# Belgium HS 400121 exports | Yugalinks

Explore reported HS 400121 exports from Belgium: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | Belgium |
| HS6 | 400121 |
| Latest exports | $2.9M |
| Active destinations | 10 |
| Three-year growth | -44.5% |
| Destination HHI | 4,024 |
| Weighted share | 19.9% |

## Destination markets

- Germany: $908.8K; share 6.5%; growth +204.2%

## Price intelligence

- Highest reported market price: Russia at $242.0K / ton.
- Lowest reported market price: Angola at $1.3K / ton.
- Median reported price: $2.5K / ton.
- Price spread: 9,763.8%.

## Export history

- 2010: $287.2K
- 2011: $2.4M
- 2012: $6.4M
- 2013: $495.3K
- 2014: $985.3K
- 2015: $4.7M
- 2016: $8.9M
- 2017: $9.3M
- 2018: $8.4M
- 2019: $2.2M
- 2020: $1.7M
- 2021: $10.0M
- 2022: $7.4M
- 2023: $5.7M
- 2024: $1.7M

## 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/400121",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/400121",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/400121",
    "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": "400121",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 57,
    "current_lane_count": 10,
    "active_market_count": 10,
    "exports_latest_observed_lanes_usd": 2932564.5632828837,
    "exports_current_2024_usd": 1707905.8812386757,
    "exports_avg_3y_usd": 4940901.589563225,
    "exports_avg_5y_usd": 5299699.016066399,
    "exports_avg_10y_usd": 6007356.517752456,
    "exports_cagr_3y_pct": -44.467791425044986,
    "exports_cagr_5y_pct": -5.289483111743676,
    "exports_cagr_10y_pct": 5.654383391821005,
    "exports_all_year_lane_avg_usd": 3781077.0765690943,
    "exports_historical_lane_peak_usd": 13972479.184455166,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": -50.12217481686599,
    "trend_label": "Rapid decline",
    "top_market_iso3": "LUX",
    "top_market_exports_usd": 1616583.6627390771,
    "top_market_share_pct": 55.12525394937525,
    "destination_hhi": 4024.4623229832387,
    "weighted_share_latest_pct": 19.91487892904679,
    "weighted_share_change_1y_pp": -4.367760785500093,
    "weighted_volatility_cv": 1.1505851107347334,
    "weighted_max_drawdown_pct": 94.35314133928524,
    "limited_history_lane_share_pct": 66.66666666666667,
    "data_freshness_years": 0,
    "coverage_score": 75,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 400121,
      "hs_description": "Rubber: natural (excluding latex), in smoked sheets",
      "hs_chapter": 40,
      "hs_heading": 4001,
      "substitution_elasticity": -22.648289,
      "price_range_label": "High price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Rubber: natural (excluding latex), in smoked sheets",
    "hs_chapter": 40,
    "hs_heading": 4001,
    "destinations": [
      {
        "hs_code": 400121,
        "corridor_rank": 83,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2023,
        "lane_data_years": 16,
        "exports_latest_observed_usd": 908833.1492963491,
        "exports_all_year_avg_usd": 446981.1489694619,
        "exports_avg_3y_usd": 1301776.1022744195,
        "exports_avg_5y_usd": 984404.36351189,
        "exports_avg_10y_usd": 668014.2561564642,
        "exports_cagr_3y_pct": 204.18831561524357,
        "exports_cagr_5y_pct": 134.87093411978876,
        "exports_cagr_10y_pct": 9.797616056086689,
        "exports_historical_peak_usd": 1898146.0058480168,
        "buyer_imports_latest_observed_usd": 13714248.600985885,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": 194.39069955915687,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -2.471,
        "buyer_yoy_all_avg_pct": 1.358,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 6.463173906376516,
        "market_share_change_1y_pp": -0.7990964438348351,
        "peer_best_share_pct": 32.69935295552112,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 17,
        "buyer_market_hhi": 2279.74,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.1740755421278235,
        "max_drawdown_pct": 98.89772101707774,
        "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": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 400121,
      "num_markets": 24,
      "highest_price_importer_iso3": "RUS",
      "highest_price_usd_per_ton": 242000,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 1289.6965419901198,
      "median_price_across_markets": 2465.3333333333335,
      "price_spread_pct": 9763.803547512569,
      "avg_quantity_metric_tons": 344.4650967741934,
      "total_trade_value_usd": 42548117
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 287240.58102887886,
        "active_destinations": 13,
        "yoy_growth_pct": 206.97332076093588
      },
      {
        "year": 2011,
        "export_value_usd": 2412007.5626860866,
        "active_destinations": 14,
        "yoy_growth_pct": 739.716851305069
      },
      {
        "year": 2012,
        "export_value_usd": 6379474.95488142,
        "active_destinations": 14,
        "yoy_growth_pct": 164.48818210905768
      },
      {
        "year": 2013,
        "export_value_usd": 495278.9262145594,
        "active_destinations": 11,
        "yoy_growth_pct": -92.23636851437776
      },
      {
        "year": 2014,
        "export_value_usd": 985345.9507663428,
        "active_destinations": 17,
        "yoy_growth_pct": 98.94768354013954
      },
      {
        "year": 2015,
        "export_value_usd": 4665812.478569735,
        "active_destinations": 13,
        "yoy_growth_pct": 373.52023671898655
      },
      {
        "year": 2016,
        "export_value_usd": 8914412.644770486,
        "active_destinations": 12,
        "yoy_growth_pct": 91.05809943530187
      },
      {
        "year": 2017,
        "export_value_usd": 9334252.338618124,
        "active_destinations": 15,
        "yoy_growth_pct": 4.709673094322492
      },
      {
        "year": 2018,
        "export_value_usd": 8419432.442273574,
        "active_destinations": 12,
        "yoy_growth_pct": -9.800676724366154
      },
      {
        "year": 2019,
        "export_value_usd": 2241160.192960637,
        "active_destinations": 15,
        "yoy_growth_pct": -73.38110129956175
      },
      {
        "year": 2020,
        "export_value_usd": 1702715.0709598477,
        "active_destinations": 14,
        "yoy_growth_pct": -24.025284925728045
      },
      {
        "year": 2021,
        "export_value_usd": 9973075.240682475,
        "active_destinations": 13,
        "yoy_growth_pct": 485.7160373321001
      },
      {
        "year": 2022,
        "export_value_usd": 7430190.2106444435,
        "active_destinations": 11,
        "yoy_growth_pct": -25.497501710054454
      },
      {
        "year": 2023,
        "export_value_usd": 5684608.676806556,
        "active_destinations": 11,
        "yoy_growth_pct": -23.493093505697583
      },
      {
        "year": 2024,
        "export_value_usd": 1707905.8812386754,
        "active_destinations": 10,
        "yoy_growth_pct": -69.95561210383744
      }
    ],
    "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": "400121",
    "hs_description": "Rubber: natural (excluding latex), in smoked sheets",
    "hs_chapter": 40,
    "hs_heading": 4001
  },
  "destinations": [
    {
      "hs_code": 400121,
      "corridor_rank": 83,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2023,
      "lane_data_years": 16,
      "exports_latest_observed_usd": 908833.1492963491,
      "exports_all_year_avg_usd": 446981.1489694619,
      "exports_avg_3y_usd": 1301776.1022744195,
      "exports_avg_5y_usd": 984404.36351189,
      "exports_avg_10y_usd": 668014.2561564642,
      "exports_cagr_3y_pct": 204.18831561524357,
      "exports_cagr_5y_pct": 134.87093411978876,
      "exports_cagr_10y_pct": 9.797616056086689,
      "exports_historical_peak_usd": 1898146.0058480168,
      "buyer_imports_latest_observed_usd": 13714248.600985885,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": 194.39069955915687,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -2.471,
      "buyer_yoy_all_avg_pct": 1.358,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 6.463173906376516,
      "market_share_change_1y_pp": -0.7990964438348351,
      "peer_best_share_pct": 32.69935295552112,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 17,
      "buyer_market_hhi": 2279.74,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.1740755421278235,
      "max_drawdown_pct": 98.89772101707774,
      "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": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 400121,
    "num_markets": 24,
    "highest_price_importer_iso3": "RUS",
    "highest_price_usd_per_ton": 242000,
    "lowest_price_importer_iso3": "AGO",
    "lowest_price_usd_per_ton": 1289.6965419901198,
    "median_price_across_markets": 2465.3333333333335,
    "price_spread_pct": 9763.803547512569,
    "avg_quantity_metric_tons": 344.4650967741934,
    "total_trade_value_usd": 42548117
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 287240.58102887886,
      "active_destinations": 13,
      "yoy_growth_pct": 206.97332076093588
    },
    {
      "year": 2011,
      "export_value_usd": 2412007.5626860866,
      "active_destinations": 14,
      "yoy_growth_pct": 739.716851305069
    },
    {
      "year": 2012,
      "export_value_usd": 6379474.95488142,
      "active_destinations": 14,
      "yoy_growth_pct": 164.48818210905768
    },
    {
      "year": 2013,
      "export_value_usd": 495278.9262145594,
      "active_destinations": 11,
      "yoy_growth_pct": -92.23636851437776
    },
    {
      "year": 2014,
      "export_value_usd": 985345.9507663428,
      "active_destinations": 17,
      "yoy_growth_pct": 98.94768354013954
    },
    {
      "year": 2015,
      "export_value_usd": 4665812.478569735,
      "active_destinations": 13,
      "yoy_growth_pct": 373.52023671898655
    },
    {
      "year": 2016,
      "export_value_usd": 8914412.644770486,
      "active_destinations": 12,
      "yoy_growth_pct": 91.05809943530187
    },
    {
      "year": 2017,
      "export_value_usd": 9334252.338618124,
      "active_destinations": 15,
      "yoy_growth_pct": 4.709673094322492
    },
    {
      "year": 2018,
      "export_value_usd": 8419432.442273574,
      "active_destinations": 12,
      "yoy_growth_pct": -9.800676724366154
    },
    {
      "year": 2019,
      "export_value_usd": 2241160.192960637,
      "active_destinations": 15,
      "yoy_growth_pct": -73.38110129956175
    },
    {
      "year": 2020,
      "export_value_usd": 1702715.0709598477,
      "active_destinations": 14,
      "yoy_growth_pct": -24.025284925728045
    },
    {
      "year": 2021,
      "export_value_usd": 9973075.240682475,
      "active_destinations": 13,
      "yoy_growth_pct": 485.7160373321001
    },
    {
      "year": 2022,
      "export_value_usd": 7430190.2106444435,
      "active_destinations": 11,
      "yoy_growth_pct": -25.497501710054454
    },
    {
      "year": 2023,
      "export_value_usd": 5684608.676806556,
      "active_destinations": 11,
      "yoy_growth_pct": -23.493093505697583
    },
    {
      "year": 2024,
      "export_value_usd": 1707905.8812386754,
      "active_destinations": 10,
      "yoy_growth_pct": -69.95561210383744
    }
  ],
  "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
  }
}
```