{
  "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/382312",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/382312",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/382312",
    "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": "382312",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 115,
    "current_lane_count": 42,
    "active_market_count": 42,
    "exports_latest_observed_lanes_usd": 38101950.7986935,
    "exports_current_2024_usd": 37282729.05812448,
    "exports_avg_3y_usd": 50365542.23946019,
    "exports_avg_5y_usd": 50013952.842378505,
    "exports_avg_10y_usd": 41070641.151675604,
    "exports_cagr_3y_pct": -15.551819367870511,
    "exports_cagr_5y_pct": 0.9874746401269174,
    "exports_cagr_10y_pct": 4.949098403969465,
    "exports_all_year_lane_avg_usd": 28099458.77206439,
    "exports_historical_lane_peak_usd": 98324367.91756545,
    "historical_peak_year": 2022,
    "positive_growth_year_share_pct": 72,
    "trend_acceleration_pct": -20.500917771839976,
    "trend_label": "Rapid decline",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 13005911.218491571,
    "top_market_share_pct": 34.13450216028713,
    "destination_hhi": 1879.897333824042,
    "weighted_share_latest_pct": 28.618135191399443,
    "weighted_share_change_1y_pp": -10.291508048025596,
    "weighted_volatility_cv": 0.8130018356555015,
    "weighted_max_drawdown_pct": 67.62793347680312,
    "limited_history_lane_share_pct": 39.130434782608695,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 382312,
      "hs_description": "Industrial monocarboxylic fatty acids, acid oils from refining: oleic acid",
      "hs_chapter": 38,
      "hs_heading": 3823,
      "substitution_elasticity": -6.9916639,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Industrial monocarboxylic fatty acids, acid oils from refining: oleic acid",
    "hs_chapter": 38,
    "hs_heading": 3823,
    "destinations": [
      {
        "hs_code": 382312,
        "corridor_rank": 11,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 13005911.218491571,
        "exports_all_year_avg_usd": 8711065.201691885,
        "exports_avg_3y_usd": 23984223.392848957,
        "exports_avg_5y_usd": 22629750.73107735,
        "exports_avg_10y_usd": 17561715.39207506,
        "exports_cagr_3y_pct": -17.87066535315024,
        "exports_cagr_5y_pct": -2.331878989132208,
        "exports_cagr_10y_pct": 11.970072338151283,
        "exports_historical_peak_usd": 35853544.332054734,
        "buyer_imports_latest_observed_usd": 27799015.88419146,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -29.840737691301523,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -6.5403,
        "buyer_yoy_all_avg_pct": 8.0544,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 46.78550950390901,
        "market_share_change_1y_pp": -30.85339437890059,
        "peer_best_share_pct": 46.78550950390901,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 15,
        "buyer_market_hhi": 3211.54,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.9774950490014143,
        "max_drawdown_pct": 68.82630301731542,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 382312,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 6538619.650036545,
        "exports_all_year_avg_usd": 5390615.17501886,
        "exports_avg_3y_usd": 6565568.305524331,
        "exports_avg_5y_usd": 7984173.073493505,
        "exports_avg_10y_usd": 7423784.828111569,
        "exports_cagr_3y_pct": -20.783496380958265,
        "exports_cagr_5y_pct": -2.2471582019148673,
        "exports_cagr_10y_pct": -0.8754833559166508,
        "exports_historical_peak_usd": 13153431.432867052,
        "buyer_imports_latest_observed_usd": 28021373.489963274,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -19.908013025041615,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 4.9017,
        "buyer_yoy_all_avg_pct": 5.9277,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 23.334400979233063,
        "market_share_change_1y_pp": -0.26348332213601466,
        "peer_best_share_pct": 31.965813714154343,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 17,
        "buyer_market_hhi": 2194.17,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.44491811739377674,
        "max_drawdown_pct": 52.077348376018605,
        "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": 382312,
        "corridor_rank": 21,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 5930169.099733292,
        "exports_all_year_avg_usd": 2688181.184860142,
        "exports_avg_3y_usd": 4688335.204275303,
        "exports_avg_5y_usd": 4171284.793863605,
        "exports_avg_10y_usd": 3606101.9150687032,
        "exports_cagr_3y_pct": 10.545715369569209,
        "exports_cagr_5y_pct": 16.823183717444667,
        "exports_cagr_10y_pct": 7.501473990531404,
        "exports_historical_peak_usd": 5930169.099733292,
        "buyer_imports_latest_observed_usd": 28485607.207096677,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 3.0442413790378042,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 18.365,
        "buyer_yoy_all_avg_pct": 22.0595,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 20.818124242954166,
        "market_share_change_1y_pp": 5.427255740182348,
        "peer_best_share_pct": 29.159947526105846,
        "peer_top_exporter": "MYS",
        "supplier_count_latest": 16,
        "buyer_market_hhi": 1977.12,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.6002725969181801,
        "max_drawdown_pct": 58.38793580193503,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 382312,
        "corridor_rank": 30,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 3777099.942535575,
        "exports_all_year_avg_usd": 1875635.664442173,
        "exports_avg_3y_usd": 4224421.078615914,
        "exports_avg_5y_usd": 4349071.908324048,
        "exports_avg_10y_usd": 3394038.224394691,
        "exports_cagr_3y_pct": -14.558271997438588,
        "exports_cagr_5y_pct": 8.073253955372262,
        "exports_cagr_10y_pct": 2.8974788951038333,
        "exports_historical_peak_usd": 6055477.67293478,
        "buyer_imports_latest_observed_usd": 61659084.66733379,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -17.455750892542422,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 92.7408,
        "buyer_yoy_all_avg_pct": 17.2662,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 6.125780106717406,
        "market_share_change_1y_pp": -4.153119239122279,
        "peer_best_share_pct": 73.74213256201868,
        "peer_top_exporter": "MYS",
        "supplier_count_latest": 31,
        "buyer_market_hhi": 5567.72,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8138464424330786,
        "max_drawdown_pct": 67.22844338317755,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 382312,
        "corridor_rank": 42,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2056417.6374321694,
        "exports_all_year_avg_usd": 1241028.6541444333,
        "exports_avg_3y_usd": 1135915.5010404335,
        "exports_avg_5y_usd": 994973.7844888162,
        "exports_avg_10y_usd": 1067617.942435904,
        "exports_cagr_3y_pct": 33.566945729908994,
        "exports_cagr_5y_pct": 18.77477075634033,
        "exports_cagr_10y_pct": 5.665105719601815,
        "exports_historical_peak_usd": 3265511.9948891173,
        "buyer_imports_latest_observed_usd": 23651635.137638044,
        "historical_peak_year": 2006,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 27.90184001030718,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 7.73,
        "buyer_yoy_all_avg_pct": 14.0881,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 8.694610860792826,
        "market_share_change_1y_pp": 5.627370568704004,
        "peer_best_share_pct": 52.84473543496948,
        "peer_top_exporter": "MYS",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 3300.87,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.6459342765182088,
        "max_drawdown_pct": 79.37847265241228,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 382312,
        "corridor_rank": 68,
        "exporter_iso3": "BEL",
        "importer_iso3": "MYS",
        "latest_data_year": 2024,
        "lane_data_years": 16,
        "exports_latest_observed_usd": 453504.9261280063,
        "exports_all_year_avg_usd": 245198.21550969273,
        "exports_avg_3y_usd": 466835.37415931607,
        "exports_avg_5y_usd": 540088.0101210184,
        "exports_avg_10y_usd": 385482.1234007837,
        "exports_cagr_3y_pct": -7.132637380318796,
        "exports_cagr_5y_pct": -5.256591951460143,
        "exports_cagr_10y_pct": 33.42379223530345,
        "exports_historical_peak_usd": 733704.1922382369,
        "buyer_imports_latest_observed_usd": 35234204.08859528,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": -40.55642961562225,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 71.1372,
        "buyer_yoy_all_avg_pct": 126.6434,
        "buyer_trend_consistency_pct": 72.4138,
        "market_share_latest_pct": 1.2871155681214839,
        "market_share_change_1y_pp": -0.033885177547319456,
        "peer_best_share_pct": 87.64738417446503,
        "peer_top_exporter": "IDN",
        "supplier_count_latest": 11,
        "buyer_market_hhi": 7723.3,
        "distance_km": 10261.216796875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.1339099772020202,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0776680727116528,
        "max_drawdown_pct": 94.20495301534558,
        "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": 382312,
        "corridor_rank": 92,
        "exporter_iso3": "BEL",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 19,
        "exports_latest_observed_usd": 139941.28858033146,
        "exports_all_year_avg_usd": 485618.04799487727,
        "exports_avg_3y_usd": 1060262.7591822299,
        "exports_avg_5y_usd": 713210.6057253305,
        "exports_avg_10y_usd": 862246.8561517762,
        "exports_cagr_3y_pct": -20.48071865448089,
        "exports_cagr_5y_pct": -33.966570270336774,
        "exports_cagr_10y_pct": -11.207431870855256,
        "exports_historical_peak_usd": 2716138.256149025,
        "buyer_imports_latest_observed_usd": 43295923.91249739,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 50,
        "trend_acceleration_pct": -9.273286783625633,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 16.956,
        "buyer_yoy_all_avg_pct": 13.1848,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 0.3232204695831363,
        "market_share_change_1y_pp": -0.5539206209030147,
        "peer_best_share_pct": 50.13067950847253,
        "peer_top_exporter": "IDN",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 3665.71,
        "distance_km": 9463.2626953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.039966357792484856,
        "tariff_advantage_pp": 0.030413669105984857,
        "volatility_cv": 1.5108557663072815,
        "max_drawdown_pct": 94.84778478181217,
        "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','buyer_macro_weakness']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 382312,
      "num_markets": 64,
      "highest_price_importer_iso3": "LUX",
      "highest_price_usd_per_ton": 143857.14285714284,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 402.79634581105165,
      "median_price_across_markets": 2044.1456126052703,
      "price_spread_pct": 7017.814466186622,
      "avg_quantity_metric_tons": 592.1211408450704,
      "total_trade_value_usd": 212937597
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 28158153.464043573,
        "active_destinations": 41,
        "yoy_growth_pct": 14.794163314401304
      },
      {
        "year": 2011,
        "export_value_usd": 31792653.70846857,
        "active_destinations": 45,
        "yoy_growth_pct": 12.907452362123308
      },
      {
        "year": 2012,
        "export_value_usd": 23089972.849018678,
        "active_destinations": 40,
        "yoy_growth_pct": -27.373244584272534
      },
      {
        "year": 2013,
        "export_value_usd": 20329661.490465906,
        "active_destinations": 49,
        "yoy_growth_pct": -11.954589018367276
      },
      {
        "year": 2014,
        "export_value_usd": 22999615.450990487,
        "active_destinations": 46,
        "yoy_growth_pct": 13.133292759334541
      },
      {
        "year": 2015,
        "export_value_usd": 26381381.55903802,
        "active_destinations": 45,
        "yoy_growth_pct": 14.703576741331545
      },
      {
        "year": 2016,
        "export_value_usd": 27933232.720835045,
        "active_destinations": 43,
        "yoy_growth_pct": 5.882372605559675
      },
      {
        "year": 2017,
        "export_value_usd": 32206882.57851357,
        "active_destinations": 42,
        "yoy_growth_pct": 15.29951760467332
      },
      {
        "year": 2018,
        "export_value_usd": 38619909.026353054,
        "active_destinations": 46,
        "yoy_growth_pct": 19.91197512583182
      },
      {
        "year": 2019,
        "export_value_usd": 35495241.42012392,
        "active_destinations": 50,
        "yoy_growth_pct": -8.090820732117612
      },
      {
        "year": 2020,
        "export_value_usd": 37066558.91453306,
        "active_destinations": 47,
        "yoy_growth_pct": 4.426839856675218
      },
      {
        "year": 2021,
        "export_value_usd": 61906578.57897885,
        "active_destinations": 50,
        "yoy_growth_pct": 67.0146363511141
      },
      {
        "year": 2022,
        "export_value_usd": 69962234.58891883,
        "active_destinations": 47,
        "yoy_growth_pct": 13.012600913912213
      },
      {
        "year": 2023,
        "export_value_usd": 43851663.07133722,
        "active_destinations": 43,
        "yoy_growth_pct": -37.32095132609902
      },
      {
        "year": 2024,
        "export_value_usd": 37282729.05812449,
        "active_destinations": 42,
        "yoy_growth_pct": -14.97989711935552
      }
    ],
    "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": "382312",
    "hs_description": "Industrial monocarboxylic fatty acids, acid oils from refining: oleic acid",
    "hs_chapter": 38,
    "hs_heading": 3823
  },
  "destinations": [
    {
      "hs_code": 382312,
      "corridor_rank": 11,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 13005911.218491571,
      "exports_all_year_avg_usd": 8711065.201691885,
      "exports_avg_3y_usd": 23984223.392848957,
      "exports_avg_5y_usd": 22629750.73107735,
      "exports_avg_10y_usd": 17561715.39207506,
      "exports_cagr_3y_pct": -17.87066535315024,
      "exports_cagr_5y_pct": -2.331878989132208,
      "exports_cagr_10y_pct": 11.970072338151283,
      "exports_historical_peak_usd": 35853544.332054734,
      "buyer_imports_latest_observed_usd": 27799015.88419146,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -29.840737691301523,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -6.5403,
      "buyer_yoy_all_avg_pct": 8.0544,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 46.78550950390901,
      "market_share_change_1y_pp": -30.85339437890059,
      "peer_best_share_pct": 46.78550950390901,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 15,
      "buyer_market_hhi": 3211.54,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.9774950490014143,
      "max_drawdown_pct": 68.82630301731542,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 382312,
      "corridor_rank": 19,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 6538619.650036545,
      "exports_all_year_avg_usd": 5390615.17501886,
      "exports_avg_3y_usd": 6565568.305524331,
      "exports_avg_5y_usd": 7984173.073493505,
      "exports_avg_10y_usd": 7423784.828111569,
      "exports_cagr_3y_pct": -20.783496380958265,
      "exports_cagr_5y_pct": -2.2471582019148673,
      "exports_cagr_10y_pct": -0.8754833559166508,
      "exports_historical_peak_usd": 13153431.432867052,
      "buyer_imports_latest_observed_usd": 28021373.489963274,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -19.908013025041615,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 4.9017,
      "buyer_yoy_all_avg_pct": 5.9277,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 23.334400979233063,
      "market_share_change_1y_pp": -0.26348332213601466,
      "peer_best_share_pct": 31.965813714154343,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 17,
      "buyer_market_hhi": 2194.17,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.44491811739377674,
      "max_drawdown_pct": 52.077348376018605,
      "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": 382312,
      "corridor_rank": 21,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 5930169.099733292,
      "exports_all_year_avg_usd": 2688181.184860142,
      "exports_avg_3y_usd": 4688335.204275303,
      "exports_avg_5y_usd": 4171284.793863605,
      "exports_avg_10y_usd": 3606101.9150687032,
      "exports_cagr_3y_pct": 10.545715369569209,
      "exports_cagr_5y_pct": 16.823183717444667,
      "exports_cagr_10y_pct": 7.501473990531404,
      "exports_historical_peak_usd": 5930169.099733292,
      "buyer_imports_latest_observed_usd": 28485607.207096677,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 3.0442413790378042,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 18.365,
      "buyer_yoy_all_avg_pct": 22.0595,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 20.818124242954166,
      "market_share_change_1y_pp": 5.427255740182348,
      "peer_best_share_pct": 29.159947526105846,
      "peer_top_exporter": "MYS",
      "supplier_count_latest": 16,
      "buyer_market_hhi": 1977.12,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.6002725969181801,
      "max_drawdown_pct": 58.38793580193503,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 382312,
      "corridor_rank": 30,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 3777099.942535575,
      "exports_all_year_avg_usd": 1875635.664442173,
      "exports_avg_3y_usd": 4224421.078615914,
      "exports_avg_5y_usd": 4349071.908324048,
      "exports_avg_10y_usd": 3394038.224394691,
      "exports_cagr_3y_pct": -14.558271997438588,
      "exports_cagr_5y_pct": 8.073253955372262,
      "exports_cagr_10y_pct": 2.8974788951038333,
      "exports_historical_peak_usd": 6055477.67293478,
      "buyer_imports_latest_observed_usd": 61659084.66733379,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -17.455750892542422,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 92.7408,
      "buyer_yoy_all_avg_pct": 17.2662,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 6.125780106717406,
      "market_share_change_1y_pp": -4.153119239122279,
      "peer_best_share_pct": 73.74213256201868,
      "peer_top_exporter": "MYS",
      "supplier_count_latest": 31,
      "buyer_market_hhi": 5567.72,
      "distance_km": 173.03326416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8138464424330786,
      "max_drawdown_pct": 67.22844338317755,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 382312,
      "corridor_rank": 42,
      "exporter_iso3": "BEL",
      "importer_iso3": "ESP",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2056417.6374321694,
      "exports_all_year_avg_usd": 1241028.6541444333,
      "exports_avg_3y_usd": 1135915.5010404335,
      "exports_avg_5y_usd": 994973.7844888162,
      "exports_avg_10y_usd": 1067617.942435904,
      "exports_cagr_3y_pct": 33.566945729908994,
      "exports_cagr_5y_pct": 18.77477075634033,
      "exports_cagr_10y_pct": 5.665105719601815,
      "exports_historical_peak_usd": 3265511.9948891173,
      "buyer_imports_latest_observed_usd": 23651635.137638044,
      "historical_peak_year": 2006,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 27.90184001030718,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 7.73,
      "buyer_yoy_all_avg_pct": 14.0881,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 8.694610860792826,
      "market_share_change_1y_pp": 5.627370568704004,
      "peer_best_share_pct": 52.84473543496948,
      "peer_top_exporter": "MYS",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 3300.87,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.6459342765182088,
      "max_drawdown_pct": 79.37847265241228,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 382312,
      "corridor_rank": 68,
      "exporter_iso3": "BEL",
      "importer_iso3": "MYS",
      "latest_data_year": 2024,
      "lane_data_years": 16,
      "exports_latest_observed_usd": 453504.9261280063,
      "exports_all_year_avg_usd": 245198.21550969273,
      "exports_avg_3y_usd": 466835.37415931607,
      "exports_avg_5y_usd": 540088.0101210184,
      "exports_avg_10y_usd": 385482.1234007837,
      "exports_cagr_3y_pct": -7.132637380318796,
      "exports_cagr_5y_pct": -5.256591951460143,
      "exports_cagr_10y_pct": 33.42379223530345,
      "exports_historical_peak_usd": 733704.1922382369,
      "buyer_imports_latest_observed_usd": 35234204.08859528,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": -40.55642961562225,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 71.1372,
      "buyer_yoy_all_avg_pct": 126.6434,
      "buyer_trend_consistency_pct": 72.4138,
      "market_share_latest_pct": 1.2871155681214839,
      "market_share_change_1y_pp": -0.033885177547319456,
      "peer_best_share_pct": 87.64738417446503,
      "peer_top_exporter": "IDN",
      "supplier_count_latest": 11,
      "buyer_market_hhi": 7723.3,
      "distance_km": 10261.216796875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.1339099772020202,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.0776680727116528,
      "max_drawdown_pct": 94.20495301534558,
      "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": 382312,
      "corridor_rank": 92,
      "exporter_iso3": "BEL",
      "importer_iso3": "JPN",
      "latest_data_year": 2024,
      "lane_data_years": 19,
      "exports_latest_observed_usd": 139941.28858033146,
      "exports_all_year_avg_usd": 485618.04799487727,
      "exports_avg_3y_usd": 1060262.7591822299,
      "exports_avg_5y_usd": 713210.6057253305,
      "exports_avg_10y_usd": 862246.8561517762,
      "exports_cagr_3y_pct": -20.48071865448089,
      "exports_cagr_5y_pct": -33.966570270336774,
      "exports_cagr_10y_pct": -11.207431870855256,
      "exports_historical_peak_usd": 2716138.256149025,
      "buyer_imports_latest_observed_usd": 43295923.91249739,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 50,
      "trend_acceleration_pct": -9.273286783625633,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 16.956,
      "buyer_yoy_all_avg_pct": 13.1848,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 0.3232204695831363,
      "market_share_change_1y_pp": -0.5539206209030147,
      "peer_best_share_pct": 50.13067950847253,
      "peer_top_exporter": "IDN",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 3665.71,
      "distance_km": 9463.2626953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.039966357792484856,
      "tariff_advantage_pp": 0.030413669105984857,
      "volatility_cv": 1.5108557663072815,
      "max_drawdown_pct": 94.84778478181217,
      "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','buyer_macro_weakness']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 382312,
    "num_markets": 64,
    "highest_price_importer_iso3": "LUX",
    "highest_price_usd_per_ton": 143857.14285714284,
    "lowest_price_importer_iso3": "AGO",
    "lowest_price_usd_per_ton": 402.79634581105165,
    "median_price_across_markets": 2044.1456126052703,
    "price_spread_pct": 7017.814466186622,
    "avg_quantity_metric_tons": 592.1211408450704,
    "total_trade_value_usd": 212937597
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 28158153.464043573,
      "active_destinations": 41,
      "yoy_growth_pct": 14.794163314401304
    },
    {
      "year": 2011,
      "export_value_usd": 31792653.70846857,
      "active_destinations": 45,
      "yoy_growth_pct": 12.907452362123308
    },
    {
      "year": 2012,
      "export_value_usd": 23089972.849018678,
      "active_destinations": 40,
      "yoy_growth_pct": -27.373244584272534
    },
    {
      "year": 2013,
      "export_value_usd": 20329661.490465906,
      "active_destinations": 49,
      "yoy_growth_pct": -11.954589018367276
    },
    {
      "year": 2014,
      "export_value_usd": 22999615.450990487,
      "active_destinations": 46,
      "yoy_growth_pct": 13.133292759334541
    },
    {
      "year": 2015,
      "export_value_usd": 26381381.55903802,
      "active_destinations": 45,
      "yoy_growth_pct": 14.703576741331545
    },
    {
      "year": 2016,
      "export_value_usd": 27933232.720835045,
      "active_destinations": 43,
      "yoy_growth_pct": 5.882372605559675
    },
    {
      "year": 2017,
      "export_value_usd": 32206882.57851357,
      "active_destinations": 42,
      "yoy_growth_pct": 15.29951760467332
    },
    {
      "year": 2018,
      "export_value_usd": 38619909.026353054,
      "active_destinations": 46,
      "yoy_growth_pct": 19.91197512583182
    },
    {
      "year": 2019,
      "export_value_usd": 35495241.42012392,
      "active_destinations": 50,
      "yoy_growth_pct": -8.090820732117612
    },
    {
      "year": 2020,
      "export_value_usd": 37066558.91453306,
      "active_destinations": 47,
      "yoy_growth_pct": 4.426839856675218
    },
    {
      "year": 2021,
      "export_value_usd": 61906578.57897885,
      "active_destinations": 50,
      "yoy_growth_pct": 67.0146363511141
    },
    {
      "year": 2022,
      "export_value_usd": 69962234.58891883,
      "active_destinations": 47,
      "yoy_growth_pct": 13.012600913912213
    },
    {
      "year": 2023,
      "export_value_usd": 43851663.07133722,
      "active_destinations": 43,
      "yoy_growth_pct": -37.32095132609902
    },
    {
      "year": 2024,
      "export_value_usd": 37282729.05812449,
      "active_destinations": 42,
      "yoy_growth_pct": -14.97989711935552
    }
  ],
  "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
  }
}