{
  "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/910129",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/910129",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/910129",
    "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": "910129",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 123,
    "current_lane_count": 42,
    "active_market_count": 42,
    "exports_latest_observed_lanes_usd": 18331377.60980499,
    "exports_current_2024_usd": 17431166.65812208,
    "exports_avg_3y_usd": 17247833.437175002,
    "exports_avg_5y_usd": 17314237.769493144,
    "exports_avg_10y_usd": 18032073.844414715,
    "exports_cagr_3y_pct": -10.950764186464468,
    "exports_cagr_5y_pct": 4.223829372605548,
    "exports_cagr_10y_pct": -3.752871970772975,
    "exports_all_year_lane_avg_usd": 13012328.591951428,
    "exports_historical_lane_peak_usd": 56094169.13414731,
    "historical_peak_year": 2013,
    "positive_growth_year_share_pct": 58.62068965517241,
    "trend_acceleration_pct": -7.197892215691493,
    "trend_label": "Rapid decline",
    "top_market_iso3": "PRT",
    "top_market_exports_usd": 8674976.421103287,
    "top_market_share_pct": 47.323101437086,
    "destination_hhi": 2601.959094871648,
    "weighted_share_latest_pct": 38.149736777303715,
    "weighted_share_change_1y_pp": 0.4000538063975686,
    "weighted_volatility_cv": 1.1568027925574127,
    "weighted_max_drawdown_pct": 96.77774662774245,
    "limited_history_lane_share_pct": 38.21138211382114,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 910129,
      "hs_description": "Wrist-watches: (not electrically operated), (not automatic winding), whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal",
      "hs_chapter": 91,
      "hs_heading": 9101,
      "substitution_elasticity": -11.675479,
      "price_range_label": "High price range",
      "trade_type_label": "Two-way horizontal trade"
    },
    "hs_description": "Wrist-watches: (not electrically operated), (not automatic winding), whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal",
    "hs_chapter": 91,
    "hs_heading": 9101,
    "destinations": [
      {
        "hs_code": 910129,
        "corridor_rank": 57,
        "exporter_iso3": "ESP",
        "importer_iso3": "PRT",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 8674976.421103287,
        "exports_all_year_avg_usd": 3049477.7999237636,
        "exports_avg_3y_usd": 7690180.97410322,
        "exports_avg_5y_usd": 6531772.437120735,
        "exports_avg_10y_usd": 6153864.33834974,
        "exports_cagr_3y_pct": 8.766762102254821,
        "exports_cagr_5y_pct": 13.249086814655708,
        "exports_cagr_10y_pct": 3.255574519454818,
        "exports_historical_peak_usd": 8812500.29148504,
        "buyer_imports_latest_observed_usd": 11480227.826110072,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 58.62068965517241,
        "trend_acceleration_pct": 5.511187582800003,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 0.5619,
        "buyer_yoy_all_avg_pct": 14.6212,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 75.56449708579251,
        "market_share_change_1y_pp": -1.6292096178306252,
        "peer_best_share_pct": 75.56449708579251,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 17,
        "buyer_market_hhi": 5831.23,
        "distance_km": 500.9222717285156,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.9187392604836109,
        "max_drawdown_pct": 99.58819070063842,
        "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": 910129,
        "corridor_rank": 92,
        "exporter_iso3": "ESP",
        "importer_iso3": "HKG",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2382737.585947343,
        "exports_all_year_avg_usd": 2974811.583518746,
        "exports_avg_3y_usd": 1287839.5620318304,
        "exports_avg_5y_usd": 1822463.287502452,
        "exports_avg_10y_usd": 2338706.193425825,
        "exports_cagr_3y_pct": -11.545986561859289,
        "exports_cagr_5y_pct": 14.451676739754449,
        "exports_cagr_10y_pct": -13.320734107544762,
        "exports_historical_peak_usd": 16958252.689140126,
        "buyer_imports_latest_observed_usd": 286863074.7941061,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": 1.7747475456854733,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -21.0903,
        "buyer_yoy_all_avg_pct": 7.5792,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 0.8306184362199756,
        "market_share_change_1y_pp": 0.4843825319210699,
        "peer_best_share_pct": 34.49439410008054,
        "peer_top_exporter": "CHE",
        "supplier_count_latest": 41,
        "buyer_market_hhi": 1765.81,
        "distance_km": 10551.060546875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.5707743720376282,
        "max_drawdown_pct": 99.9996422298248,
        "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"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 910129,
      "num_markets": 75,
      "highest_price_importer_iso3": "CHE",
      "highest_price_usd_per_ton": 1607272666.6666667,
      "lowest_price_importer_iso3": "SEN",
      "lowest_price_usd_per_ton": 1091.6965818635867,
      "median_price_across_markets": 1211714.2857142857,
      "price_spread_pct": 132644.43556697233,
      "avg_quantity_metric_tons": 0.19990000000000008,
      "total_trade_value_usd": 85031300
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 8578085.522244465,
        "active_destinations": 27,
        "yoy_growth_pct": 93.54487219090045
      },
      {
        "year": 2011,
        "export_value_usd": 20123908.869986966,
        "active_destinations": 55,
        "yoy_growth_pct": 134.59673860562685
      },
      {
        "year": 2012,
        "export_value_usd": 28349181.669616543,
        "active_destinations": 52,
        "yoy_growth_pct": 40.87313678853339
      },
      {
        "year": 2013,
        "export_value_usd": 36005660.34468511,
        "active_destinations": 59,
        "yoy_growth_pct": 27.00775903974137
      },
      {
        "year": 2014,
        "export_value_usd": 25553398.217144813,
        "active_destinations": 53,
        "yoy_growth_pct": -29.029497105399376
      },
      {
        "year": 2015,
        "export_value_usd": 23518945.97839521,
        "active_destinations": 40,
        "yoy_growth_pct": -7.961572161406728
      },
      {
        "year": 2016,
        "export_value_usd": 20749854.445038047,
        "active_destinations": 39,
        "yoy_growth_pct": -11.77387598874917
      },
      {
        "year": 2017,
        "export_value_usd": 17226240.75235353,
        "active_destinations": 47,
        "yoy_growth_pct": -16.98138992742248
      },
      {
        "year": 2018,
        "export_value_usd": 18080544.409973405,
        "active_destinations": 47,
        "yoy_growth_pct": 4.959315673694831
      },
      {
        "year": 2019,
        "export_value_usd": 14173964.010921221,
        "active_destinations": 39,
        "yoy_growth_pct": -21.6065418743546
      },
      {
        "year": 2020,
        "export_value_usd": 10142533.192896292,
        "active_destinations": 41,
        "yoy_growth_pct": -28.442507790471744
      },
      {
        "year": 2021,
        "export_value_usd": 24685155.343044423,
        "active_destinations": 63,
        "yoy_growth_pct": 143.3825443167749
      },
      {
        "year": 2022,
        "export_value_usd": 16804854.742932472,
        "active_destinations": 72,
        "yoy_growth_pct": -31.923236822296907
      },
      {
        "year": 2023,
        "export_value_usd": 17507478.910470452,
        "active_destinations": 45,
        "yoy_growth_pct": 4.181078493603038
      },
      {
        "year": 2024,
        "export_value_usd": 17431166.658122085,
        "active_destinations": 42,
        "yoy_growth_pct": -0.43588373139623277
      }
    ],
    "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": "910129",
    "hs_description": "Wrist-watches: (not electrically operated), (not automatic winding), whether or not incorporating a stop-watch facility, case of precious metal or of metal clad with precious metal",
    "hs_chapter": 91,
    "hs_heading": 9101
  },
  "destinations": [
    {
      "hs_code": 910129,
      "corridor_rank": 57,
      "exporter_iso3": "ESP",
      "importer_iso3": "PRT",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 8674976.421103287,
      "exports_all_year_avg_usd": 3049477.7999237636,
      "exports_avg_3y_usd": 7690180.97410322,
      "exports_avg_5y_usd": 6531772.437120735,
      "exports_avg_10y_usd": 6153864.33834974,
      "exports_cagr_3y_pct": 8.766762102254821,
      "exports_cagr_5y_pct": 13.249086814655708,
      "exports_cagr_10y_pct": 3.255574519454818,
      "exports_historical_peak_usd": 8812500.29148504,
      "buyer_imports_latest_observed_usd": 11480227.826110072,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 58.62068965517241,
      "trend_acceleration_pct": 5.511187582800003,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 0.5619,
      "buyer_yoy_all_avg_pct": 14.6212,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 75.56449708579251,
      "market_share_change_1y_pp": -1.6292096178306252,
      "peer_best_share_pct": 75.56449708579251,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 17,
      "buyer_market_hhi": 5831.23,
      "distance_km": 500.9222717285156,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.9187392604836109,
      "max_drawdown_pct": 99.58819070063842,
      "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": 910129,
      "corridor_rank": 92,
      "exporter_iso3": "ESP",
      "importer_iso3": "HKG",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2382737.585947343,
      "exports_all_year_avg_usd": 2974811.583518746,
      "exports_avg_3y_usd": 1287839.5620318304,
      "exports_avg_5y_usd": 1822463.287502452,
      "exports_avg_10y_usd": 2338706.193425825,
      "exports_cagr_3y_pct": -11.545986561859289,
      "exports_cagr_5y_pct": 14.451676739754449,
      "exports_cagr_10y_pct": -13.320734107544762,
      "exports_historical_peak_usd": 16958252.689140126,
      "buyer_imports_latest_observed_usd": 286863074.7941061,
      "historical_peak_year": 2013,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": 1.7747475456854733,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -21.0903,
      "buyer_yoy_all_avg_pct": 7.5792,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 0.8306184362199756,
      "market_share_change_1y_pp": 0.4843825319210699,
      "peer_best_share_pct": 34.49439410008054,
      "peer_top_exporter": "CHE",
      "supplier_count_latest": 41,
      "buyer_market_hhi": 1765.81,
      "distance_km": 10551.060546875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.5707743720376282,
      "max_drawdown_pct": 99.9996422298248,
      "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"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "ESP",
    "hs_code": 910129,
    "num_markets": 75,
    "highest_price_importer_iso3": "CHE",
    "highest_price_usd_per_ton": 1607272666.6666667,
    "lowest_price_importer_iso3": "SEN",
    "lowest_price_usd_per_ton": 1091.6965818635867,
    "median_price_across_markets": 1211714.2857142857,
    "price_spread_pct": 132644.43556697233,
    "avg_quantity_metric_tons": 0.19990000000000008,
    "total_trade_value_usd": 85031300
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 8578085.522244465,
      "active_destinations": 27,
      "yoy_growth_pct": 93.54487219090045
    },
    {
      "year": 2011,
      "export_value_usd": 20123908.869986966,
      "active_destinations": 55,
      "yoy_growth_pct": 134.59673860562685
    },
    {
      "year": 2012,
      "export_value_usd": 28349181.669616543,
      "active_destinations": 52,
      "yoy_growth_pct": 40.87313678853339
    },
    {
      "year": 2013,
      "export_value_usd": 36005660.34468511,
      "active_destinations": 59,
      "yoy_growth_pct": 27.00775903974137
    },
    {
      "year": 2014,
      "export_value_usd": 25553398.217144813,
      "active_destinations": 53,
      "yoy_growth_pct": -29.029497105399376
    },
    {
      "year": 2015,
      "export_value_usd": 23518945.97839521,
      "active_destinations": 40,
      "yoy_growth_pct": -7.961572161406728
    },
    {
      "year": 2016,
      "export_value_usd": 20749854.445038047,
      "active_destinations": 39,
      "yoy_growth_pct": -11.77387598874917
    },
    {
      "year": 2017,
      "export_value_usd": 17226240.75235353,
      "active_destinations": 47,
      "yoy_growth_pct": -16.98138992742248
    },
    {
      "year": 2018,
      "export_value_usd": 18080544.409973405,
      "active_destinations": 47,
      "yoy_growth_pct": 4.959315673694831
    },
    {
      "year": 2019,
      "export_value_usd": 14173964.010921221,
      "active_destinations": 39,
      "yoy_growth_pct": -21.6065418743546
    },
    {
      "year": 2020,
      "export_value_usd": 10142533.192896292,
      "active_destinations": 41,
      "yoy_growth_pct": -28.442507790471744
    },
    {
      "year": 2021,
      "export_value_usd": 24685155.343044423,
      "active_destinations": 63,
      "yoy_growth_pct": 143.3825443167749
    },
    {
      "year": 2022,
      "export_value_usd": 16804854.742932472,
      "active_destinations": 72,
      "yoy_growth_pct": -31.923236822296907
    },
    {
      "year": 2023,
      "export_value_usd": 17507478.910470452,
      "active_destinations": 45,
      "yoy_growth_pct": 4.181078493603038
    },
    {
      "year": 2024,
      "export_value_usd": 17431166.658122085,
      "active_destinations": 42,
      "yoy_growth_pct": -0.43588373139623277
    }
  ],
  "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
  }
}