{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:48:10.210Z", "seo": { "title": "Belarus exports to Iceland: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Belarus to Iceland, 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": "BLR", "country_name": "Belarus" }, "importer": { "iso3": "ISL", "country_name": "Iceland" }, "latestYear": 2024, "risk": { "exporter_iso3": "BLR", "importer_iso3": "ISL", "all_history_lane_count": 5, "current_lane_count": 2, "current_product_count": 2, "first_observed_last_year": 2002, "latest_data_year": 2024, "current_trade_usd": 9963158.739427239, "attention_trade_usd": 9924033.105291229, "critical_trade_usd": 0, "high_volatility_trade_usd": 0, "unrecovered_drawdown_trade_usd": 39125.634136010485, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 9963158.739427239, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 1, "high_volatility_lane_count": 0, "unrecovered_drawdown_lane_count": 1, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 2, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 0.8484720782229151, "trade_weighted_below_peak_pct": 29.40081742884289, "product_concentration_hhi": 9921.767809640387, "top1_product_share_pct": 99.60729689088282, "top3_product_share_pct": 100, "top_product_hs6": "721420", "top_product_trade_usd": 9924033.105291229, "top_product_description": "Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling", "top_attention_product_hs6": "721420", "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers", "distance_km": 2965.109375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": 0, "has_reported_fta": 0, "avg_applied_tariff_pct": 3.662871201992337, "avg_mfn_tariff_pct": 3.662871201992337, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 11.5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 25458.933916, "buyer_gdp_pc_latest": 68384, "buyer_population_latest": 372.295, "buyer_gdp_5y_cagr_pct": 5.884796260042391, "buyer_gdp_pc_5y_cagr_pct": 4.423582580964003, "buyer_population_5y_cagr_pct": 1.399313874282604, "buyer_investment_5y_avg_pct": 23.401999999999997, "buyer_savings_5y_avg_pct": 24.644, "buyer_macro_resilience_label": "Buyer macro trend resilient", "attention_trade_share_pct": 99.60729689088282, "critical_trade_share_pct": 0, "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets" ], "attention_level": "High attention", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 25458.933916, "buyer_gdp_pc_2024": 68384, "buyer_population_2024": 372.295 }, "history": [ { "year": 1995, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 662735.4465218661, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 1996, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 900015.9902710848, "yoy_growth_pct": 35.80320699526518, "cagr_3y_pct": null }, { "year": 1997, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 1148560.3071592173, "yoy_growth_pct": 27.615544565299444, "cagr_3y_pct": null }, { "year": 1998, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 746951.3857414038, "yoy_growth_pct": -34.96628944205201, "cagr_3y_pct": 4.068040970099829 }, { "year": 1999, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 698969.942544604, "yoy_growth_pct": -6.423636680073197, "cagr_3y_pct": -8.081536035746062 }, { "year": 2000, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 2055172.352425611, "yoy_growth_pct": 194.02871673476326, "cagr_3y_pct": 21.40357670087356 }, { "year": 2001, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 1759318.8452958358, "yoy_growth_pct": -14.395556984823932, "cagr_3y_pct": 33.05077414965698 }, { "year": 2002, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 1406862.1383134588, "yoy_growth_pct": -20.03370269833664, "cagr_3y_pct": 26.2595819993781 }, { "year": 2003, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 2981666.7968036076, "yoy_growth_pct": 111.9373828894151, "cagr_3y_pct": 13.206219317354705 }, { "year": 2004, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 5847785.883293306, "yoy_growth_pct": 96.1247276041113, "cagr_3y_pct": 49.238990474325696 }, { "year": 2005, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 3549809.548604752, "yoy_growth_pct": -39.29651975209462, "cagr_3y_pct": 36.13961050677283 }, { "year": 2006, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 16863379.558042776, "yoy_growth_pct": 375.0502619125273, "cagr_3y_pct": 78.16750651092612 }, { "year": 2007, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 14383056.392541155, "yoy_growth_pct": -14.708339790161828, "cagr_3y_pct": 34.985330298818965 }, { "year": 2008, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 15931669.859067267, "yoy_growth_pct": 10.766928977134516, "cagr_3y_pct": 64.94990951951071 }, { "year": 2009, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 2533592.7182364264, "yoy_growth_pct": -84.09713017750948, "cagr_3y_pct": -46.838479286472726 }, { "year": 2010, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 4079508.1512199934, "yoy_growth_pct": 61.016730189359, "cagr_3y_pct": -34.29694844711017 }, { "year": 2011, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 3516518.1382777933, "yoy_growth_pct": -13.800438486042388, "cagr_3y_pct": -39.56565012394496 }, { "year": 2012, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 801470.9842185909, "yoy_growth_pct": -77.20839328270579, "cagr_3y_pct": -31.862896577342926 }, { "year": 2013, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 2857707.7332434207, "yoy_growth_pct": 256.55785293707123, "cagr_3y_pct": -11.188337142466798 }, { "year": 2014, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 5040827.650713977, "yoy_growth_pct": 76.39409349229618, "cagr_3y_pct": 12.75340408766783 }, { "year": 2015, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 5384315.441769858, "yoy_growth_pct": 6.8141149600151385, "cagr_3y_pct": 88.68942615473989 }, { "year": 2016, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 2254502.8381689154, "yoy_growth_pct": -58.12832917107386, "cagr_3y_pct": -7.59878991558719 }, { "year": 2017, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 4193420.51834052, "yoy_growth_pct": 86.00200662184014, "cagr_3y_pct": -5.950709779014729 }, { "year": 2018, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 12279397.799027221, "yoy_growth_pct": 192.8253378196041, "cagr_3y_pct": 31.628174376372954 }, { "year": 2019, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 13082460.680912444, "yoy_growth_pct": 6.539920727617776, "cagr_3y_pct": 79.69923044326231 }, { "year": 2020, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 6144994.560458214, "yoy_growth_pct": -53.028755749108605, "cagr_3y_pct": 13.584140396254929 }, { "year": 2021, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 13180086.095569633, "yoy_growth_pct": 114.48491070082953, "cagr_3y_pct": 2.3875284102080174 }, { "year": 2022, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 12819505.837285116, "yoy_growth_pct": -2.7357959247756525, "cagr_3y_pct": -0.6745330525244619 }, { "year": 2023, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 10034736.717958689, "yoy_growth_pct": -21.72290534965098, "cagr_3y_pct": 17.759194553020908 }, { "year": 2024, "exporter_iso3": "BLR", "importer_iso3": "ISL", "export_value_usd": 10381035.93214108, "yoy_growth_pct": 3.4510044848773846, "cagr_3y_pct": -7.649167300037996 } ], "riskLanes": [ { "exporter_iso3": "BLR", "importer_iso3": "ISL", "hs_code": "721420", "hs_description": "Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, containing indentations, ribs, grooves or other deformations produced during the rolling process or twisted after rolling", "buyer_imports_latest_usd": 17167874.643146, "current_below_peak_pct": 29.156421530078948, "lane_volatility_cv": 0.8489893155736099, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier" ] }, { "exporter_iso3": "BLR", "importer_iso3": "ISL", "hs_code": "441810", "hs_description": "Wood: windows, French-windows and their frames", "buyer_imports_latest_usd": 28818422.419585716, "current_below_peak_pct": 91.39068784728657, "lane_volatility_cv": 0.717277256594075, "attention_level": "Watch", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "BLR", "importer_iso3": "ISL", "distance_km": 2968, "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": 0, "importer_is_wto": 1, "exporter_is_eu": 0, "importer_is_eu": 0, "importer_gdp_million_usd": 25458.933915999998, "importer_gdp_per_capita_usd": 68383.7653366282, "importer_population": 372.295, "importer_biz_entry_days": 11.5, "importer_biz_entry_cost_pct": 1.9, "exporter_gdp_million_usd": 68218.816484, "exporter_gdp_per_capita_usd": 7303.696265885707, "avg_applied_tariff_pct": 3.662871201992337, "avg_mfn_tariff_pct": 3.662871201992337, "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/BLR-ISL/risk", "html": "https://www.yugalinks.com/trade/corridor/BLR-ISL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/BLR-ISL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/BLR-ISL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/BLR-ISL/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" } }