{
  "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/291511",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/291511",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/291511",
    "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": "291511",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 158,
    "current_lane_count": 87,
    "active_market_count": 87,
    "exports_latest_observed_lanes_usd": 9252043.96119733,
    "exports_current_2024_usd": 9000159.47903951,
    "exports_avg_3y_usd": 11321272.39575102,
    "exports_avg_5y_usd": 10824667.308935244,
    "exports_avg_10y_usd": 11645434.141990732,
    "exports_cagr_3y_pct": -5.661426161658001,
    "exports_cagr_5y_pct": -3.3867345541839566,
    "exports_cagr_10y_pct": -10.71219239748843,
    "exports_all_year_lane_avg_usd": 19896266.787895277,
    "exports_historical_lane_peak_usd": 98345464.4810764,
    "historical_peak_year": 1999,
    "positive_growth_year_share_pct": 52,
    "trend_acceleration_pct": 5.050766235830428,
    "trend_label": "Declining",
    "top_market_iso3": "NLD",
    "top_market_exports_usd": 2412443.2212901013,
    "top_market_share_pct": 26.07470556136334,
    "destination_hhi": 1565.540797376613,
    "weighted_share_latest_pct": 10.819838303630352,
    "weighted_share_change_1y_pp": 2.3668135912287105,
    "weighted_volatility_cv": 0.9936352781474418,
    "weighted_max_drawdown_pct": 88.7409014280326,
    "limited_history_lane_share_pct": 21.518987341772153,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 291511,
      "hs_description": "Acids: saturated acyclic monocarboxylic acids: formic acid",
      "hs_chapter": 29,
      "hs_heading": 2915,
      "substitution_elasticity": -6.9640293,
      "price_range_label": "Low price range",
      "trade_type_label": "Two-way vertical trade"
    },
    "hs_description": "Acids: saturated acyclic monocarboxylic acids: formic acid",
    "hs_chapter": 29,
    "hs_heading": 2915,
    "destinations": [
      {
        "hs_code": 291511,
        "corridor_rank": 20,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2412443.2212901013,
        "exports_all_year_avg_usd": 3870424.2232646067,
        "exports_avg_3y_usd": 2810514.8457934298,
        "exports_avg_5y_usd": 2632559.1100905715,
        "exports_avg_10y_usd": 2571546.8455190626,
        "exports_cagr_3y_pct": -5.749346785020348,
        "exports_cagr_5y_pct": 0.2937811776689392,
        "exports_cagr_10y_pct": -6.052915830647021,
        "exports_historical_peak_usd": 12061782.279557008,
        "buyer_imports_latest_observed_usd": 31402233.82375867,
        "historical_peak_year": 2003,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": 0.30356904562667264,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -18.8093,
        "buyer_yoy_all_avg_pct": 83.5065,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 7.682393662914729,
        "market_share_change_1y_pp": -2.5948843127297145,
        "peer_best_share_pct": 30.141279050410795,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 29,
        "buyer_market_hhi": 2498.34,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.6769148017248998,
        "max_drawdown_pct": 91.43323557360856,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 291511,
        "corridor_rank": 21,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2305583.030542647,
        "exports_all_year_avg_usd": 2366090.351015172,
        "exports_avg_3y_usd": 2537877.545771999,
        "exports_avg_5y_usd": 2173444.006197316,
        "exports_avg_10y_usd": 2788827.2069620686,
        "exports_cagr_3y_pct": 9.43765525065321,
        "exports_cagr_5y_pct": -9.451061693295559,
        "exports_cagr_10y_pct": -7.02441246072425,
        "exports_historical_peak_usd": 5560718.666178764,
        "buyer_imports_latest_observed_usd": 22281663.306575477,
        "historical_peak_year": 2015,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": 16.462067711377458,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -29.5821,
        "buyer_yoy_all_avg_pct": 11.1706,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 10.347445784544522,
        "market_share_change_1y_pp": -0.12814230137216853,
        "peer_best_share_pct": 53.81401072238925,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 28,
        "buyer_market_hhi": 3284.3,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5206023416606508,
        "max_drawdown_pct": 73.12346850320283,
        "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": 291511,
        "corridor_rank": 34,
        "exporter_iso3": "BEL",
        "importer_iso3": "BRA",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 565946.8131704263,
        "exports_all_year_avg_usd": 105576.31762033499,
        "exports_avg_3y_usd": 365487.90194944275,
        "exports_avg_5y_usd": 350919.78558802896,
        "exports_avg_10y_usd": 223391.78063005273,
        "exports_cagr_3y_pct": 7.6413197725209825,
        "exports_cagr_5y_pct": 27.723187148376958,
        "exports_cagr_10y_pct": 36.79421829247733,
        "exports_historical_peak_usd": 565946.8131704263,
        "buyer_imports_latest_observed_usd": 17605828.679897387,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 59.09090909090909,
        "trend_acceleration_pct": -29.15289851995635,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 11.0077,
        "buyer_yoy_all_avg_pct": 14.0012,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 3.2145423169807015,
        "market_share_change_1y_pp": 2.174632739380831,
        "peer_best_share_pct": 53.823497175152866,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 17,
        "buyer_market_hhi": 4169.2,
        "distance_km": 9665.7216796875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.2883659997252525,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.4462350367613317,
        "max_drawdown_pct": 99.95904325551199,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 291511,
        "corridor_rank": 47,
        "exporter_iso3": "BEL",
        "importer_iso3": "TUR",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 225708.4855001418,
        "exports_all_year_avg_usd": 173215.63151320996,
        "exports_avg_3y_usd": 379026.0579318463,
        "exports_avg_5y_usd": 348594.575334388,
        "exports_avg_10y_usd": 215064.52428157176,
        "exports_cagr_3y_pct": -2.524211494248141,
        "exports_cagr_5y_pct": 90.60532946789219,
        "exports_cagr_10y_pct": 24.546385570523334,
        "exports_historical_peak_usd": 737391.9637347102,
        "buyer_imports_latest_observed_usd": 12938424.789919954,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": -27.070597064771476,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -25.8348,
        "buyer_yoy_all_avg_pct": 12.2174,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 1.744481953289912,
        "market_share_change_1y_pp": -0.18627271565732606,
        "peer_best_share_pct": 76.39871258483736,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 21,
        "buyer_market_hhi": 6078.42,
        "distance_km": 2179.3916015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.07943356052620203,
        "tariff_advantage_pp": 0.07065853177226666,
        "volatility_cv": 1.2850982072911488,
        "max_drawdown_pct": 99.99810094238597,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 291511,
        "corridor_rank": 54,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 175952.46175542372,
        "exports_all_year_avg_usd": 749350.4123169772,
        "exports_avg_3y_usd": 609452.3223836572,
        "exports_avg_5y_usd": 530062.0935346654,
        "exports_avg_10y_usd": 569681.9513173292,
        "exports_cagr_3y_pct": -5.233830548877528,
        "exports_cagr_5y_pct": -21.62648323303801,
        "exports_cagr_10y_pct": -15.898082479551102,
        "exports_historical_peak_usd": 1885158.9231407405,
        "buyer_imports_latest_observed_usd": 14476655.57328032,
        "historical_peak_year": 2004,
        "positive_growth_year_share_pct": 44,
        "trend_acceleration_pct": 10.664251930673574,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -21.9537,
        "buyer_yoy_all_avg_pct": 4.4749,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 1.21542203490826,
        "market_share_change_1y_pp": -4.009578843528322,
        "peer_best_share_pct": 42.17425834534511,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 2835.25,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5772615840297597,
        "max_drawdown_pct": 94.28329797401447,
        "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": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 291511,
        "corridor_rank": 76,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 70917.4951692918,
        "exports_all_year_avg_usd": 1331566.2789867965,
        "exports_avg_3y_usd": 121539.88525456325,
        "exports_avg_5y_usd": 149001.74105231516,
        "exports_avg_10y_usd": 140443.17136630454,
        "exports_cagr_3y_pct": -16.675171901756492,
        "exports_cagr_5y_pct": -25.587602499397622,
        "exports_cagr_10y_pct": 15.429803264247832,
        "exports_historical_peak_usd": 30642441.398228023,
        "buyer_imports_latest_observed_usd": 15544450.539171727,
        "historical_peak_year": 1999,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -32.10497516600432,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -10.4444,
        "buyer_yoy_all_avg_pct": 26.1663,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 0.4562238786799252,
        "market_share_change_1y_pp": -0.9175607718422959,
        "peer_best_share_pct": 37.185909646825664,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 15,
        "buyer_market_hhi": 2660.08,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 4.403876388508154,
        "max_drawdown_pct": 99.97464579715925,
        "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']",
        "signal_flag": "Declining",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 291511,
      "num_markets": 110,
      "highest_price_importer_iso3": "THA",
      "highest_price_usd_per_ton": 246333.3333333333,
      "lowest_price_importer_iso3": "IRN",
      "lowest_price_usd_per_ton": 348.5717830226716,
      "median_price_across_markets": 2382.9192112255837,
      "price_spread_pct": 10322.832616041385,
      "avg_quantity_metric_tons": 188.89719845360827,
      "total_trade_value_usd": 59952543
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 30215246.54710497,
        "active_destinations": 77,
        "yoy_growth_pct": 0.14150016314735614
      },
      {
        "year": 2011,
        "export_value_usd": 23502189.08465437,
        "active_destinations": 75,
        "yoy_growth_pct": -22.217450557568934
      },
      {
        "year": 2012,
        "export_value_usd": 24855810.24247823,
        "active_destinations": 82,
        "yoy_growth_pct": 5.759553516262451
      },
      {
        "year": 2013,
        "export_value_usd": 28768121.632650267,
        "active_destinations": 74,
        "yoy_growth_pct": 15.740027591158356
      },
      {
        "year": 2014,
        "export_value_usd": 27946576.385244127,
        "active_destinations": 81,
        "yoy_growth_pct": -2.8557486578259264
      },
      {
        "year": 2015,
        "export_value_usd": 21257735.63513597,
        "active_destinations": 79,
        "yoy_growth_pct": -23.93438343896708
      },
      {
        "year": 2016,
        "export_value_usd": 8475243.753277302,
        "active_destinations": 82,
        "yoy_growth_pct": -60.131013487302255
      },
      {
        "year": 2017,
        "export_value_usd": 8532732.86385977,
        "active_destinations": 88,
        "yoy_growth_pct": 0.6783180785831499
      },
      {
        "year": 2018,
        "export_value_usd": 13373109.226794548,
        "active_destinations": 85,
        "yoy_growth_pct": 56.72715225196022
      },
      {
        "year": 2019,
        "export_value_usd": 10692183.396163529,
        "active_destinations": 81,
        "yoy_growth_pct": -20.047139264064928
      },
      {
        "year": 2020,
        "export_value_usd": 9439827.896795936,
        "active_destinations": 76,
        "yoy_growth_pct": -11.71281349155451
      },
      {
        "year": 2021,
        "export_value_usd": 10719691.460627226,
        "active_destinations": 84,
        "yoy_growth_pct": 13.558123917340708
      },
      {
        "year": 2022,
        "export_value_usd": 12646209.134430032,
        "active_destinations": 91,
        "yoy_growth_pct": 17.971764214285347
      },
      {
        "year": 2023,
        "export_value_usd": 12317448.573783513,
        "active_destinations": 78,
        "yoy_growth_pct": -2.5996767659918696
      },
      {
        "year": 2024,
        "export_value_usd": 9000159.479039513,
        "active_destinations": 87,
        "yoy_growth_pct": -26.93162528646173
      }
    ],
    "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": {}
  },
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