acceleration_pct": 5.010826842035032,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -7.8277,
      "buyer_yoy_all_avg_pct": 6.8015,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 0.7845408862720527,
      "market_share_change_1y_pp": 0.18681792916722395,
      "peer_best_share_pct": 23.684858084521995,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 69,
      "buyer_market_hhi": 1040.37,
      "distance_km": 1153.11669921875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.012764303815058584,
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      "volatility_cv": 0.5509352386383537,
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      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
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