{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/bel/040150",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/040150",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/040150",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported exporter totals are combined with destination, price, history, and country-context observations. Growth, concentration, weighted share, volatility, drawdown, and price-position values are calculated indicators rather than additional reported trade.",
    "reportedValues": "Merchandise trade observations for an exporter, HS6 product, destination market, and available year.",
    "destinations": "Destination rows are ranked by latest observed exporter-lane value.",
    "prices": "Unit values are reported trade value divided by reported quantity where quantity is positive.",
    "missingData": "Missing values are shown as Not reported and are not imputed."
  },
  "exporter": {
    "hs_code": "040150",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 154,
    "current_lane_count": 101,
    "active_market_count": 101,
    "exports_latest_observed_lanes_usd": 544359488.518746,
    "exports_current_2024_usd": 542190159.6863668,
    "exports_avg_3y_usd": 484119343.73314124,
    "exports_avg_5y_usd": 414247028.4123063,
    "exports_avg_10y_usd": 363233387.79507965,
    "exports_cagr_3y_pct": 16.834074809798928,
    "exports_cagr_5y_pct": 8.931713864345303,
    "exports_cagr_10y_pct": 6.868911317549586,
    "exports_all_year_lane_avg_usd": 250948037.2012084,
    "exports_historical_lane_peak_usd": 627647864.4302512,
    "historical_peak_year": 2024,
    "positive_growth_year_share_pct": 72,
    "trend_acceleration_pct": 9.965163492249342,
    "trend_label": "Rapid growth",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 184650620.35223618,
    "top_market_share_pct": 33.92071310352063,
    "destination_hhi": 1985.1512653206466,
    "weighted_share_latest_pct": 30.802055709604417,
    "weighted_share_change_1y_pp": 0.17999112985538676,
    "weighted_volatility_cv": 0.6698479151775673,
    "weighted_max_drawdown_pct": 58.19668323283041,
    "limited_history_lane_share_pct": 27.272727272727273,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 40150,
      "hs_description": "Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 10%",
      "hs_chapter": 4,
      "hs_heading": 401,
      "substitution_elasticity": null,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 10%",
    "hs_chapter": 4,
    "hs_heading": 401,
    "destinations": [
      {
        "hs_code": 40150,
        "corridor_rank": 4,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 184650620.35223618,
        "exports_all_year_avg_usd": 103689662.63180198,
        "exports_avg_3y_usd": 179510900.0358121,
        "exports_avg_5y_usd": 160765144.52574798,
        "exports_avg_10y_usd": 147500662.0608037,
        "exports_cagr_3y_pct": 7.148516374510527,
        "exports_cagr_5y_pct": 3.5601185121807655,
        "exports_cagr_10y_pct": 4.312480152445608,
        "exports_historical_peak_usd": 192587596.4815272,
        "buyer_imports_latest_observed_usd": 417689610.1708942,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 2.8360362220649193,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 2.3853,
        "buyer_yoy_all_avg_pct": 7.0065,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 44.20761633900539,
        "market_share_change_1y_pp": 4.670643858203839,
        "peer_best_share_pct": 44.2076163390054,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 2775.17,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.4419982872535466,
        "max_drawdown_pct": 43.52077263376804,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 8,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 110667347.76274788,
        "exports_all_year_avg_usd": 46747523.30084799,
        "exports_avg_3y_usd": 112192775.90305132,
        "exports_avg_5y_usd": 84653631.82520294,
        "exports_avg_10y_usd": 72955407.70715158,
        "exports_cagr_3y_pct": 31.799222986574847,
        "exports_cagr_5y_pct": 17.802111965180735,
        "exports_cagr_10y_pct": 4.7594658831283665,
        "exports_historical_peak_usd": 143415224.8927793,
        "buyer_imports_latest_observed_usd": 236199086.56631854,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": 27.03975710344648,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -8.932,
        "buyer_yoy_all_avg_pct": 11.4012,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 46.85341902525747,
        "market_share_change_1y_pp": -8.441200626515673,
        "peer_best_share_pct": 46.85341902525748,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 2849.87,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.697572405762278,
        "max_drawdown_pct": 75.67555142088811,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 12,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 88486411.18109094,
        "exports_all_year_avg_usd": 38891187.055044785,
        "exports_avg_3y_usd": 60184077.41100639,
        "exports_avg_5y_usd": 58509017.445963144,
        "exports_avg_10y_usd": 53025719.66713508,
        "exports_cagr_3y_pct": 17.232623050910313,
        "exports_cagr_5y_pct": 9.790182013589522,
        "exports_cagr_10y_pct": 7.27642579849479,
        "exports_historical_peak_usd": 88486411.18109094,
        "buyer_imports_latest_observed_usd": 654189788.2052989,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 68,
        "trend_acceleration_pct": 9.956197252415523,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 58.7468,
        "buyer_yoy_all_avg_pct": 11.723,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 13.526107068079451,
        "market_share_change_1y_pp": 0.3917566889682913,
        "peer_best_share_pct": 48.64201584365036,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 38,
        "buyer_market_hhi": 2999.89,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.43809846170221933,
        "max_drawdown_pct": 45.752558879103596,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 18,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 54412756.95413657,
        "exports_all_year_avg_usd": 16177895.758679394,
        "exports_avg_3y_usd": 40679834.824421234,
        "exports_avg_5y_usd": 33888146.82013738,
        "exports_avg_10y_usd": 29936306.66760515,
        "exports_cagr_3y_pct": 30.252901090445693,
        "exports_cagr_5y_pct": 8.21063481158979,
        "exports_cagr_10y_pct": 14.837344211349457,
        "exports_historical_peak_usd": 54412756.95413657,
        "buyer_imports_latest_observed_usd": 229823553.05138794,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 76,
        "trend_acceleration_pct": 15.415556879096236,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 34.7474,
        "buyer_yoy_all_avg_pct": 3.1428,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 23.675883621018603,
        "market_share_change_1y_pp": 3.417553492105874,
        "peer_best_share_pct": 29.166002053762668,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 32,
        "buyer_market_hhi": 1739.68,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8269814437888134,
        "max_drawdown_pct": 47.281026776869,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 28,
        "exporter_iso3": "BEL",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 19,
        "exports_latest_observed_usd": 36850340.31617936,
        "exports_all_year_avg_usd": 8041261.567592231,
        "exports_avg_3y_usd": 31024929.044281285,
        "exports_avg_5y_usd": 25975358.650563113,
        "exports_avg_10y_usd": 15262659.947994888,
        "exports_cagr_3y_pct": 15.964609825131792,
        "exports_cagr_5y_pct": 18.12655875942899,
        "exports_cagr_10y_pct": 74.76208529637638,
        "exports_historical_peak_usd": 36850340.31617936,
        "buyer_imports_latest_observed_usd": 990211845.9326991,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 77.77777777777777,
        "trend_acceleration_pct": -58.797475471244596,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 7.3606,
        "buyer_yoy_all_avg_pct": 35.979,
        "buyer_trend_consistency_pct": 82.7586,
        "market_share_latest_pct": 3.7214602579783658,
        "market_share_change_1y_pp": -0.011405126410257704,
        "peer_best_share_pct": 57.52706138068751,
        "peer_top_exporter": "NZL",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 3732.77,
        "distance_km": 7970.81982421875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30189875567878793,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.510493023884375,
        "max_drawdown_pct": 99.86800443139964,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 80,
        "exporter_iso3": "BEL",
        "importer_iso3": "GRC",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 9258434.06382746,
        "exports_all_year_avg_usd": 5075071.443906838,
        "exports_avg_3y_usd": 8903997.163889764,
        "exports_avg_5y_usd": 7316638.074626545,
        "exports_avg_10y_usd": 5966785.878205407,
        "exports_cagr_3y_pct": 14.462450343144395,
        "exports_cagr_5y_pct": 12.611441725910556,
        "exports_cagr_10y_pct": 7.619894939015204,
        "exports_historical_peak_usd": 10270307.380464433,
        "buyer_imports_latest_observed_usd": 83064087.4628999,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 6.842555404129191,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 34.8121,
        "buyer_yoy_all_avg_pct": 8.364,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 11.14613348152737,
        "market_share_change_1y_pp": -5.522463663459147,
        "peer_best_share_pct": 24.137645669916598,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 1494.87,
        "distance_km": 2089.225341796875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.46342545304874044,
        "max_drawdown_pct": 50.11836486956486,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40150,
        "corridor_rank": 93,
        "exporter_iso3": "BEL",
        "importer_iso3": "CZE",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 7794890.526410546,
        "exports_all_year_avg_usd": 1098357.760252514,
        "exports_avg_3y_usd": 5867199.181825164,
        "exports_avg_5y_usd": 3827166.0436254023,
        "exports_avg_10y_usd": 2361638.63867947,
        "exports_cagr_3y_pct": 106.4745954857969,
        "exports_cagr_5y_pct": 57.35659245333353,
        "exports_cagr_10y_pct": 42.82102374719259,
        "exports_historical_peak_usd": 7794890.526410546,
        "buyer_imports_latest_observed_usd": 51771346.183194414,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": 63.653571738604306,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 51.436,
        "buyer_yoy_all_avg_pct": 16.2309,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 15.056379833794734,
        "market_share_change_1y_pp": -1.7552741547505253,
        "peer_best_share_pct": 26.50052716131302,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 24,
        "buyer_market_hhi": 1848.46,
        "distance_km": 718.4292602539062,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.026038070801587307,
        "tariff_advantage_pp": 0.026038070801587307,
        "volatility_cv": 1.6574776771225799,
        "max_drawdown_pct": 67.18297484505278,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 40150,
      "num_markets": 123,
      "highest_price_importer_iso3": "FIN",
      "highest_price_usd_per_ton": 28502.631578947367,
      "lowest_price_importer_iso3": "GMB",
      "lowest_price_usd_per_ton": 72.67080745341615,
      "median_price_across_markets": 3115.3139522317088,
      "price_spread_pct": 912.5873413537554,
      "avg_quantity_metric_tons": 1646.5252820512824,
      "total_trade_value_usd": 1819421175
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 209488854.54626903,
        "active_destinations": 65,
        "yoy_growth_pct": 11.980371098904074
      },
      {
        "year": 2011,
        "export_value_usd": 272744164.51699376,
        "active_destinations": 67,
        "yoy_growth_pct": 30.195071765383
      },
      {
        "year": 2012,
        "export_value_usd": 242448897.58923942,
        "active_destinations": 66,
        "yoy_growth_pct": -11.107576575067931
      },
      {
        "year": 2013,
        "export_value_usd": 287066135.1846901,
        "active_destinations": 69,
        "yoy_growth_pct": 18.40273890254675
      },
      {
        "year": 2014,
        "export_value_usd": 279021570.613267,
        "active_destinations": 74,
        "yoy_growth_pct": -2.8023384110589955
      },
      {
        "year": 2015,
        "export_value_usd": 214490038.05276605,
        "active_destinations": 79,
        "yoy_growth_pct": -23.12779346007759
      },
      {
        "year": 2016,
        "export_value_usd": 254166574.5142506,
        "active_destinations": 84,
        "yoy_growth_pct": 18.498078895264985
      },
      {
        "year": 2017,
        "export_value_usd": 346370678.4189257,
        "active_destinations": 84,
        "yoy_growth_pct": 36.277037639937745
      },
      {
        "year": 2018,
        "export_value_usd": 392579153.01537514,
        "active_destinations": 87,
        "yoy_growth_pct": 13.340758174848036
      },
      {
        "year": 2019,
        "export_value_usd": 353492291.88794756,
        "active_destinations": 91,
        "yoy_growth_pct": -9.95642810556901
      },
      {
        "year": 2020,
        "export_value_usd": 278905181.56768405,
        "active_destinations": 91,
        "yoy_growth_pct": -21.100066969467793
      },
      {
        "year": 2021,
        "export_value_usd": 339971929.29442334,
        "active_destinations": 89,
        "yoy_growth_pct": 21.895164293288598
      },
      {
        "year": 2022,
        "export_value_usd": 420965540.8533447,
        "active_destinations": 97,
        "yoy_growth_pct": 23.823617357766924
      },
      {
        "year": 2023,
        "export_value_usd": 489202330.65971214,
        "active_destinations": 89,
        "yoy_growth_pct": 16.209590378358232
      },
      {
        "year": 2024,
        "export_value_usd": 542190159.6863668,
        "active_destinations": 101,
        "yoy_growth_pct": 10.831475180258872
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "BEL",
      "exports_usd": 371062360612.1727,
      "imports_usd": 417295840554.2898,
      "trade_balance_usd": -46233479942.117065,
      "yoy_exports_growth_pct": -8.340224850282263,
      "yoy_imports_growth_pct": -8.615124209891334,
      "exports_cagr_3y_pct": -3.1736704188207066,
      "imports_cagr_3y_pct": -0.6895804199903433,
      "export_partner_hhi": 776.9307931013719,
      "export_product_hhi": 117.82828237113881,
      "momentum_score": -6.790258520843796,
      "risk_score": 4.473795377362554,
      "gdp_million_usd": 671370.0816364061,
      "gdp_per_capita_usd": 56614.56794990358,
      "population": 11858610,
      "labor_force": 5114.93,
      "investment_rate_pct": 23.69,
      "savings_rate_pct": 24.85,
      "secondary_education_pct": 92.2,
      "tertiary_education_pct": 32.67,
      "total_factor_productivity": 2536.28,
      "trade_openness_pct": 130.56239772942908,
      "exports_gdp_pct": 61.45276530006917,
      "num_active_partners": 270,
      "num_fta_partners": 108,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 5,
      "num_shared_language_partners": 47,
      "avg_partner_distance_km": 6656.576131687243,
      "avg_partner_gdp_million_usd": 533678518.3258193,
      "avg_partner_gdp_per_capita_usd": 15.774186170212769,
      "avg_buyer_biz_entry_days": null,
      "avg_buyer_biz_entry_cost_pct": null,
      "pct_partners_with_fta": 40,
      "pct_partners_shared_language": 17.40740740740741,
      "pct_partners_shared_border": 1.8518518518518516,
      "avg_applied_tariff_pct": 0.12805616369601877,
      "avg_mfn_tariff_pct": 0.13052375531925514,
      "avg_preferential_tariff_pct": 0.024784923491291154,
      "tariff_advantage_pp": 0.10573883182796398,
      "avg_distance_all_partners_km": 6629.935732142248,
      "num_border_partners": 132,
      "num_colonial_partners": 66,
      "avg_substitution_elasticity": -10.86773380919456,
      "pct_products_high_elasticity": 75.91257847012322,
      "pct_products_low_elasticity": 2.6737967914438503,
      "real_market_potential": 1056408.5931701933,
      "foreign_market_potential": 65137.21681860446
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "040150",
    "hs_description": "Dairy produce: milk and cream, not concentrated, not containing added sugar or other sweetening matter, of a fat content, by weight, exceeding 10%",
    "hs_chapter": 4,
    "hs_heading": 401
  },
  "destinations": [
    {
      "hs_code": 40150,
      "corridor_rank": 4,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 184650620.35223618,
      "exports_all_year_avg_usd": 103689662.63180198,
      "exports_avg_3y_usd": 179510900.0358121,
      "exports_avg_5y_usd": 160765144.52574798,
      "exports_avg_10y_usd": 147500662.0608037,
      "exports_cagr_3y_pct": 7.148516374510527,
      "exports_cagr_5y_pct": 3.5601185121807655,
      "exports_cagr_10y_pct": 4.312480152445608,
      "exports_historical_peak_usd": 192587596.4815272,
      "buyer_imports_latest_observed_usd": 417689610.1708942,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 2.8360362220649193,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 2.3853,
      "buyer_yoy_all_avg_pct": 7.0065,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 44.20761633900539,
      "market_share_change_1y_pp": 4.670643858203839,
      "peer_best_share_pct": 44.2076163390054,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 2775.17,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.4419982872535466,
      "max_drawdown_pct": 43.52077263376804,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 8,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 110667347.76274788,
      "exports_all_year_avg_usd": 46747523.30084799,
      "exports_avg_3y_usd": 112192775.90305132,
      "exports_avg_5y_usd": 84653631.82520294,
      "exports_avg_10y_usd": 72955407.70715158,
      "exports_cagr_3y_pct": 31.799222986574847,
      "exports_cagr_5y_pct": 17.802111965180735,
      "exports_cagr_10y_pct": 4.7594658831283665,
      "exports_historical_peak_usd": 143415224.8927793,
      "buyer_imports_latest_observed_usd": 236199086.56631854,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": 27.03975710344648,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -8.932,
      "buyer_yoy_all_avg_pct": 11.4012,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 46.85341902525747,
      "market_share_change_1y_pp": -8.441200626515673,
      "peer_best_share_pct": 46.85341902525748,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 2849.87,
      "distance_km": 173.03326416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.697572405762278,
      "max_drawdown_pct": 75.67555142088811,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 12,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 88486411.18109094,
      "exports_all_year_avg_usd": 38891187.055044785,
      "exports_avg_3y_usd": 60184077.41100639,
      "exports_avg_5y_usd": 58509017.445963144,
      "exports_avg_10y_usd": 53025719.66713508,
      "exports_cagr_3y_pct": 17.232623050910313,
      "exports_cagr_5y_pct": 9.790182013589522,
      "exports_cagr_10y_pct": 7.27642579849479,
      "exports_historical_peak_usd": 88486411.18109094,
      "buyer_imports_latest_observed_usd": 654189788.2052989,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 68,
      "trend_acceleration_pct": 9.956197252415523,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 58.7468,
      "buyer_yoy_all_avg_pct": 11.723,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 13.526107068079451,
      "market_share_change_1y_pp": 0.3917566889682913,
      "peer_best_share_pct": 48.64201584365036,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 38,
      "buyer_market_hhi": 2999.89,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.43809846170221933,
      "max_drawdown_pct": 45.752558879103596,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 18,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 54412756.95413657,
      "exports_all_year_avg_usd": 16177895.758679394,
      "exports_avg_3y_usd": 40679834.824421234,
      "exports_avg_5y_usd": 33888146.82013738,
      "exports_avg_10y_usd": 29936306.66760515,
      "exports_cagr_3y_pct": 30.252901090445693,
      "exports_cagr_5y_pct": 8.21063481158979,
      "exports_cagr_10y_pct": 14.837344211349457,
      "exports_historical_peak_usd": 54412756.95413657,
      "buyer_imports_latest_observed_usd": 229823553.05138794,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 76,
      "trend_acceleration_pct": 15.415556879096236,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 34.7474,
      "buyer_yoy_all_avg_pct": 3.1428,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 23.675883621018603,
      "market_share_change_1y_pp": 3.417553492105874,
      "peer_best_share_pct": 29.166002053762668,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 32,
      "buyer_market_hhi": 1739.68,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8269814437888134,
      "max_drawdown_pct": 47.281026776869,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 28,
      "exporter_iso3": "BEL",
      "importer_iso3": "CHN",
      "latest_data_year": 2024,
      "lane_data_years": 19,
      "exports_latest_observed_usd": 36850340.31617936,
      "exports_all_year_avg_usd": 8041261.567592231,
      "exports_avg_3y_usd": 31024929.044281285,
      "exports_avg_5y_usd": 25975358.650563113,
      "exports_avg_10y_usd": 15262659.947994888,
      "exports_cagr_3y_pct": 15.964609825131792,
      "exports_cagr_5y_pct": 18.12655875942899,
      "exports_cagr_10y_pct": 74.76208529637638,
      "exports_historical_peak_usd": 36850340.31617936,
      "buyer_imports_latest_observed_usd": 990211845.9326991,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 77.77777777777777,
      "trend_acceleration_pct": -58.797475471244596,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 7.3606,
      "buyer_yoy_all_avg_pct": 35.979,
      "buyer_trend_consistency_pct": 82.7586,
      "market_share_latest_pct": 3.7214602579783658,
      "market_share_change_1y_pp": -0.011405126410257704,
      "peer_best_share_pct": 57.52706138068751,
      "peer_top_exporter": "NZL",
      "supplier_count_latest": 21,
      "buyer_market_hhi": 3732.77,
      "distance_km": 7970.81982421875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.30189875567878793,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.510493023884375,
      "max_drawdown_pct": 99.86800443139964,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 80,
      "exporter_iso3": "BEL",
      "importer_iso3": "GRC",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 9258434.06382746,
      "exports_all_year_avg_usd": 5075071.443906838,
      "exports_avg_3y_usd": 8903997.163889764,
      "exports_avg_5y_usd": 7316638.074626545,
      "exports_avg_10y_usd": 5966785.878205407,
      "exports_cagr_3y_pct": 14.462450343144395,
      "exports_cagr_5y_pct": 12.611441725910556,
      "exports_cagr_10y_pct": 7.619894939015204,
      "exports_historical_peak_usd": 10270307.380464433,
      "buyer_imports_latest_observed_usd": 83064087.4628999,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 6.842555404129191,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 34.8121,
      "buyer_yoy_all_avg_pct": 8.364,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 11.14613348152737,
      "market_share_change_1y_pp": -5.522463663459147,
      "peer_best_share_pct": 24.137645669916598,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 21,
      "buyer_market_hhi": 1494.87,
      "distance_km": 2089.225341796875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.46342545304874044,
      "max_drawdown_pct": 50.11836486956486,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 40150,
      "corridor_rank": 93,
      "exporter_iso3": "BEL",
      "importer_iso3": "CZE",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 7794890.526410546,
      "exports_all_year_avg_usd": 1098357.760252514,
      "exports_avg_3y_usd": 5867199.181825164,
      "exports_avg_5y_usd": 3827166.0436254023,
      "exports_avg_10y_usd": 2361638.63867947,
      "exports_cagr_3y_pct": 106.4745954857969,
      "exports_cagr_5y_pct": 57.35659245333353,
      "exports_cagr_10y_pct": 42.82102374719259,
      "exports_historical_peak_usd": 7794890.526410546,
      "buyer_imports_latest_observed_usd": 51771346.183194414,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": 63.653571738604306,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 51.436,
      "buyer_yoy_all_avg_pct": 16.2309,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 15.056379833794734,
      "market_share_change_1y_pp": -1.7552741547505253,
      "peer_best_share_pct": 26.50052716131302,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 24,
      "buyer_market_hhi": 1848.46,
      "distance_km": 718.4292602539062,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.026038070801587307,
      "tariff_advantage_pp": 0.026038070801587307,
      "volatility_cv": 1.6574776771225799,
      "max_drawdown_pct": 67.18297484505278,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 40150,
    "num_markets": 123,
    "highest_price_importer_iso3": "FIN",
    "highest_price_usd_per_ton": 28502.631578947367,
    "lowest_price_importer_iso3": "GMB",
    "lowest_price_usd_per_ton": 72.67080745341615,
    "median_price_across_markets": 3115.3139522317088,
    "price_spread_pct": 912.5873413537554,
    "avg_quantity_metric_tons": 1646.5252820512824,
    "total_trade_value_usd": 1819421175
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 209488854.54626903,
      "active_destinations": 65,
      "yoy_growth_pct": 11.980371098904074
    },
    {
      "year": 2011,
      "export_value_usd": 272744164.51699376,
      "active_destinations": 67,
      "yoy_growth_pct": 30.195071765383
    },
    {
      "year": 2012,
      "export_value_usd": 242448897.58923942,
      "active_destinations": 66,
      "yoy_growth_pct": -11.107576575067931
    },
    {
      "year": 2013,
      "export_value_usd": 287066135.1846901,
      "active_destinations": 69,
      "yoy_growth_pct": 18.40273890254675
    },
    {
      "year": 2014,
      "export_value_usd": 279021570.613267,
      "active_destinations": 74,
      "yoy_growth_pct": -2.8023384110589955
    },
    {
      "year": 2015,
      "export_value_usd": 214490038.05276605,
      "active_destinations": 79,
      "yoy_growth_pct": -23.12779346007759
    },
    {
      "year": 2016,
      "export_value_usd": 254166574.5142506,
      "active_destinations": 84,
      "yoy_growth_pct": 18.498078895264985
    },
    {
      "year": 2017,
      "export_value_usd": 346370678.4189257,
      "active_destinations": 84,
      "yoy_growth_pct": 36.277037639937745
    },
    {
      "year": 2018,
      "export_value_usd": 392579153.01537514,
      "active_destinations": 87,
      "yoy_growth_pct": 13.340758174848036
    },
    {
      "year": 2019,
      "export_value_usd": 353492291.88794756,
      "active_destinations": 91,
      "yoy_growth_pct": -9.95642810556901
    },
    {
      "year": 2020,
      "export_value_usd": 278905181.56768405,
      "active_destinations": 91,
      "yoy_growth_pct": -21.100066969467793
    },
    {
      "year": 2021,
      "export_value_usd": 339971929.29442334,
      "active_destinations": 89,
      "yoy_growth_pct": 21.895164293288598
    },
    {
      "year": 2022,
      "export_value_usd": 420965540.8533447,
      "active_destinations": 97,
      "yoy_growth_pct": 23.823617357766924
    },
    {
      "year": 2023,
      "export_value_usd": 489202330.65971214,
      "active_destinations": 89,
      "yoy_growth_pct": 16.209590378358232
    },
    {
      "year": 2024,
      "export_value_usd": 542190159.6863668,
      "active_destinations": 101,
      "yoy_growth_pct": 10.831475180258872
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "BEL",
    "exports_usd": 371062360612.1727,
    "imports_usd": 417295840554.2898,
    "trade_balance_usd": -46233479942.117065,
    "yoy_exports_growth_pct": -8.340224850282263,
    "yoy_imports_growth_pct": -8.615124209891334,
    "exports_cagr_3y_pct": -3.1736704188207066,
    "imports_cagr_3y_pct": -0.6895804199903433,
    "export_partner_hhi": 776.9307931013719,
    "export_product_hhi": 117.82828237113881,
    "momentum_score": -6.790258520843796,
    "risk_score": 4.473795377362554,
    "gdp_million_usd": 671370.0816364061,
    "gdp_per_capita_usd": 56614.56794990358,
    "population": 11858610,
    "labor_force": 5114.93,
    "investment_rate_pct": 23.69,
    "savings_rate_pct": 24.85,
    "secondary_education_pct": 92.2,
    "tertiary_education_pct": 32.67,
    "total_factor_productivity": 2536.28,
    "trade_openness_pct": 130.56239772942908,
    "exports_gdp_pct": 61.45276530006917,
    "num_active_partners": 270,
    "num_fta_partners": 108,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 5,
    "num_shared_language_partners": 47,
    "avg_partner_distance_km": 6656.576131687243,
    "avg_partner_gdp_million_usd": 533678518.3258193,
    "avg_partner_gdp_per_capita_usd": 15.774186170212769,
    "avg_buyer_biz_entry_days": null,
    "avg_buyer_biz_entry_cost_pct": null,
    "pct_partners_with_fta": 40,
    "pct_partners_shared_language": 17.40740740740741,
    "pct_partners_shared_border": 1.8518518518518516,
    "avg_applied_tariff_pct": 0.12805616369601877,
    "avg_mfn_tariff_pct": 0.13052375531925514,
    "avg_preferential_tariff_pct": 0.024784923491291154,
    "tariff_advantage_pp": 0.10573883182796398,
    "avg_distance_all_partners_km": 6629.935732142248,
    "num_border_partners": 132,
    "num_colonial_partners": 66,
    "avg_substitution_elasticity": -10.86773380919456,
    "pct_products_high_elasticity": 75.91257847012322,
    "pct_products_low_elasticity": 2.6737967914438503,
    "real_market_potential": 1056408.5931701933,
    "foreign_market_potential": 65137.21681860446
  }
}