{ "template": "Corridor pair risk profile", "pageType": "Corridor pair risk profile", "source": "api", "generatedAt": "2026-08-29T11:47:59.600Z", "seo": { "title": "Venezuela exports to Belgium: Trade Route Risk | Yugalinks", "description": "Understand reported exports from Venezuela 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": "VEN", "country_name": "Venezuela" }, "importer": { "iso3": "BEL", "country_name": "Belgium" }, "latestYear": 2024, "risk": { "exporter_iso3": "VEN", "importer_iso3": "BEL", "all_history_lane_count": 108, "current_lane_count": 3, "current_product_count": 3, "first_observed_last_year": 1999, "latest_data_year": 2024, "current_trade_usd": 23433118.79534977, "attention_trade_usd": 23433118.79534977, "critical_trade_usd": 0, "high_volatility_trade_usd": 0, "unrecovered_drawdown_trade_usd": 3487692.500635197, "declining_demand_trade_usd": 0, "concentrated_market_trade_usd": 23433118.79534977, "access_friction_trade_usd": 23433118.79534977, "buyer_macro_weakness_trade_usd": 0, "critical_lane_count": 0, "high_attention_lane_count": 3, "high_volatility_lane_count": 0, "unrecovered_drawdown_lane_count": 2, "declining_demand_lane_count": 0, "concentrated_market_lane_count": 3, "access_friction_lane_count": 3, "trade_weighted_volatility_cv": 0.11979901795484345, "trade_weighted_below_peak_pct": 12.872834942368911, "product_concentration_hhi": 7368.308376915675, "top1_product_share_pct": 85.11639645113172, "top3_product_share_pct": 100, "top_product_hs6": "270799", "top_product_trade_usd": 19945426.294714574, "top_product_description": "Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707", "top_attention_product_hs6": "270799", "top_attention_product_reason": "The buyer market is concentrated among relatively few suppliers", "distance_km": 7793.68115234375, "shares_land_border": 0, "shares_official_language": 0, "common_spoken_language_score": null, "has_reported_fta": 0, "avg_applied_tariff_pct": 1.065483972370707, "avg_mfn_tariff_pct": 5.920413126868688, "avg_preferential_tariff_pct": 0.7202917042542949, "tariff_advantage_pp": 5.200121422614393, "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": 100, "critical_trade_share_pct": 0, "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_product_mix", "concentrated_buyer_markets", "market_access_friction" ], "attention_level": "High attention", "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": "VEN", "importer_iso3": "BEL", "export_value_usd": 131985108.58740689, "yoy_growth_pct": null, "cagr_3y_pct": null }, { "year": 2000, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 139395836.13271922, "yoy_growth_pct": 5.61482096323358, "cagr_3y_pct": null }, { "year": 2001, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 156975777.98414212, "yoy_growth_pct": 12.611525809626766, "cagr_3y_pct": null }, { "year": 2002, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 185218117.36698467, "yoy_growth_pct": 17.991526938439904, "cagr_3y_pct": 11.957410205378526 }, { "year": 2003, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 166160701.7496721, "yoy_growth_pct": -10.289174670506373, "cagr_3y_pct": 6.029367854200562 }, { "year": 2004, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 198715055.39065528, "yoy_growth_pct": 19.592089644654752, "cagr_3y_pct": 8.17644604559369 }, { "year": 2005, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 348982675.9998358, "yoy_growth_pct": 75.61964558436117, "cagr_3y_pct": 23.511330754665583 }, { "year": 2006, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 555968393.9876232, "yoy_growth_pct": 59.3111727952607, "cagr_3y_pct": 49.56865738311726 }, { "year": 2007, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 601012406.3078346, "yoy_growth_pct": 8.10190162018709, "cagr_3y_pct": 44.61640289599955 }, { "year": 2008, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 688114633.7243425, "yoy_growth_pct": 14.492583930437974, "cagr_3y_pct": 25.39656551683338 }, { "year": 2009, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 496419696.6046502, "yoy_growth_pct": -27.857994544043507, "cagr_3y_pct": -3.7059098875558028 }, { "year": 2010, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 575030618.2210963, "yoy_growth_pct": 15.835576661063078, "cagr_3y_pct": -1.4622795986680481 }, { "year": 2011, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 794610567.7743058, "yoy_growth_pct": 38.185783955730535, "cagr_3y_pct": 4.913452948330765 }, { "year": 2012, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 520389818.5542443, "yoy_growth_pct": -34.51008082967615, "cagr_3y_pct": 1.5843007240531115 }, { "year": 2013, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 419093384.2992079, "yoy_growth_pct": -19.465491184370176, "cagr_3y_pct": -10.007438857793549 }, { "year": 2014, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 448274996.6187772, "yoy_growth_pct": 6.9630333984788795, "cagr_3y_pct": -17.371463670640807 }, { "year": 2015, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 61660453.7044755, "yoy_growth_pct": -86.24494915630709, "cagr_3y_pct": -50.88366249214877 }, { "year": 2016, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 51133720.73843006, "yoy_growth_pct": -17.072097809233888, "cagr_3y_pct": -50.40184402647927 }, { "year": 2017, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 72644612.52742904, "yoy_growth_pct": 42.067918153337615, "cagr_3y_pct": -45.48036178677768 }, { "year": 2018, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 81490172.94830604, "yoy_growth_pct": 12.17648510071838, "cagr_3y_pct": 9.740307935660052 }, { "year": 2019, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 59179678.55300766, "yoy_growth_pct": -27.378140931730776, "cagr_3y_pct": 4.991724441698331 }, { "year": 2020, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 27824287.35374465, "yoy_growth_pct": -52.983375317217664, "cagr_3y_pct": -27.377106897452208 }, { "year": 2021, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 33858908.992735855, "yoy_growth_pct": 21.688324168989205, "cagr_3y_pct": -25.379886229496417 }, { "year": 2022, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 15158258.003263965, "yoy_growth_pct": -55.23110916977259, "cagr_3y_pct": -36.49241995119983 }, { "year": 2023, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 18641930.765033353, "yoy_growth_pct": 22.98201258363106, "cagr_3y_pct": -12.497133497570056 }, { "year": 2024, "exporter_iso3": "VEN", "importer_iso3": "BEL", "export_value_usd": 25777249.226979915, "yoy_growth_pct": 38.275640822195676, "cagr_3y_pct": -8.689398538686532 } ], "riskLanes": [ { "exporter_iso3": "VEN", "importer_iso3": "BEL", "hs_code": "270799", "hs_description": "Oils and other products of the distillation of high temperature coal tar: n.e.s. in heading no. 2707", "buyer_imports_latest_usd": 2534795393.4973335, "current_below_peak_pct": 0, "lane_volatility_cv": 0, "attention_level": "High attention", "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers", "risk_driver_labels": [ "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta", "limited_history" ] }, { "exporter_iso3": "VEN", "importer_iso3": "BEL", "hs_code": "284920", "hs_description": "Carbides: of silicon, whether or not chemically defined", "buyer_imports_latest_usd": 14281540.033287305, "current_below_peak_pct": 85.79845489087488, "lane_volatility_cv": 0.786780780317357, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] }, { "exporter_iso3": "VEN", "importer_iso3": "BEL", "hs_code": "270112", "hs_description": "Coal: bituminous, whether or not pulverised, but not agglomerated", "buyer_imports_latest_usd": 606423691.614266, "current_below_peak_pct": 87.89175540725184, "lane_volatility_cv": 0.8416423263843608, "attention_level": "High attention", "primary_risk_reason": "Current trade remains more than 50% below its historical peak", "risk_driver_labels": [ "unrecovered_drawdown", "concentrated_buyer_market", "dominant_supplier", "long_distance_without_fta" ] } ], "accessProfile": { "year": 2024, "exporter_iso3": "VEN", "importer_iso3": "BEL", "distance_km": 7794, "shares_land_border": 0, "shares_official_language": 0, "shares_ethnic_language": 0, "shared_religion": 0, "shared_legal_system": 1, "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": 438283.56710399996, "exporter_gdp_per_capita_usd": 15268.57259496072, "avg_applied_tariff_pct": 1.065483972370707, "avg_mfn_tariff_pct": 5.920413126868688, "avg_preferential_tariff_pct": 0.7202917042542949, "tariff_advantage_pp": 5.200121422614393 }, "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/VEN-BEL/risk", "html": "https://www.yugalinks.com/trade/corridor/VEN-BEL/risk/index.html", "markdown": "https://www.yugalinks.com/trade/corridor/VEN-BEL/risk/index.md", "json": "https://www.yugalinks.com/trade/corridor/VEN-BEL/risk/index.json", "jsonLd": "https://www.yugalinks.com/trade/corridor/VEN-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" } }