{
  "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/440140",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/440140",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/440140",
    "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": "440140",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 111,
    "current_lane_count": 61,
    "active_market_count": 61,
    "exports_latest_observed_lanes_usd": 30287887.624820013,
    "exports_current_2024_usd": 30167875.242385965,
    "exports_avg_3y_usd": 39420310.37819599,
    "exports_avg_5y_usd": 42176387.96431936,
    "exports_avg_10y_usd": 39560771.234977596,
    "exports_cagr_3y_pct": -16.146275711706547,
    "exports_cagr_5y_pct": -4.502049532762342,
    "exports_cagr_10y_pct": -0.47470051143105874,
    "exports_all_year_lane_avg_usd": 26431662.01858388,
    "exports_historical_lane_peak_usd": 62549540.40460144,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 64,
    "trend_acceleration_pct": -15.671575200275488,
    "trend_label": "Rapid decline",
    "top_market_iso3": "DEU",
    "top_market_exports_usd": 12516416.609859318,
    "top_market_share_pct": 41.32482517401607,
    "destination_hhi": 2798.0550051410464,
    "weighted_share_latest_pct": 17.895055274081432,
    "weighted_share_change_1y_pp": -4.547213656141592,
    "weighted_volatility_cv": 0.777442247401172,
    "weighted_max_drawdown_pct": 55.91947741854493,
    "limited_history_lane_share_pct": 36.03603603603604,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 440140,
      "hs_description": "Wood: for fuel, sawdust and wood waste and scrap, not agglomerated",
      "hs_chapter": 44,
      "hs_heading": 4401,
      "substitution_elasticity": null,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Wood: for fuel, sawdust and wood waste and scrap, not agglomerated",
    "hs_chapter": 44,
    "hs_heading": 4401,
    "destinations": [
      {
        "hs_code": 440140,
        "corridor_rank": 12,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 12516416.609859318,
        "exports_all_year_avg_usd": 10563793.284989787,
        "exports_avg_3y_usd": 15668657.553657567,
        "exports_avg_5y_usd": 16541972.508158887,
        "exports_avg_10y_usd": 16905545.799829446,
        "exports_cagr_3y_pct": -13.054850639442472,
        "exports_cagr_5y_pct": -4.7009373460143,
        "exports_cagr_10y_pct": -1.1278718964840673,
        "exports_historical_peak_usd": 20279228.892111827,
        "buyer_imports_latest_observed_usd": 74605720.78953545,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -11.926978742958404,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -17.7205,
        "buyer_yoy_all_avg_pct": 7.7275,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 16.77675180589493,
        "market_share_change_1y_pp": 1.0285423053655531,
        "peer_best_share_pct": 26.72492417951406,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 48,
        "buyer_market_hhi": 1516.38,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5575654170188122,
        "max_drawdown_pct": 38.80347353895783,
        "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"
      },
      {
        "hs_code": 440140,
        "corridor_rank": 18,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 8653299.337525316,
        "exports_all_year_avg_usd": 6434752.322526389,
        "exports_avg_3y_usd": 8882003.027370077,
        "exports_avg_5y_usd": 9429616.015792925,
        "exports_avg_10y_usd": 7942272.265611267,
        "exports_cagr_3y_pct": -7.5317888632884795,
        "exports_cagr_5y_pct": 6.492636269615226,
        "exports_cagr_10y_pct": 4.554909423336051,
        "exports_historical_peak_usd": 11889717.256583957,
        "buyer_imports_latest_observed_usd": 37804649.27526108,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 68,
        "trend_acceleration_pct": -12.08669828662453,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 11.4473,
        "buyer_yoy_all_avg_pct": 11.2184,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 22.889510955436723,
        "market_share_change_1y_pp": -12.161122028668242,
        "peer_best_share_pct": 55.8502981550763,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 32,
        "buyer_market_hhi": 3743.13,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.39758988469806367,
        "max_drawdown_pct": 50.228752030182754,
        "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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 440140,
        "corridor_rank": 36,
        "exporter_iso3": "BEL",
        "importer_iso3": "FIN",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 3494543.4197375583,
        "exports_all_year_avg_usd": 393197.7670202058,
        "exports_avg_3y_usd": 2770560.5247855894,
        "exports_avg_5y_usd": 1827948.5917460104,
        "exports_avg_10y_usd": 977050.0672127055,
        "exports_cagr_3y_pct": 69.77724671740928,
        "exports_cagr_5y_pct": 40.970916447887284,
        "exports_cagr_10y_pct": 118.81762699181505,
        "exports_historical_peak_usd": 3709835.6058308277,
        "buyer_imports_latest_observed_usd": 20701584.19234828,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 58.333333333333336,
        "trend_acceleration_pct": -49.04038027440576,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 24.5416,
        "buyer_yoy_all_avg_pct": 11.6077,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 16.880560382568266,
        "market_share_change_1y_pp": -5.437968559276673,
        "peer_best_share_pct": 41.94001047611431,
        "peer_top_exporter": "SWE",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 3177.49,
        "distance_km": 1651.581787109375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.03786010987878788,
        "tariff_advantage_pp": 0.03786010987878788,
        "volatility_cv": 2.5049677239521277,
        "max_drawdown_pct": 96.89037177166315,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 440140,
        "corridor_rank": 41,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 3309187.2761336104,
        "exports_all_year_avg_usd": 6287376.087949171,
        "exports_avg_3y_usd": 9048637.460515544,
        "exports_avg_5y_usd": 11376879.901901899,
        "exports_avg_10y_usd": 10736692.883552264,
        "exports_cagr_3y_pct": -42.5334961397547,
        "exports_cagr_5y_pct": -21.6184679222439,
        "exports_cagr_10y_pct": -9.27304299223356,
        "exports_historical_peak_usd": 17437210.752884246,
        "buyer_imports_latest_observed_usd": 26993014.65321048,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 72,
        "trend_acceleration_pct": -33.26045314752115,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -42.0473,
        "buyer_yoy_all_avg_pct": 9.6069,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 12.259420885914368,
        "market_share_change_1y_pp": -5.08094894130547,
        "peer_best_share_pct": 34.737406565004015,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 45,
        "buyer_market_hhi": 1966.63,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.7747402932495138,
        "max_drawdown_pct": 81.02226713302616,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 440140,
      "num_markets": 85,
      "highest_price_importer_iso3": "ZAF",
      "highest_price_usd_per_ton": 44333.333333333336,
      "lowest_price_importer_iso3": "SWE",
      "lowest_price_usd_per_ton": 11.788750030976992,
      "median_price_across_markets": 544.1507311586051,
      "price_spread_pct": 8145.085919288022,
      "avg_quantity_metric_tons": 4679.365381877023,
      "total_trade_value_usd": 182676217
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 16658919.469302047,
        "active_destinations": 54,
        "yoy_growth_pct": -24.70509745545523
      },
      {
        "year": 2011,
        "export_value_usd": 22097208.072283775,
        "active_destinations": 55,
        "yoy_growth_pct": 32.644906009678756
      },
      {
        "year": 2012,
        "export_value_usd": 35457049.94829839,
        "active_destinations": 62,
        "yoy_growth_pct": 60.4594111270178
      },
      {
        "year": 2013,
        "export_value_usd": 27513437.93437246,
        "active_destinations": 57,
        "yoy_growth_pct": -22.403476954537638
      },
      {
        "year": 2014,
        "export_value_usd": 31638056.1262368,
        "active_destinations": 61,
        "yoy_growth_pct": 14.99128608246906
      },
      {
        "year": 2015,
        "export_value_usd": 32072665.896720763,
        "active_destinations": 63,
        "yoy_growth_pct": 1.3736930257341256
      },
      {
        "year": 2016,
        "export_value_usd": 38372595.857264444,
        "active_destinations": 64,
        "yoy_growth_pct": 19.642676355094668
      },
      {
        "year": 2017,
        "export_value_usd": 34549071.68031231,
        "active_destinations": 66,
        "yoy_growth_pct": -9.96420516134638
      },
      {
        "year": 2018,
        "export_value_usd": 41749733.06334211,
        "active_destinations": 65,
        "yoy_growth_pct": 20.84183751638419
      },
      {
        "year": 2019,
        "export_value_usd": 37981706.03053955,
        "active_destinations": 62,
        "yoy_growth_pct": -9.025272154640513
      },
      {
        "year": 2020,
        "export_value_usd": 41455457.74667568,
        "active_destinations": 61,
        "yoy_growth_pct": 9.145854884304104
      },
      {
        "year": 2021,
        "export_value_usd": 51165550.94033319,
        "active_destinations": 63,
        "yoy_growth_pct": 23.422954953226068
      },
      {
        "year": 2022,
        "export_value_usd": 46766164.55192799,
        "active_destinations": 67,
        "yoy_growth_pct": -8.598336786279406
      },
      {
        "year": 2023,
        "export_value_usd": 41326891.34027402,
        "active_destinations": 65,
        "yoy_growth_pct": -11.630787480154238
      },
      {
        "year": 2024,
        "export_value_usd": 30167875.24238596,
        "active_destinations": 61,
        "yoy_growth_pct": -27.001827952670947
      }
    ],
    "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": "440140",
    "hs_description": "Wood: for fuel, sawdust and wood waste and scrap, not agglomerated",
    "hs_chapter": 44,
    "hs_heading": 4401
  },
  "destinations": [
    {
      "hs_code": 440140,
      "corridor_rank": 12,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 12516416.609859318,
      "exports_all_year_avg_usd": 10563793.284989787,
      "exports_avg_3y_usd": 15668657.553657567,
      "exports_avg_5y_usd": 16541972.508158887,
      "exports_avg_10y_usd": 16905545.799829446,
      "exports_cagr_3y_pct": -13.054850639442472,
      "exports_cagr_5y_pct": -4.7009373460143,
      "exports_cagr_10y_pct": -1.1278718964840673,
      "exports_historical_peak_usd": 20279228.892111827,
      "buyer_imports_latest_observed_usd": 74605720.78953545,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -11.926978742958404,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -17.7205,
      "buyer_yoy_all_avg_pct": 7.7275,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 16.77675180589493,
      "market_share_change_1y_pp": 1.0285423053655531,
      "peer_best_share_pct": 26.72492417951406,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 48,
      "buyer_market_hhi": 1516.38,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.5575654170188122,
      "max_drawdown_pct": 38.80347353895783,
      "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"
    },
    {
      "hs_code": 440140,
      "corridor_rank": 18,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 8653299.337525316,
      "exports_all_year_avg_usd": 6434752.322526389,
      "exports_avg_3y_usd": 8882003.027370077,
      "exports_avg_5y_usd": 9429616.015792925,
      "exports_avg_10y_usd": 7942272.265611267,
      "exports_cagr_3y_pct": -7.5317888632884795,
      "exports_cagr_5y_pct": 6.492636269615226,
      "exports_cagr_10y_pct": 4.554909423336051,
      "exports_historical_peak_usd": 11889717.256583957,
      "buyer_imports_latest_observed_usd": 37804649.27526108,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 68,
      "trend_acceleration_pct": -12.08669828662453,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 11.4473,
      "buyer_yoy_all_avg_pct": 11.2184,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 22.889510955436723,
      "market_share_change_1y_pp": -12.161122028668242,
      "peer_best_share_pct": 55.8502981550763,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 32,
      "buyer_market_hhi": 3743.13,
      "distance_km": 173.03326416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.39758988469806367,
      "max_drawdown_pct": 50.228752030182754,
      "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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 440140,
      "corridor_rank": 36,
      "exporter_iso3": "BEL",
      "importer_iso3": "FIN",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 3494543.4197375583,
      "exports_all_year_avg_usd": 393197.7670202058,
      "exports_avg_3y_usd": 2770560.5247855894,
      "exports_avg_5y_usd": 1827948.5917460104,
      "exports_avg_10y_usd": 977050.0672127055,
      "exports_cagr_3y_pct": 69.77724671740928,
      "exports_cagr_5y_pct": 40.970916447887284,
      "exports_cagr_10y_pct": 118.81762699181505,
      "exports_historical_peak_usd": 3709835.6058308277,
      "buyer_imports_latest_observed_usd": 20701584.19234828,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 58.333333333333336,
      "trend_acceleration_pct": -49.04038027440576,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 24.5416,
      "buyer_yoy_all_avg_pct": 11.6077,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 16.880560382568266,
      "market_share_change_1y_pp": -5.437968559276673,
      "peer_best_share_pct": 41.94001047611431,
      "peer_top_exporter": "SWE",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 3177.49,
      "distance_km": 1651.581787109375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.03786010987878788,
      "tariff_advantage_pp": 0.03786010987878788,
      "volatility_cv": 2.5049677239521277,
      "max_drawdown_pct": 96.89037177166315,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 440140,
      "corridor_rank": 41,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 3309187.2761336104,
      "exports_all_year_avg_usd": 6287376.087949171,
      "exports_avg_3y_usd": 9048637.460515544,
      "exports_avg_5y_usd": 11376879.901901899,
      "exports_avg_10y_usd": 10736692.883552264,
      "exports_cagr_3y_pct": -42.5334961397547,
      "exports_cagr_5y_pct": -21.6184679222439,
      "exports_cagr_10y_pct": -9.27304299223356,
      "exports_historical_peak_usd": 17437210.752884246,
      "buyer_imports_latest_observed_usd": 26993014.65321048,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 72,
      "trend_acceleration_pct": -33.26045314752115,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -42.0473,
      "buyer_yoy_all_avg_pct": 9.6069,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 12.259420885914368,
      "market_share_change_1y_pp": -5.08094894130547,
      "peer_best_share_pct": 34.737406565004015,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 45,
      "buyer_market_hhi": 1966.63,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.7747402932495138,
      "max_drawdown_pct": 81.02226713302616,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 440140,
    "num_markets": 85,
    "highest_price_importer_iso3": "ZAF",
    "highest_price_usd_per_ton": 44333.333333333336,
    "lowest_price_importer_iso3": "SWE",
    "lowest_price_usd_per_ton": 11.788750030976992,
    "median_price_across_markets": 544.1507311586051,
    "price_spread_pct": 8145.085919288022,
    "avg_quantity_metric_tons": 4679.365381877023,
    "total_trade_value_usd": 182676217
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 16658919.469302047,
      "active_destinations": 54,
      "yoy_growth_pct": -24.70509745545523
    },
    {
      "year": 2011,
      "export_value_usd": 22097208.072283775,
      "active_destinations": 55,
      "yoy_growth_pct": 32.644906009678756
    },
    {
      "year": 2012,
      "export_value_usd": 35457049.94829839,
      "active_destinations": 62,
      "yoy_growth_pct": 60.4594111270178
    },
    {
      "year": 2013,
      "export_value_usd": 27513437.93437246,
      "active_destinations": 57,
      "yoy_growth_pct": -22.403476954537638
    },
    {
      "year": 2014,
      "export_value_usd": 31638056.1262368,
      "active_destinations": 61,
      "yoy_growth_pct": 14.99128608246906
    },
    {
      "year": 2015,
      "export_value_usd": 32072665.896720763,
      "active_destinations": 63,
      "yoy_growth_pct": 1.3736930257341256
    },
    {
      "year": 2016,
      "export_value_usd": 38372595.857264444,
      "active_destinations": 64,
      "yoy_growth_pct": 19.642676355094668
    },
    {
      "year": 2017,
      "export_value_usd": 34549071.68031231,
      "active_destinations": 66,
      "yoy_growth_pct": -9.96420516134638
    },
    {
      "year": 2018,
      "export_value_usd": 41749733.06334211,
      "active_destinations": 65,
      "yoy_growth_pct": 20.84183751638419
    },
    {
      "year": 2019,
      "export_value_usd": 37981706.03053955,
      "active_destinations": 62,
      "yoy_growth_pct": -9.025272154640513
    },
    {
      "year": 2020,
      "export_value_usd": 41455457.74667568,
      "active_destinations": 61,
      "yoy_growth_pct": 9.145854884304104
    },
    {
      "year": 2021,
      "export_value_usd": 51165550.94033319,
      "active_destinations": 63,
      "yoy_growth_pct": 23.422954953226068
    },
    {
      "year": 2022,
      "export_value_usd": 46766164.55192799,
      "active_destinations": 67,
      "yoy_growth_pct": -8.598336786279406
    },
    {
      "year": 2023,
      "export_value_usd": 41326891.34027402,
      "active_destinations": 65,
      "yoy_growth_pct": -11.630787480154238
    },
    {
      "year": 2024,
      "export_value_usd": 30167875.24238596,
      "active_destinations": 61,
      "yoy_growth_pct": -27.001827952670947
    }
  ],
  "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
  }
}