{
  "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/251749",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/251749",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/251749",
    "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": "251749",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 134,
    "current_lane_count": 50,
    "active_market_count": 50,
    "exports_latest_observed_lanes_usd": 21753034.822425943,
    "exports_current_2024_usd": 21634176.065404706,
    "exports_avg_3y_usd": 26418278.090203688,
    "exports_avg_5y_usd": 26556559.5939889,
    "exports_avg_10y_usd": 23218182.952551417,
    "exports_cagr_3y_pct": -10.049286287947313,
    "exports_cagr_5y_pct": 0.902445683200237,
    "exports_cagr_10y_pct": 6.353765252136401,
    "exports_all_year_lane_avg_usd": 13400587.060641434,
    "exports_historical_lane_peak_usd": 40148753.51613538,
    "historical_peak_year": 2023,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": -16.403051540083712,
    "trend_label": "Rapid decline",
    "top_market_iso3": "NLD",
    "top_market_exports_usd": 9235390.408506764,
    "top_market_share_pct": 42.45564117327522,
    "destination_hhi": 3605.6653454399316,
    "weighted_share_latest_pct": 23.299966025710717,
    "weighted_share_change_1y_pp": -7.728785685032344,
    "weighted_volatility_cv": 0.8718285946058385,
    "weighted_max_drawdown_pct": 62.558467142736,
    "limited_history_lane_share_pct": 40.298507462686565,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 251749,
      "hs_description": "Stones: of heading no. 2515 or 2516 (excluding marble), in granules, chippings and powder, whether or not heat-treated",
      "hs_chapter": 25,
      "hs_heading": 2517,
      "substitution_elasticity": -31.480614,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Stones: of heading no. 2515 or 2516 (excluding marble), in granules, chippings and powder, whether or not heat-treated",
    "hs_chapter": 25,
    "hs_heading": 2517,
    "destinations": [
      {
        "hs_code": 251749,
        "corridor_rank": 8,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 9235390.408506764,
        "exports_all_year_avg_usd": 5410156.610650957,
        "exports_avg_3y_usd": 7073810.427072607,
        "exports_avg_5y_usd": 6120955.774318384,
        "exports_avg_10y_usd": 6872660.999844936,
        "exports_cagr_3y_pct": 20.745888212263797,
        "exports_cagr_5y_pct": 11.401568904336411,
        "exports_cagr_10y_pct": 1.124536079506866,
        "exports_historical_peak_usd": 10571077.61293766,
        "buyer_imports_latest_observed_usd": 64545936.7580607,
        "historical_peak_year": 2015,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 19.621352132756932,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 21.5324,
        "buyer_yoy_all_avg_pct": 3.7047,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 14.308244441666455,
        "market_share_change_1y_pp": 3.3215613148205456,
        "peer_best_share_pct": 68.33284441724888,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 46,
        "buyer_market_hhi": 5005.09,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.4537262988615559,
        "max_drawdown_pct": 60.86276254732379,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 251749,
        "corridor_rank": 9,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 9042718.767082624,
        "exports_all_year_avg_usd": 5525650.188574771,
        "exports_avg_3y_usd": 16023364.365426354,
        "exports_avg_5y_usd": 17045747.8815687,
        "exports_avg_10y_usd": 13194240.530089414,
        "exports_cagr_3y_pct": -23.642728622876074,
        "exports_cagr_5y_pct": -6.6220950133583205,
        "exports_cagr_10y_pct": 21.998548616957713,
        "exports_historical_peak_usd": 21367102.188466407,
        "buyer_imports_latest_observed_usd": 23258456.744716123,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -45.641277239833784,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -34.6916,
        "buyer_yoy_all_avg_pct": 5.3832,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 38.879272457047094,
        "market_share_change_1y_pp": -21.118318997911125,
        "peer_best_share_pct": 38.87927245704708,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 56,
        "buyer_market_hhi": 2740.07,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.274258986270458,
        "max_drawdown_pct": 58.83645420910094,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 251749,
        "corridor_rank": 30,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 1704430.170977094,
        "exports_all_year_avg_usd": 662547.7146737172,
        "exports_avg_3y_usd": 1488013.7743284618,
        "exports_avg_5y_usd": 1503520.9633666822,
        "exports_avg_10y_usd": 1145146.610873381,
        "exports_cagr_3y_pct": -4.797031608366742,
        "exports_cagr_5y_pct": 13.661380683660651,
        "exports_cagr_10y_pct": 8.270086165094881,
        "exports_historical_peak_usd": 1975275.8047571955,
        "buyer_imports_latest_observed_usd": 39887254.45701762,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -13.067117773461623,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -2.2538,
        "buyer_yoy_all_avg_pct": -0.4797,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 4.27311980776662,
        "market_share_change_1y_pp": 1.6858566418519452,
        "peer_best_share_pct": 38.94349425140546,
        "peer_top_exporter": "NOR",
        "supplier_count_latest": 47,
        "buyer_market_hhi": 2078.57,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.7389411258457225,
        "max_drawdown_pct": 65.17201887664406,
        "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": 251749,
        "corridor_rank": 59,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 280898.58162093133,
        "exports_all_year_avg_usd": 430087.08111522294,
        "exports_avg_3y_usd": 318168.7463769037,
        "exports_avg_5y_usd": 469150.0442335058,
        "exports_avg_10y_usd": 521597.3522203479,
        "exports_cagr_3y_pct": -32.59420441538726,
        "exports_cagr_5y_pct": -5.000643453505715,
        "exports_cagr_10y_pct": -4.113179264702049,
        "exports_historical_peak_usd": 917186.8706486997,
        "buyer_imports_latest_observed_usd": 10404378.562329385,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 58.333333333333336,
        "trend_acceleration_pct": -28.481025150685213,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 36.2999,
        "buyer_yoy_all_avg_pct": 7.6629,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 2.699811237530003,
        "market_share_change_1y_pp": -1.3515587715963946,
        "peer_best_share_pct": 49.3334431670009,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 44,
        "buyer_market_hhi": 2840.61,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5300374879800412,
        "max_drawdown_pct": 69.37389853582839,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 251749,
      "num_markets": 87,
      "highest_price_importer_iso3": "MEX",
      "highest_price_usd_per_ton": 23200,
      "lowest_price_importer_iso3": "FRA",
      "lowest_price_usd_per_ton": 10.370209859243841,
      "median_price_across_markets": 690.5405405405405,
      "price_spread_pct": 3358.1851359499337,
      "avg_quantity_metric_tons": 16744.94992361111,
      "total_trade_value_usd": 108233312
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 8367512.576332127,
        "active_destinations": 50,
        "yoy_growth_pct": -5.295241602502002
      },
      {
        "year": 2011,
        "export_value_usd": 9101799.41215215,
        "active_destinations": 53,
        "yoy_growth_pct": 8.775449443565655
      },
      {
        "year": 2012,
        "export_value_usd": 8794464.947902579,
        "active_destinations": 57,
        "yoy_growth_pct": -3.376634117416806
      },
      {
        "year": 2013,
        "export_value_usd": 8184516.037500743,
        "active_destinations": 55,
        "yoy_growth_pct": -6.935599994031527
      },
      {
        "year": 2014,
        "export_value_usd": 11684541.113134872,
        "active_destinations": 61,
        "yoy_growth_pct": 42.76398335096807
      },
      {
        "year": 2015,
        "export_value_usd": 14950324.132976832,
        "active_destinations": 63,
        "yoy_growth_pct": 27.949604423667225
      },
      {
        "year": 2016,
        "export_value_usd": 19852719.38163306,
        "active_destinations": 64,
        "yoy_growth_pct": 32.791230511469095
      },
      {
        "year": 2017,
        "export_value_usd": 20738101.506013885,
        "active_destinations": 68,
        "yoy_growth_pct": 4.459752376291315
      },
      {
        "year": 2018,
        "export_value_usd": 23174011.95822714,
        "active_destinations": 68,
        "yoy_growth_pct": 11.74606292435621
      },
      {
        "year": 2019,
        "export_value_usd": 20683874.57671879,
        "active_destinations": 62,
        "yoy_growth_pct": -10.745387488351202
      },
      {
        "year": 2020,
        "export_value_usd": 23802645.039472915,
        "active_destinations": 56,
        "yoy_growth_pct": 15.078270036816654
      },
      {
        "year": 2021,
        "export_value_usd": 29725318.659860495,
        "active_destinations": 57,
        "yoy_growth_pct": 24.88241794374434
      },
      {
        "year": 2022,
        "export_value_usd": 27046174.3663745,
        "active_destinations": 58,
        "yoy_growth_pct": -9.013004449650428
      },
      {
        "year": 2023,
        "export_value_usd": 30574483.838831857,
        "active_destinations": 53,
        "yoy_growth_pct": 13.04550294123657
      },
      {
        "year": 2024,
        "export_value_usd": 21634176.06540472,
        "active_destinations": 50,
        "yoy_growth_pct": -29.24107507604849
      }
    ],
    "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": "251749",
    "hs_description": "Stones: of heading no. 2515 or 2516 (excluding marble), in granules, chippings and powder, whether or not heat-treated",
    "hs_chapter": 25,
    "hs_heading": 2517
  },
  "destinations": [
    {
      "hs_code": 251749,
      "corridor_rank": 8,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 9235390.408506764,
      "exports_all_year_avg_usd": 5410156.610650957,
      "exports_avg_3y_usd": 7073810.427072607,
      "exports_avg_5y_usd": 6120955.774318384,
      "exports_avg_10y_usd": 6872660.999844936,
      "exports_cagr_3y_pct": 20.745888212263797,
      "exports_cagr_5y_pct": 11.401568904336411,
      "exports_cagr_10y_pct": 1.124536079506866,
      "exports_historical_peak_usd": 10571077.61293766,
      "buyer_imports_latest_observed_usd": 64545936.7580607,
      "historical_peak_year": 2015,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 19.621352132756932,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 21.5324,
      "buyer_yoy_all_avg_pct": 3.7047,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 14.308244441666455,
      "market_share_change_1y_pp": 3.3215613148205456,
      "peer_best_share_pct": 68.33284441724888,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 46,
      "buyer_market_hhi": 5005.09,
      "distance_km": 173.03326416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.4537262988615559,
      "max_drawdown_pct": 60.86276254732379,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 251749,
      "corridor_rank": 9,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 9042718.767082624,
      "exports_all_year_avg_usd": 5525650.188574771,
      "exports_avg_3y_usd": 16023364.365426354,
      "exports_avg_5y_usd": 17045747.8815687,
      "exports_avg_10y_usd": 13194240.530089414,
      "exports_cagr_3y_pct": -23.642728622876074,
      "exports_cagr_5y_pct": -6.6220950133583205,
      "exports_cagr_10y_pct": 21.998548616957713,
      "exports_historical_peak_usd": 21367102.188466407,
      "buyer_imports_latest_observed_usd": 23258456.744716123,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -45.641277239833784,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -34.6916,
      "buyer_yoy_all_avg_pct": 5.3832,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 38.879272457047094,
      "market_share_change_1y_pp": -21.118318997911125,
      "peer_best_share_pct": 38.87927245704708,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 56,
      "buyer_market_hhi": 2740.07,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.274258986270458,
      "max_drawdown_pct": 58.83645420910094,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 251749,
      "corridor_rank": 30,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 1704430.170977094,
      "exports_all_year_avg_usd": 662547.7146737172,
      "exports_avg_3y_usd": 1488013.7743284618,
      "exports_avg_5y_usd": 1503520.9633666822,
      "exports_avg_10y_usd": 1145146.610873381,
      "exports_cagr_3y_pct": -4.797031608366742,
      "exports_cagr_5y_pct": 13.661380683660651,
      "exports_cagr_10y_pct": 8.270086165094881,
      "exports_historical_peak_usd": 1975275.8047571955,
      "buyer_imports_latest_observed_usd": 39887254.45701762,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -13.067117773461623,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -2.2538,
      "buyer_yoy_all_avg_pct": -0.4797,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 4.27311980776662,
      "market_share_change_1y_pp": 1.6858566418519452,
      "peer_best_share_pct": 38.94349425140546,
      "peer_top_exporter": "NOR",
      "supplier_count_latest": 47,
      "buyer_market_hhi": 2078.57,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.7389411258457225,
      "max_drawdown_pct": 65.17201887664406,
      "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": 251749,
      "corridor_rank": 59,
      "exporter_iso3": "BEL",
      "importer_iso3": "GBR",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 280898.58162093133,
      "exports_all_year_avg_usd": 430087.08111522294,
      "exports_avg_3y_usd": 318168.7463769037,
      "exports_avg_5y_usd": 469150.0442335058,
      "exports_avg_10y_usd": 521597.3522203479,
      "exports_cagr_3y_pct": -32.59420441538726,
      "exports_cagr_5y_pct": -5.000643453505715,
      "exports_cagr_10y_pct": -4.113179264702049,
      "exports_historical_peak_usd": 917186.8706486997,
      "buyer_imports_latest_observed_usd": 10404378.562329385,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 58.333333333333336,
      "trend_acceleration_pct": -28.481025150685213,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 36.2999,
      "buyer_yoy_all_avg_pct": 7.6629,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 2.699811237530003,
      "market_share_change_1y_pp": -1.3515587715963946,
      "peer_best_share_pct": 49.3334431670009,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 44,
      "buyer_market_hhi": 2840.61,
      "distance_km": 323.77960205078125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.5300374879800412,
      "max_drawdown_pct": 69.37389853582839,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 251749,
    "num_markets": 87,
    "highest_price_importer_iso3": "MEX",
    "highest_price_usd_per_ton": 23200,
    "lowest_price_importer_iso3": "FRA",
    "lowest_price_usd_per_ton": 10.370209859243841,
    "median_price_across_markets": 690.5405405405405,
    "price_spread_pct": 3358.1851359499337,
    "avg_quantity_metric_tons": 16744.94992361111,
    "total_trade_value_usd": 108233312
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 8367512.576332127,
      "active_destinations": 50,
      "yoy_growth_pct": -5.295241602502002
    },
    {
      "year": 2011,
      "export_value_usd": 9101799.41215215,
      "active_destinations": 53,
      "yoy_growth_pct": 8.775449443565655
    },
    {
      "year": 2012,
      "export_value_usd": 8794464.947902579,
      "active_destinations": 57,
      "yoy_growth_pct": -3.376634117416806
    },
    {
      "year": 2013,
      "export_value_usd": 8184516.037500743,
      "active_destinations": 55,
      "yoy_growth_pct": -6.935599994031527
    },
    {
      "year": 2014,
      "export_value_usd": 11684541.113134872,
      "active_destinations": 61,
      "yoy_growth_pct": 42.76398335096807
    },
    {
      "year": 2015,
      "export_value_usd": 14950324.132976832,
      "active_destinations": 63,
      "yoy_growth_pct": 27.949604423667225
    },
    {
      "year": 2016,
      "export_value_usd": 19852719.38163306,
      "active_destinations": 64,
      "yoy_growth_pct": 32.791230511469095
    },
    {
      "year": 2017,
      "export_value_usd": 20738101.506013885,
      "active_destinations": 68,
      "yoy_growth_pct": 4.459752376291315
    },
    {
      "year": 2018,
      "export_value_usd": 23174011.95822714,
      "active_destinations": 68,
      "yoy_growth_pct": 11.74606292435621
    },
    {
      "year": 2019,
      "export_value_usd": 20683874.57671879,
      "active_destinations": 62,
      "yoy_growth_pct": -10.745387488351202
    },
    {
      "year": 2020,
      "export_value_usd": 23802645.039472915,
      "active_destinations": 56,
      "yoy_growth_pct": 15.078270036816654
    },
    {
      "year": 2021,
      "export_value_usd": 29725318.659860495,
      "active_destinations": 57,
      "yoy_growth_pct": 24.88241794374434
    },
    {
      "year": 2022,
      "export_value_usd": 27046174.3663745,
      "active_destinations": 58,
      "yoy_growth_pct": -9.013004449650428
    },
    {
      "year": 2023,
      "export_value_usd": 30574483.838831857,
      "active_destinations": 53,
      "yoy_growth_pct": 13.04550294123657
    },
    {
      "year": 2024,
      "export_value_usd": 21634176.06540472,
      "active_destinations": 50,
      "yoy_growth_pct": -29.24107507604849
    }
  ],
  "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
  }
}