{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:02.594Z", "seo": { "title": "Belgium exports to India: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Belgium to India, 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": "IND", "country_name": "India" }, "latestYear": 2024, "risk": { "exporter_iso3": "BEL", "importer_iso3": "IND", "all_history_lane_count": 1087, "current_lane_count": 932, "current_product_count": 932, "first_observed_last_year": 2000, "latest_data_year": 2024, "current_trade_usd": 2843291859.9281273, "attention_trade_usd": 1833967947.7945712, "critical_trade_usd": 1127725654.5485752, "high_volatility_trade_usd": 913283480.095992, "unrecovered_drawdown_trade_usd": 1752586277.3005488, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 1818859517.2444656, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 7, "high_attention_lane_count": 137, "high_volatility_lane_count": 604, "unrecovered_drawdown_lane_count": 604, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 446, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 0.8752201923194465, "trade_weighted_below_peak_pct": 56.00924552795881, "product_concentration_hhi": 1218.4472729227464, "top1_product_share_pct": 34.2004221369657, "top3_product_share_pct": 39.66333147685685, "top_product_hs6": "710231", "top_product_trade_usd": 972417818.681403, "top_product_description": "Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set", "top_attention_product_hs6": "710231", "top_attention_product_reason": "Current trade remains more than 50% below its historical peak", "distance_km": 6419.5986328125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": null, "has_reported_fta": 0, "avg_applied_tariff_pct": 53.23102001373737, "avg_mfn_tariff_pct": 53.23102001373737, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 17.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 3173397.590817, "buyer_gdp_pc_latest": 2277, "buyer_population_latest": 1393409.058, "buyer_gdp_5y_cagr_pct": 6.63597808578098, "buyer_gdp_pc_5y_cagr_pct": 5.710094876388561, "buyer_population_5y_cagr_pct": 0.8758701905197341, "buyer_investment_5y_avg_pct": 35.896, "buyer_savings_5y_avg_pct": 30.939999999999998, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 64.50157205602277, "critical_trade_share_pct": 39.662676577179866, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "concentrated_buyer_markets" ], "attention_level": "Critical attention", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 3173397.590817, "buyer_gdp_pc_2024": 2277, "buyer_population_2024": 1393409.058 }, "history": [ { "year": 1999, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 3471923074.3952775, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 3144671924.9088883, "yoy_growth_pct": -9.425645167653606, "cagr_3y_pct": null }, { "year": 2001, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 2744090438.384964, "yoy_growth_pct": -12.73841901760644, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 3634738932.946059, "yoy_growth_pct": 32.45696578008146, "cagr_3y_pct": 1.5393493635434963 }, { "year": 2003, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 4064319036.8336415, "yoy_growth_pct": 11.818733389454072, "cagr_3y_pct": 8.927486568271048 }, { "year": 2004, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 4803364581.388487, "yoy_growth_pct": 18.183748319389025, "cagr_3y_pct": 20.517202927097156 }, { "year": 2005, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 5702832792.922852, "yoy_growth_pct": 18.72579514408543, "cagr_3y_pct": 16.19991359672619 }, { "year": 2006, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 5328676881.894215, "yoy_growth_pct": -6.560878156781314, "cagr_3y_pct": 9.448680889962047 }, { "year": 2007, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 6049257996.252213, "yoy_growth_pct": 13.522702357997908, "cagr_3y_pct": 7.990491704353708 }, { "year": 2008, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 6411183217.847614, "yoy_growth_pct": 5.982968850388448, "cagr_3y_pct": 3.979849220882703 }, { "year": 2009, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 5800335615.862894, "yoy_growth_pct": -9.527845036220883, "cagr_3y_pct": 2.867435333751134 }, { "year": 2010, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 7832995519.00422, "yoy_growth_pct": 35.043832594485735, "cagr_3y_pct": 8.995505598352981 }, { "year": 2011, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 10174434689.814129, "yoy_growth_pct": 29.892001918412525, "cagr_3y_pct": 16.642647017836087 }, { "year": 2012, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 9738902655.152119, "yoy_growth_pct": -4.2806509446469025, "cagr_3y_pct": 18.85541348045503 }, { "year": 2013, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 9971008249.503582, "yoy_growth_pct": 2.3832828252849714, "cagr_3y_pct": 8.37698521479906 }, { "year": 2014, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 10983003582.47412, "yoy_growth_pct": 10.149378153617716, "cagr_3y_pct": 2.5817914052656876 }, { "year": 2015, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 8199221699.407937, "yoy_growth_pct": -25.346271283279375, "cagr_3y_pct": -5.574882294047578 }, { "year": 2016, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 8162435898.753314, "yoy_growth_pct": -0.4486499085306961, "cagr_3y_pct": -6.453637962757597 }, { "year": 2017, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 7198042623.153456, "yoy_growth_pct": -11.815018060321359, "cagr_3y_pct": -13.137745698346315 }, { "year": 2018, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 9066193131.598614, "yoy_growth_pct": 25.95359052801389, "cagr_3y_pct": 3.4072000553818205 }, { "year": 2019, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 8083328529.4628725, "yoy_growth_pct": -10.840984610289627, "cagr_3y_pct": -0.3241038794728701 }, { "year": 2020, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 5596749702.885421, "yoy_growth_pct": -30.761818197963088, "cagr_3y_pct": -8.045322915240682 }, { "year": 2021, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 8112569761.059463, "yoy_growth_pct": 44.95144846082724, "cagr_3y_pct": -3.636812012012658 }, { "year": 2022, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 8191003034.688497, "yoy_growth_pct": 0.9668117001041532, "cagr_3y_pct": 0.4420617764157253 }, { "year": 2023, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 3854604546.316813, "yoy_growth_pct": -52.940994772035225, "cagr_3y_pct": -11.689031404200245 }, { "year": 2024, "exporter_iso3": "BEL", "importer_iso3": "IND", "export_value_usd": 2952573461.471417, "yoy_growth_pct": -23.401391089711478, "cagr_3y_pct": -28.602869779260587 } ], "riskLanes": [ { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "710231", "hs_description": "Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set", "buyer_imports_latest_usd": 11147661544.162497, "current_below_peak_pct": 89.25918708065842, "lane_volatility_cv": 0.4212404129678773, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "760200", "hs_description": "Aluminium: waste and scrap", "buyer_imports_latest_usd": 3388461868.8749886, "current_below_peak_pct": 0, "lane_volatility_cv": 0.8417716343742363, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "530121", "hs_description": "Flax: broken or scutched, but not spun", "buyer_imports_latest_usd": 143196478.82787588, "current_below_peak_pct": 0, "lane_volatility_cv": 1.4828526393259263, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "292141", "hs_description": "Amine-function compounds: aromatic monoamines and their derivatives, aniline and its salts", "buyer_imports_latest_usd": 231155632.8320677, "current_below_peak_pct": 0, "lane_volatility_cv": 2.203227582164312, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "710239", "hs_description": "Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set", "buyer_imports_latest_usd": 5055166826.730026, "current_below_peak_pct": 94.39700639699618, "lane_volatility_cv": 0.8853356197638309, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "300220", "hs_description": "Vaccines: for human medicine", "buyer_imports_latest_usd": 278260751.6862609, "current_below_peak_pct": 65.71825655227966, "lane_volatility_cv": 0.7923355482598256, "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": "IND", "hs_code": "844630", "hs_description": "Weaving machines (looms): for weaving fabrics of a width exceeding 30cm, shuttleless type", "buyer_imports_latest_usd": 500316279.7260337, "current_below_peak_pct": 58.146770440508476, "lane_volatility_cv": 0.6425836025305915, "attention_level": "Critical attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "530129", "hs_description": "Flax: hackled or otherwise processed, but not spun", "buyer_imports_latest_usd": 123815612.66980845, "current_below_peak_pct": 0, "lane_volatility_cv": 1.1002048149250192, "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": "IND", "hs_code": "880260", "hs_description": "Spacecraft: (including satellites) and suborbital and spacecraft launch vehicles", "buyer_imports_latest_usd": 36827690.26405029, "current_below_peak_pct": 0, "lane_volatility_cv": 1.2892562347800016, "attention_level": "High attention", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility", "concentrated_buyer_market", "dominant_supplier", "limited_history" ] }, { "exporter_iso3": "BEL", "importer_iso3": "IND", "hs_code": "390490", "hs_description": "Vinyl chloride, other halogenated olefin polymers: n.e.c. in heading no. 3904", "buyer_imports_latest_usd": 283762981.30530506, "current_below_peak_pct": 62.89515563177234, "lane_volatility_cv": 0.9381139914109002, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "BEL", "importer_iso3": "IND", "distance_km": 6422, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 0, "shared_colonial_history": 0, "has_fta": 0, "rta_coverage_ratio": null, "exporter_is_wto": 1, "importer_is_wto": 1, "exporter_is_eu": 1, "importer_is_eu": 0, "importer_gdp_million_usd": 3173397.5908170003, "importer_gdp_per_capita_usd": 2277.434305882774, "importer_population": 1393409.058, "importer_biz_entry_days": 17.5, "importer_biz_entry_cost_pct": 7.2, "exporter_gdp_million_usd": 599879.0253780001, "exporter_gdp_per_capita_usd": 51767.78857240694, "avg_applied_tariff_pct": 53.23102001373737, "avg_mfn_tariff_pct": 53.23102001373737, "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-IND/risk", "html": "https://www.yugalinks.com/trade/corridor/BEL-IND/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/BEL-IND/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/BEL-IND/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/BEL-IND/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" } }