{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:02.606Z",
  "seo": {
    "title": "Belgium exports to Norway: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Belgium to Norway, 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": "NOR",
    "country_name": "Norway"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "BEL",
    "importer_iso3": "NOR",
    "all_history_lane_count": 811,
    "current_lane_count": 778,
    "current_product_count": 778,
    "first_observed_last_year": 2002,
    "latest_data_year": 2024,
    "current_trade_usd": 2107243983.1221042,
    "attention_trade_usd": 854783977.173066,
    "critical_trade_usd": 290099967.5364311,
    "high_volatility_trade_usd": 1094947187.077039,
    "unrecovered_drawdown_trade_usd": 558081428.3039067,
    "declining_demand_trade_usd": 2275455.814640942,
    "concentrated_market_trade_usd": 919772420.6697391,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 6,
    "high_attention_lane_count": 58,
    "high_volatility_lane_count": 307,
    "unrecovered_drawdown_lane_count": 468,
    "declining_demand_lane_count": 3,
    "concentrated_market_lane_count": 207,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.1287677568145147,
    "trade_weighted_below_peak_pct": 31.939724993742466,
    "product_concentration_hhi": 378.4542285287492,
    "top1_product_share_pct": 12.092876436440141,
    "top3_product_share_pct": 28.877499377121236,
    "top_product_hs6": "890120",
    "top_product_trade_usd": 254826411.0932756,
    "top_product_description": "Tankers",
    "top_attention_product_hs6": "890120",
    "top_attention_product_reason": "Trade has varied substantially across reported years",
    "distance_km": 1087.7725830078125,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_reported_fta": 1,
    "avg_applied_tariff_pct": 2.7626026818626266,
    "avg_mfn_tariff_pct": 3.487252744353131,
    "avg_preferential_tariff_pct": 4.0095284787272725,
    "tariff_advantage_pp": -0.5222757343741419,
    "buyer_biz_entry_days": 4,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": 482437.01979000005,
    "buyer_gdp_pc_latest": 89203,
    "buyer_population_latest": 5408.32,
    "buyer_gdp_5y_cagr_pct": 3.4203268959053013,
    "buyer_gdp_pc_5y_cagr_pct": 2.573677479094294,
    "buyer_population_5y_cagr_pct": 0.8254061252542577,
    "buyer_investment_5y_avg_pct": 24.656,
    "buyer_savings_5y_avg_pct": 34.356,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 40.56407250510278,
    "critical_trade_share_pct": 13.766795390565898,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Critical attention",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": 482437.01979000005,
    "buyer_gdp_pc_2024": 89203,
    "buyer_population_2024": 5408.32
  },
  "history": [
    {
      "year": 1999,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 773420183.0913084,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 631410670.5041336,
      "yoy_growth_pct": -18.361236969479165,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 619100679.0069716,
      "yoy_growth_pct": -1.949601435676307,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 706745264.0259974,
      "yoy_growth_pct": 14.156758018680659,
      "cagr_3y_pct": -2.9603692643025092
    },
    {
      "year": 2003,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 819037356.9659368,
      "yoy_growth_pct": 15.888623335126972,
      "cagr_3y_pct": 9.059607728249874
    },
    {
      "year": 2004,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1138187674.7507398,
      "yoy_growth_pct": 38.966515394007395,
      "cagr_3y_pct": 22.504168260446257
    },
    {
      "year": 2005,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1362093777.4602919,
      "yoy_growth_pct": 19.672160196128186,
      "cagr_3y_pct": 24.446121913521267
    },
    {
      "year": 2006,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1463166737.1184354,
      "yoy_growth_pct": 7.420411232374935,
      "cagr_3y_pct": 21.337963873491496
    },
    {
      "year": 2007,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1667540691.0406916,
      "yoy_growth_pct": 13.967919631958758,
      "cagr_3y_pct": 13.576248784920875
    },
    {
      "year": 2008,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1888526401.3797722,
      "yoy_growth_pct": 13.252192976542364,
      "cagr_3y_pct": 11.507826470734539
    },
    {
      "year": 2009,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1511685900.289303,
      "yoy_growth_pct": -19.954208784963058,
      "cagr_3y_pct": 1.093348286759821
    },
    {
      "year": 2010,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1365544775.335329,
      "yoy_growth_pct": -9.667426608001428,
      "cagr_3y_pct": -6.442953838747734
    },
    {
      "year": 2011,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1712406861.0327365,
      "yoy_growth_pct": 25.401004197187937,
      "cagr_3y_pct": -3.2105624358160223
    },
    {
      "year": 2012,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1643270493.3837636,
      "yoy_growth_pct": -4.03737973855568,
      "cagr_3y_pct": 2.8211597868162963
    },
    {
      "year": 2013,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1665850299.979116,
      "yoy_growth_pct": 1.3740772858920502,
      "cagr_3y_pct": 6.850528716296789
    },
    {
      "year": 2014,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1566711309.7720673,
      "yoy_growth_pct": -5.951254455955102,
      "cagr_3y_pct": -2.9205427186212107
    },
    {
      "year": 2015,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1201638909.2211843,
      "yoy_growth_pct": -23.301829652585802,
      "cagr_3y_pct": -9.907568458547244
    },
    {
      "year": 2016,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1300501095.4399152,
      "yoy_growth_pct": 8.22727904864584,
      "cagr_3y_pct": -7.921496926275829
    },
    {
      "year": 2017,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1246918565.5534654,
      "yoy_growth_pct": -4.1201449252393445,
      "cagr_3y_pct": -7.327750680119505
    },
    {
      "year": 2018,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1318884898.6690197,
      "yoy_growth_pct": 5.771534333006811,
      "cagr_3y_pct": 3.1519964041280435
    },
    {
      "year": 2019,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1331633817.007588,
      "yoy_growth_pct": 0.9666437421062435,
      "cagr_3y_pct": 0.7916831668065782
    },
    {
      "year": 2020,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1297206196.9548273,
      "yoy_growth_pct": -2.585366908909348,
      "cagr_3y_pct": 1.326639882754077
    },
    {
      "year": 2021,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 1971469515.060215,
      "yoy_growth_pct": 51.97811417245855,
      "cagr_3y_pct": 14.339000139852542
    },
    {
      "year": 2022,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 2331460257.1172013,
      "yoy_growth_pct": 18.260020726011117,
      "cagr_3y_pct": 20.526089791427495
    },
    {
      "year": 2023,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 2643507508.231123,
      "yoy_growth_pct": 13.384197743081462,
      "cagr_3y_pct": 26.781877191676173
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "export_value_usd": 2236150790.588183,
      "yoy_growth_pct": -15.409705339385205,
      "cagr_3y_pct": 4.288640652472164
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "hs_code": "890120",
      "hs_description": "Tankers",
      "buyer_imports_latest_usd": 714738397.7113862,
      "current_below_peak_pct": 48.06837741806642,
      "lane_volatility_cv": 1.2226979965628675,
      "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": "NOR",
      "hs_code": "870380",
      "hs_description": "Vehicles: with only electric motor for propulsion",
      "buyer_imports_latest_usd": 4189229314.9193025,
      "current_below_peak_pct": 66.29724727276204,
      "lane_volatility_cv": 2.2474455761623355,
      "attention_level": "Critical 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": "NOR",
      "hs_code": "271019",
      "hs_description": "",
      "buyer_imports_latest_usd": 3756371422.072165,
      "current_below_peak_pct": 21.884117577302327,
      "lane_volatility_cv": 0.9397642337936213,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "hs_code": "271012",
      "hs_description": "",
      "buyer_imports_latest_usd": 509736851.1793439,
      "current_below_peak_pct": 37.24336664979596,
      "lane_volatility_cv": 1.127824246121069,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "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": 1490723687.904375,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.3715028783703852,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "hs_code": "110900",
      "hs_description": "Wheat gluten: whether or not dried",
      "buyer_imports_latest_usd": 304918841.1971517,
      "current_below_peak_pct": 9.523764505745266,
      "lane_volatility_cv": 0.8196123479163969,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "hs_code": "870340",
      "hs_description": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power",
      "buyer_imports_latest_usd": 136580651.62948754,
      "current_below_peak_pct": 2.7019331880246336,
      "lane_volatility_cv": 1.87737068441106,
      "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": "NOR",
      "hs_code": "151411",
      "hs_description": "Vegetable oils: low erucic acid rape or colza oil and its fractions, crude",
      "buyer_imports_latest_usd": 414146366.72659326,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.0494942144625081,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "BEL",
      "importer_iso3": "NOR",
      "hs_code": "300220",
      "hs_description": "Vaccines: for human medicine",
      "buyer_imports_latest_usd": 75332876.55977759,
      "current_below_peak_pct": 73.08394525810125,
      "lane_volatility_cv": 2.0481640389008957,
      "attention_level": "Critical 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": "NOR",
      "hs_code": "190590",
      "hs_description": "Food preparations: bakers' wares n.e.c. in heading no. 1605, whether or not containing cocoa: communion wafers, empty cachets suitable for pharmaceutical use, sealing wafers, rice papers and similar products",
      "buyer_imports_latest_usd": 366587951.4289481,
      "current_below_peak_pct": 11.606590803636665,
      "lane_volatility_cv": 0.4970313452766035,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "NOR",
    "distance_km": 1086,
    "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": 1,
    "rta_coverage_ratio": 1,
    "exporter_is_wto": 1,
    "importer_is_wto": 1,
    "exporter_is_eu": 1,
    "importer_is_eu": 0,
    "importer_gdp_million_usd": 482437.01979000005,
    "importer_gdp_per_capita_usd": 89202.75053805989,
    "importer_population": 5408.32,
    "importer_biz_entry_days": 4,
    "importer_biz_entry_cost_pct": 0.8,
    "exporter_gdp_million_usd": 599879.0253780001,
    "exporter_gdp_per_capita_usd": 51767.78857240694,
    "avg_applied_tariff_pct": 2.7626026818626266,
    "avg_mfn_tariff_pct": 3.487252744353131,
    "avg_preferential_tariff_pct": 4.0095284787272725,
    "tariff_advantage_pp": -0.5222757343741419
  },
  "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-NOR/risk",
    "html": "https://www.yugalinks.com/trade/corridor/BEL-NOR/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/BEL-NOR/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/BEL-NOR/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/BEL-NOR/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"
  }
}