# India exports to Belgium: Trade Route Risk | Yugalinks

Understand reported exports from India to Belgium, the product routes that need a closer look, and the conditions that may affect planning.

Canonical: https://www.yugalinks.com/trade/corridor/IND-BEL/risk

## Route overview

In 2024, India reported $4.8B in goods exports to Belgium. The overall review level is Watch.

## How to read this page

High attention means one or more conditions on these product types deserve a closer look. It is not a prediction that trade will stop or that a loss is certain. An HS6 code is the international six-digit code used to describe and compare traded goods.

## Key numbers

| Measure | Value | What it means |
| --- | ---: | --- |
| Latest reported exports | $4.8B | 2024 route total |
| Exports needing review | 28.3% | Share of route exports |
| Highest-priority products | 7 | Need the closest review |
| Products needing review | 121 | High-attention product types |
| Export volatility | 0.8 | Higher means bigger yearly swings |
| Below highest year | 36.7% | Compared with the route's best year |

## Product types to review

| Rank | HS6 | Product | Buyer-market imports | Below product high | Review level |
| ---: | --- | --- | ---: | ---: | --- |
| 1 | 710239 | Diamonds: non-industrial, (other than unworked or simply sawn, cleaved or bruted), but not mounted or set | $4.2B | 44.2% | Stable |
| 2 | 271019 | Not reported | $16.1B | 65.9% | Critical attention |
| 3 | 240120 | Tobacco: partly or wholly stemmed or stripped | $1.5B | 0% | Stable |
| 4 | 710231 | Diamonds: non-industrial, unworked or simply sawn, cleaved or bruted, but not mounted or set | $2.9B | 75% | High attention |
| 5 | 030617 | Crustaceans: frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking: in shell, cooked by steaming or by boiling in water | $333.2M | 15.1% | Stable |
| 6 | 721049 | Iron or non-alloy steel: flat-rolled, width 600mm or more, (not corrugated), plated or coated with zinc (not electrolytically) | $823.2M | 73.7% | Watch |
| 7 | 300214 | Blood, human or animal, antisera, other blood fractions and immunological products: immunological products, mixed, put up in measured doses or in forms or packings for retail sale | $2.3B | 0% | Watch |
| 8 | 711319 | Jewellery: of precious metal (excluding silver) whether or not plated or clad with precious metal, and parts thereof | $345.5M | 0% | Stable |
| 9 | 294200 | Organic compounds: n.e.s. in chapter 29 | $79.7M | 0% | High attention |
| 10 | 090111 | Coffee: not roasted or decaffeinated | $2.0B | 8.8% | Stable |

## Data sources

- Primary trade series: OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-29). [OECD Data Explorer](https://data-explorer.oecd.org/) - [OECD Terms & Conditions](https://www.oecd.org/termsandconditions/)
- CEPII BACI bilateral trade flows (202601): [dataset page](https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37) - [BACI documentation](https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html) - [Etalab 2.0 Open Licence](https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf)

This page presents derived Yugalinks views of reported observations and calculated indicators.