Total foreign value added by country, embodied in total Spanish exports.

Example: The value added generated in Germany and embodied in Spain’s exports amounted to 11,105 million euros in 2023.

\(\sum_{\substack{z \neq t}} v^{t} C^{(ES) t, z} A^{z, ES} L^{ES} e^{ES} \quad \text{with} \quad t = \text{Country generating the value added} \quad \text{and} \quad z = \text{Rest of the world}\)

Where: \(v^{\text{t}}\) is the value added multiplier of the industries in country \(t\), \(C^{(ES)t,z}\) represents the production required in country \(t\) to meet the demand of \(z\), \(A^{z,ES}\) reflects the inputs from \(z\) to Spain used in the production process, \(L^{s}\) is the local Leontief inverse for Spain and \(e^{\text{ES}} \) denotes the exports of each industry in Spain.