# Spain HS 940120 exports | Yugalinks

Explore reported HS 940120 exports from Spain: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Spain |
| HS6 | 940120 |
| Latest exports | $108.1M |
| Active destinations | 101 |
| Three-year growth | +11.9% |
| Destination HHI | 1,054 |
| Weighted share | 26.1% |

## Destination markets

- Algeria: $21.5M; share 71.2%; growth +1,494%
- Germany: $15.3M; share 3.2%; growth -2.2%
- Australia: $15.2M; share 34.3%; growth +7.7%
- Japan: $11.9M; share 18.5%; growth -14.8%
- Republic of Korea: $8.0M; share 30.7%; growth +91.7%
- France: $6.2M; share 3.5%; growth +34.3%

## Price intelligence

- Highest reported market price: Zambia at $2.2M / ton.
- Lowest reported market price: Gambia at $100.0 / ton.
- Median reported price: $15.4K / ton.
- Price spread: 14,072.8%.

## Export history

- 2010: $40.6M
- 2011: $38.5M
- 2012: $36.4M
- 2013: $51.0M
- 2014: $43.5M
- 2015: $39.7M
- 2016: $45.7M
- 2017: $53.1M
- 2018: $73.9M
- 2019: $66.3M
- 2020: $52.5M
- 2021: $76.4M
- 2022: $116.6M
- 2023: $91.9M
- 2024: $107.1M

## Methods

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.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "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/940120",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/940120",
    "exporter": "https://www.yugalinks.com/trade/exporter/esp/940120",
    "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": "940120",
    "exporter_iso3": "ESP",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 148,
    "current_lane_count": 101,
    "active_market_count": 101,
    "exports_latest_observed_lanes_usd": 108148004.28647259,
    "exports_current_2024_usd": 107060010.92030793,
    "exports_avg_3y_usd": 105213344.02784728,
    "exports_avg_5y_usd": 88911954.212955,
    "exports_avg_10y_usd": 72328300.99950959,
    "exports_cagr_3y_pct": 11.91479722090316,
    "exports_cagr_5y_pct": 10.045213769318417,
    "exports_cagr_10y_pct": 9.41915288267321,
    "exports_all_year_lane_avg_usd": 57306431.263606444,
    "exports_historical_lane_peak_usd": 294137868.3051555,
    "historical_peak_year": 2022,
    "positive_growth_year_share_pct": 55.172413793103445,
    "trend_acceleration_pct": 2.495644338229951,
    "trend_label": "Rapid growth",
    "top_market_iso3": "DZA",
    "top_market_exports_usd": 21541906.542,
    "top_market_share_pct": 19.918912682787724,
    "destination_hhi": 1053.6172102960134,
    "weighted_share_latest_pct": 26.12528712905799,
    "weighted_share_change_1y_pp": 15.042986746022663,
    "weighted_volatility_cv": 2.089873318781651,
    "weighted_max_drawdown_pct": 90.60558888120157,
    "limited_history_lane_share_pct": 27.027027027027028,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:41",
    "source": "api",
    "product": {
      "hs_code": 940120,
      "hs_description": "Seats: of a kind used for motor vehicles",
      "hs_chapter": 94,
      "hs_heading": 9401,
      "substitution_elasticity": -8.5703659,
      "price_range_label": "High price range",
      "trade_type_label": "Two-way horizontal trade"
    },
    "hs_description": "Seats: of a kind used for motor vehicles",
    "hs_chapter": 94,
    "hs_heading": 9401,
    "destinations": [
      {
        "hs_code": 940120,
        "corridor_rank": 30,
        "exporter_iso3": "ESP",
        "importer_iso3": "DZA",
        "latest_data_year": 2024,
        "lane_data_years": 21,
        "exports_latest_observed_usd": 21541906.542,
        "exports_all_year_avg_usd": 1032765.6984293816,
        "exports_avg_3y_usd": 10804521.638475211,
        "exports_avg_5y_usd": 7204787.388553319,
        "exports_avg_10y_usd": 4325042.648291837,
        "exports_cagr_3y_pct": 1493.997899140787,
        "exports_cagr_5y_pct": 445.5049099258203,
        "exports_cagr_10y_pct": 151.07928225443166,
        "exports_historical_peak_usd": 21541906.542,
        "buyer_imports_latest_observed_usd": 30273986.825737152,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 55,
        "trend_acceleration_pct": 1342.9186168863553,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 2195.0091,
        "buyer_yoy_all_avg_pct": 102.5733,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 71.1564904417754,
        "market_share_change_1y_pp": 66.06699165600841,
        "peer_best_share_pct": 71.1564904417754,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 5732.86,
        "distance_km": 706.8756713867188,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.23658253282424235,
        "tariff_advantage_pp": 0.1656216637575757,
        "volatility_cv": 4.440509697696257,
        "max_drawdown_pct": 98.61972568532829,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940120,
        "corridor_rank": 45,
        "exporter_iso3": "ESP",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 15260265.106668686,
        "exports_all_year_avg_usd": 6656162.2623238135,
        "exports_avg_3y_usd": 14901696.55358635,
        "exports_avg_5y_usd": 15149896.254197678,
        "exports_avg_10y_usd": 14944960.51471967,
        "exports_cagr_3y_pct": -2.226964896743644,
        "exports_cagr_5y_pct": -9.707877778739393,
        "exports_cagr_10y_pct": 8.226066051312554,
        "exports_historical_peak_usd": 29351385.520431183,
        "buyer_imports_latest_observed_usd": 482411179.7559184,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -10.453030948056197,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -3.867,
        "buyer_yoy_all_avg_pct": 10.9355,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 3.1633315617581244,
        "market_share_change_1y_pp": 0.02964763636940404,
        "peer_best_share_pct": 47.89097880644316,
        "peer_top_exporter": "CZE",
        "supplier_count_latest": 69,
        "buyer_market_hhi": 2764.22,
        "distance_km": 1479.33154296875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.1080969336807658,
        "max_drawdown_pct": 64.3597965044704,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940120,
        "corridor_rank": 46,
        "exporter_iso3": "ESP",
        "importer_iso3": "AUS",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 15177942.52011196,
        "exports_all_year_avg_usd": 2437821.056386206,
        "exports_avg_3y_usd": 13775586.98619456,
        "exports_avg_5y_usd": 12518470.252240686,
        "exports_avg_10y_usd": 7237100.935750803,
        "exports_cagr_3y_pct": 7.693421143719381,
        "exports_cagr_5y_pct": 19.213745004810477,
        "exports_cagr_10y_pct": 66.16680267691191,
        "exports_historical_peak_usd": 15501409.784298552,
        "buyer_imports_latest_observed_usd": 44214615.711815044,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": -58.47338153319253,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 1.4403,
        "buyer_yoy_all_avg_pct": 7.7022,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 34.327885193076774,
        "market_share_change_1y_pp": -1.2365445538156905,
        "peer_best_share_pct": 34.32788519307678,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 46,
        "buyer_market_hhi": 1728.63,
        "distance_km": 17699.453125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.07872936858989897,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.9629686767640762,
        "max_drawdown_pct": 88.87536484351824,
        "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": 940120,
        "corridor_rank": 58,
        "exporter_iso3": "ESP",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 11861364.54418457,
        "exports_all_year_avg_usd": 2675836.712909115,
        "exports_avg_3y_usd": 12304656.92712067,
        "exports_avg_5y_usd": 12958257.479442138,
        "exports_avg_10y_usd": 7792256.365971494,
        "exports_cagr_3y_pct": -14.781332942725001,
        "exports_cagr_5y_pct": 23.625385213458827,
        "exports_cagr_10y_pct": 45.34826273707828,
        "exports_historical_peak_usd": 19165954.06010209,
        "buyer_imports_latest_observed_usd": 63981794.384078845,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 68.96551724137932,
        "trend_acceleration_pct": -60.12959567980328,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 3.1689,
        "buyer_yoy_all_avg_pct": 6.1409,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 18.538655657235108,
        "market_share_change_1y_pp": 2.1219747827610966,
        "peer_best_share_pct": 35.8139909857261,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 45,
        "buyer_market_hhi": 1867.32,
        "distance_km": 10777.423828125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.039966357792484856,
        "tariff_advantage_pp": 0.030413669105984857,
        "volatility_cv": 1.853471220464886,
        "max_drawdown_pct": 99.29392147913161,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','buyer_macro_weakness']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940120,
        "corridor_rank": 77,
        "exporter_iso3": "ESP",
        "importer_iso3": "KOR",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 7982280.5011676615,
        "exports_all_year_avg_usd": 773809.6117787039,
        "exports_avg_3y_usd": 4779263.821139339,
        "exports_avg_5y_usd": 3154378.3519734507,
        "exports_avg_10y_usd": 1769885.4453437994,
        "exports_cagr_3y_pct": 91.6935510722087,
        "exports_cagr_5y_pct": 109.64030509632164,
        "exports_cagr_10y_pct": 201.93533813346835,
        "exports_historical_peak_usd": 7982280.5011676615,
        "buyer_imports_latest_observed_usd": 25963537.41737389,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 54.54545454545455,
        "trend_acceleration_pct": -110.24178706125964,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -6.233,
        "buyer_yoy_all_avg_pct": 12.3951,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 30.744194725277303,
        "market_share_change_1y_pp": 19.72216762113009,
        "peer_best_share_pct": 46.64350073135801,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 43,
        "buyer_market_hhi": 3183.97,
        "distance_km": 10012.6416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.1369564428626263,
        "tariff_advantage_pp": 0.11067370517943842,
        "volatility_cv": 2.30438453766307,
        "max_drawdown_pct": 99.95713303409238,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940120,
        "corridor_rank": 97,
        "exporter_iso3": "ESP",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 6235441.208705347,
        "exports_all_year_avg_usd": 9949625.079564624,
        "exports_avg_3y_usd": 20366601.450078156,
        "exports_avg_5y_usd": 13322396.92264299,
        "exports_avg_10y_usd": 8623380.496820845,
        "exports_cagr_3y_pct": 34.31108937874097,
        "exports_cagr_5y_pct": 9.607869186384965,
        "exports_cagr_10y_pct": 5.1732277120485115,
        "exports_historical_peak_usd": 37837955.283205695,
        "buyer_imports_latest_observed_usd": 176510228.07081026,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 34.48275862068966,
        "trend_acceleration_pct": 29.137861666692455,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -17.806,
        "buyer_yoy_all_avg_pct": 9.1366,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 3.532623166859138,
        "market_share_change_1y_pp": -4.395919148632679,
        "peer_best_share_pct": 40.490549575422314,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 59,
        "buyer_market_hhi": 2111.46,
        "distance_km": 1054.6563720703125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.125446866227439,
        "max_drawdown_pct": 92.3776860461382,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "ESP",
      "hs_code": 940120,
      "num_markets": 121,
      "highest_price_importer_iso3": "ZMB",
      "highest_price_usd_per_ton": 2161000,
      "lowest_price_importer_iso3": "GMB",
      "lowest_price_usd_per_ton": 100,
      "median_price_across_markets": 15355.155580250832,
      "price_spread_pct": 14072.797821594595,
      "avg_quantity_metric_tons": 63.101807174887895,
      "total_trade_value_usd": 403202320
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 40569873.62332104,
        "active_destinations": 76,
        "yoy_growth_pct": -29.593407542271542
      },
      {
        "year": 2011,
        "export_value_usd": 38478146.03133227,
        "active_destinations": 87,
        "yoy_growth_pct": -5.155864204581527
      },
      {
        "year": 2012,
        "export_value_usd": 36351946.71025066,
        "active_destinations": 94,
        "yoy_growth_pct": -5.525732241231871
      },
      {
        "year": 2013,
        "export_value_usd": 51033148.97469954,
        "active_destinations": 87,
        "yoy_growth_pct": 40.386289024540794
      },
      {
        "year": 2014,
        "export_value_usd": 43520492.52375293,
        "active_destinations": 93,
        "yoy_growth_pct": -14.721130484562353
      },
      {
        "year": 2015,
        "export_value_usd": 39665443.36671267,
        "active_destinations": 94,
        "yoy_growth_pct": -8.858009028588599
      },
      {
        "year": 2016,
        "export_value_usd": 45721421.890978016,
        "active_destinations": 96,
        "yoy_growth_pct": 15.267643596661623
      },
      {
        "year": 2017,
        "export_value_usd": 53106250.77608909,
        "active_destinations": 95,
        "yoy_growth_pct": 16.151791829046953
      },
      {
        "year": 2018,
        "export_value_usd": 73890730.21317482,
        "active_destinations": 97,
        "yoy_growth_pct": 39.137538676414856
      },
      {
        "year": 2019,
        "export_value_usd": 66339392.683366306,
        "active_destinations": 97,
        "yoy_growth_pct": -10.21960062923035
      },
      {
        "year": 2020,
        "export_value_usd": 52542360.6742146,
        "active_destinations": 93,
        "yoy_growth_pct": -20.79764594017925
      },
      {
        "year": 2021,
        "export_value_usd": 76377378.30701861,
        "active_destinations": 88,
        "yoy_growth_pct": 45.36343119524348
      },
      {
        "year": 2022,
        "export_value_usd": 116645053.04134022,
        "active_destinations": 93,
        "yoy_growth_pct": 52.72199128445505
      },
      {
        "year": 2023,
        "export_value_usd": 91934968.12189353,
        "active_destinations": 95,
        "yoy_growth_pct": -21.1839973279357
      },
      {
        "year": 2024,
        "export_value_usd": 107060010.92030795,
        "active_destinations": 101,
        "yoy_growth_pct": 16.45189323213843
      }
    ],
    "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": "940120",
    "hs_description": "Seats: of a kind used for motor vehicles",
    "hs_chapter": 94,
    "hs_heading": 9401
  },
  "destinations": [
    {
      "hs_code": 940120,
      "corridor_rank": 30,
      "exporter_iso3": "ESP",
      "importer_iso3": "DZA",
      "latest_data_year": 2024,
      "lane_data_years": 21,
      "exports_latest_observed_usd": 21541906.542,
      "exports_all_year_avg_usd": 1032765.6984293816,
      "exports_avg_3y_usd": 10804521.638475211,
      "exports_avg_5y_usd": 7204787.388553319,
      "exports_avg_10y_usd": 4325042.648291837,
      "exports_cagr_3y_pct": 1493.997899140787,
      "exports_cagr_5y_pct": 445.5049099258203,
      "exports_cagr_10y_pct": 151.07928225443166,
      "exports_historical_peak_usd": 21541906.542,
      "buyer_imports_latest_observed_usd": 30273986.825737152,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 55,
      "trend_acceleration_pct": 1342.9186168863553,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 2195.0091,
      "buyer_yoy_all_avg_pct": 102.5733,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 71.1564904417754,
      "market_share_change_1y_pp": 66.06699165600841,
      "peer_best_share_pct": 71.1564904417754,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 5732.86,
      "distance_km": 706.8756713867188,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.23658253282424235,
      "tariff_advantage_pp": 0.1656216637575757,
      "volatility_cv": 4.440509697696257,
      "max_drawdown_pct": 98.61972568532829,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940120,
      "corridor_rank": 45,
      "exporter_iso3": "ESP",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 15260265.106668686,
      "exports_all_year_avg_usd": 6656162.2623238135,
      "exports_avg_3y_usd": 14901696.55358635,
      "exports_avg_5y_usd": 15149896.254197678,
      "exports_avg_10y_usd": 14944960.51471967,
      "exports_cagr_3y_pct": -2.226964896743644,
      "exports_cagr_5y_pct": -9.707877778739393,
      "exports_cagr_10y_pct": 8.226066051312554,
      "exports_historical_peak_usd": 29351385.520431183,
      "buyer_imports_latest_observed_usd": 482411179.7559184,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -10.453030948056197,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": -3.867,
      "buyer_yoy_all_avg_pct": 10.9355,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 3.1633315617581244,
      "market_share_change_1y_pp": 0.02964763636940404,
      "peer_best_share_pct": 47.89097880644316,
      "peer_top_exporter": "CZE",
      "supplier_count_latest": 69,
      "buyer_market_hhi": 2764.22,
      "distance_km": 1479.33154296875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.1080969336807658,
      "max_drawdown_pct": 64.3597965044704,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940120,
      "corridor_rank": 46,
      "exporter_iso3": "ESP",
      "importer_iso3": "AUS",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 15177942.52011196,
      "exports_all_year_avg_usd": 2437821.056386206,
      "exports_avg_3y_usd": 13775586.98619456,
      "exports_avg_5y_usd": 12518470.252240686,
      "exports_avg_10y_usd": 7237100.935750803,
      "exports_cagr_3y_pct": 7.693421143719381,
      "exports_cagr_5y_pct": 19.213745004810477,
      "exports_cagr_10y_pct": 66.16680267691191,
      "exports_historical_peak_usd": 15501409.784298552,
      "buyer_imports_latest_observed_usd": 44214615.711815044,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": -58.47338153319253,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 1.4403,
      "buyer_yoy_all_avg_pct": 7.7022,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 34.327885193076774,
      "market_share_change_1y_pp": -1.2365445538156905,
      "peer_best_share_pct": 34.32788519307678,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 46,
      "buyer_market_hhi": 1728.63,
      "distance_km": 17699.453125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.07872936858989897,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.9629686767640762,
      "max_drawdown_pct": 88.87536484351824,
      "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": 940120,
      "corridor_rank": 58,
      "exporter_iso3": "ESP",
      "importer_iso3": "JPN",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 11861364.54418457,
      "exports_all_year_avg_usd": 2675836.712909115,
      "exports_avg_3y_usd": 12304656.92712067,
      "exports_avg_5y_usd": 12958257.479442138,
      "exports_avg_10y_usd": 7792256.365971494,
      "exports_cagr_3y_pct": -14.781332942725001,
      "exports_cagr_5y_pct": 23.625385213458827,
      "exports_cagr_10y_pct": 45.34826273707828,
      "exports_historical_peak_usd": 19165954.06010209,
      "buyer_imports_latest_observed_usd": 63981794.384078845,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 68.96551724137932,
      "trend_acceleration_pct": -60.12959567980328,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 3.1689,
      "buyer_yoy_all_avg_pct": 6.1409,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 18.538655657235108,
      "market_share_change_1y_pp": 2.1219747827610966,
      "peer_best_share_pct": 35.8139909857261,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 45,
      "buyer_market_hhi": 1867.32,
      "distance_km": 10777.423828125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.039966357792484856,
      "tariff_advantage_pp": 0.030413669105984857,
      "volatility_cv": 1.853471220464886,
      "max_drawdown_pct": 99.29392147913161,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','buyer_macro_weakness']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940120,
      "corridor_rank": 77,
      "exporter_iso3": "ESP",
      "importer_iso3": "KOR",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 7982280.5011676615,
      "exports_all_year_avg_usd": 773809.6117787039,
      "exports_avg_3y_usd": 4779263.821139339,
      "exports_avg_5y_usd": 3154378.3519734507,
      "exports_avg_10y_usd": 1769885.4453437994,
      "exports_cagr_3y_pct": 91.6935510722087,
      "exports_cagr_5y_pct": 109.64030509632164,
      "exports_cagr_10y_pct": 201.93533813346835,
      "exports_historical_peak_usd": 7982280.5011676615,
      "buyer_imports_latest_observed_usd": 25963537.41737389,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 54.54545454545455,
      "trend_acceleration_pct": -110.24178706125964,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -6.233,
      "buyer_yoy_all_avg_pct": 12.3951,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 30.744194725277303,
      "market_share_change_1y_pp": 19.72216762113009,
      "peer_best_share_pct": 46.64350073135801,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 43,
      "buyer_market_hhi": 3183.97,
      "distance_km": 10012.6416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.1369564428626263,
      "tariff_advantage_pp": 0.11067370517943842,
      "volatility_cv": 2.30438453766307,
      "max_drawdown_pct": 99.95713303409238,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940120,
      "corridor_rank": 97,
      "exporter_iso3": "ESP",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 6235441.208705347,
      "exports_all_year_avg_usd": 9949625.079564624,
      "exports_avg_3y_usd": 20366601.450078156,
      "exports_avg_5y_usd": 13322396.92264299,
      "exports_avg_10y_usd": 8623380.496820845,
      "exports_cagr_3y_pct": 34.31108937874097,
      "exports_cagr_5y_pct": 9.607869186384965,
      "exports_cagr_10y_pct": 5.1732277120485115,
      "exports_historical_peak_usd": 37837955.283205695,
      "buyer_imports_latest_observed_usd": 176510228.07081026,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 34.48275862068966,
      "trend_acceleration_pct": 29.137861666692455,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -17.806,
      "buyer_yoy_all_avg_pct": 9.1366,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 3.532623166859138,
      "market_share_change_1y_pp": -4.395919148632679,
      "peer_best_share_pct": 40.490549575422314,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 59,
      "buyer_market_hhi": 2111.46,
      "distance_km": 1054.6563720703125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.125446866227439,
      "max_drawdown_pct": 92.3776860461382,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "ESP",
    "hs_code": 940120,
    "num_markets": 121,
    "highest_price_importer_iso3": "ZMB",
    "highest_price_usd_per_ton": 2161000,
    "lowest_price_importer_iso3": "GMB",
    "lowest_price_usd_per_ton": 100,
    "median_price_across_markets": 15355.155580250832,
    "price_spread_pct": 14072.797821594595,
    "avg_quantity_metric_tons": 63.101807174887895,
    "total_trade_value_usd": 403202320
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 40569873.62332104,
      "active_destinations": 76,
      "yoy_growth_pct": -29.593407542271542
    },
    {
      "year": 2011,
      "export_value_usd": 38478146.03133227,
      "active_destinations": 87,
      "yoy_growth_pct": -5.155864204581527
    },
    {
      "year": 2012,
      "export_value_usd": 36351946.71025066,
      "active_destinations": 94,
      "yoy_growth_pct": -5.525732241231871
    },
    {
      "year": 2013,
      "export_value_usd": 51033148.97469954,
      "active_destinations": 87,
      "yoy_growth_pct": 40.386289024540794
    },
    {
      "year": 2014,
      "export_value_usd": 43520492.52375293,
      "active_destinations": 93,
      "yoy_growth_pct": -14.721130484562353
    },
    {
      "year": 2015,
      "export_value_usd": 39665443.36671267,
      "active_destinations": 94,
      "yoy_growth_pct": -8.858009028588599
    },
    {
      "year": 2016,
      "export_value_usd": 45721421.890978016,
      "active_destinations": 96,
      "yoy_growth_pct": 15.267643596661623
    },
    {
      "year": 2017,
      "export_value_usd": 53106250.77608909,
      "active_destinations": 95,
      "yoy_growth_pct": 16.151791829046953
    },
    {
      "year": 2018,
      "export_value_usd": 73890730.21317482,
      "active_destinations": 97,
      "yoy_growth_pct": 39.137538676414856
    },
    {
      "year": 2019,
      "export_value_usd": 66339392.683366306,
      "active_destinations": 97,
      "yoy_growth_pct": -10.21960062923035
    },
    {
      "year": 2020,
      "export_value_usd": 52542360.6742146,
      "active_destinations": 93,
      "yoy_growth_pct": -20.79764594017925
    },
    {
      "year": 2021,
      "export_value_usd": 76377378.30701861,
      "active_destinations": 88,
      "yoy_growth_pct": 45.36343119524348
    },
    {
      "year": 2022,
      "export_value_usd": 116645053.04134022,
      "active_destinations": 93,
      "yoy_growth_pct": 52.72199128445505
    },
    {
      "year": 2023,
      "export_value_usd": 91934968.12189353,
      "active_destinations": 95,
      "yoy_growth_pct": -21.1839973279357
    },
    {
      "year": 2024,
      "export_value_usd": 107060010.92030795,
      "active_destinations": 101,
      "yoy_growth_pct": 16.45189323213843
    }
  ],
  "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
  }
}
```