{
  "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/040510",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/040510",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/040510",
    "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": "040510",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 163,
    "current_lane_count": 121,
    "active_market_count": 121,
    "exports_latest_observed_lanes_usd": 657086940.5242653,
    "exports_current_2024_usd": 654409947.3404744,
    "exports_avg_3y_usd": 690606620.453756,
    "exports_avg_5y_usd": 624616892.4963834,
    "exports_avg_10y_usd": 570987169.239123,
    "exports_cagr_3y_pct": 5.041191803437828,
    "exports_cagr_5y_pct": 3.100327958215021,
    "exports_cagr_10y_pct": 4.1430356732124585,
    "exports_all_year_lane_avg_usd": 370065374.1564225,
    "exports_historical_lane_peak_usd": 960577349.9323334,
    "historical_peak_year": 2022,
    "positive_growth_year_share_pct": 68,
    "trend_acceleration_pct": 0.8981561302253693,
    "trend_label": "Growing",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 265673285.0150978,
    "top_market_share_pct": 40.43198374984092,
    "destination_hhi": 2060.6536740899555,
    "weighted_share_latest_pct": 14.687349326580563,
    "weighted_share_change_1y_pp": -3.1426307478210473,
    "weighted_volatility_cv": 0.6994560445685176,
    "weighted_max_drawdown_pct": 50.38633668592483,
    "limited_history_lane_share_pct": 18.404907975460123,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 40510,
      "hs_description": "Dairy produce: derived from milk, butter",
      "hs_chapter": 4,
      "hs_heading": 405,
      "substitution_elasticity": -3.3368688,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Dairy produce: derived from milk, butter",
    "hs_chapter": 4,
    "hs_heading": 405,
    "destinations": [
      {
        "hs_code": 40510,
        "corridor_rank": 6,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 265673285.0150978,
        "exports_all_year_avg_usd": 137614216.33762076,
        "exports_avg_3y_usd": 318955705.776264,
        "exports_avg_5y_usd": 286507714.9927565,
        "exports_avg_10y_usd": 239970204.70736918,
        "exports_cagr_3y_pct": -0.3155426377419057,
        "exports_cagr_5y_pct": 2.745128389809204,
        "exports_cagr_10y_pct": 5.499114825426998,
        "exports_historical_peak_usd": 384305020.3964027,
        "buyer_imports_latest_observed_usd": 1407498861.8855772,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -5.8146574631689045,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": 16.845,
        "buyer_yoy_all_avg_pct": 6.9434,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 18.875559491336606,
        "market_share_change_1y_pp": -6.601133675198437,
        "peer_best_share_pct": 38.69150172251363,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 48,
        "buyer_market_hhi": 2256.17,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.718931317702981,
        "max_drawdown_pct": 33.551061028905565,
        "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": 40510,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 101268516.67842282,
        "exports_all_year_avg_usd": 71606694.7987354,
        "exports_avg_3y_usd": 102729958.29331033,
        "exports_avg_5y_usd": 98275882.83083344,
        "exports_avg_10y_usd": 97639323.83960311,
        "exports_cagr_3y_pct": -0.9516898878077051,
        "exports_cagr_5y_pct": 0.7146203735789003,
        "exports_cagr_10y_pct": 2.575167126875133,
        "exports_historical_peak_usd": 117396570.82990257,
        "buyer_imports_latest_observed_usd": 906385753.9706537,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": -3.526857014682838,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": 39.5567,
        "buyer_yoy_all_avg_pct": 7.475,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 11.17278335794559,
        "market_share_change_1y_pp": -3.582602893292485,
        "peer_best_share_pct": 32.7373659041986,
        "peer_top_exporter": "IRL",
        "supplier_count_latest": 42,
        "buyer_market_hhi": 1962.92,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.34075540093918133,
        "max_drawdown_pct": 32.72902466284136,
        "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": 40510,
        "corridor_rank": 25,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 67757430.68596686,
        "exports_all_year_avg_usd": 30932082.70233891,
        "exports_avg_3y_usd": 60664669.80358527,
        "exports_avg_5y_usd": 51752298.463775754,
        "exports_avg_10y_usd": 50956173.517964944,
        "exports_cagr_3y_pct": 16.379047079710652,
        "exports_cagr_5y_pct": 8.264043267500254,
        "exports_cagr_10y_pct": 6.450332392632596,
        "exports_historical_peak_usd": 67757430.68596686,
        "buyer_imports_latest_observed_usd": 253749504.0053971,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 80,
        "trend_acceleration_pct": 9.928714687078056,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 20.0184,
        "buyer_yoy_all_avg_pct": 7.8154,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 26.70248793255796,
        "market_share_change_1y_pp": -0.5742895361645743,
        "peer_best_share_pct": 26.70248793255797,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 38,
        "buyer_market_hhi": 1831.74,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.62376461231249,
        "max_drawdown_pct": 49.57782524062029,
        "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": 40510,
        "corridor_rank": 41,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 43307534.203613795,
        "exports_all_year_avg_usd": 41002694.7463674,
        "exports_avg_3y_usd": 42795591.95579221,
        "exports_avg_5y_usd": 38793543.4766724,
        "exports_avg_10y_usd": 52256873.22677735,
        "exports_cagr_3y_pct": 14.542694079214712,
        "exports_cagr_5y_pct": -6.982570199598359,
        "exports_cagr_10y_pct": -5.250142488240439,
        "exports_historical_peak_usd": 84220185.68696192,
        "buyer_imports_latest_observed_usd": 619943692.3604896,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": 19.79283656745515,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -26.2081,
        "buyer_yoy_all_avg_pct": 2.5438,
        "buyer_trend_consistency_pct": 41.3793,
        "market_share_latest_pct": 6.985720596449106,
        "market_share_change_1y_pp": 1.7216600112579519,
        "peer_best_share_pct": 37.25152737480885,
        "peer_top_exporter": "IRL",
        "supplier_count_latest": 46,
        "buyer_market_hhi": 2814.61,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.47250469389609245,
        "max_drawdown_pct": 65.78275168097557,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40510,
        "corridor_rank": 72,
        "exporter_iso3": "BEL",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 25590260.345373143,
        "exports_all_year_avg_usd": 5204219.01229986,
        "exports_avg_3y_usd": 19581202.503417406,
        "exports_avg_5y_usd": 16192218.715872651,
        "exports_avg_10y_usd": 11809502.873114794,
        "exports_cagr_3y_pct": 30.13690446197066,
        "exports_cagr_5y_pct": 23.16002982429799,
        "exports_cagr_10y_pct": 19.715848150732775,
        "exports_historical_peak_usd": 25590260.345373143,
        "buyer_imports_latest_observed_usd": 710745344.3431958,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 79.16666666666667,
        "trend_acceleration_pct": 10.421056311237884,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 22.9696,
        "buyer_yoy_all_avg_pct": 28.947,
        "buyer_trend_consistency_pct": 72.4138,
        "market_share_latest_pct": 3.6004823034080182,
        "market_share_change_1y_pp": 0.18647128992768458,
        "peer_best_share_pct": 80.00473935873671,
        "peer_top_exporter": "NZL",
        "supplier_count_latest": 30,
        "buyer_market_hhi": 6506.35,
        "distance_km": 7970.81982421875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30189875567878793,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.2858410198231522,
        "max_drawdown_pct": 97.87530415181473,
        "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"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 40510,
      "num_markets": 142,
      "highest_price_importer_iso3": "BHS",
      "highest_price_usd_per_ton": 33585.604472396924,
      "lowest_price_importer_iso3": "NCL",
      "lowest_price_usd_per_ton": 220,
      "median_price_across_markets": 6032.071657124057,
      "price_spread_pct": 553.1367392327169,
      "avg_quantity_metric_tons": 990.497841818182,
      "total_trade_value_usd": 3016376740
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 315786907.3713562,
        "active_destinations": 93,
        "yoy_growth_pct": 26.736196332120798
      },
      {
        "year": 2011,
        "export_value_usd": 373723864.36146533,
        "active_destinations": 98,
        "yoy_growth_pct": 18.346852145449137
      },
      {
        "year": 2012,
        "export_value_usd": 299381745.6874526,
        "active_destinations": 99,
        "yoy_growth_pct": -19.892258901109162
      },
      {
        "year": 2013,
        "export_value_usd": 362686282.6725432,
        "active_destinations": 99,
        "yoy_growth_pct": 21.145089136857074
      },
      {
        "year": 2014,
        "export_value_usd": 436061319.01653856,
        "active_destinations": 105,
        "yoy_growth_pct": 20.23099296816888
      },
      {
        "year": 2015,
        "export_value_usd": 344286623.0141592,
        "active_destinations": 103,
        "yoy_growth_pct": -21.046282254376845
      },
      {
        "year": 2016,
        "export_value_usd": 396662597.1354942,
        "active_destinations": 116,
        "yoy_growth_pct": 15.212898387626565
      },
      {
        "year": 2017,
        "export_value_usd": 597242519.4175462,
        "active_destinations": 113,
        "yoy_growth_pct": 50.56688574383956
      },
      {
        "year": 2018,
        "export_value_usd": 686836982.6849868,
        "active_destinations": 104,
        "yoy_growth_pct": 15.0013537808421
      },
      {
        "year": 2019,
        "export_value_usd": 561758507.6571271,
        "active_destinations": 106,
        "yoy_growth_pct": -18.210795018477636
      },
      {
        "year": 2020,
        "export_value_usd": 486625473.170468,
        "active_destinations": 114,
        "yoy_growth_pct": -13.3746144406445
      },
      {
        "year": 2021,
        "export_value_usd": 564639127.9501811,
        "active_destinations": 108,
        "yoy_growth_pct": 16.031560015022986
      },
      {
        "year": 2022,
        "export_value_usd": 746732566.4439392,
        "active_destinations": 110,
        "yoy_growth_pct": 32.2495253127099
      },
      {
        "year": 2023,
        "export_value_usd": 670677347.5768539,
        "active_destinations": 123,
        "yoy_growth_pct": -10.185067892414622
      },
      {
        "year": 2024,
        "export_value_usd": 654409947.3404744,
        "active_destinations": 121,
        "yoy_growth_pct": -2.425518066944314
      }
    ],
    "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": "040510",
    "hs_description": "Dairy produce: derived from milk, butter",
    "hs_chapter": 4,
    "hs_heading": 405
  },
  "destinations": [
    {
      "hs_code": 40510,
      "corridor_rank": 6,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 265673285.0150978,
      "exports_all_year_avg_usd": 137614216.33762076,
      "exports_avg_3y_usd": 318955705.776264,
      "exports_avg_5y_usd": 286507714.9927565,
      "exports_avg_10y_usd": 239970204.70736918,
      "exports_cagr_3y_pct": -0.3155426377419057,
      "exports_cagr_5y_pct": 2.745128389809204,
      "exports_cagr_10y_pct": 5.499114825426998,
      "exports_historical_peak_usd": 384305020.3964027,
      "buyer_imports_latest_observed_usd": 1407498861.8855772,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -5.8146574631689045,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": 16.845,
      "buyer_yoy_all_avg_pct": 6.9434,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 18.875559491336606,
      "market_share_change_1y_pp": -6.601133675198437,
      "peer_best_share_pct": 38.69150172251363,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 48,
      "buyer_market_hhi": 2256.17,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.718931317702981,
      "max_drawdown_pct": 33.551061028905565,
      "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": 40510,
      "corridor_rank": 19,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
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