{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:10.240Z",
  "seo": {
    "title": "Belgium exports to Azerbaijan: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Belgium to Azerbaijan, 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": "BEL",
    "country_name": "Belgium"
  },
  "importer": {
    "iso3": "AZE",
    "country_name": "Azerbaijan"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BEL",
    "importer_iso3": "AZE",
    "all_history_lane_count": 113,
    "current_lane_count": 88,
    "current_product_count": 88,
    "first_observed_last_year": 1999,
    "latest_data_year": 2024,
    "current_trade_usd": 38340343.65513314,
    "attention_trade_usd": 5505663.916166944,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 14773371.13686227,
    "unrecovered_drawdown_trade_usd": 20598291.581323892,
    "declining_demand_trade_usd": 0,
    "concentrated_market_trade_usd": 14073994.371068783,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 3,
    "high_volatility_lane_count": 57,
    "unrecovered_drawdown_lane_count": 45,
    "declining_demand_lane_count": 0,
    "concentrated_market_lane_count": 40,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 0.9639372842661367,
    "trade_weighted_below_peak_pct": 39.870696298189294,
    "product_concentration_hhi": 1206.709091343647,
    "top1_product_share_pct": 31.801132584570162,
    "top3_product_share_pct": 46.76468942827399,
    "top_product_hs6": "271019",
    "top_product_trade_usd": 12192663.519148726,
    "top_product_description": "",
    "top_attention_product_hs6": "381121",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 3666.249755859375,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 0,
    "avg_applied_tariff_pct": 9.781613727203066,
    "avg_mfn_tariff_pct": 9.781613727203066,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "buyer_biz_entry_days": 3.5,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 54622.176471,
    "buyer_gdp_pc_latest": 5384,
    "buyer_population_latest": 10145.212,
    "buyer_gdp_5y_cagr_pct": 9.0569535704234,
    "buyer_gdp_pc_5y_cagr_pct": 8.672559409025471,
    "buyer_population_5y_cagr_pct": 0.35371777704353846,
    "buyer_investment_5y_avg_pct": 29.036,
    "buyer_savings_5y_avg_pct": 40.227999999999994,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 14.359975397429247,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Current trade remains materially below historical peaks",
    "buyer_gdp_mn_2024": 54622.176471,
    "buyer_gdp_pc_2024": 5384,
    "buyer_population_2024": 10145.212
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 8098893.501976091,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 5871121.701236963,
      "yoy_growth_pct": -27.507113165465903,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 17482008.7117169,
      "yoy_growth_pct": 197.76266957698536,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 13640085.492344767,
      "yoy_growth_pct": -21.976440366358908,
      "cagr_3y_pct": 18.97721571001496
    },
    {
      "year": 2003,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 32652012.783334646,
      "yoy_growth_pct": 139.38275754693734,
      "cagr_3y_pct": 77.17249115372529
    },
    {
      "year": 2004,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 47484820.36975743,
      "yoy_growth_pct": 45.426931824531636,
      "cagr_3y_pct": 39.52578963287976
    },
    {
      "year": 2005,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 31372838.342421006,
      "yoy_growth_pct": -33.93080546977908,
      "cagr_3y_pct": 32.00151218605232
    },
    {
      "year": 2006,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 33327765.899134595,
      "yoy_growth_pct": 6.2312741211885125,
      "cagr_3y_pct": 0.6851484509429628
    },
    {
      "year": 2007,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 45754172.77434368,
      "yoy_growth_pct": 37.285448154002275,
      "cagr_3y_pct": -1.2299433670762139
    },
    {
      "year": 2008,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 62875737.507527456,
      "yoy_growth_pct": 37.42077212853594,
      "cagr_3y_pct": 26.079098115286637
    },
    {
      "year": 2009,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 55310835.622185074,
      "yoy_growth_pct": -12.031511971428909,
      "cagr_3y_pct": 18.39535731679827
    },
    {
      "year": 2010,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 53429486.402697936,
      "yoy_growth_pct": -3.4014116733621202,
      "cagr_3y_pct": 5.305267876463815
    },
    {
      "year": 2011,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 61441328.015544675,
      "yoy_growth_pct": 14.995168683564541,
      "cagr_3y_pct": -0.7663039598192589
    },
    {
      "year": 2012,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 71854718.02981947,
      "yoy_growth_pct": 16.9485106370751,
      "cagr_3y_pct": 9.114304782012695
    },
    {
      "year": 2013,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 82010073.2605897,
      "yoy_growth_pct": 14.133178042053963,
      "cagr_3y_pct": 15.352957422315438
    },
    {
      "year": 2014,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 106769331.35630731,
      "yoy_growth_pct": 30.190508447717445,
      "cagr_3y_pct": 20.225145020839875
    },
    {
      "year": 2015,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 64817534.66604732,
      "yoy_growth_pct": -39.29199158348173,
      "cagr_3y_pct": -3.377321377106468
    },
    {
      "year": 2016,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 41613980.55644864,
      "yoy_growth_pct": -35.798266979989215,
      "cagr_3y_pct": -20.23898229527733
    },
    {
      "year": 2017,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 55505447.18190845,
      "yoy_growth_pct": 33.38172998523004,
      "cagr_3y_pct": -19.592536736290313
    },
    {
      "year": 2018,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 51743734.48996516,
      "yoy_growth_pct": -6.777195541934821,
      "cagr_3y_pct": -7.234087613585194
    },
    {
      "year": 2019,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 61353577.502643935,
      "yoy_growth_pct": 18.57199351264922,
      "cagr_3y_pct": 13.815185478692694
    },
    {
      "year": 2020,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 42419620.504617915,
      "yoy_growth_pct": -30.860396033483283,
      "cagr_3y_pct": -8.572455135885415
    },
    {
      "year": 2021,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 58748567.95826087,
      "yoy_growth_pct": 38.49385557766918,
      "cagr_3y_pct": 4.322944954134078
    },
    {
      "year": 2022,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 56800294.97427747,
      "yoy_growth_pct": -3.3162901696048075,
      "cagr_3y_pct": -2.5376452670483496
    },
    {
      "year": 2023,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 69166626.11828612,
      "yoy_growth_pct": 21.771596696124295,
      "cagr_3y_pct": 17.700038329905475
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "export_value_usd": 65404625.979887,
      "yoy_growth_pct": -5.439039533264911,
      "cagr_3y_pct": 3.642304389608797
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 394355254.3651551,
      "current_below_peak_pct": 58.510219105650016,
      "lane_volatility_cv": 0.5632408167860441,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "381121",
      "hs_description": "Lubricating oil additives: containing petroleum oils or oils obtained from bituminous minerals",
      "buyer_imports_latest_usd": 22121421.24008237,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7179734365630475,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility",
        "concentrated_buyer_market"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "230990",
      "hs_description": "Dog or cat food: (not put up for retail sale), used in animal feeding",
      "buyer_imports_latest_usd": 34685293.84719158,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7979539869997598,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "300220",
      "hs_description": "Vaccines: for human medicine",
      "buyer_imports_latest_usd": 13434565.441687215,
      "current_below_peak_pct": 89.74110650829658,
      "lane_volatility_cv": 1.439422416750228,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown",
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "300490",
      "hs_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 304512511.10688865,
      "current_below_peak_pct": 74.73563298541674,
      "lane_volatility_cv": 0.6279505005319598,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "841490",
      "hs_description": "Pumps and compressors: parts, of air or vacuum pumps, air or other gas compressors and fans, ventilating or recycling hoods incorporating a fan",
      "buyer_imports_latest_usd": 13007148.320286544,
      "current_below_peak_pct": 78.81709180809683,
      "lane_volatility_cv": 1.6361854749053844,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": [
        "high_volatility",
        "unrecovered_drawdown"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "040510",
      "hs_description": "Dairy produce: derived from milk, butter",
      "buyer_imports_latest_usd": 111311351.89487524,
      "current_below_peak_pct": 45.38621893331669,
      "lane_volatility_cv": 0.8972454595718218,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "300420",
      "hs_description": "Medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale",
      "buyer_imports_latest_usd": 18194337.59424773,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.868712518425541,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "290110",
      "hs_description": "Acyclic hydrocarbons: saturated",
      "buyer_imports_latest_usd": 14722633.266358191,
      "current_below_peak_pct": 14.855428801395396,
      "lane_volatility_cv": 0.6674580544069828,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market",
        "dominant_supplier"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "AZE",
      "hs_code": "870380",
      "hs_description": "Vehicles: with only electric motor for propulsion",
      "buyer_imports_latest_usd": 57804774.27607318,
      "current_below_peak_pct": 43.095592636074656,
      "lane_volatility_cv": 0.778525987576971,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": [
        "concentrated_buyer_market"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "AZE",
    "distance_km": 3672,
    "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": 0,
    "rta_coverage_ratio": null,
    "exporter_is_wto": 1,
    "importer_is_wto": 0,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 54622.176471000006,
    "importer_gdp_per_capita_usd": 5384.034998085797,
    "importer_population": 10145.212,
    "importer_biz_entry_days": 3.5,
    "importer_biz_entry_cost_pct": 1.2,
    "exporter_gdp_million_usd": 599879.0253780001,
    "exporter_gdp_per_capita_usd": 51767.78857240694,
    "avg_applied_tariff_pct": 9.781613727203066,
    "avg_mfn_tariff_pct": 9.781613727203066,
    "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/BEL-AZE/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BEL-AZE/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BEL-AZE/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BEL-AZE/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BEL-AZE/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"
  }
}