{
  "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/282200",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/282200",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/282200",
    "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": "282200",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 132,
    "current_lane_count": 49,
    "active_market_count": 49,
    "exports_latest_observed_lanes_usd": 65012712.11611994,
    "exports_current_2024_usd": 63789231.32329474,
    "exports_avg_3y_usd": 104194129.14007628,
    "exports_avg_5y_usd": 116812175.1257855,
    "exports_avg_10y_usd": 139873851.82824627,
    "exports_cagr_3y_pct": -29.04261344405854,
    "exports_cagr_5y_pct": -5.906767740734919,
    "exports_cagr_10y_pct": -9.50900850965658,
    "exports_all_year_lane_avg_usd": 160128916.78391615,
    "exports_historical_lane_peak_usd": 642753953.9470133,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": -19.533604934401957,
    "trend_label": "Rapid decline",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 9969345.235556496,
    "top_market_share_pct": 15.334455233539765,
    "destination_hhi": 867.3859930078204,
    "weighted_share_latest_pct": 37.310997775017164,
    "weighted_share_change_1y_pp": 4.330714791316859,
    "weighted_volatility_cv": 0.8166308029896416,
    "weighted_max_drawdown_pct": 79.93151624713789,
    "limited_history_lane_share_pct": 42.42424242424242,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 282200,
      "hs_description": "Cobalt oxides and hydroxides: commercial cobalt oxides",
      "hs_chapter": 28,
      "hs_heading": 2822,
      "substitution_elasticity": null,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Cobalt oxides and hydroxides: commercial cobalt oxides",
    "hs_chapter": 28,
    "hs_heading": 2822,
    "destinations": [
      {
        "hs_code": 282200,
        "corridor_rank": 21,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 9969345.235556496,
        "exports_all_year_avg_usd": 13093490.747252546,
        "exports_avg_3y_usd": 13817959.836622348,
        "exports_avg_5y_usd": 14688745.948444003,
        "exports_avg_10y_usd": 16143225.616897022,
        "exports_cagr_3y_pct": -26.004642042380866,
        "exports_cagr_5y_pct": -8.276194093058109,
        "exports_cagr_10y_pct": 0.3268849618908609,
        "exports_historical_peak_usd": 34918940.09736545,
        "buyer_imports_latest_observed_usd": 39218825.896399766,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -26.331527004271727,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -6.6954,
        "buyer_yoy_all_avg_pct": 10.831,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 25.4197952327575,
        "market_share_change_1y_pp": 13.453117694842218,
        "peer_best_share_pct": 42.91464765052363,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 16,
        "buyer_market_hhi": 2974.74,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.5254822325461066,
        "max_drawdown_pct": 85.59530801139935,
        "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']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 25,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 8827982.968525462,
        "exports_all_year_avg_usd": 14841997.853396744,
        "exports_avg_3y_usd": 20806163.639969688,
        "exports_avg_5y_usd": 26612934.3347793,
        "exports_avg_10y_usd": 23144037.85663302,
        "exports_cagr_3y_pct": -39.531078384523944,
        "exports_cagr_5y_pct": -14.749424465671302,
        "exports_cagr_10y_pct": -5.297171170060833,
        "exports_historical_peak_usd": 39926828.63733794,
        "buyer_imports_latest_observed_usd": 17094087.723574754,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": -34.23390721446311,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -32.951,
        "buyer_yoy_all_avg_pct": 13.8904,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 51.64348698381042,
        "market_share_change_1y_pp": -11.942969435693193,
        "peer_best_share_pct": 51.64348698381042,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 4557.91,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.7490983690802318,
        "max_drawdown_pct": 77.88959636962028,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 28,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 7155439.712948323,
        "exports_all_year_avg_usd": 6534919.4667693535,
        "exports_avg_3y_usd": 9659206.27296188,
        "exports_avg_5y_usd": 10322379.697637117,
        "exports_avg_10y_usd": 8396042.270134093,
        "exports_cagr_3y_pct": -23.045123129569678,
        "exports_cagr_5y_pct": 7.429127590777429,
        "exports_cagr_10y_pct": 3.63289153722699,
        "exports_historical_peak_usd": 15701020.624830998,
        "buyer_imports_latest_observed_usd": 11070252.227693873,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": -26.678014666796667,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -29.0089,
        "buyer_yoy_all_avg_pct": 9.0483,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 64.63664572201827,
        "market_share_change_1y_pp": 0.6649059287206924,
        "peer_best_share_pct": 64.63664572201827,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 4827.24,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.498294075518547,
        "max_drawdown_pct": 75.91187017510053,
        "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": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 29,
        "exporter_iso3": "BEL",
        "importer_iso3": "KOR",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 6925510.9660499245,
        "exports_all_year_avg_usd": 76522800.54990974,
        "exports_avg_3y_usd": 21526555.316350833,
        "exports_avg_5y_usd": 25643003.44448055,
        "exports_avg_10y_usd": 54234057.44710605,
        "exports_cagr_3y_pct": -47.16253037757661,
        "exports_cagr_5y_pct": -9.094253564049504,
        "exports_cagr_10y_pct": -24.89369509098067,
        "exports_historical_peak_usd": 337037185.3048238,
        "buyer_imports_latest_observed_usd": 74475675.44908209,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -22.268835286595937,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -13.0925,
        "buyer_yoy_all_avg_pct": 32.0909,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 9.299024042802797,
        "market_share_change_1y_pp": -12.239453697518849,
        "peer_best_share_pct": 75.8174844783094,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 5980.2,
        "distance_km": 8722.1142578125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.13695644286262626,
        "tariff_advantage_pp": 0.11067370517943839,
        "volatility_cv": 0.9878625034650317,
        "max_drawdown_pct": 97.94517896896559,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 33,
        "exporter_iso3": "BEL",
        "importer_iso3": "IND",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 4261058.007323901,
        "exports_all_year_avg_usd": 1689432.9819446066,
        "exports_avg_3y_usd": 5889820.548895429,
        "exports_avg_5y_usd": 5122461.053307529,
        "exports_avg_10y_usd": 3547390.3050198257,
        "exports_cagr_3y_pct": -9.00435966476254,
        "exports_cagr_5y_pct": 4.819595805531751,
        "exports_cagr_10y_pct": 14.51682687348914,
        "exports_historical_peak_usd": 6900420.776684288,
        "buyer_imports_latest_observed_usd": 10935692.691141658,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": -23.52118653825168,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -26.4525,
        "buyer_yoy_all_avg_pct": 22.4683,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 38.96468314966025,
        "market_share_change_1y_pp": -4.804453294919348,
        "peer_best_share_pct": 42.3690472793418,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 3525.8,
        "distance_km": 6419.5986328125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.5323102001373737,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1889752885134008,
        "max_drawdown_pct": 38.249301814731126,
        "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": 282200,
        "corridor_rank": 34,
        "exporter_iso3": "BEL",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 3682088.3103317493,
        "exports_all_year_avg_usd": 19225836.719696525,
        "exports_avg_3y_usd": 5830238.634887777,
        "exports_avg_5y_usd": 6013810.876358178,
        "exports_avg_10y_usd": 8178093.512167476,
        "exports_cagr_3y_pct": -26.633974870828414,
        "exports_cagr_5y_pct": -0.4175901926028347,
        "exports_cagr_10y_pct": -3.463092990030603,
        "exports_historical_peak_usd": 93225996.20234546,
        "buyer_imports_latest_observed_usd": 14772874.042558836,
        "historical_peak_year": 2000,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -23.17088188079781,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -37.9246,
        "buyer_yoy_all_avg_pct": 39.4851,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 24.924657854146083,
        "market_share_change_1y_pp": 8.851848320229376,
        "peer_best_share_pct": 43.44875180127798,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 11,
        "buyer_market_hhi": 3032.47,
        "distance_km": 9463.2626953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.039966357792484856,
        "tariff_advantage_pp": 0.030413669105984857,
        "volatility_cv": 1.3140090128797124,
        "max_drawdown_pct": 97.1802702833023,
        "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','buyer_macro_weakness']",
        "signal_flag": "Declining",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 41,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2214318.1450698767,
        "exports_all_year_avg_usd": 3456069.659292417,
        "exports_avg_3y_usd": 4630398.366758351,
        "exports_avg_5y_usd": 4742430.131884186,
        "exports_avg_10y_usd": 4822863.113059089,
        "exports_cagr_3y_pct": -27.102280164111082,
        "exports_cagr_5y_pct": -17.007693169180815,
        "exports_cagr_10y_pct": -1.3834738220955267,
        "exports_historical_peak_usd": 9519044.895968663,
        "buyer_imports_latest_observed_usd": 23487024.24184864,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 44,
        "trend_acceleration_pct": -25.718806342015554,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -15.0989,
        "buyer_yoy_all_avg_pct": 11.1431,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 9.427836077779727,
        "market_share_change_1y_pp": -3.0668280626872964,
        "peer_best_share_pct": 85.58865713657644,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 7420.73,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.6956269808326366,
        "max_drawdown_pct": 76.73802183654323,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 54,
        "exporter_iso3": "BEL",
        "importer_iso3": "ARE",
        "latest_data_year": 2024,
        "lane_data_years": 15,
        "exports_latest_observed_usd": 941940.4149937077,
        "exports_all_year_avg_usd": 212831.88391070682,
        "exports_avg_3y_usd": 506760.82653139,
        "exports_avg_5y_usd": 344884.5183060727,
        "exports_avg_10y_usd": 324513.02170092193,
        "exports_cagr_3y_pct": 119.08090303517547,
        "exports_cagr_5y_pct": 25.600781669610704,
        "exports_cagr_10y_pct": 46.20738426931006,
        "exports_historical_peak_usd": 941940.4149937077,
        "buyer_imports_latest_observed_usd": 86371501.56012304,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 64.28571428571429,
        "trend_acceleration_pct": 72.87351876586541,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 363.3074,
        "buyer_yoy_all_avg_pct": 598.8565,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 1.090568530104834,
        "market_share_change_1y_pp": -0.6441874764134896,
        "peer_best_share_pct": 95.05301349717102,
        "peer_top_exporter": "COD",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 9041.67,
        "distance_km": 5159.97021484375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.052146291145454514,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0756293596490958,
        "max_drawdown_pct": 93.60913607982314,
        "attention_level": "Watch",
        "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": 282200,
        "corridor_rank": 58,
        "exporter_iso3": "BEL",
        "importer_iso3": "TWN",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 812971.8586096229,
        "exports_all_year_avg_usd": 1433437.7379541234,
        "exports_avg_3y_usd": 1104910.8426717485,
        "exports_avg_5y_usd": 1207569.12619916,
        "exports_avg_10y_usd": 942334.5495530646,
        "exports_cagr_3y_pct": -23.744920644308444,
        "exports_cagr_5y_pct": 1.0778115503638164,
        "exports_cagr_10y_pct": 5.750221677138878,
        "exports_historical_peak_usd": 3568904.4899014537,
        "buyer_imports_latest_observed_usd": 13072235.566695683,
        "historical_peak_year": 1999,
        "positive_growth_year_share_pct": 44,
        "trend_acceleration_pct": -29.49514232144732,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 610.2699,
        "buyer_yoy_all_avg_pct": 38.1792,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 6.219072892786928,
        "market_share_change_1y_pp": -32.46584513385718,
        "peer_best_share_pct": 82.36929771114175,
        "peer_top_exporter": "COD",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 6936.23,
        "distance_km": 9587.0263671875,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.6742084586675482,
        "max_drawdown_pct": 90.90266652807126,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 282200,
        "corridor_rank": 80,
        "exporter_iso3": "BEL",
        "importer_iso3": "FIN",
        "latest_data_year": 2023,
        "lane_data_years": 13,
        "exports_latest_observed_usd": 291041.1990318199,
        "exports_all_year_avg_usd": 404879.91636085877,
        "exports_avg_3y_usd": 259884.16609004233,
        "exports_avg_5y_usd": 494535.91037965275,
        "exports_avg_10y_usd": 403714.20760644606,
        "exports_cagr_3y_pct": -44.38491467521801,
        "exports_cagr_5y_pct": 3.871134000551102,
        "exports_cagr_10y_pct": 117.26337610145117,
        "exports_historical_peak_usd": 1691907.6237810645,
        "buyer_imports_latest_observed_usd": 51847241.60768217,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": -161.64829077666917,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 191.3004,
        "buyer_yoy_all_avg_pct": 626.5676,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 1.6351960434707997,
        "market_share_change_1y_pp": 1.6319161742485029,
        "peer_best_share_pct": 70.65865459328631,
        "peer_top_exporter": "COD",
        "supplier_count_latest": 9,
        "buyer_market_hhi": 5645.85,
        "distance_km": 1651.581787109375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.03786010987878788,
        "tariff_advantage_pp": 0.03786010987878788,
        "volatility_cv": 1.1852918133347061,
        "max_drawdown_pct": 99.98665304457728,
        "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": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 282200,
      "num_markets": 68,
      "highest_price_importer_iso3": "COD",
      "highest_price_usd_per_ton": 894750,
      "lowest_price_importer_iso3": "GAB",
      "lowest_price_usd_per_ton": 429.198682766191,
      "median_price_across_markets": 37043.593559734814,
      "price_spread_pct": 2414.2387802497965,
      "avg_quantity_metric_tons": 73.4078270042194,
      "total_trade_value_usd": 577922409
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 139151027.53738388,
        "active_destinations": 55,
        "yoy_growth_pct": 61.97773458330711
      },
      {
        "year": 2011,
        "export_value_usd": 140518416.37357116,
        "active_destinations": 50,
        "yoy_growth_pct": 0.9826652813037364
      },
      {
        "year": 2012,
        "export_value_usd": 184250934.70246106,
        "active_destinations": 51,
        "yoy_growth_pct": 31.122268139306446
      },
      {
        "year": 2013,
        "export_value_usd": 174293767.4268566,
        "active_destinations": 45,
        "yoy_growth_pct": -5.404133928375375
      },
      {
        "year": 2014,
        "export_value_usd": 173258241.31700432,
        "active_destinations": 46,
        "yoy_growth_pct": -0.5941268727734907
      },
      {
        "year": 2015,
        "export_value_usd": 155929034.46175915,
        "active_destinations": 45,
        "yoy_growth_pct": -10.001952417108143
      },
      {
        "year": 2016,
        "export_value_usd": 84732680.43878639,
        "active_destinations": 41,
        "yoy_growth_pct": -45.659459297449395
      },
      {
        "year": 2017,
        "export_value_usd": 158061340.0848916,
        "active_destinations": 49,
        "yoy_growth_pct": 86.54117781518806
      },
      {
        "year": 2018,
        "export_value_usd": 329466671.9379903,
        "active_destinations": 53,
        "yoy_growth_pct": 108.44228687485527
      },
      {
        "year": 2019,
        "export_value_usd": 86487915.73010808,
        "active_destinations": 51,
        "yoy_growth_pct": -73.749115435146
      },
      {
        "year": 2020,
        "export_value_usd": 92930675.52490035,
        "active_destinations": 49,
        "yoy_growth_pct": 7.449317908061713
      },
      {
        "year": 2021,
        "export_value_usd": 178547812.6837983,
        "active_destinations": 53,
        "yoy_growth_pct": 92.13011384594665
      },
      {
        "year": 2022,
        "export_value_usd": 167612507.48512602,
        "active_destinations": 56,
        "yoy_growth_pct": -6.124580880774117
      },
      {
        "year": 2023,
        "export_value_usd": 81180648.61180815,
        "active_destinations": 53,
        "yoy_growth_pct": -51.56647327228122
      },
      {
        "year": 2024,
        "export_value_usd": 63789231.32329474,
        "active_destinations": 49,
        "yoy_growth_pct": -21.42310709006055
      }
    ],
    "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": "282200",
    "hs_description": "Cobalt oxides and hydroxides: commercial cobalt oxides",
    "hs_chapter": 28,
    "hs_heading": 2822
  },
  "destinations": [
    {
      "hs_code": 282200,
      "corridor_rank": 21,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 9969345.235556496,
      "exports_all_year_avg_usd": 13093490.747252546,
      "exports_avg_3y_usd": 13817959.836622348,
      "exports_avg_5y_usd": 14688745.948444003,
      "exports_avg_10y_usd": 16143225.616897022,
      "exports_cagr_3y_pct": -26.004642042380866,
      "exports_cagr_5y_pct": -8.276194093058109,
      "exports_cagr_10y_pct": 0.3268849618908609,
      "exports_historical_peak_usd": 34918940.09736545,
      "buyer_imports_latest_observed_usd": 39218825.896399766,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -26.331527004271727,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -6.6954,
      "buyer_yoy_all_avg_pct": 10.831,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 25.4197952327575,
      "market_share_change_1y_pp": 13.453117694842218,
      "peer_best_share_pct": 42.91464765052363,
      "peer_top_exporter": "FIN",
      "supplier_count_latest": 16,
      "buyer_market_hhi": 2974.74,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.5254822325461066,
      "max_drawdown_pct": 85.59530801139935,
      "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']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 25,
      "exporter_iso3": "BEL",
      "importer_iso3": "ESP",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 8827982.968525462,
      "exports_all_year_avg_usd": 14841997.853396744,
      "exports_avg_3y_usd": 20806163.639969688,
      "exports_avg_5y_usd": 26612934.3347793,
      "exports_avg_10y_usd": 23144037.85663302,
      "exports_cagr_3y_pct": -39.531078384523944,
      "exports_cagr_5y_pct": -14.749424465671302,
      "exports_cagr_10y_pct": -5.297171170060833,
      "exports_historical_peak_usd": 39926828.63733794,
      "buyer_imports_latest_observed_usd": 17094087.723574754,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": -34.23390721446311,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -32.951,
      "buyer_yoy_all_avg_pct": 13.8904,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 51.64348698381042,
      "market_share_change_1y_pp": -11.942969435693193,
      "peer_best_share_pct": 51.64348698381042,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 14,
      "buyer_market_hhi": 4557.91,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.7490983690802318,
      "max_drawdown_pct": 77.88959636962028,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 28,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 7155439.712948323,
      "exports_all_year_avg_usd": 6534919.4667693535,
      "exports_avg_3y_usd": 9659206.27296188,
      "exports_avg_5y_usd": 10322379.697637117,
      "exports_avg_10y_usd": 8396042.270134093,
      "exports_cagr_3y_pct": -23.045123129569678,
      "exports_cagr_5y_pct": 7.429127590777429,
      "exports_cagr_10y_pct": 3.63289153722699,
      "exports_historical_peak_usd": 15701020.624830998,
      "buyer_imports_latest_observed_usd": 11070252.227693873,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": -26.678014666796667,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -29.0089,
      "buyer_yoy_all_avg_pct": 9.0483,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 64.63664572201827,
      "market_share_change_1y_pp": 0.6649059287206924,
      "peer_best_share_pct": 64.63664572201827,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 4827.24,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.498294075518547,
      "max_drawdown_pct": 75.91187017510053,
      "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": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 29,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 6925510.9660499245,
      "exports_all_year_avg_usd": 76522800.54990974,
      "exports_avg_3y_usd": 21526555.316350833,
      "exports_avg_5y_usd": 25643003.44448055,
      "exports_avg_10y_usd": 54234057.44710605,
      "exports_cagr_3y_pct": -47.16253037757661,
      "exports_cagr_5y_pct": -9.094253564049504,
      "exports_cagr_10y_pct": -24.89369509098067,
      "exports_historical_peak_usd": 337037185.3048238,
      "buyer_imports_latest_observed_usd": 74475675.44908209,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -22.268835286595937,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -13.0925,
      "buyer_yoy_all_avg_pct": 32.0909,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 9.299024042802797,
      "market_share_change_1y_pp": -12.239453697518849,
      "peer_best_share_pct": 75.8174844783094,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 5980.2,
      "distance_km": 8722.1142578125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.13695644286262626,
      "tariff_advantage_pp": 0.11067370517943839,
      "volatility_cv": 0.9878625034650317,
      "max_drawdown_pct": 97.94517896896559,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 33,
      "exporter_iso3": "BEL",
      "importer_iso3": "IND",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 4261058.007323901,
      "exports_all_year_avg_usd": 1689432.9819446066,
      "exports_avg_3y_usd": 5889820.548895429,
      "exports_avg_5y_usd": 5122461.053307529,
      "exports_avg_10y_usd": 3547390.3050198257,
      "exports_cagr_3y_pct": -9.00435966476254,
      "exports_cagr_5y_pct": 4.819595805531751,
      "exports_cagr_10y_pct": 14.51682687348914,
      "exports_historical_peak_usd": 6900420.776684288,
      "buyer_imports_latest_observed_usd": 10935692.691141658,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": -23.52118653825168,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -26.4525,
      "buyer_yoy_all_avg_pct": 22.4683,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 38.96468314966025,
      "market_share_change_1y_pp": -4.804453294919348,
      "peer_best_share_pct": 42.3690472793418,
      "peer_top_exporter": "FIN",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 3525.8,
      "distance_km": 6419.5986328125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.5323102001373737,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.1889752885134008,
      "max_drawdown_pct": 38.249301814731126,
      "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": 282200,
      "corridor_rank": 34,
      "exporter_iso3": "BEL",
      "importer_iso3": "JPN",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 3682088.3103317493,
      "exports_all_year_avg_usd": 19225836.719696525,
      "exports_avg_3y_usd": 5830238.634887777,
      "exports_avg_5y_usd": 6013810.876358178,
      "exports_avg_10y_usd": 8178093.512167476,
      "exports_cagr_3y_pct": -26.633974870828414,
      "exports_cagr_5y_pct": -0.4175901926028347,
      "exports_cagr_10y_pct": -3.463092990030603,
      "exports_historical_peak_usd": 93225996.20234546,
      "buyer_imports_latest_observed_usd": 14772874.042558836,
      "historical_peak_year": 2000,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -23.17088188079781,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -37.9246,
      "buyer_yoy_all_avg_pct": 39.4851,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 24.924657854146083,
      "market_share_change_1y_pp": 8.851848320229376,
      "peer_best_share_pct": 43.44875180127798,
      "peer_top_exporter": "FIN",
      "supplier_count_latest": 11,
      "buyer_market_hhi": 3032.47,
      "distance_km": 9463.2626953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.039966357792484856,
      "tariff_advantage_pp": 0.030413669105984857,
      "volatility_cv": 1.3140090128797124,
      "max_drawdown_pct": 97.1802702833023,
      "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','buyer_macro_weakness']",
      "signal_flag": "Declining",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 41,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2214318.1450698767,
      "exports_all_year_avg_usd": 3456069.659292417,
      "exports_avg_3y_usd": 4630398.366758351,
      "exports_avg_5y_usd": 4742430.131884186,
      "exports_avg_10y_usd": 4822863.113059089,
      "exports_cagr_3y_pct": -27.102280164111082,
      "exports_cagr_5y_pct": -17.007693169180815,
      "exports_cagr_10y_pct": -1.3834738220955267,
      "exports_historical_peak_usd": 9519044.895968663,
      "buyer_imports_latest_observed_usd": 23487024.24184864,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 44,
      "trend_acceleration_pct": -25.718806342015554,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -15.0989,
      "buyer_yoy_all_avg_pct": 11.1431,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 9.427836077779727,
      "market_share_change_1y_pp": -3.0668280626872964,
      "peer_best_share_pct": 85.58865713657644,
      "peer_top_exporter": "FIN",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 7420.73,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.6956269808326366,
      "max_drawdown_pct": 76.73802183654323,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 54,
      "exporter_iso3": "BEL",
      "importer_iso3": "ARE",
      "latest_data_year": 2024,
      "lane_data_years": 15,
      "exports_latest_observed_usd": 941940.4149937077,
      "exports_all_year_avg_usd": 212831.88391070682,
      "exports_avg_3y_usd": 506760.82653139,
      "exports_avg_5y_usd": 344884.5183060727,
      "exports_avg_10y_usd": 324513.02170092193,
      "exports_cagr_3y_pct": 119.08090303517547,
      "exports_cagr_5y_pct": 25.600781669610704,
      "exports_cagr_10y_pct": 46.20738426931006,
      "exports_historical_peak_usd": 941940.4149937077,
      "buyer_imports_latest_observed_usd": 86371501.56012304,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 64.28571428571429,
      "trend_acceleration_pct": 72.87351876586541,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 363.3074,
      "buyer_yoy_all_avg_pct": 598.8565,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 1.090568530104834,
      "market_share_change_1y_pp": -0.6441874764134896,
      "peer_best_share_pct": 95.05301349717102,
      "peer_top_exporter": "COD",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 9041.67,
      "distance_km": 5159.97021484375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.052146291145454514,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.0756293596490958,
      "max_drawdown_pct": 93.60913607982314,
      "attention_level": "Watch",
      "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": 282200,
      "corridor_rank": 58,
      "exporter_iso3": "BEL",
      "importer_iso3": "TWN",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 812971.8586096229,
      "exports_all_year_avg_usd": 1433437.7379541234,
      "exports_avg_3y_usd": 1104910.8426717485,
      "exports_avg_5y_usd": 1207569.12619916,
      "exports_avg_10y_usd": 942334.5495530646,
      "exports_cagr_3y_pct": -23.744920644308444,
      "exports_cagr_5y_pct": 1.0778115503638164,
      "exports_cagr_10y_pct": 5.750221677138878,
      "exports_historical_peak_usd": 3568904.4899014537,
      "buyer_imports_latest_observed_usd": 13072235.566695683,
      "historical_peak_year": 1999,
      "positive_growth_year_share_pct": 44,
      "trend_acceleration_pct": -29.49514232144732,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 610.2699,
      "buyer_yoy_all_avg_pct": 38.1792,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 6.219072892786928,
      "market_share_change_1y_pp": -32.46584513385718,
      "peer_best_share_pct": 82.36929771114175,
      "peer_top_exporter": "COD",
      "supplier_count_latest": 14,
      "buyer_market_hhi": 6936.23,
      "distance_km": 9587.0263671875,
      "has_reported_fta": 0,
      "applied_tariff_pct": null,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.6742084586675482,
      "max_drawdown_pct": 90.90266652807126,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Slowing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 282200,
      "corridor_rank": 80,
      "exporter_iso3": "BEL",
      "importer_iso3": "FIN",
      "latest_data_year": 2023,
      "lane_data_years": 13,
      "exports_latest_observed_usd": 291041.1990318199,
      "exports_all_year_avg_usd": 404879.91636085877,
      "exports_avg_3y_usd": 259884.16609004233,
      "exports_avg_5y_usd": 494535.91037965275,
      "exports_avg_10y_usd": 403714.20760644606,
      "exports_cagr_3y_pct": -44.38491467521801,
      "exports_cagr_5y_pct": 3.871134000551102,
      "exports_cagr_10y_pct": 117.26337610145117,
      "exports_historical_peak_usd": 1691907.6237810645,
      "buyer_imports_latest_observed_usd": 51847241.60768217,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": -161.64829077666917,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 191.3004,
      "buyer_yoy_all_avg_pct": 626.5676,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 1.6351960434707997,
      "market_share_change_1y_pp": 1.6319161742485029,
      "peer_best_share_pct": 70.65865459328631,
      "peer_top_exporter": "COD",
      "supplier_count_latest": 9,
      "buyer_market_hhi": 5645.85,
      "distance_km": 1651.581787109375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.03786010987878788,
      "tariff_advantage_pp": 0.03786010987878788,
      "volatility_cv": 1.1852918133347061,
      "max_drawdown_pct": 99.98665304457728,
      "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": "Accelerating",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 282200,
    "num_markets": 68,
    "highest_price_importer_iso3": "COD",
    "highest_price_usd_per_ton": 894750,
    "lowest_price_importer_iso3": "GAB",
    "lowest_price_usd_per_ton": 429.198682766191,
    "median_price_across_markets": 37043.593559734814,
    "price_spread_pct": 2414.2387802497965,
    "avg_quantity_metric_tons": 73.4078270042194,
    "total_trade_value_usd": 577922409
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 139151027.53738388,
      "active_destinations": 55,
      "yoy_growth_pct": 61.97773458330711
    },
    {
      "year": 2011,
      "export_value_usd": 140518416.37357116,
      "active_destinations": 50,
      "yoy_growth_pct": 0.9826652813037364
    },
    {
      "year": 2012,
      "export_value_usd": 184250934.70246106,
      "active_destinations": 51,
      "yoy_growth_pct": 31.122268139306446
    },
    {
      "year": 2013,
      "export_value_usd": 174293767.4268566,
      "active_destinations": 45,
      "yoy_growth_pct": -5.404133928375375
    },
    {
      "year": 2014,
      "export_value_usd": 173258241.31700432,
      "active_destinations": 46,
      "yoy_growth_pct": -0.5941268727734907
    },
    {
      "year": 2015,
      "export_value_usd": 155929034.46175915,
      "active_destinations": 45,
      "yoy_growth_pct": -10.001952417108143
    },
    {
      "year": 2016,
      "export_value_usd": 84732680.43878639,
      "active_destinations": 41,
      "yoy_growth_pct": -45.659459297449395
    },
    {
      "year": 2017,
      "export_value_usd": 158061340.0848916,
      "active_destinations": 49,
      "yoy_growth_pct": 86.54117781518806
    },
    {
      "year": 2018,
      "export_value_usd": 329466671.9379903,
      "active_destinations": 53,
      "yoy_growth_pct": 108.44228687485527
    },
    {
      "year": 2019,
      "export_value_usd": 86487915.73010808,
      "active_destinations": 51,
      "yoy_growth_pct": -73.749115435146
    },
    {
      "year": 2020,
      "export_value_usd": 92930675.52490035,
      "active_destinations": 49,
      "yoy_growth_pct": 7.449317908061713
    },
    {
      "year": 2021,
      "export_value_usd": 178547812.6837983,
      "active_destinations": 53,
      "yoy_growth_pct": 92.13011384594665
    },
    {
      "year": 2022,
      "export_value_usd": 167612507.48512602,
      "active_destinations": 56,
      "yoy_growth_pct": -6.124580880774117
    },
    {
      "year": 2023,
      "export_value_usd": 81180648.61180815,
      "active_destinations": 53,
      "yoy_growth_pct": -51.56647327228122
    },
    {
      "year": 2024,
      "export_value_usd": 63789231.32329474,
      "active_destinations": 49,
      "yoy_growth_pct": -21.42310709006055
    }
  ],
  "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
  }
}