{
  "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/190532",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/190532",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/190532",
    "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": "190532",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 180,
    "current_lane_count": 150,
    "active_market_count": 150,
    "exports_latest_observed_lanes_usd": 432438740.4856883,
    "exports_current_2024_usd": 432381056.23060685,
    "exports_avg_3y_usd": 379320608.920825,
    "exports_avg_5y_usd": 334366192.8367163,
    "exports_avg_10y_usd": 267054882.3725337,
    "exports_cagr_3y_pct": 13.637142498924026,
    "exports_cagr_5y_pct": 14.040925694452966,
    "exports_cagr_10y_pct": 8.83102579216255,
    "exports_all_year_lane_avg_usd": 182941458.45016566,
    "exports_historical_lane_peak_usd": 472952748.4968698,
    "historical_peak_year": 2024,
    "positive_growth_year_share_pct": 64,
    "trend_acceleration_pct": 4.806116706761477,
    "trend_label": "Rapid growth",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 110205060.79831289,
    "top_market_share_pct": 25.48454855699039,
    "destination_hhi": 1410.7884720333452,
    "weighted_share_latest_pct": 18.23595508367944,
    "weighted_share_change_1y_pp": -0.5100875554539724,
    "weighted_volatility_cv": 0.6220972093982124,
    "weighted_max_drawdown_pct": 52.959610950684876,
    "limited_history_lane_share_pct": 13.333333333333334,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 190532,
      "hs_description": "Food preparations: waffles and wafers, whether or not containing cocoa",
      "hs_chapter": 19,
      "hs_heading": 1905,
      "substitution_elasticity": -9.3685608,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Food preparations: waffles and wafers, whether or not containing cocoa",
    "hs_chapter": 19,
    "hs_heading": 1905,
    "destinations": [
      {
        "hs_code": 190532,
        "corridor_rank": 7,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 110205060.79831289,
        "exports_all_year_avg_usd": 55058199.495575085,
        "exports_avg_3y_usd": 96836493.09346987,
        "exports_avg_5y_usd": 86740009.4948329,
        "exports_avg_10y_usd": 74179227.62068848,
        "exports_cagr_3y_pct": 13.111321229238392,
        "exports_cagr_5y_pct": 8.945189466585713,
        "exports_cagr_10y_pct": 6.735789193310593,
        "exports_historical_peak_usd": 110205060.79831289,
        "buyer_imports_latest_observed_usd": 453898312.43696666,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": 6.375532035927799,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 9.1594,
        "buyer_yoy_all_avg_pct": 6.7943,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 24.279680663852904,
        "market_share_change_1y_pp": -0.17801110623528515,
        "peer_best_share_pct": 24.279680663852915,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 79,
        "buyer_market_hhi": 1782.24,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.3740059824496446,
        "max_drawdown_pct": 54.01985008165323,
        "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": 190532,
        "corridor_rank": 12,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 80276964.61187395,
        "exports_all_year_avg_usd": 31707890.524549145,
        "exports_avg_3y_usd": 70327050.60784236,
        "exports_avg_5y_usd": 59881759.87961586,
        "exports_avg_10y_usd": 48577506.60109242,
        "exports_cagr_3y_pct": 15.884011772701268,
        "exports_cagr_5y_pct": 16.628640541635818,
        "exports_cagr_10y_pct": 9.422136655865199,
        "exports_historical_peak_usd": 80276964.61187395,
        "buyer_imports_latest_observed_usd": 218915938.929366,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 68,
        "trend_acceleration_pct": 6.461875116836069,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 15.8412,
        "buyer_yoy_all_avg_pct": 10.8086,
        "buyer_trend_consistency_pct": 72.4138,
        "market_share_latest_pct": 36.67022374180602,
        "market_share_change_1y_pp": -1.8217740058169056,
        "peer_best_share_pct": 36.670223741806026,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 65,
        "buyer_market_hhi": 2468.51,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5387015042078749,
        "max_drawdown_pct": 12.112549128608096,
        "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": 190532,
        "corridor_rank": 25,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 53635802.45765148,
        "exports_all_year_avg_usd": 14216025.148784904,
        "exports_avg_3y_usd": 44346910.46580327,
        "exports_avg_5y_usd": 40598147.19485059,
        "exports_avg_10y_usd": 28448239.194461357,
        "exports_cagr_3y_pct": 9.532357865072271,
        "exports_cagr_5y_pct": 16.421680211225564,
        "exports_cagr_10y_pct": 24.184274148317144,
        "exports_historical_peak_usd": 53635802.45765148,
        "buyer_imports_latest_observed_usd": 1021802567.944046,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -14.651916283244873,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 5.941,
        "buyer_yoy_all_avg_pct": 11.2308,
        "buyer_trend_consistency_pct": 82.7586,
        "market_share_latest_pct": 5.2491356099810265,
        "market_share_change_1y_pp": 0.759546725194137,
        "peer_best_share_pct": 49.61383167381205,
        "peer_top_exporter": "CAN",
        "supplier_count_latest": 91,
        "buyer_market_hhi": 2782.05,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0217822717801064,
        "max_drawdown_pct": 87.1465557030024,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 190532,
        "corridor_rank": 26,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 50370620.487313874,
        "exports_all_year_avg_usd": 20674348.21245585,
        "exports_avg_3y_usd": 43934571.10890464,
        "exports_avg_5y_usd": 37348676.38776159,
        "exports_avg_10y_usd": 27422444.83717736,
        "exports_cagr_3y_pct": 21.13207117244851,
        "exports_cagr_5y_pct": 20.101768821354348,
        "exports_cagr_10y_pct": 7.926481478394831,
        "exports_historical_peak_usd": 50370620.487313874,
        "buyer_imports_latest_observed_usd": 525259438.0276919,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 72,
        "trend_acceleration_pct": 13.205589694053678,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 6.0969,
        "buyer_yoy_all_avg_pct": 7.6989,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 9.589664999919204,
        "market_share_change_1y_pp": 0.48963781055435973,
        "peer_best_share_pct": 36.62153053198338,
        "peer_top_exporter": "POL",
        "supplier_count_latest": 81,
        "buyer_market_hhi": 1969.86,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.48358030525169665,
        "max_drawdown_pct": 62.70042814900116,
        "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": 190532,
        "corridor_rank": 34,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 43432649.31210962,
        "exports_all_year_avg_usd": 15896401.311512493,
        "exports_avg_3y_usd": 36879870.79763081,
        "exports_avg_5y_usd": 31514979.617927484,
        "exports_avg_10y_usd": 24445081.34587238,
        "exports_cagr_3y_pct": 16.988955650709503,
        "exports_cagr_5y_pct": 18.426868483391566,
        "exports_cagr_10y_pct": 9.543632183926022,
        "exports_historical_peak_usd": 43432649.31210962,
        "buyer_imports_latest_observed_usd": 462466050.76520693,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 68,
        "trend_acceleration_pct": 7.445323466783481,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 13.7434,
        "buyer_yoy_all_avg_pct": 8.8212,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 9.391532468220092,
        "market_share_change_1y_pp": -0.047431169850217,
        "peer_best_share_pct": 38.20177086438473,
        "peer_top_exporter": "POL",
        "supplier_count_latest": 72,
        "buyer_market_hhi": 1911.86,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5890505134966332,
        "max_drawdown_pct": 26.805086498083835,
        "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"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 190532,
      "num_markets": 157,
      "highest_price_importer_iso3": "MUS",
      "highest_price_usd_per_ton": 112040.81632653062,
      "lowest_price_importer_iso3": "LBR",
      "lowest_price_usd_per_ton": 43.47826086956522,
      "median_price_across_markets": 5249.435665914221,
      "price_spread_pct": 2133.511965731578,
      "avg_quantity_metric_tons": 580.917013782542,
      "total_trade_value_usd": 1390337017
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 132881670.15903293,
        "active_destinations": 108,
        "yoy_growth_pct": -3.2019054453551736
      },
      {
        "year": 2011,
        "export_value_usd": 148187919.3632316,
        "active_destinations": 118,
        "yoy_growth_pct": 11.518706218758492
      },
      {
        "year": 2012,
        "export_value_usd": 157749047.81575644,
        "active_destinations": 117,
        "yoy_growth_pct": 6.452029621314158
      },
      {
        "year": 2013,
        "export_value_usd": 170991556.25585464,
        "active_destinations": 123,
        "yoy_growth_pct": 8.39466774821033
      },
      {
        "year": 2014,
        "export_value_usd": 185498085.44075966,
        "active_destinations": 128,
        "yoy_growth_pct": 8.483769317356762
      },
      {
        "year": 2015,
        "export_value_usd": 175188200.51574245,
        "active_destinations": 130,
        "yoy_growth_pct": -5.557946811429358
      },
      {
        "year": 2016,
        "export_value_usd": 176588230.6944515,
        "active_destinations": 131,
        "yoy_growth_pct": 0.7991578054843099
      },
      {
        "year": 2017,
        "export_value_usd": 198605487.97039047,
        "active_destinations": 139,
        "yoy_growth_pct": 12.468134025327629
      },
      {
        "year": 2018,
        "export_value_usd": 224173426.40301418,
        "active_destinations": 134,
        "yoy_growth_pct": 12.873732087622658
      },
      {
        "year": 2019,
        "export_value_usd": 224162513.95815694,
        "active_destinations": 137,
        "yoy_growth_pct": -0.004867858350713507
      },
      {
        "year": 2020,
        "export_value_usd": 239219612.88620153,
        "active_destinations": 126,
        "yoy_growth_pct": 6.717045888794415
      },
      {
        "year": 2021,
        "export_value_usd": 294649524.53490484,
        "active_destinations": 133,
        "yoy_growth_pct": 23.171140100068513
      },
      {
        "year": 2022,
        "export_value_usd": 316994500.9414852,
        "active_destinations": 133,
        "yoy_growth_pct": 7.583577961597339
      },
      {
        "year": 2023,
        "export_value_usd": 388586269.59038293,
        "active_destinations": 134,
        "yoy_growth_pct": 22.58454592627555
      },
      {
        "year": 2024,
        "export_value_usd": 432381056.2306068,
        "active_destinations": 150,
        "yoy_growth_pct": 11.270286694995393
      }
    ],
    "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": "190532",
    "hs_description": "Food preparations: waffles and wafers, whether or not containing cocoa",
    "hs_chapter": 19,
    "hs_heading": 1905
  },
  "destinations": [
    {
      "hs_code": 190532,
      "corridor_rank": 7,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 110205060.79831289,
      "exports_all_year_avg_usd": 55058199.495575085,
      "exports_avg_3y_usd": 96836493.09346987,
      "exports_avg_5y_usd": 86740009.4948329,
      "exports_avg_10y_usd": 74179227.62068848,
      "exports_cagr_3y_pct": 13.111321229238392,
      "exports_cagr_5y_pct": 8.945189466585713,
      "exports_cagr_10y_pct": 6.735789193310593,
      "exports_historical_peak_usd": 110205060.79831289,
      "buyer_imports_latest_observed_usd": 453898312.43696666,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": 6.375532035927799,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 9.1594,
      "buyer_yoy_all_avg_pct": 6.7943,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 24.279680663852904,
      "market_share_change_1y_pp": -0.17801110623528515,
      "peer_best_share_pct": 24.279680663852915,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 79,
      "buyer_market_hhi": 1782.24,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.3740059824496446,
      "max_drawdown_pct": 54.01985008165323,
      "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": 190532,
      "corridor_rank": 12,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
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