{
  "template": "Corridor pair risk profile",
  "pageType": "Corridor pair risk profile",
  "source": "api",
  "generatedAt": "2026-08-29T11:48:00.564Z",
  "seo": {
    "title": "Serbia exports to Belgium: Trade Route Risk | Yugalinks",
    "description": "Understand reported exports from Serbia to Belgium, 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": "SRB",
    "country_name": "Serbia"
  },
  "importer": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "latestYear": 2024,
  "risk": {
    "exporter_iso3": "SRB",
    "importer_iso3": "BEL",
    "all_history_lane_count": 250,
    "current_lane_count": 169,
    "current_product_count": 169,
    "first_observed_last_year": 2006,
    "latest_data_year": 2024,
    "current_trade_usd": 275199347.4704253,
    "attention_trade_usd": 17858548.059229597,
    "critical_trade_usd": 0,
    "high_volatility_trade_usd": 130457122.5562054,
    "unrecovered_drawdown_trade_usd": 17201828.522082016,
    "declining_demand_trade_usd": 3646127.844997712,
    "concentrated_market_trade_usd": 24114867.96263335,
    "access_friction_trade_usd": 0,
    "buyer_macro_weakness_trade_usd": 0,
    "critical_lane_count": 0,
    "high_attention_lane_count": 9,
    "high_volatility_lane_count": 88,
    "unrecovered_drawdown_lane_count": 49,
    "declining_demand_lane_count": 5,
    "concentrated_market_lane_count": 38,
    "access_friction_lane_count": 0,
    "trade_weighted_volatility_cv": 1.0546261806160306,
    "trade_weighted_below_peak_pct": 16.39061536189646,
    "product_concentration_hhi": 551.9832504912033,
    "top1_product_share_pct": 13.177483235365944,
    "top3_product_share_pct": 33.1947269627834,
    "top_product_hs6": "854430",
    "top_product_trade_usd": 36264347.876751766,
    "top_product_description": "Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships",
    "top_attention_product_hs6": "841112",
    "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers",
    "distance_km": null,
    "shares_land_border": null,
    "shares_official_language": null,
    "common_spoken_language_score": null,
    "has_reported_fta": null,
    "avg_applied_tariff_pct": 0.09984533697407406,
    "avg_mfn_tariff_pct": 4.235452101481482,
    "avg_preferential_tariff_pct": 0.17433836514562961,
    "tariff_advantage_pp": 4.061113736335853,
    "buyer_biz_entry_days": null,
    "buyer_biz_entry_cost_pct": null,
    "buyer_gdp_mn_latest": null,
    "buyer_gdp_pc_latest": null,
    "buyer_population_latest": null,
    "buyer_gdp_5y_cagr_pct": 4.5783569491818055,
    "buyer_gdp_pc_5y_cagr_pct": 3.918136849252618,
    "buyer_population_5y_cagr_pct": 0.6353271141561478,
    "buyer_investment_5y_avg_pct": 23.874000000000002,
    "buyer_savings_5y_avg_pct": 24.938,
    "buyer_macro_resilience_label": "Buyer macro trend resilient",
    "attention_trade_share_pct": 6.489313373516917,
    "critical_trade_share_pct": 0,
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "declining_buyer_demand",
      "concentrated_buyer_markets"
    ],
    "attention_level": "Watch",
    "primary_risk_reason": "Volatile products account for the largest observed corridor exposure",
    "buyer_gdp_mn_2024": null,
    "buyer_gdp_pc_2024": null,
    "buyer_population_2024": null
  },
  "history": [
    {
      "year": 2006,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 90235177.84999295,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2007,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 102823701.47425023,
      "yoy_growth_pct": 13.950793830300267,
      "cagr_3y_pct": null
    },
    {
      "year": 2008,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 142262276.81242284,
      "yoy_growth_pct": 38.3555296811106,
      "cagr_3y_pct": null
    },
    {
      "year": 2009,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 93525215.71596569,
      "yoy_growth_pct": -34.258597703113146,
      "cagr_3y_pct": 1.2008779059041297
    },
    {
      "year": 2010,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 114272604.78101245,
      "yoy_growth_pct": 22.183738263759988,
      "cagr_3y_pct": 3.5816833029467032
    },
    {
      "year": 2011,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 133241538.51181044,
      "yoy_growth_pct": 16.59972113801844,
      "cagr_3y_pct": -2.159958573089371
    },
    {
      "year": 2012,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 116534358.74490541,
      "yoy_growth_pct": -12.539017451696655,
      "cagr_3y_pct": 7.607305657348551
    },
    {
      "year": 2013,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 136259894.03808725,
      "yoy_growth_pct": 16.926797817938976,
      "cagr_3y_pct": 6.041364302980035
    },
    {
      "year": 2014,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 177019954.9011072,
      "yoy_growth_pct": 29.91346878020229,
      "cagr_3y_pct": 9.932860591164117
    },
    {
      "year": 2015,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 138038797.80348092,
      "yoy_growth_pct": -22.02076998573592,
      "cagr_3y_pct": 5.807322828909722
    },
    {
      "year": 2016,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 150742192.29936844,
      "yoy_growth_pct": 9.20277103106384,
      "cagr_3y_pct": 3.4242213889178252
    },
    {
      "year": 2017,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 162667929.47177848,
      "yoy_growth_pct": 7.911346511881678,
      "cagr_3y_pct": -2.779040186276849
    },
    {
      "year": 2018,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 187040624.04087725,
      "yoy_growth_pct": 14.983097558469405,
      "cagr_3y_pct": 10.656838508461487
    },
    {
      "year": 2019,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 194993840.55220085,
      "yoy_growth_pct": 4.252133220848031,
      "cagr_3y_pct": 8.958727355481733
    },
    {
      "year": 2020,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 212487521.47004658,
      "yoy_growth_pct": 8.971401798285306,
      "cagr_3y_pct": 9.314346794650197
    },
    {
      "year": 2021,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 287829568.6452576,
      "yoy_growth_pct": 35.45716315667584,
      "cagr_3y_pct": 15.451564199223267
    },
    {
      "year": 2022,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 269364784.98986304,
      "yoy_growth_pct": -6.4151795600096655,
      "cagr_3y_pct": 11.371304951609073
    },
    {
      "year": 2023,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 284330618.609877,
      "yoy_growth_pct": 5.5559725895785395,
      "cagr_3y_pct": 10.1953832589039
    },
    {
      "year": 2024,
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "export_value_usd": 311982923.8103404,
      "yoy_growth_pct": 9.725405352282678,
      "cagr_3y_pct": 2.722395583086623
    }
  ],
  "riskLanes": [
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "854430",
      "hs_description": "Insulated electric conductors: ignition wiring sets and other wiring sets of a kind used in vehicles, aircraft or ships",
      "buyer_imports_latest_usd": 432640842.4630096,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.5246631862762714,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "180620",
      "hs_description": "Chocolate & other food preparations containing cocoa: in blocks, slabs or bars weighing more than 2kg or in liquid, paste, powder, granular or other bulk form in containers or immediate packings, content exceeding 2kg",
      "buyer_imports_latest_usd": 462942864.2069063,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 1.7871179918140199,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "081120",
      "hs_description": "Fruit, edible: raspberries, blackberries, mulberries, loganberries, black, white or red currants and gooseberries, uncooked or cooked, whether or not containing added sugar or other sweetening matter",
      "buyer_imports_latest_usd": 74027578.43477416,
      "current_below_peak_pct": 40.29482550042773,
      "lane_volatility_cv": 0.29218636689859806,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "732690",
      "hs_description": "Iron or steel: articles n.e.s. in heading no. 7326",
      "buyer_imports_latest_usd": 746250804.3015414,
      "current_below_peak_pct": 4.061165828030865,
      "lane_volatility_cv": 0.8154775363415461,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "081190",
      "hs_description": "Fruit, edible: fruit and nuts n.e.s. in heading no. 0811, uncooked or cooked, frozen whether or not containing added sugar or other sweetening matter",
      "buyer_imports_latest_usd": 150050728.6488343,
      "current_below_peak_pct": 0,
      "lane_volatility_cv": 0.7071251690321806,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "630532",
      "hs_description": "Sacks and bags: of a kind used for the packing of goods, of man-made textile materials, flexible intermediate bulk containers",
      "buyer_imports_latest_usd": 87885565.05565296,
      "current_below_peak_pct": 45.475961557907844,
      "lane_volatility_cv": 0.3814745154237028,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "940360",
      "hs_description": "Furniture: wooden, other than for office, kitchen or bedroom use",
      "buyer_imports_latest_usd": 482588258.59257257,
      "current_below_peak_pct": 33.977992572136394,
      "lane_volatility_cv": 0.5968724044696962,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "240120",
      "hs_description": "Tobacco: partly or wholly stemmed or stripped",
      "buyer_imports_latest_usd": 1498175306.6405265,
      "current_below_peak_pct": 18.948951758012576,
      "lane_volatility_cv": 0.39550141936215333,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": []
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "851290",
      "hs_description": "Lighting or signalling equipment: electrical, (excluding articles of heading no. 8539), windscreen wipers, defrosters and demisters: parts, of those kinds used for cycles or motor vehicles",
      "buyer_imports_latest_usd": 144960551.4698355,
      "current_below_peak_pct": 32.71353695967933,
      "lane_volatility_cv": 1.9866161671757134,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    },
    {
      "exporter_iso3": "SRB",
      "importer_iso3": "BEL",
      "hs_code": "240110",
      "hs_description": "Tobacco, (not stemmed or stripped)",
      "buyer_imports_latest_usd": 178513961.7112068,
      "current_below_peak_pct": 13.494996076818513,
      "lane_volatility_cv": 1.0586763443288374,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": [
        "high_volatility"
      ]
    }
  ],
  "accessProfile": {
    "year": 2024,
    "exporter_iso3": "SRB",
    "importer_iso3": "BEL",
    "distance_km": 1376,
    "shares_land_border": 0,
    "shares_official_language": 0,
    "shares_ethnic_language": 0,
    "shared_religion": null,
    "shared_legal_system": 1,
    "shared_colonial_history": 0,
    "has_fta": 0,
    "rta_coverage_ratio": 2,
    "exporter_is_wto": 0,
    "importer_is_wto": 1,
    "exporter_is_eu": 0,
    "importer_is_eu": 1,
    "importer_gdp_million_usd": 599879.0253780001,
    "importer_gdp_per_capita_usd": 51767.78857240694,
    "importer_population": 11587.882,
    "importer_biz_entry_days": 5,
    "importer_biz_entry_cost_pct": 5.3,
    "exporter_gdp_million_usd": 63068.134601000005,
    "exporter_gdp_per_capita_usd": 9214.993546391494,
    "avg_applied_tariff_pct": 0.09984533697407406,
    "avg_mfn_tariff_pct": 4.235452101481482,
    "avg_preferential_tariff_pct": 0.17433836514562961,
    "tariff_advantage_pp": 4.061113736335853
  },
  "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/SRB-BEL/risk",
    "html": "https://www.yugalinks.com/trade/corridor/SRB-BEL/risk/index.html",
    "markdown": "https://www.yugalinks.com/trade/corridor/SRB-BEL/risk/index.md",
    "json": "https://www.yugalinks.com/trade/corridor/SRB-BEL/risk/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/corridor/SRB-BEL/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"
  }
}