{
  "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/910229",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/910229",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/910229",
    "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": "910229",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 144,
    "current_lane_count": 78,
    "active_market_count": 78,
    "exports_latest_observed_lanes_usd": 7728822.876078569,
    "exports_current_2024_usd": 7480498.890320233,
    "exports_avg_3y_usd": 6454753.996775668,
    "exports_avg_5y_usd": 8460963.223834004,
    "exports_avg_10y_usd": 10859072.324776758,
    "exports_cagr_3y_pct": -18.95159970449679,
    "exports_cagr_5y_pct": -5.384166734610796,
    "exports_cagr_10y_pct": -0.8405157732601087,
    "exports_all_year_lane_avg_usd": 7120628.724959399,
    "exports_historical_lane_peak_usd": 30340736.962335277,
    "historical_peak_year": 2016,
    "positive_growth_year_share_pct": 65.51724137931035,
    "trend_acceleration_pct": -18.11108393123668,
    "trend_label": "Rapid decline",
    "top_market_iso3": "HKG",
    "top_market_exports_usd": 2573162.3307743184,
    "top_market_share_pct": 33.29306897093601,
    "destination_hhi": 1513.8626517733182,
    "weighted_share_latest_pct": 4.774063586508414,
    "weighted_share_change_1y_pp": 0.6080749985579572,
    "weighted_volatility_cv": 1.137617688362748,
    "weighted_max_drawdown_pct": 94.98326636849065,
    "limited_history_lane_share_pct": 26.38888888888889,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 910229,
      "hs_description": "Wrist-watches: whether or not incorporating a stop-watch facility, with other than automatic winding",
      "hs_chapter": 91,
      "hs_heading": 9102,
      "substitution_elasticity": -8.7336454,
      "price_range_label": "Medium price range",
      "trade_type_label": "Two-way vertical trade"
    },
    "hs_description": "Wrist-watches: whether or not incorporating a stop-watch facility, with other than automatic winding",
    "hs_chapter": 91,
    "hs_heading": 9102,
    "destinations": [
      {
        "hs_code": 910229,
        "corridor_rank": 66,
        "exporter_iso3": "ESP",
        "importer_iso3": "HKG",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 2573162.3307743184,
        "exports_all_year_avg_usd": 1952246.1331129435,
        "exports_avg_3y_usd": 2292163.2806894244,
        "exports_avg_5y_usd": 3121282.937612173,
        "exports_avg_10y_usd": 4450224.000143404,
        "exports_cagr_3y_pct": -21.03327688814699,
        "exports_cagr_5y_pct": 0.5951974115428804,
        "exports_cagr_10y_pct": 1.8297921010612894,
        "exports_historical_peak_usd": 7250045.730071036,
        "buyer_imports_latest_observed_usd": 136620481.79731122,
        "historical_peak_year": 2016,
        "positive_growth_year_share_pct": 59.25925925925926,
        "trend_acceleration_pct": -22.86306898920828,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 9.7148,
        "buyer_yoy_all_avg_pct": 8.2116,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 1.8834381909089122,
        "market_share_change_1y_pp": 0.3679177545668981,
        "peer_best_share_pct": 25.496498466314634,
        "peer_top_exporter": "GBR",
        "supplier_count_latest": 49,
        "buyer_market_hhi": 1697.46,
        "distance_km": 10551.060546875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1797926498904947,
        "max_drawdown_pct": 95.74035245371107,
        "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": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 910229,
      "num_markets": 118,
      "highest_price_importer_iso3": "CHN",
      "highest_price_usd_per_ton": 66374904.76190476,
      "lowest_price_importer_iso3": "SYC",
      "lowest_price_usd_per_ton": 422.22222222222223,
      "median_price_across_markets": 315696.2962962963,
      "price_spread_pct": 21024.789748368436,
      "avg_quantity_metric_tons": 0.36258516483516495,
      "total_trade_value_usd": 49505673
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 5235554.209963819,
        "active_destinations": 52,
        "yoy_growth_pct": -13.170573985901973
      },
      {
        "year": 2011,
        "export_value_usd": 7984290.224979803,
        "active_destinations": 60,
        "yoy_growth_pct": 52.50133805863084
      },
      {
        "year": 2012,
        "export_value_usd": 8359481.694502777,
        "active_destinations": 63,
        "yoy_growth_pct": 4.699121136017117
      },
      {
        "year": 2013,
        "export_value_usd": 7344836.244954162,
        "active_destinations": 64,
        "yoy_growth_pct": -12.1376598051031
      },
      {
        "year": 2014,
        "export_value_usd": 8139317.15514292,
        "active_destinations": 87,
        "yoy_growth_pct": 10.816863490109247
      },
      {
        "year": 2015,
        "export_value_usd": 13451570.521320876,
        "active_destinations": 76,
        "yoy_growth_pct": 65.26657291909737
      },
      {
        "year": 2016,
        "export_value_usd": 14766606.262258437,
        "active_destinations": 79,
        "yoy_growth_pct": 9.776075877929761
      },
      {
        "year": 2017,
        "export_value_usd": 13853196.657494145,
        "active_destinations": 78,
        "yoy_growth_pct": -6.185643393897829
      },
      {
        "year": 2018,
        "export_value_usd": 14349207.020594763,
        "active_destinations": 80,
        "yoy_growth_pct": 3.5804758667905867
      },
      {
        "year": 2019,
        "export_value_usd": 9865326.666929346,
        "active_destinations": 84,
        "yoy_growth_pct": -31.24827976368247
      },
      {
        "year": 2020,
        "export_value_usd": 8889878.078322235,
        "active_destinations": 91,
        "yoy_growth_pct": -9.887646111882127
      },
      {
        "year": 2021,
        "export_value_usd": 14050676.05052077,
        "active_destinations": 91,
        "yoy_growth_pct": 58.052516881902164
      },
      {
        "year": 2022,
        "export_value_usd": 5815508.7026731055,
        "active_destinations": 81,
        "yoy_growth_pct": -58.61047054417313
      },
      {
        "year": 2023,
        "export_value_usd": 6068254.397333666,
        "active_destinations": 85,
        "yoy_growth_pct": 4.346063389852471
      },
      {
        "year": 2024,
        "export_value_usd": 7480498.890320236,
        "active_destinations": 78,
        "yoy_growth_pct": 23.27266460033543
      }
    ],
    "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": "910229",
    "hs_description": "Wrist-watches: whether or not incorporating a stop-watch facility, with other than automatic winding",
    "hs_chapter": 91,
    "hs_heading": 9102
  },
  "destinations": [
    {
      "hs_code": 910229,
      "corridor_rank": 66,
      "exporter_iso3": "ESP",
      "importer_iso3": "HKG",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 2573162.3307743184,
      "exports_all_year_avg_usd": 1952246.1331129435,
      "exports_avg_3y_usd": 2292163.2806894244,
      "exports_avg_5y_usd": 3121282.937612173,
      "exports_avg_10y_usd": 4450224.000143404,
      "exports_cagr_3y_pct": -21.03327688814699,
      "exports_cagr_5y_pct": 0.5951974115428804,
      "exports_cagr_10y_pct": 1.8297921010612894,
      "exports_historical_peak_usd": 7250045.730071036,
      "buyer_imports_latest_observed_usd": 136620481.79731122,
      "historical_peak_year": 2016,
      "positive_growth_year_share_pct": 59.25925925925926,
      "trend_acceleration_pct": -22.86306898920828,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 9.7148,
      "buyer_yoy_all_avg_pct": 8.2116,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 1.8834381909089122,
      "market_share_change_1y_pp": 0.3679177545668981,
      "peer_best_share_pct": 25.496498466314634,
      "peer_top_exporter": "GBR",
      "supplier_count_latest": 49,
      "buyer_market_hhi": 1697.46,
      "distance_km": 10551.060546875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.1797926498904947,
      "max_drawdown_pct": 95.74035245371107,
      "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": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "ESP",
    "hs_code": 910229,
    "num_markets": 118,
    "highest_price_importer_iso3": "CHN",
    "highest_price_usd_per_ton": 66374904.76190476,
    "lowest_price_importer_iso3": "SYC",
    "lowest_price_usd_per_ton": 422.22222222222223,
    "median_price_across_markets": 315696.2962962963,
    "price_spread_pct": 21024.789748368436,
    "avg_quantity_metric_tons": 0.36258516483516495,
    "total_trade_value_usd": 49505673
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 5235554.209963819,
      "active_destinations": 52,
      "yoy_growth_pct": -13.170573985901973
    },
    {
      "year": 2011,
      "export_value_usd": 7984290.224979803,
      "active_destinations": 60,
      "yoy_growth_pct": 52.50133805863084
    },
    {
      "year": 2012,
      "export_value_usd": 8359481.694502777,
      "active_destinations": 63,
      "yoy_growth_pct": 4.699121136017117
    },
    {
      "year": 2013,
      "export_value_usd": 7344836.244954162,
      "active_destinations": 64,
      "yoy_growth_pct": -12.1376598051031
    },
    {
      "year": 2014,
      "export_value_usd": 8139317.15514292,
      "active_destinations": 87,
      "yoy_growth_pct": 10.816863490109247
    },
    {
      "year": 2015,
      "export_value_usd": 13451570.521320876,
      "active_destinations": 76,
      "yoy_growth_pct": 65.26657291909737
    },
    {
      "year": 2016,
      "export_value_usd": 14766606.262258437,
      "active_destinations": 79,
      "yoy_growth_pct": 9.776075877929761
    },
    {
      "year": 2017,
      "export_value_usd": 13853196.657494145,
      "active_destinations": 78,
      "yoy_growth_pct": -6.185643393897829
    },
    {
      "year": 2018,
      "export_value_usd": 14349207.020594763,
      "active_destinations": 80,
      "yoy_growth_pct": 3.5804758667905867
    },
    {
      "year": 2019,
      "export_value_usd": 9865326.666929346,
      "active_destinations": 84,
      "yoy_growth_pct": -31.24827976368247
    },
    {
      "year": 2020,
      "export_value_usd": 8889878.078322235,
      "active_destinations": 91,
      "yoy_growth_pct": -9.887646111882127
    },
    {
      "year": 2021,
      "export_value_usd": 14050676.05052077,
      "active_destinations": 91,
      "yoy_growth_pct": 58.052516881902164
    },
    {
      "year": 2022,
      "export_value_usd": 5815508.7026731055,
      "active_destinations": 81,
      "yoy_growth_pct": -58.61047054417313
    },
    {
      "year": 2023,
      "export_value_usd": 6068254.397333666,
      "active_destinations": 85,
      "yoy_growth_pct": 4.346063389852471
    },
    {
      "year": 2024,
      "export_value_usd": 7480498.890320236,
      "active_destinations": 78,
      "yoy_growth_pct": 23.27266460033543
    }
  ],
  "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
  }
}