{
  "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/310510",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/310510",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/310510",
    "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": "310510",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 143,
    "current_lane_count": 93,
    "active_market_count": 93,
    "exports_latest_observed_lanes_usd": 16476522.898277018,
    "exports_current_2024_usd": 15557591.16579826,
    "exports_avg_3y_usd": 14983859.456681162,
    "exports_avg_5y_usd": 13181653.59896827,
    "exports_avg_10y_usd": 12843627.100138824,
    "exports_cagr_3y_pct": 16.42802312923155,
    "exports_cagr_5y_pct": 6.732940313495028,
    "exports_cagr_10y_pct": 6.172388454962863,
    "exports_all_year_lane_avg_usd": 11850869.959514061,
    "exports_historical_lane_peak_usd": 46762775.659648135,
    "historical_peak_year": 2017,
    "positive_growth_year_share_pct": 60,
    "trend_acceleration_pct": 10.255634674268688,
    "trend_label": "Rapid growth",
    "top_market_iso3": "THA",
    "top_market_exports_usd": 4398937.95514115,
    "top_market_share_pct": 26.698217714376838,
    "destination_hhi": 992.1965346822568,
    "weighted_share_latest_pct": 18.393073103005754,
    "weighted_share_change_1y_pp": 0.11227267969428249,
    "weighted_volatility_cv": 1.347509984362478,
    "weighted_max_drawdown_pct": 91.37334934381504,
    "limited_history_lane_share_pct": 34.26573426573427,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 310510,
      "hs_description": "Fertilizers, mineral or chemical: in tablets or similar forms or in packages of a gross weight not exceeding 10kg",
      "hs_chapter": 31,
      "hs_heading": 3105,
      "substitution_elasticity": -16.986502,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Fertilizers, mineral or chemical: in tablets or similar forms or in packages of a gross weight not exceeding 10kg",
    "hs_chapter": 31,
    "hs_heading": 3105,
    "destinations": [
      {
        "hs_code": 310510,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "THA",
        "latest_data_year": 2024,
        "lane_data_years": 14,
        "exports_latest_observed_usd": 4398937.95514115,
        "exports_all_year_avg_usd": 553511.2071640149,
        "exports_avg_3y_usd": 2401616.737696899,
        "exports_avg_5y_usd": 1547656.6668883252,
        "exports_avg_10y_usd": 774675.3830484635,
        "exports_cagr_3y_pct": 2055.9492453463376,
        "exports_cagr_5y_pct": 378.4635873245275,
        "exports_cagr_10y_pct": 113.6412710978354,
        "exports_historical_peak_usd": 4398937.95514115,
        "buyer_imports_latest_observed_usd": 11618443.34146525,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 61.53846153846154,
        "trend_acceleration_pct": 1942.3079742485022,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 33.573,
        "buyer_yoy_all_avg_pct": 339.9324,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 37.86168100025681,
        "market_share_change_1y_pp": 5.616758296230948,
        "peer_best_share_pct": 37.86168100025681,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 28,
        "buyer_market_hhi": 2916.14,
        "distance_km": 9260.5419921875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30575456674545454,
        "tariff_advantage_pp": null,
        "volatility_cv": 2.32630143883252,
        "max_drawdown_pct": 99.91764124116801,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','long_distance_without_fta','buyer_macro_weakness']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 310510,
        "corridor_rank": 66,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 973148.1991294468,
        "exports_all_year_avg_usd": 755734.8103548727,
        "exports_avg_3y_usd": 1139162.1503852059,
        "exports_avg_5y_usd": 1006948.5365472967,
        "exports_avg_10y_usd": 779949.4972002882,
        "exports_cagr_3y_pct": 6.374338837181948,
        "exports_cagr_5y_pct": 2.5721283490211633,
        "exports_cagr_10y_pct": 14.255655482810049,
        "exports_historical_peak_usd": 1838784.1491960534,
        "buyer_imports_latest_observed_usd": 15445750.971169692,
        "historical_peak_year": 2011,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -7.881316645628101,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -31.024,
        "buyer_yoy_all_avg_pct": 5.1133,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 6.300426576512072,
        "market_share_change_1y_pp": 0.3718722339695306,
        "peer_best_share_pct": 44.0527954700573,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 42,
        "buyer_market_hhi": 2656.73,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.4919232554939437,
        "max_drawdown_pct": 89.56097862732445,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 310510,
        "corridor_rank": 95,
        "exporter_iso3": "BEL",
        "importer_iso3": "IRN",
        "latest_data_year": 2024,
        "lane_data_years": 22,
        "exports_latest_observed_usd": 558139.1417839642,
        "exports_all_year_avg_usd": 376466.78882862075,
        "exports_avg_3y_usd": 513130.6740933129,
        "exports_avg_5y_usd": 432565.8939742078,
        "exports_avg_10y_usd": 649171.4604383159,
        "exports_cagr_3y_pct": 15.384138855226048,
        "exports_cagr_5y_pct": 1.9449711397807823,
        "exports_cagr_10y_pct": 0.9821492474444637,
        "exports_historical_peak_usd": 1941123.8193595011,
        "buyer_imports_latest_observed_usd": 13506215.738765802,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": 14.401989607781584,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 19.9848,
        "buyer_yoy_all_avg_pct": 6460.8,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 4.1324613243218264,
        "market_share_change_1y_pp": -0.5751336765806636,
        "peer_best_share_pct": 23.634409395588467,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 20,
        "buyer_market_hhi": 1354.64,
        "distance_km": 4088.11865234375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.5704679814121213,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1187984689374868,
        "max_drawdown_pct": 86.60028618826848,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 310510,
        "corridor_rank": 100,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 505816.0284994426,
        "exports_all_year_avg_usd": 264902.22131324874,
        "exports_avg_3y_usd": 709366.8804410318,
        "exports_avg_5y_usd": 634875.7362343483,
        "exports_avg_10y_usd": 486558.9200303418,
        "exports_cagr_3y_pct": -4.850784109801776,
        "exports_cagr_5y_pct": -5.123166999439233,
        "exports_cagr_10y_pct": 10.102572126048814,
        "exports_historical_peak_usd": 972790.4448064201,
        "buyer_imports_latest_observed_usd": 27353652.352377355,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": -14.95335623585059,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -9.5615,
        "buyer_yoy_all_avg_pct": 10.9894,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 1.8491718107087853,
        "market_share_change_1y_pp": -1.3671335278845784,
        "peer_best_share_pct": 27.327391405447198,
        "peer_top_exporter": "AUT",
        "supplier_count_latest": 48,
        "buyer_market_hhi": 1779.22,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.9241754972535564,
        "max_drawdown_pct": 93.74471162218641,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 310510,
      "num_markets": 109,
      "highest_price_importer_iso3": "S19",
      "highest_price_usd_per_ton": 660529.8474945534,
      "lowest_price_importer_iso3": "GHA",
      "lowest_price_usd_per_ton": 164.57657657657657,
      "median_price_across_markets": 3691.519105312209,
      "price_spread_pct": 17888.71334751298,
      "avg_quantity_metric_tons": 357.375150141643,
      "total_trade_value_usd": 92740238
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 3987532.067595085,
        "active_destinations": 37,
        "yoy_growth_pct": -27.25187111339017
      },
      {
        "year": 2011,
        "export_value_usd": 7069115.4755670205,
        "active_destinations": 40,
        "yoy_growth_pct": 77.28046710933324
      },
      {
        "year": 2012,
        "export_value_usd": 10688029.479132503,
        "active_destinations": 54,
        "yoy_growth_pct": 51.193307225968134
      },
      {
        "year": 2013,
        "export_value_usd": 6868747.652350057,
        "active_destinations": 49,
        "yoy_growth_pct": -35.734199968659134
      },
      {
        "year": 2014,
        "export_value_usd": 8547251.458113715,
        "active_destinations": 54,
        "yoy_growth_pct": 24.43682445066065
      },
      {
        "year": 2015,
        "export_value_usd": 8910326.13529252,
        "active_destinations": 57,
        "yoy_growth_pct": 4.247852996464109
      },
      {
        "year": 2016,
        "export_value_usd": 9860190.98662052,
        "active_destinations": 63,
        "yoy_growth_pct": 10.660270307791771
      },
      {
        "year": 2017,
        "export_value_usd": 19013589.001398455,
        "active_destinations": 55,
        "yoy_growth_pct": 92.83185312737203
      },
      {
        "year": 2018,
        "export_value_usd": 13512080.728384212,
        "active_destinations": 61,
        "yoy_growth_pct": -28.93461235861155
      },
      {
        "year": 2019,
        "export_value_usd": 11231816.154851196,
        "active_destinations": 69,
        "yoy_growth_pct": -16.87574711378809
      },
      {
        "year": 2020,
        "export_value_usd": 11099121.568385553,
        "active_destinations": 74,
        "yoy_growth_pct": -1.1814170089343108
      },
      {
        "year": 2021,
        "export_value_usd": 9857568.056412304,
        "active_destinations": 82,
        "yoy_growth_pct": -11.186052016131235
      },
      {
        "year": 2022,
        "export_value_usd": 12029713.656883953,
        "active_destinations": 85,
        "yoy_growth_pct": 22.035309196355772
      },
      {
        "year": 2023,
        "export_value_usd": 17364273.547361277,
        "active_destinations": 91,
        "yoy_growth_pct": 44.34486175341875
      },
      {
        "year": 2024,
        "export_value_usd": 15557591.165798258,
        "active_destinations": 93,
        "yoy_growth_pct": -10.404595254936924
      }
    ],
    "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": "310510",
    "hs_description": "Fertilizers, mineral or chemical: in tablets or similar forms or in packages of a gross weight not exceeding 10kg",
    "hs_chapter": 31,
    "hs_heading": 3105
  },
  "destinations": [
    {
      "hs_code": 310510,
      "corridor_rank": 19,
      "exporter_iso3": "BEL",
      "importer_iso3": "THA",
      "latest_data_year": 2024,
      "lane_data_years": 14,
      "exports_latest_observed_usd": 4398937.95514115,
      "exports_all_year_avg_usd": 553511.2071640149,
      "exports_avg_3y_usd": 2401616.737696899,
      "exports_avg_5y_usd": 1547656.6668883252,
      "exports_avg_10y_usd": 774675.3830484635,
      "exports_cagr_3y_pct": 2055.9492453463376,
      "exports_cagr_5y_pct": 378.4635873245275,
      "exports_cagr_10y_pct": 113.6412710978354,
      "exports_historical_peak_usd": 4398937.95514115,
      "buyer_imports_latest_observed_usd": 11618443.34146525,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 61.53846153846154,
      "trend_acceleration_pct": 1942.3079742485022,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 33.573,
      "buyer_yoy_all_avg_pct": 339.9324,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 37.86168100025681,
      "market_share_change_1y_pp": 5.616758296230948,
      "peer_best_share_pct": 37.86168100025681,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 28,
      "buyer_market_hhi": 2916.14,
      "distance_km": 9260.5419921875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.30575456674545454,
      "tariff_advantage_pp": null,
      "volatility_cv": 2.32630143883252,
      "max_drawdown_pct": 99.91764124116801,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','long_distance_without_fta','buyer_macro_weakness']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 310510,
      "corridor_rank": 66,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 973148.1991294468,
      "exports_all_year_avg_usd": 755734.8103548727,
      "exports_avg_3y_usd": 1139162.1503852059,
      "exports_avg_5y_usd": 1006948.5365472967,
      "exports_avg_10y_usd": 779949.4972002882,
      "exports_cagr_3y_pct": 6.374338837181948,
      "exports_cagr_5y_pct": 2.5721283490211633,
      "exports_cagr_10y_pct": 14.255655482810049,
      "exports_historical_peak_usd": 1838784.1491960534,
      "buyer_imports_latest_observed_usd": 15445750.971169692,
      "historical_peak_year": 2011,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -7.881316645628101,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -31.024,
      "buyer_yoy_all_avg_pct": 5.1133,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 6.300426576512072,
      "market_share_change_1y_pp": 0.3718722339695306,
      "peer_best_share_pct": 44.0527954700573,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 42,
      "buyer_market_hhi": 2656.73,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.4919232554939437,
      "max_drawdown_pct": 89.56097862732445,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 310510,
      "corridor_rank": 95,
      "exporter_iso3": "BEL",
      "importer_iso3": "IRN",
      "latest_data_year": 2024,
      "lane_data_years": 22,
      "exports_latest_observed_usd": 558139.1417839642,
      "exports_all_year_avg_usd": 376466.78882862075,
      "exports_avg_3y_usd": 513130.6740933129,
      "exports_avg_5y_usd": 432565.8939742078,
      "exports_avg_10y_usd": 649171.4604383159,
      "exports_cagr_3y_pct": 15.384138855226048,
      "exports_cagr_5y_pct": 1.9449711397807823,
      "exports_cagr_10y_pct": 0.9821492474444637,
      "exports_historical_peak_usd": 1941123.8193595011,
      "buyer_imports_latest_observed_usd": 13506215.738765802,
      "historical_peak_year": 2017,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": 14.401989607781584,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 19.9848,
      "buyer_yoy_all_avg_pct": 6460.8,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 4.1324613243218264,
      "market_share_change_1y_pp": -0.5751336765806636,
      "peer_best_share_pct": 23.634409395588467,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 20,
      "buyer_market_hhi": 1354.64,
      "distance_km": 4088.11865234375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.5704679814121213,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.1187984689374868,
      "max_drawdown_pct": 86.60028618826848,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 310510,
      "corridor_rank": 100,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 505816.0284994426,
      "exports_all_year_avg_usd": 264902.22131324874,
      "exports_avg_3y_usd": 709366.8804410318,
      "exports_avg_5y_usd": 634875.7362343483,
      "exports_avg_10y_usd": 486558.9200303418,
      "exports_cagr_3y_pct": -4.850784109801776,
      "exports_cagr_5y_pct": -5.123166999439233,
      "exports_cagr_10y_pct": 10.102572126048814,
      "exports_historical_peak_usd": 972790.4448064201,
      "buyer_imports_latest_observed_usd": 27353652.352377355,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": -14.95335623585059,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -9.5615,
      "buyer_yoy_all_avg_pct": 10.9894,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 1.8491718107087853,
      "market_share_change_1y_pp": -1.3671335278845784,
      "peer_best_share_pct": 27.327391405447198,
      "peer_top_exporter": "AUT",
      "supplier_count_latest": 48,
      "buyer_market_hhi": 1779.22,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.9241754972535564,
      "max_drawdown_pct": 93.74471162218641,
      "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"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 310510,
    "num_markets": 109,
    "highest_price_importer_iso3": "S19",
    "highest_price_usd_per_ton": 660529.8474945534,
    "lowest_price_importer_iso3": "GHA",
    "lowest_price_usd_per_ton": 164.57657657657657,
    "median_price_across_markets": 3691.519105312209,
    "price_spread_pct": 17888.71334751298,
    "avg_quantity_metric_tons": 357.375150141643,
    "total_trade_value_usd": 92740238
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 3987532.067595085,
      "active_destinations": 37,
      "yoy_growth_pct": -27.25187111339017
    },
    {
      "year": 2011,
      "export_value_usd": 7069115.4755670205,
      "active_destinations": 40,
      "yoy_growth_pct": 77.28046710933324
    },
    {
      "year": 2012,
      "export_value_usd": 10688029.479132503,
      "active_destinations": 54,
      "yoy_growth_pct": 51.193307225968134
    },
    {
      "year": 2013,
      "export_value_usd": 6868747.652350057,
      "active_destinations": 49,
      "yoy_growth_pct": -35.734199968659134
    },
    {
      "year": 2014,
      "export_value_usd": 8547251.458113715,
      "active_destinations": 54,
      "yoy_growth_pct": 24.43682445066065
    },
    {
      "year": 2015,
      "export_value_usd": 8910326.13529252,
      "active_destinations": 57,
      "yoy_growth_pct": 4.247852996464109
    },
    {
      "year": 2016,
      "export_value_usd": 9860190.98662052,
      "active_destinations": 63,
      "yoy_growth_pct": 10.660270307791771
    },
    {
      "year": 2017,
      "export_value_usd": 19013589.001398455,
      "active_destinations": 55,
      "yoy_growth_pct": 92.83185312737203
    },
    {
      "year": 2018,
      "export_value_usd": 13512080.728384212,
      "active_destinations": 61,
      "yoy_growth_pct": -28.93461235861155
    },
    {
      "year": 2019,
      "export_value_usd": 11231816.154851196,
      "active_destinations": 69,
      "yoy_growth_pct": -16.87574711378809
    },
    {
      "year": 2020,
      "export_value_usd": 11099121.568385553,
      "active_destinations": 74,
      "yoy_growth_pct": -1.1814170089343108
    },
    {
      "year": 2021,
      "export_value_usd": 9857568.056412304,
      "active_destinations": 82,
      "yoy_growth_pct": -11.186052016131235
    },
    {
      "year": 2022,
      "export_value_usd": 12029713.656883953,
      "active_destinations": 85,
      "yoy_growth_pct": 22.035309196355772
    },
    {
      "year": 2023,
      "export_value_usd": 17364273.547361277,
      "active_destinations": 91,
      "yoy_growth_pct": 44.34486175341875
    },
    {
      "year": 2024,
      "export_value_usd": 15557591.165798258,
      "active_destinations": 93,
      "yoy_growth_pct": -10.404595254936924
    }
  ],
  "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
  }
}