{
  "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/910119",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/910119",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/910119",
    "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": "910119",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 143,
    "current_lane_count": 57,
    "active_market_count": 57,
    "exports_latest_observed_lanes_usd": 12661434.994661223,
    "exports_current_2024_usd": 12532714.79355851,
    "exports_avg_3y_usd": 10721986.048476232,
    "exports_avg_5y_usd": 8969145.824231865,
    "exports_avg_10y_usd": 8482308.80940536,
    "exports_cagr_3y_pct": 24.585874617201497,
    "exports_cagr_5y_pct": 16.63770259960311,
    "exports_cagr_10y_pct": -4.906431399016887,
    "exports_all_year_lane_avg_usd": 7850356.191353028,
    "exports_historical_lane_peak_usd": 41545965.859190084,
    "historical_peak_year": 2014,
    "positive_growth_year_share_pct": 51.724137931034484,
    "trend_acceleration_pct": 29.492306016218386,
    "trend_label": "Rapid growth",
    "top_market_iso3": "HKG",
    "top_market_exports_usd": 6112622.6873460375,
    "top_market_share_pct": 48.27748742479399,
    "destination_hhi": 3375.903771442091,
    "weighted_share_latest_pct": 21.071382667614195,
    "weighted_share_change_1y_pp": 3.2876106107585077,
    "weighted_volatility_cv": 1.4256300536940334,
    "weighted_max_drawdown_pct": 97.36161512717997,
    "limited_history_lane_share_pct": 32.16783216783217,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 910119,
      "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
      "hs_chapter": 91,
      "hs_heading": 9101,
      "substitution_elasticity": -9.9064913,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
    "hs_chapter": 91,
    "hs_heading": 9101,
    "destinations": [
      {
        "hs_code": 910119,
        "corridor_rank": 8,
        "exporter_iso3": "ESP",
        "importer_iso3": "HKG",
        "latest_data_year": 2024,
        "lane_data_years": 27,
        "exports_latest_observed_usd": 6112622.6873460375,
        "exports_all_year_avg_usd": 1493497.50789583,
        "exports_avg_3y_usd": 3785013.827958105,
        "exports_avg_5y_usd": 2502291.1849573404,
        "exports_avg_10y_usd": 1464873.686632184,
        "exports_cagr_3y_pct": 157.89093396418542,
        "exports_cagr_5y_pct": 71.63197069253194,
        "exports_cagr_10y_pct": 9.894989827827017,
        "exports_historical_peak_usd": 10237815.567143612,
        "buyer_imports_latest_observed_usd": 24313834.823785216,
        "historical_peak_year": 2010,
        "positive_growth_year_share_pct": 53.84615384615385,
        "trend_acceleration_pct": 147.99594413635842,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -3.424,
        "buyer_yoy_all_avg_pct": 4.9019,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 25.140512517450812,
        "market_share_change_1y_pp": 9.596330494076359,
        "peer_best_share_pct": 25.140512517450812,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 1321.46,
        "distance_km": 10551.060546875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.5393129303298219,
        "max_drawdown_pct": 99.7044047139279,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','long_distance_without_fta']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 910119,
        "corridor_rank": 12,
        "exporter_iso3": "ESP",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 3996117.439090283,
        "exports_all_year_avg_usd": 1159678.0045755191,
        "exports_avg_3y_usd": 4133288.1937875245,
        "exports_avg_5y_usd": 3202873.2220681114,
        "exports_avg_10y_usd": 2037345.6243164744,
        "exports_cagr_3y_pct": 28.452314703341198,
        "exports_cagr_5y_pct": 23.37038295863323,
        "exports_cagr_10y_pct": -4.100657256431606,
        "exports_historical_peak_usd": 6074099.977146006,
        "buyer_imports_latest_observed_usd": 17798385.361645747,
        "historical_peak_year": 2014,
        "positive_growth_year_share_pct": 65.51724137931035,
        "trend_acceleration_pct": 32.552971959772805,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 46.0566,
        "buyer_yoy_all_avg_pct": 14.2835,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 22.45213460599427,
        "market_share_change_1y_pp": -5.763242111299519,
        "peer_best_share_pct": 22.45213460599427,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 36,
        "buyer_market_hhi": 1406.59,
        "distance_km": 1366.760498046875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.376748080135714,
        "max_drawdown_pct": 95.87090860272737,
        "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": 910119,
        "corridor_rank": 45,
        "exporter_iso3": "ESP",
        "importer_iso3": "MAC",
        "latest_data_year": 2024,
        "lane_data_years": 5,
        "exports_latest_observed_usd": 361722.41421359684,
        "exports_all_year_avg_usd": 123921.64150342043,
        "exports_avg_3y_usd": 226934.22913196322,
        "exports_avg_5y_usd": 226934.22913196322,
        "exports_avg_10y_usd": 151312.21866835273,
        "exports_cagr_3y_pct": 1643.9544743956524,
        "exports_cagr_5y_pct": 455.80325537748604,
        "exports_cagr_10y_pct": 13.049864962839708,
        "exports_historical_peak_usd": 361722.41421359684,
        "buyer_imports_latest_observed_usd": 34507902.013685495,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 75,
        "trend_acceleration_pct": 1630.9046094328125,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -29.4967,
        "buyer_yoy_all_avg_pct": 300.3325,
        "buyer_trend_consistency_pct": 59.2593,
        "market_share_latest_pct": 1.0482306750208734,
        "market_share_change_1y_pp": 0.8599665830229135,
        "peer_best_share_pct": 97.19322156227226,
        "peer_top_exporter": "CHE",
        "supplier_count_latest": 15,
        "buyer_market_hhi": 9448.87,
        "distance_km": 10509.6416015625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0037265148808323,
        "max_drawdown_pct": 99.93571716104202,
        "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','buyer_macro_weakness']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 910119,
        "corridor_rank": 49,
        "exporter_iso3": "ESP",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 29,
        "exports_latest_observed_usd": 319521.16471115744,
        "exports_all_year_avg_usd": 165131.62225940023,
        "exports_avg_3y_usd": 130663.28508598807,
        "exports_avg_5y_usd": 122949.33399881034,
        "exports_avg_10y_usd": 165347.92754512376,
        "exports_cagr_3y_pct": 38.752525696182595,
        "exports_cagr_5y_pct": 80.00746380197934,
        "exports_cagr_10y_pct": 3.6054235317050765,
        "exports_historical_peak_usd": 713690.0890602298,
        "buyer_imports_latest_observed_usd": 10914000.185412548,
        "historical_peak_year": 2009,
        "positive_growth_year_share_pct": 57.142857142857146,
        "trend_acceleration_pct": 35.147102164477516,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -17.2866,
        "buyer_yoy_all_avg_pct": 4.5379,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 2.9276265281562264,
        "market_share_change_1y_pp": 2.44239807935851,
        "peer_best_share_pct": 37.892134004026126,
        "peer_top_exporter": "GBR",
        "supplier_count_latest": 51,
        "buyer_market_hhi": 2886.32,
        "distance_km": 5770.26416015625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.04674475463696969,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1381754299805733,
        "max_drawdown_pct": 98.81699493395645,
        "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']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 910119,
      "num_markets": 91,
      "highest_price_importer_iso3": "CHE",
      "highest_price_usd_per_ton": 393807000,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 101.01010101010101,
      "median_price_across_markets": 376000,
      "price_spread_pct": 104735.87739093057,
      "avg_quantity_metric_tons": 0.2079192307692308,
      "total_trade_value_usd": 50629247
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 18498989.53860605,
        "active_destinations": 76,
        "yoy_growth_pct": 112.98330642417815
      },
      {
        "year": 2011,
        "export_value_usd": 11436028.79410549,
        "active_destinations": 81,
        "yoy_growth_pct": -38.180251574069345
      },
      {
        "year": 2012,
        "export_value_usd": 10461848.073575089,
        "active_destinations": 49,
        "yoy_growth_pct": -8.518522802535502
      },
      {
        "year": 2013,
        "export_value_usd": 15603286.110174686,
        "active_destinations": 49,
        "yoy_growth_pct": 49.144644430328
      },
      {
        "year": 2014,
        "export_value_usd": 20726868.912349068,
        "active_destinations": 62,
        "yoy_growth_pct": 32.8365625419979
      },
      {
        "year": 2015,
        "export_value_usd": 12479107.746345704,
        "active_destinations": 78,
        "yoy_growth_pct": -39.79260543829342
      },
      {
        "year": 2016,
        "export_value_usd": 9477392.632334946,
        "active_destinations": 77,
        "yoy_growth_pct": -24.05392416689214
      },
      {
        "year": 2017,
        "export_value_usd": 7755510.188169287,
        "active_destinations": 83,
        "yoy_growth_pct": -18.16831391253059
      },
      {
        "year": 2018,
        "export_value_usd": 4459704.7937125955,
        "active_destinations": 70,
        "yoy_growth_pct": -42.49630668378603
      },
      {
        "year": 2019,
        "export_value_usd": 5805643.612331765,
        "active_destinations": 85,
        "yoy_growth_pct": 30.179998024010647
      },
      {
        "year": 2020,
        "export_value_usd": 6198819.938404705,
        "active_destinations": 51,
        "yoy_growth_pct": 6.772312465715171
      },
      {
        "year": 2021,
        "export_value_usd": 6480951.037325924,
        "active_destinations": 64,
        "yoy_growth_pct": 4.551367868798374
      },
      {
        "year": 2022,
        "export_value_usd": 10092403.45114715,
        "active_destinations": 62,
        "yoy_growth_pct": 55.72411198636876
      },
      {
        "year": 2023,
        "export_value_usd": 9540839.900723025,
        "active_destinations": 58,
        "yoy_growth_pct": -5.46513576368602
      },
      {
        "year": 2024,
        "export_value_usd": 12532714.793558516,
        "active_destinations": 57,
        "yoy_growth_pct": 31.358611233050453
      }
    ],
    "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": "910119",
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
    "hs_chapter": 91,
    "hs_heading": 9101
  },
  "destinations": [
    {
      "hs_code": 910119,
      "corridor_rank": 8,
      "exporter_iso3": "ESP",
      "importer_iso3": "HKG",
      "latest_data_year": 2024,
      "lane_data_years": 27,
      "exports_latest_observed_usd": 6112622.6873460375,
      "exports_all_year_avg_usd": 1493497.50789583,
      "exports_avg_3y_usd": 3785013.827958105,
      "exports_avg_5y_usd": 2502291.1849573404,
      "exports_avg_10y_usd": 1464873.686632184,
      "exports_cagr_3y_pct": 157.89093396418542,
      "exports_cagr_5y_pct": 71.63197069253194,
      "exports_cagr_10y_pct": 9.894989827827017,
      "exports_historical_peak_usd": 10237815.567143612,
      "buyer_imports_latest_observed_usd": 24313834.823785216,
      "historical_peak_year": 2010,
      "positive_growth_year_share_pct": 53.84615384615385,
      "trend_acceleration_pct": 147.99594413635842,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -3.424,
      "buyer_yoy_all_avg_pct": 4.9019,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 25.140512517450812,
      "market_share_change_1y_pp": 9.596330494076359,
      "peer_best_share_pct": 25.140512517450812,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 1321.46,
      "distance_km": 10551.060546875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.5393129303298219,
      "max_drawdown_pct": 99.7044047139279,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','long_distance_without_fta']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 910119,
      "corridor_rank": 12,
      "exporter_iso3": "ESP",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 3996117.439090283,
      "exports_all_year_avg_usd": 1159678.0045755191,
      "exports_avg_3y_usd": 4133288.1937875245,
      "exports_avg_5y_usd": 3202873.2220681114,
      "exports_avg_10y_usd": 2037345.6243164744,
      "exports_cagr_3y_pct": 28.452314703341198,
      "exports_cagr_5y_pct": 23.37038295863323,
      "exports_cagr_10y_pct": -4.100657256431606,
      "exports_historical_peak_usd": 6074099.977146006,
      "buyer_imports_latest_observed_usd": 17798385.361645747,
      "historical_peak_year": 2014,
      "positive_growth_year_share_pct": 65.51724137931035,
      "trend_acceleration_pct": 32.552971959772805,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 46.0566,
      "buyer_yoy_all_avg_pct": 14.2835,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 22.45213460599427,
      "market_share_change_1y_pp": -5.763242111299519,
      "peer_best_share_pct": 22.45213460599427,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 36,
      "buyer_market_hhi": 1406.59,
      "distance_km": 1366.760498046875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.376748080135714,
      "max_drawdown_pct": 95.87090860272737,
      "attention_level": "Watch",
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