# Belgium HS 390939 exports | Yugalinks

Explore reported HS 390939 exports from Belgium: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Belgium |
| HS6 | 390939 |
| Latest exports | $24.9M |
| Active destinations | 86 |
| Three-year growth | +24.5% |
| Destination HHI | 1,778 |
| Weighted share | 18.6% |

## Destination markets

- Germany: $9.2M; share 17.4%; growth +52.7%
- France: $2.8M; share 16%; growth +81.3%
- Italy: $1.7M; share 9.6%; growth +30.5%
- Poland: $543.9K; share 1.7%; growth -7.9%
- USA, Puerto Rico and US Virgin Islands: $278.3K; share 1.9%; growth +3.5%

## Price intelligence

- Highest reported market price: Australia at $262.7K / ton.
- Lowest reported market price: Oman at $11.8 / ton.
- Median reported price: $4.9K / ton.
- Price spread: 5,373%.

## Export history

- 2010: $38.3M
- 2011: $35.9M
- 2012: $22.5M
- 2013: $19.3M
- 2014: $28.5M
- 2015: $16.5M
- 2016: $10.7M
- 2017: $17.2M
- 2018: $14.8M
- 2019: $11.7M
- 2020: $8.5M
- 2021: $12.7M
- 2022: $55.2M
- 2023: $31.9M
- 2024: $24.5M

## Methods

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.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "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/390939",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/390939",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/390939",
    "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": "390939",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 150,
    "current_lane_count": 86,
    "active_market_count": 86,
    "exports_latest_observed_lanes_usd": 24867391.919149175,
    "exports_current_2024_usd": 24489307.992165312,
    "exports_avg_3y_usd": 37194467.50007698,
    "exports_avg_5y_usd": 26566400.039729033,
    "exports_avg_10y_usd": 20375478.019976966,
    "exports_cagr_3y_pct": 24.457642041827587,
    "exports_cagr_5y_pct": 15.880475847774544,
    "exports_cagr_10y_pct": -1.5095665229740152,
    "exports_all_year_lane_avg_usd": 21232677.39115047,
    "exports_historical_lane_peak_usd": 137817122.53683335,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 44,
    "trend_acceleration_pct": 25.967208564801602,
    "trend_label": "Rapid growth",
    "top_market_iso3": "DEU",
    "top_market_exports_usd": 9224856.496377775,
    "top_market_share_pct": 37.09619620091386,
    "destination_hhi": 1777.7704789540126,
    "weighted_share_latest_pct": 18.601194237636125,
    "weighted_share_change_1y_pp": -0.8496232097784082,
    "weighted_volatility_cv": 1.3218732634395163,
    "weighted_max_drawdown_pct": 70.62960931229294,
    "limited_history_lane_share_pct": 24,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 390939,
      "hs_description": "Amino-resins: n.e.c. in heading no. 3909, in primary forms, other than poly(methylene phenyl isocyanate) (Crude MDI, polymeric MDI)",
      "hs_chapter": 39,
      "hs_heading": 3909,
      "substitution_elasticity": null,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Amino-resins: n.e.c. in heading no. 3909, in primary forms, other than poly(methylene phenyl isocyanate) (Crude MDI, polymeric MDI)",
    "hs_chapter": 39,
    "hs_heading": 3909,
    "destinations": [
      {
        "hs_code": 390939,
        "corridor_rank": 8,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 9224856.496377775,
        "exports_all_year_avg_usd": 3003124.8821062064,
        "exports_avg_3y_usd": 11092185.495561114,
        "exports_avg_5y_usd": 7557890.345933164,
        "exports_avg_10y_usd": 5222449.700734917,
        "exports_cagr_3y_pct": 52.69365075845247,
        "exports_cagr_5y_pct": 24.668493496419195,
        "exports_cagr_10y_pct": 12.916707875230959,
        "exports_historical_peak_usd": 15707252.145513622,
        "buyer_imports_latest_observed_usd": 53153660.736695856,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": 39.77694288322151,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 1.9362,
        "buyer_yoy_all_avg_pct": 12.5547,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 17.355072761732064,
        "market_share_change_1y_pp": 1.3523882771734463,
        "peer_best_share_pct": 23.720440383768004,
        "peer_top_exporter": "GBR",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 1545.72,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.1147322007761118,
        "max_drawdown_pct": 53.59098531875537,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 390939,
        "corridor_rank": 29,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2764950.61046745,
        "exports_all_year_avg_usd": 1726057.6076687858,
        "exports_avg_3y_usd": 13046951.879766108,
        "exports_avg_5y_usd": 7967167.336144145,
        "exports_avg_10y_usd": 4180175.777653466,
        "exports_cagr_3y_pct": 81.25077682204073,
        "exports_cagr_5y_pct": 41.70686331441553,
        "exports_cagr_10y_pct": 22.269130077320078,
        "exports_historical_peak_usd": 25781440.4900254,
        "buyer_imports_latest_observed_usd": 17303395.310736455,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": 58.981646744720656,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -27.5912,
        "buyer_yoy_all_avg_pct": 13.5286,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 15.979237374018998,
        "market_share_change_1y_pp": -28.354985378683303,
        "peer_best_share_pct": 37.515346758429004,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 31,
        "buyer_market_hhi": 2408.25,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 3.025959337176138,
        "max_drawdown_pct": 89.27542232740183,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 390939,
        "corridor_rank": 38,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 1661595.5440512428,
        "exports_all_year_avg_usd": 623807.289457163,
        "exports_avg_3y_usd": 1617540.1320281485,
        "exports_avg_5y_usd": 1271860.4751676086,
        "exports_avg_10y_usd": 1030177.9383444369,
        "exports_cagr_3y_pct": 30.536171064969132,
        "exports_cagr_5y_pct": 13.163474090877504,
        "exports_cagr_10y_pct": 7.9985053688718555,
        "exports_historical_peak_usd": 1661595.5440512428,
        "buyer_imports_latest_observed_usd": 17312722.353343174,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 22.537665696097278,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -13.0463,
        "buyer_yoy_all_avg_pct": 27.8377,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 9.597540526203726,
        "market_share_change_1y_pp": 1.500507953669933,
        "peer_best_share_pct": 36.78433386689326,
        "peer_top_exporter": "HUN",
        "supplier_count_latest": 24,
        "buyer_market_hhi": 2272.2,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.7661862550014037,
        "max_drawdown_pct": 88.35957117470994,
        "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": 390939,
        "corridor_rank": 72,
        "exporter_iso3": "BEL",
        "importer_iso3": "POL",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 543936.5247407712,
        "exports_all_year_avg_usd": 385496.33357895026,
        "exports_avg_3y_usd": 530130.1998818538,
        "exports_avg_5y_usd": 530370.3536968572,
        "exports_avg_10y_usd": 528193.7287172081,
        "exports_cagr_3y_pct": -7.856869780522969,
        "exports_cagr_5y_pct": 22.461713562380293,
        "exports_cagr_10y_pct": 0.20379695472119153,
        "exports_historical_peak_usd": 825347.8486036352,
        "buyer_imports_latest_observed_usd": 31762848.420127198,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 54.166666666666664,
        "trend_acceleration_pct": -8.06066673524416,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -14.328,
        "buyer_yoy_all_avg_pct": 62.0956,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 1.7124929022300603,
        "market_share_change_1y_pp": 0.5189569525262858,
        "peer_best_share_pct": 51.05643899129193,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 25,
        "buyer_market_hhi": 3242.94,
        "distance_km": 1160.6441650390625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.08183472355387879,
        "tariff_advantage_pp": 0.046077346169494965,
        "volatility_cv": 0.6332241022654183,
        "max_drawdown_pct": 94.1052458162369,
        "attention_level": "Watch",
        "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": 390939,
        "corridor_rank": 98,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 278323.2205711453,
        "exports_all_year_avg_usd": 213360.41659271222,
        "exports_avg_3y_usd": 246669.27892840744,
        "exports_avg_5y_usd": 215609.12287096688,
        "exports_avg_10y_usd": 397696.9146588241,
        "exports_cagr_3y_pct": 3.5301472355318886,
        "exports_cagr_5y_pct": 285.9431119762557,
        "exports_cagr_10y_pct": -4.861820850210908,
        "exports_historical_peak_usd": 1932423.427567849,
        "buyer_imports_latest_observed_usd": 14559317.659405595,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 54.166666666666664,
        "trend_acceleration_pct": 8.391968085742796,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 16.9508,
        "buyer_yoy_all_avg_pct": 15.1426,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 1.9116501685183247,
        "market_share_change_1y_pp": -0.15340382660081509,
        "peer_best_share_pct": 32.72761730946156,
        "peer_top_exporter": "CAN",
        "supplier_count_latest": 28,
        "buyer_market_hhi": 1826.03,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.7667619150574858,
        "max_drawdown_pct": 99.98317981859658,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 390939,
      "num_markets": 119,
      "highest_price_importer_iso3": "AUS",
      "highest_price_usd_per_ton": 262666.6666666667,
      "lowest_price_importer_iso3": "OMN",
      "lowest_price_usd_per_ton": 11.76470588235294,
      "median_price_across_markets": 4888.378502526412,
      "price_spread_pct": 5373.047562193456,
      "avg_quantity_metric_tons": 168.31497051597054,
      "total_trade_value_usd": 137572357
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 38260966.401921354,
        "active_destinations": 97,
        "yoy_growth_pct": 111.66649000148622
      },
      {
        "year": 2011,
        "export_value_usd": 35868761.72855874,
        "active_destinations": 90,
        "yoy_growth_pct": -6.2523372991500885
      },
      {
        "year": 2012,
        "export_value_usd": 22532707.540688742,
        "active_destinations": 96,
        "yoy_growth_pct": -37.18013543035644
      },
      {
        "year": 2013,
        "export_value_usd": 19311890.931026768,
        "active_destinations": 100,
        "yoy_growth_pct": -14.293961805725925
      },
      {
        "year": 2014,
        "export_value_usd": 28512547.67512788,
        "active_destinations": 99,
        "yoy_growth_pct": 47.6424435958221
      },
      {
        "year": 2015,
        "export_value_usd": 16460942.415762857,
        "active_destinations": 98,
        "yoy_growth_pct": -42.2677250615451
      },
      {
        "year": 2016,
        "export_value_usd": 10743238.093176289,
        "active_destinations": 103,
        "yoy_growth_pct": -34.73497554496846
      },
      {
        "year": 2017,
        "export_value_usd": 17232158.655208353,
        "active_destinations": 94,
        "yoy_growth_pct": 60.40004424879674
      },
      {
        "year": 2018,
        "export_value_usd": 14766506.899830388,
        "active_destinations": 98,
        "yoy_growth_pct": -14.308432302140691
      },
      {
        "year": 2019,
        "export_value_usd": 11719933.937146638,
        "active_destinations": 84,
        "yoy_growth_pct": -20.631642834357418
      },
      {
        "year": 2020,
        "export_value_usd": 8545436.554986816,
        "active_destinations": 83,
        "yoy_growth_pct": -27.086307816959355
      },
      {
        "year": 2021,
        "export_value_usd": 12703161.143427402,
        "active_destinations": 80,
        "yoy_growth_pct": 48.65432633765544
      },
      {
        "year": 2022,
        "export_value_usd": 55230416.31147762,
        "active_destinations": 88,
        "yoy_growth_pct": 334.7769479414481
      },
      {
        "year": 2023,
        "export_value_usd": 31863678.196588002,
        "active_destinations": 82,
        "yoy_growth_pct": -42.30773489576919
      },
      {
        "year": 2024,
        "export_value_usd": 24489307.992165312,
        "active_destinations": 86,
        "yoy_growth_pct": -23.14349950098462
      }
    ],
    "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": "390939",
    "hs_description": "Amino-resins: n.e.c. in heading no. 3909, in primary forms, other than poly(methylene phenyl isocyanate) (Crude MDI, polymeric MDI)",
    "hs_chapter": 39,
    "hs_heading": 3909
  },
  "destinations": [
    {
      "hs_code": 390939,
      "corridor_rank": 8,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 9224856.496377775,
      "exports_all_year_avg_usd": 3003124.8821062064,
      "exports_avg_3y_usd": 11092185.495561114,
      "exports_avg_5y_usd": 7557890.345933164,
      "exports_avg_10y_usd": 5222449.700734917,
      "exports_cagr_3y_pct": 52.69365075845247,
      "exports_cagr_5y_pct": 24.668493496419195,
      "exports_cagr_10y_pct": 12.916707875230959,
      "exports_historical_peak_usd": 15707252.145513622,
      "buyer_imports_latest_observed_usd": 53153660.736695856,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": 39.77694288322151,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 1.9362,
      "buyer_yoy_all_avg_pct": 12.5547,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 17.355072761732064,
      "market_share_change_1y_pp": 1.3523882771734463,
      "peer_best_share_pct": 23.720440383768004,
      "peer_top_exporter": "GBR",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 1545.72,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.1147322007761118,
      "max_drawdown_pct": 53.59098531875537,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 390939,
      "corridor_rank": 29,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2764950.61046745,
      "exports_all_year_avg_usd": 1726057.6076687858,
      "exports_avg_3y_usd": 13046951.879766108,
      "exports_avg_5y_usd": 7967167.336144145,
      "exports_avg_10y_usd": 4180175.777653466,
      "exports_cagr_3y_pct": 81.25077682204073,
      "exports_cagr_5y_pct": 41.70686331441553,
      "exports_cagr_10y_pct": 22.269130077320078,
      "exports_historical_peak_usd": 25781440.4900254,
      "buyer_imports_latest_observed_usd": 17303395.310736455,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": 58.981646744720656,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -27.5912,
      "buyer_yoy_all_avg_pct": 13.5286,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 15.979237374018998,
      "market_share_change_1y_pp": -28.354985378683303,
      "peer_best_share_pct": 37.515346758429004,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 31,
      "buyer_market_hhi": 2408.25,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 3.025959337176138,
      "max_drawdown_pct": 89.27542232740183,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 390939,
      "corridor_rank": 38,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 1661595.5440512428,
      "exports_all_year_avg_usd": 623807.289457163,
      "exports_avg_3y_usd": 1617540.1320281485,
      "exports_avg_5y_usd": 1271860.4751676086,
      "exports_avg_10y_usd": 1030177.9383444369,
      "exports_cagr_3y_pct": 30.536171064969132,
      "exports_cagr_5y_pct": 13.163474090877504,
      "exports_cagr_10y_pct": 7.9985053688718555,
      "exports_historical_peak_usd": 1661595.5440512428,
      "buyer_imports_latest_observed_usd": 17312722.353343174,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 22.537665696097278,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -13.0463,
      "buyer_yoy_all_avg_pct": 27.8377,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 9.597540526203726,
      "market_share_change_1y_pp": 1.500507953669933,
      "peer_best_share_pct": 36.78433386689326,
      "peer_top_exporter": "HUN",
      "supplier_count_latest": 24,
      "buyer_market_hhi": 2272.2,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.7661862550014037,
      "max_drawdown_pct": 88.35957117470994,
      "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": 390939,
      "corridor_rank": 72,
      "exporter_iso3": "BEL",
      "importer_iso3": "POL",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 543936.5247407712,
      "exports_all_year_avg_usd": 385496.33357895026,
      "exports_avg_3y_usd": 530130.1998818538,
      "exports_avg_5y_usd": 530370.3536968572,
      "exports_avg_10y_usd": 528193.7287172081,
      "exports_cagr_3y_pct": -7.856869780522969,
      "exports_cagr_5y_pct": 22.461713562380293,
      "exports_cagr_10y_pct": 0.20379695472119153,
      "exports_historical_peak_usd": 825347.8486036352,
      "buyer_imports_latest_observed_usd": 31762848.420127198,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 54.166666666666664,
      "trend_acceleration_pct": -8.06066673524416,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -14.328,
      "buyer_yoy_all_avg_pct": 62.0956,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 1.7124929022300603,
      "market_share_change_1y_pp": 0.5189569525262858,
      "peer_best_share_pct": 51.05643899129193,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 25,
      "buyer_market_hhi": 3242.94,
      "distance_km": 1160.6441650390625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.08183472355387879,
      "tariff_advantage_pp": 0.046077346169494965,
      "volatility_cv": 0.6332241022654183,
      "max_drawdown_pct": 94.1052458162369,
      "attention_level": "Watch",
      "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": 390939,
      "corridor_rank": 98,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 278323.2205711453,
      "exports_all_year_avg_usd": 213360.41659271222,
      "exports_avg_3y_usd": 246669.27892840744,
      "exports_avg_5y_usd": 215609.12287096688,
      "exports_avg_10y_usd": 397696.9146588241,
      "exports_cagr_3y_pct": 3.5301472355318886,
      "exports_cagr_5y_pct": 285.9431119762557,
      "exports_cagr_10y_pct": -4.861820850210908,
      "exports_historical_peak_usd": 1932423.427567849,
      "buyer_imports_latest_observed_usd": 14559317.659405595,
      "historical_peak_year": 2017,
      "positive_growth_year_share_pct": 54.166666666666664,
      "trend_acceleration_pct": 8.391968085742796,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 16.9508,
      "buyer_yoy_all_avg_pct": 15.1426,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 1.9116501685183247,
      "market_share_change_1y_pp": -0.15340382660081509,
      "peer_best_share_pct": 32.72761730946156,
      "peer_top_exporter": "CAN",
      "supplier_count_latest": 28,
      "buyer_market_hhi": 1826.03,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.7667619150574858,
      "max_drawdown_pct": 99.98317981859658,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 390939,
    "num_markets": 119,
    "highest_price_importer_iso3": "AUS",
    "highest_price_usd_per_ton": 262666.6666666667,
    "lowest_price_importer_iso3": "OMN",
    "lowest_price_usd_per_ton": 11.76470588235294,
    "median_price_across_markets": 4888.378502526412,
    "price_spread_pct": 5373.047562193456,
    "avg_quantity_metric_tons": 168.31497051597054,
    "total_trade_value_usd": 137572357
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 38260966.401921354,
      "active_destinations": 97,
      "yoy_growth_pct": 111.66649000148622
    },
    {
      "year": 2011,
      "export_value_usd": 35868761.72855874,
      "active_destinations": 90,
      "yoy_growth_pct": -6.2523372991500885
    },
    {
      "year": 2012,
      "export_value_usd": 22532707.540688742,
      "active_destinations": 96,
      "yoy_growth_pct": -37.18013543035644
    },
    {
      "year": 2013,
      "export_value_usd": 19311890.931026768,
      "active_destinations": 100,
      "yoy_growth_pct": -14.293961805725925
    },
    {
      "year": 2014,
      "export_value_usd": 28512547.67512788,
      "active_destinations": 99,
      "yoy_growth_pct": 47.6424435958221
    },
    {
      "year": 2015,
      "export_value_usd": 16460942.415762857,
      "active_destinations": 98,
      "yoy_growth_pct": -42.2677250615451
    },
    {
      "year": 2016,
      "export_value_usd": 10743238.093176289,
      "active_destinations": 103,
      "yoy_growth_pct": -34.73497554496846
    },
    {
      "year": 2017,
      "export_value_usd": 17232158.655208353,
      "active_destinations": 94,
      "yoy_growth_pct": 60.40004424879674
    },
    {
      "year": 2018,
      "export_value_usd": 14766506.899830388,
      "active_destinations": 98,
      "yoy_growth_pct": -14.308432302140691
    },
    {
      "year": 2019,
      "export_value_usd": 11719933.937146638,
      "active_destinations": 84,
      "yoy_growth_pct": -20.631642834357418
    },
    {
      "year": 2020,
      "export_value_usd": 8545436.554986816,
      "active_destinations": 83,
      "yoy_growth_pct": -27.086307816959355
    },
    {
      "year": 2021,
      "export_value_usd": 12703161.143427402,
      "active_destinations": 80,
      "yoy_growth_pct": 48.65432633765544
    },
    {
      "year": 2022,
      "export_value_usd": 55230416.31147762,
      "active_destinations": 88,
      "yoy_growth_pct": 334.7769479414481
    },
    {
      "year": 2023,
      "export_value_usd": 31863678.196588002,
      "active_destinations": 82,
      "yoy_growth_pct": -42.30773489576919
    },
    {
      "year": 2024,
      "export_value_usd": 24489307.992165312,
      "active_destinations": 86,
      "yoy_growth_pct": -23.14349950098462
    }
  ],
  "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
  }
}
```
