{
  "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/040520",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/040520",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/040520",
    "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": "040520",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 124,
    "current_lane_count": 52,
    "active_market_count": 52,
    "exports_latest_observed_lanes_usd": 39136404.93274914,
    "exports_current_2024_usd": 38371687.83480526,
    "exports_avg_3y_usd": 35993669.66265636,
    "exports_avg_5y_usd": 35185204.94099385,
    "exports_avg_10y_usd": 35203062.53462547,
    "exports_cagr_3y_pct": 9.163654334818961,
    "exports_cagr_5y_pct": 0.4429430785177546,
    "exports_cagr_10y_pct": -0.5896028317512347,
    "exports_all_year_lane_avg_usd": 34507395.74043154,
    "exports_historical_lane_peak_usd": 79576642.28876463,
    "historical_peak_year": 2013,
    "positive_growth_year_share_pct": 76,
    "trend_acceleration_pct": 9.753257166570195,
    "trend_label": "Growing",
    "top_market_iso3": "ESP",
    "top_market_exports_usd": 11792383.928191336,
    "top_market_share_pct": 30.131495083554626,
    "destination_hhi": 1847.3468911020327,
    "weighted_share_latest_pct": 62.51553360341346,
    "weighted_share_change_1y_pp": 2.6810958124689495,
    "weighted_volatility_cv": 0.7443304535299998,
    "weighted_max_drawdown_pct": 72.59310102395528,
    "limited_history_lane_share_pct": 47.58064516129032,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 40520,
      "hs_description": "Dairy produce: dairy spreads",
      "hs_chapter": 4,
      "hs_heading": 405,
      "substitution_elasticity": -10.127631,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Dairy produce: dairy spreads",
    "hs_chapter": 4,
    "hs_heading": 405,
    "destinations": [
      {
        "hs_code": 40520,
        "corridor_rank": 7,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 11792383.928191336,
        "exports_all_year_avg_usd": 2663129.504396995,
        "exports_avg_3y_usd": 10053455.632370645,
        "exports_avg_5y_usd": 8759701.051401975,
        "exports_avg_10y_usd": 5532359.653197594,
        "exports_cagr_3y_pct": 29.852239479411757,
        "exports_cagr_5y_pct": 14.3864288439026,
        "exports_cagr_10y_pct": 27.714720719721917,
        "exports_historical_peak_usd": 11792383.928191336,
        "buyer_imports_latest_observed_usd": 16625003.685131049,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 58.333333333333336,
        "trend_acceleration_pct": 2.13751875968984,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 21.8845,
        "buyer_yoy_all_avg_pct": 54.6959,
        "buyer_trend_consistency_pct": 57.1429,
        "market_share_latest_pct": 70.9316169279296,
        "market_share_change_1y_pp": 7.299679108708688,
        "peer_best_share_pct": 70.93161692792961,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 16,
        "buyer_market_hhi": 5615.61,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.2676111554252936,
        "max_drawdown_pct": 78.59923384981329,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40520,
        "corridor_rank": 10,
        "exporter_iso3": "BEL",
        "importer_iso3": "PRT",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 8659789.87463915,
        "exports_all_year_avg_usd": 9707616.508519925,
        "exports_avg_3y_usd": 7832563.322006767,
        "exports_avg_5y_usd": 7433651.701842913,
        "exports_avg_10y_usd": 7481702.781219589,
        "exports_cagr_3y_pct": 13.78679900648596,
        "exports_cagr_5y_pct": 4.020981952518965,
        "exports_cagr_10y_pct": -2.3695349837134283,
        "exports_historical_peak_usd": 17878390.965983354,
        "buyer_imports_latest_observed_usd": 13092790.940852927,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": 16.15633399019939,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 5.3687,
        "buyer_yoy_all_avg_pct": 94.545,
        "buyer_trend_consistency_pct": 64.2857,
        "market_share_latest_pct": 66.14166462872592,
        "market_share_change_1y_pp": 0.12546569303522404,
        "peer_best_share_pct": 66.1416646287259,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 9,
        "buyer_market_hhi": 4838.11,
        "distance_km": 1711.3958740234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.3739602393161894,
        "max_drawdown_pct": 67.12215957370002,
        "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']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40520,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2672285.6937174574,
        "exports_all_year_avg_usd": 3938839.7695404086,
        "exports_avg_3y_usd": 2562041.0280381963,
        "exports_avg_5y_usd": 2933436.600496272,
        "exports_avg_10y_usd": 5134553.439143834,
        "exports_cagr_3y_pct": -3.7001496268883605,
        "exports_cagr_5y_pct": -12.371971535740423,
        "exports_cagr_10y_pct": -10.42938286343469,
        "exports_historical_peak_usd": 10080898.607278448,
        "buyer_imports_latest_observed_usd": 14884179.668342445,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 6.729233236546329,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 13.4215,
        "buyer_yoy_all_avg_pct": 19.241,
        "buyer_trend_consistency_pct": 60.7143,
        "market_share_latest_pct": 17.95386614017575,
        "market_share_change_1y_pp": -0.5892203617495184,
        "peer_best_share_pct": 58.75737367992887,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 30,
        "buyer_market_hhi": 4018.34,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.7301208211288525,
        "max_drawdown_pct": 96.88970301166519,
        "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']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40520,
        "corridor_rank": 85,
        "exporter_iso3": "BEL",
        "importer_iso3": "KWT",
        "latest_data_year": 2024,
        "lane_data_years": 22,
        "exports_latest_observed_usd": 95661.59934918827,
        "exports_all_year_avg_usd": 99692.05561583386,
        "exports_avg_3y_usd": 738008.9896319362,
        "exports_avg_5y_usd": 370095.0028825441,
        "exports_avg_10y_usd": 220257.9303540109,
        "exports_cagr_3y_pct": 338.8617082840988,
        "exports_cagr_5y_pct": 113.97384331400944,
        "exports_cagr_10y_pct": 20.178712247380638,
        "exports_historical_peak_usd": 1380356.379914684,
        "buyer_imports_latest_observed_usd": 10909373.381971888,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 42.857142857142854,
        "trend_acceleration_pct": 318.6829960367182,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -5.127,
        "buyer_yoy_all_avg_pct": 52.5472,
        "buyer_trend_consistency_pct": 60.7143,
        "market_share_latest_pct": 0.8768752887977262,
        "market_share_change_1y_pp": -7.880132359295076,
        "peer_best_share_pct": 62.6379917416615,
        "peer_top_exporter": "SAU",
        "supplier_count_latest": 18,
        "buyer_market_hhi": 4469.4,
        "distance_km": 4329.82373046875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.04070672613737372,
        "tariff_advantage_pp": null,
        "volatility_cv": 2.968639724889212,
        "max_drawdown_pct": 99.76084256738808,
        "attention_level": "Watch",
        "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']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 40520,
        "corridor_rank": 88,
        "exporter_iso3": "BEL",
        "importer_iso3": "ARE",
        "latest_data_year": 2024,
        "lane_data_years": 13,
        "exports_latest_observed_usd": 88518.58642585357,
        "exports_all_year_avg_usd": 52106.348607570435,
        "exports_avg_3y_usd": 66578.67611454561,
        "exports_avg_5y_usd": 87040.5103701883,
        "exports_avg_10y_usd": 66450.25963002333,
        "exports_cagr_3y_pct": 117.31989000063088,
        "exports_cagr_5y_pct": 11.935925142297975,
        "exports_cagr_10y_pct": 0.9374399101233388,
        "exports_historical_peak_usd": 226841.9815295495,
        "buyer_imports_latest_observed_usd": 32382162.617385447,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 58.333333333333336,
        "trend_acceleration_pct": 116.38245009050753,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 6.4949,
        "buyer_yoy_all_avg_pct": 49.3615,
        "buyer_trend_consistency_pct": 60.7143,
        "market_share_latest_pct": 0.2733560061190274,
        "market_share_change_1y_pp": 0.22962598380574442,
        "peer_best_share_pct": 93.28423884312198,
        "peer_top_exporter": "SAU",
        "supplier_count_latest": 28,
        "buyer_market_hhi": 8708.09,
        "distance_km": 5159.97021484375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.052146291145454514,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1419415045303525,
        "max_drawdown_pct": 99.5752234990167,
        "attention_level": "Watch",
        "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']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 40520,
      "num_markets": 77,
      "highest_price_importer_iso3": "UKR",
      "highest_price_usd_per_ton": 30066.666666666668,
      "lowest_price_importer_iso3": "LBR",
      "lowest_price_usd_per_ton": 156.56565656565655,
      "median_price_across_markets": 5683.535326671986,
      "price_spread_pct": 526.258733182098,
      "avg_quantity_metric_tons": 164.40873708920188,
      "total_trade_value_usd": 177656825
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 33281698.647711266,
        "active_destinations": 41,
        "yoy_growth_pct": 2.5506367910622387
      },
      {
        "year": 2011,
        "export_value_usd": 35833272.92322631,
        "active_destinations": 47,
        "yoy_growth_pct": 7.666598698953468
      },
      {
        "year": 2012,
        "export_value_usd": 37435700.411886506,
        "active_destinations": 45,
        "yoy_growth_pct": 4.471898205038192
      },
      {
        "year": 2013,
        "export_value_usd": 42759942.865737684,
        "active_destinations": 50,
        "yoy_growth_pct": 14.222366338204361
      },
      {
        "year": 2014,
        "export_value_usd": 40709223.03056758,
        "active_destinations": 51,
        "yoy_growth_pct": -4.795890026348207
      },
      {
        "year": 2015,
        "export_value_usd": 29919999.959894255,
        "active_destinations": 49,
        "yoy_growth_pct": -26.503141714524876
      },
      {
        "year": 2016,
        "export_value_usd": 32865382.971928407,
        "active_destinations": 49,
        "yoy_growth_pct": 9.844194572133153
      },
      {
        "year": 2017,
        "export_value_usd": 38465173.69335949,
        "active_destinations": 44,
        "yoy_growth_pct": 17.038568289966612
      },
      {
        "year": 2018,
        "export_value_usd": 37321002.84086689,
        "active_destinations": 40,
        "yoy_growth_pct": -2.9745630725960286
      },
      {
        "year": 2019,
        "export_value_usd": 37533041.17523643,
        "active_destinations": 42,
        "yoy_growth_pct": 0.5681474725468753
      },
      {
        "year": 2020,
        "export_value_usd": 38448093.295398,
        "active_destinations": 44,
        "yoy_growth_pct": 2.4379908781953548
      },
      {
        "year": 2021,
        "export_value_usd": 29496922.421602163,
        "active_destinations": 41,
        "yoy_growth_pct": -23.281182775498607
      },
      {
        "year": 2022,
        "export_value_usd": 33892777.70417062,
        "active_destinations": 50,
        "yoy_growth_pct": 14.90275907343181
      },
      {
        "year": 2023,
        "export_value_usd": 35716543.44899318,
        "active_destinations": 46,
        "yoy_growth_pct": 5.380986358631034
      },
      {
        "year": 2024,
        "export_value_usd": 38371687.834805265,
        "active_destinations": 52,
        "yoy_growth_pct": 7.433934332430277
      }
    ],
    "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": "040520",
    "hs_description": "Dairy produce: dairy spreads",
    "hs_chapter": 4,
    "hs_heading": 405
  },
  "destinations": [
    {
      "hs_code": 40520,
      "corridor_rank": 7,
      "exporter_iso3": "BEL",
      "importer_iso3": "ESP",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 11792383.928191336,
      "exports_all_year_avg_usd": 2663129.504396995,
      "exports_avg_3y_usd": 10053455.632370645,
      "exports_avg_5y_usd": 8759701.051401975,
      "exports_avg_10y_usd": 5532359.653197594,
      "exports_cagr_3y_pct": 29.852239479411757,
      "exports_cagr_5y_pct": 14.3864288439026,
      "exports_cagr_10y_pct": 27.714720719721917,
      "exports_historical_peak_usd": 11792383.928191336,
      "buyer_imports_latest_observed_usd": 16625003.685131049,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 58.333333333333336,
      "trend_acceleration_pct": 2.13751875968984,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 21.8845,
      "buyer_yoy_all_avg_pct": 54.6959,
      "buyer_trend_consistency_pct": 57.1429,
      "market_share_latest_pct": 70.9316169279296,
      "market_share_change_1y_pp": 7.299679108708688,
      "peer_best_share_pct": 70.93161692792961,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 16,
      "buyer_market_hhi": 5615.61,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.2676111554252936,
      "max_drawdown_pct": 78.59923384981329,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
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