{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:05.793Z",
  "seo": {
    "title": "Andorra exports to Belgium: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Andorra to Belgium, the product routes that need a closer look, and the conditions that may affect planning."
  },
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "email": "support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "exporter": {
    "iso3": "AND",
    "country_name": "Andorra"
  },
  "importer": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "AND",
    "importer_iso3": "BEL",
    "all_history_lane_count": 10,
    "current_lane_count": 3,
    "current_product_count": 3,
    "first_observed_last_year": 2005,
    "latest_data_year": 2024,
    "current_trade_usd": 1960028.6469352678,
    "attention_trade_usd": 0,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 1904019.077136734,
    "unrecovered_drawdown_trade_usd": 0,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 426808.80418940785,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 0,
    "high_volatility_lane_count": 2,
    "unrecovered_drawdown_lane_count": 0,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 1,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 2.1156775958631733,
    "trade_weighted_below_peak_pct": 0,
    "product_concentration_hhi": 6162.494312006317,
    "top1_product_share_pct": 75.36676952436974,
    "top3_product_share_pct": 100.00000000000003,
    "top_product_hs6": "870324",
    "top_product_trade_usd": 1477210.272947326,
    "top_product_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc",
    "top_attention_product_hs6": "",
    "top_attention_product_reason": "",
    "distance_km": 952.5,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 599879.025378,
    "buyer_gdp_pc_latest": 51768,
    "buyer_population_latest": 11587.882,
    "buyer_gdp_5y_cagr_pct": 4.5783569491818055,
    "buyer_gdp_pc_5y_cagr_pct": 3.918136849252618,
    "buyer_population_5y_cagr_pct": 0.6353271141561478,
    "buyer_investment_5y_avg_pct": 23.874000000000002,
    "buyer_savings_5y_avg_pct": 24.938,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 0,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "concentrated_product_mix",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Stable",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 599879.025378,
    "buyer_gdp_pc_2024": 51768,
    "buyer_population_2024": 11587.882
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 573043.93534882,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 136644.70783290567,
      "yoy_growth_pct": -76.15458442122276,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 57895.183509346156,
      "yoy_growth_pct": -57.63086296752701,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 118277.8101762719,
      "yoy_growth_pct": 104.29645957884914,
      "cagr_3y_pct": -40.902135916815105
    },
    {
      "year": 2003,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 2064129.2972365997,
      "yoy_growth_pct": 1645.153460450768,
      "cagr_3y_pct": 147.19975000970717
    },
    {
      "year": 2004,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 1482746.6841879878,
      "yoy_growth_pct": -28.165997829058053,
      "cagr_3y_pct": 194.76427208335753
    },
    {
      "year": 2005,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 1534926.00950564,
      "yoy_growth_pct": 3.51909910668442,
      "cagr_3y_pct": 134.996497836677
    },
    {
      "year": 2006,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 1819615.26494606,
      "yoy_growth_pct": 18.54742532717333,
      "cagr_3y_pct": -4.115687685524461
    },
    {
      "year": 2007,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 2389803.595751143,
      "yoy_growth_pct": 31.33565329932455,
      "cagr_3y_pct": 17.246102892300684
    },
    {
      "year": 2008,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 2848988.1256902306,
      "yoy_growth_pct": 19.214320823496813,
      "cagr_3y_pct": 22.89505207463145
    },
    {
      "year": 2009,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 891951.7877863322,
      "yoy_growth_pct": -68.692330454335,
      "cagr_3y_pct": -21.152619499305192
    },
    {
      "year": 2010,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 619529.7129544019,
      "yoy_growth_pct": -30.5422421438309,
      "cagr_3y_pct": -36.23730814053759
    },
    {
      "year": 2011,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 409854.93707975093,
      "yoy_growth_pct": -33.84418398187194,
      "cagr_3y_pct": -47.60218499125768
    },
    {
      "year": 2012,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 512303.002172647,
      "yoy_growth_pct": 24.996176896842258,
      "cagr_3y_pct": -16.875603191698254
    },
    {
      "year": 2013,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 276620.80915978295,
      "yoy_growth_pct": -46.00445283618282,
      "cagr_3y_pct": -23.56817391668171
    },
    {
      "year": 2014,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 798625.0945597272,
      "yoy_growth_pct": 188.70752601205135,
      "cagr_3y_pct": 24.902441352725724
    },
    {
      "year": 2015,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 257038.73977981386,
      "yoy_growth_pct": -67.81484309336456,
      "cagr_3y_pct": -20.53841428914902
    },
    {
      "year": 2016,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 329258.31658019224,
      "yoy_growth_pct": 28.09676738309703,
      "cagr_3y_pct": 5.978386215280862
    },
    {
      "year": 2017,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 734222.8675939911,
      "yoy_growth_pct": 122.99296042691394,
      "cagr_3y_pct": -2.76372392423897
    },
    {
      "year": 2018,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 247605.8734836675,
      "yoy_growth_pct": -66.27646939204459,
      "cagr_3y_pct": -1.2385510239034114
    },
    {
      "year": 2019,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 173755.495340862,
      "yoy_growth_pct": -29.825778001052473,
      "cagr_3y_pct": -19.189598385038398
    },
    {
      "year": 2020,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 208822.04146577575,
      "yoy_growth_pct": 20.181546520944593,
      "cagr_3y_pct": -34.23681928982556
    },
    {
      "year": 2021,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 509449.3715571007,
      "yoy_growth_pct": 143.9634092173145,
      "cagr_3y_pct": 27.188163399437283
    },
    {
      "year": 2022,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 1187656.351099753,
      "yoy_growth_pct": 133.12549144378264,
      "cagr_3y_pct": 89.78013397507718
    },
    {
      "year": 2023,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 1077405.4499680481,
      "yoy_growth_pct": -9.283064164950927,
      "cagr_3y_pct": 72.79623556534472
    },
    {
      "year": 2024,
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "export_value_usd": 2344651.6818013294,
      "yoy_growth_pct": 117.62018020893277,
      "cagr_3y_pct": 66.33836727539126
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "hs_code": "870324",
      "hs_description": "Vehicles: spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000cc",
      "buyer_imports_latest_usd": 724493286.4491887,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 2.406561096440583,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "hs_code": "970110",
      "hs_description": "Paintings, drawings and pastels: executed entirely by hand, other than drawings of heading no. 4906",
      "buyer_imports_latest_usd": 317412033.5249634,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.2842291580254177,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market",
        "limited_history"
      ]
    },
    {
      "exporter_iso3": "AND",
      "importer_iso3": "BEL",
      "hs_code": "491191",
      "hs_description": "Printed matter: pictures, designs and photographs, n.e.c. in item no. 4911.10",
      "buyer_imports_latest_usd": 15371263.264515115,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7797169367419466,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "AND",
    "importer_iso3": "BEL",
    "distance_km": 952,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": 0,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 1,
    "rta_coverage_ratio": 1,
    "exporter_is_wto": 0,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 599879.0253780001,
    "importer_gdp_per_capita_usd": 51767.78857240694,
    "importer_population": 11587.882,
    "importer_biz_entry_days": 5,
    "importer_biz_entry_cost_pct": 5.3,
    "exporter_gdp_million_usd": 3329.910724,
    "exporter_gdp_per_capita_usd": 43047.68627349587,
    "avg_applied_tariff_pct": null,
    "avg_mfn_tariff_pct": null,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-08-29",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-08-29"
      }
    ]
  },
  "links": {
    "canonical": "https://www.yugalinks.com/trade/corridor/AND-BEL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/AND-BEL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/AND-BEL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/AND-BEL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/AND-BEL/risk/index.ld.json",
    "home": "https://www.yugalinks.com/",
    "tradeHub": "https://www.yugalinks.com/trade/",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "workspace": "https://www.yugalinks.com/app/corridors",
    "contact": "https://www.yugalinks.com/contact",
    "email": "mailto:support@yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  }
}