{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:47:53.516Z", "seo": { "title": "United States exports to Belgium: Trade Route Risk | Yugalinks", "description": "Understand reported exports from United States 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": "USA", "country_name": "United States" }, "importer": { "iso3": "BEL", "country_name": "Belgium" }, "latestYear": 2024, "risk": { "exporter_iso3": "USA", "importer_iso3": "BEL", "all_history_lane_count": 1673, "current_lane_count": 1597, "current_product_count": 1597, "first_observed_last_year": 1999, "latest_data_year": 2024, "current_trade_usd": 24584228762.918144, "attention_trade_usd": 11550524036.502506, "critical_trade_usd": 2308544946.9443674, "high_volatility_trade_usd": 6687218555.618208, "unrecovered_drawdown_trade_usd": 7226734420.65936, "declining_demand_trade_usd": 255272530.2485296, "concentrated_market_trade_usd": 11265593700.03273, "access_friction_trade_usd": 0, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 30, "high_attention_lane_count": 283, "high_volatility_lane_count": 593, "unrecovered_drawdown_lane_count": 1107, "declining_demand_lane_count": 30, "concentrated_market_lane_count": 634, "access_friction_lane_count": 0, "trade_weighted_volatility_cv": 0.8466117674515747, "trade_weighted_below_peak_pct": 34.09670734826993, "product_concentration_hhi": 166.4316530896917, "top1_product_share_pct": 7.443785368419547, "top3_product_share_pct": 16.915735824321356, "top_product_hs6": "300490", "top_product_trade_usd": 1829997223.5928907, "top_product_description": "Medicaments: consisting of mixed or unmixed products n.e.s. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale", "top_attention_product_hs6": "271019", "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers", "distance_km": 5891.71142578125, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": null, "has_reported_fta": 0, "avg_applied_tariff_pct": 5.920413126868688, "avg_mfn_tariff_pct": 5.920413126868688, "avg_preferential_tariff_pct": null, "tariff_advantage_pp": null, "buyer_biz_entry_days": 5, "buyer_biz_entry_cost_pct": null, "buyer_gdp_mn_latest": 599879.025378, "buyer_gdp_pc_latest": 51768, "buyer_population_latest": 11587.882, "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": 46.98347118346396, "critical_trade_share_pct": 9.39034927313434, "risk_driver_labels": [ "high_volatility", "unrecovered_drawdown", "declining_buyer_demand", "concentrated_buyer_markets" ], "attention_level": "Watch", "primary_risk_reason": "Buyer-market concentration is the largest observed corridor exposure", "buyer_gdp_mn_2024": 599879.025378, "buyer_gdp_pc_2024": 51768, "buyer_population_2024": 11587.882 }, "history": [ { "year": 1999, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 12127504140.156996, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 13095348432.730358, "yoy_growth_pct": 7.980572765740024, "cagr_3y_pct": null }, { "year": 2001, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 12529475998.895494, "yoy_growth_pct": -4.321171267352675, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 12656264950.689032, "yoy_growth_pct": 1.0119254133589717, "cagr_3y_pct": 1.4327131154297845 }, { "year": 2003, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 13869103126.011993, "yoy_growth_pct": 9.582907595948619, "cagr_3y_pct": 1.9319751544909503 }, { "year": 2004, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 15398535749.299683, "yoy_growth_pct": 11.027624565132733, "cagr_3y_pct": 7.114641605557193 }, { "year": 2005, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 16629078961.68012, "yoy_growth_pct": 7.9913001626560565, "cagr_3y_pct": 9.526921041392189 }, { "year": 2006, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 18599663747.743336, "yoy_growth_pct": 11.850234102587475, "cagr_3y_pct": 10.277159687230842 }, { "year": 2007, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 21682359108.597786, "yoy_growth_pct": 16.573930597151087, "cagr_3y_pct": 12.083676800510634 }, { "year": 2008, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 24297028349.842155, "yoy_growth_pct": 12.05897028154821, "cagr_3y_pct": 13.47364050760782 }, { "year": 2009, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 19345741029.111504, "yoy_growth_pct": -20.378160034384685, "cagr_3y_pct": 1.319590447877661 }, { "year": 2010, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 18090147192.593998, "yoy_growth_pct": -6.490285560155518, "cagr_3y_pct": -5.859061718307057 }, { "year": 2011, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 21993476781.948986, "yoy_growth_pct": 21.577102429288075, "cagr_3y_pct": -3.265755777491486 }, { "year": 2012, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 21102973106.060333, "yoy_growth_pct": -4.048944533496989, "cagr_3y_pct": 2.9404569843266337 }, { "year": 2013, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 23144319697.72356, "yoy_growth_pct": 9.673265380208406, "cagr_3y_pct": 8.559401341120743 }, { "year": 2014, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 24335251174.940235, "yoy_growth_pct": 5.1456750199221135, "cagr_3y_pct": 3.430188142754287 }, { "year": 2015, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 23232746184.62175, "yoy_growth_pct": -4.5304853539124945, "cagr_3y_pct": 3.2568726636609924 }, { "year": 2016, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 23141960130.688595, "yoy_growth_pct": -0.3907676398292037, "cagr_3y_pct": -0.0033984540719567136 }, { "year": 2017, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 22295861549.51459, "yoy_growth_pct": -3.6561232341420835, "cagr_3y_pct": -2.875348107600728 }, { "year": 2018, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 23761966669.756866, "yoy_growth_pct": 6.575682742675593, "cagr_3y_pct": 0.753608993246857 }, { "year": 2019, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 25056751139.222507, "yoy_growth_pct": 5.448978560825868, "cagr_3y_pct": 2.685283435757735 }, { "year": 2020, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 20031692789.155235, "yoy_growth_pct": -20.054708298560353, "cagr_3y_pct": -3.5065581995529116 }, { "year": 2021, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 24223780228.216076, "yoy_growth_pct": 20.927275009580583, "cagr_3y_pct": 0.6436808235253721 }, { "year": 2022, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 27610038539.345337, "yoy_growth_pct": 13.979066352265356, "cagr_3y_pct": 3.287417228684575 }, { "year": 2023, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 30092881478.33118, "yoy_growth_pct": 8.992537027602122, "cagr_3y_pct": 14.528975151538726 }, { "year": 2024, "exporter_iso3": "USA", "importer_iso3": "BEL", "export_value_usd": 24904318225.914703, "yoy_growth_pct": -17.24182928827397, "cagr_3y_pct": 0.9278247343746271 } ], "riskLanes": [ { "exporter_iso3": "USA", "importer_iso3": "BEL", "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": 18559408073.35605, "current_below_peak_pct": 25.486991001666492, "lane_volatility_cv": 0.4608281805432581, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "USA", "importer_iso3": "BEL", "hs_code": "271019", "hs_description": "", "buyer_imports_latest_usd": 16140042346.427181, "current_below_peak_pct": 4.021921040026216, "lane_volatility_cv": 0.7749216992449478, "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": "USA", "importer_iso3": "BEL", "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": 4213743687.264604, "current_below_peak_pct": 44.31626011818421, "lane_volatility_cv": 0.23186292538797346, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "USA", "importer_iso3": "BEL", "hs_code": "300220", "hs_description": "Vaccines: for human medicine", "buyer_imports_latest_usd": 6914085483.027903, "current_below_peak_pct": 78.49921624153924, "lane_volatility_cv": 2.214643223366153, "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": "USA", "importer_iso3": "BEL", "hs_code": "300212", "hs_description": "Blood, human or animal, antisera, other blood fractions and immunological products: antisera and other blood fractions", "buyer_imports_latest_usd": 1754212266.704197, "current_below_peak_pct": 0, "lane_volatility_cv": 0.29843848543484536, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "USA", "importer_iso3": "BEL", "hs_code": "271112", "hs_description": "Petroleum gases and other gaseous hydrocarbons: liquefied, propane", "buyer_imports_latest_usd": 905650381.7559273, "current_below_peak_pct": 16.1106025748696, "lane_volatility_cv": 1.7569856890485642, "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": "USA", "importer_iso3": "BEL", "hs_code": "901839", "hs_description": "Medical, surgical instruments and appliances: catheters, cannulae and the like", "buyer_imports_latest_usd": 1288164192.7991889, "current_below_peak_pct": 44.43386499761714, "lane_volatility_cv": 0.5115731153718488, "attention_level": "Stable", "primary_risk_reason": "No material risk condition is currently identified", "risk_driver_labels": [] }, { "exporter_iso3": "USA", "importer_iso3": "BEL", "hs_code": "841112", "hs_description": "Turbo-jets: of a thrust exceeding 25kN", "buyer_imports_latest_usd": 822481024.4074104, "current_below_peak_pct": 0, "lane_volatility_cv": 1.1117105847610407, "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": "USA", "importer_iso3": "BEL", "hs_code": "271012", "hs_description": "", "buyer_imports_latest_usd": 7812620722.215866, "current_below_peak_pct": 10.019924684580397, "lane_volatility_cv": 1.4842923428659567, "attention_level": "Watch", "primary_risk_reason": "Trade has varied substantially across reported years", "risk_driver_labels": [ "high_volatility" ] }, { "exporter_iso3": "USA", "importer_iso3": "BEL", "hs_code": "390140", "hs_description": "Ethylene polymers: in primary forms, ethylene-alpha-olefin copolymers, having a specific gravity of less than 0.94", "buyer_imports_latest_usd": 641835501.0447372, "current_below_peak_pct": 19.554755238812106, "lane_volatility_cv": 0.6351881537348446, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "USA", "importer_iso3": "BEL", "distance_km": 5904, "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": 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": 22996100, "exporter_gdp_per_capita_usd": 69287.53804930179, "avg_applied_tariff_pct": 5.920413126868688, "avg_mfn_tariff_pct": 5.920413126868688, "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/USA-BEL/risk", "html": "https://www.yugalinks.com/trade/corridor/USA-BEL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/USA-BEL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/USA-BEL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/USA-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" } }