{
  "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/711021",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/711021",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/711021",
    "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": "711021",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 50,
    "current_lane_count": 16,
    "active_market_count": 16,
    "exports_latest_observed_lanes_usd": 538198269.9805828,
    "exports_current_2024_usd": 520620257.6148338,
    "exports_avg_3y_usd": 1056894260.3782247,
    "exports_avg_5y_usd": 1326635050.3826668,
    "exports_avg_10y_usd": 914098321.1415838,
    "exports_cagr_3y_pct": -33.570080277196624,
    "exports_cagr_5y_pct": -15.822739330295343,
    "exports_cagr_10y_pct": 6.199855168343049,
    "exports_all_year_lane_avg_usd": 530199475.48185265,
    "exports_historical_lane_peak_usd": 2147947154.402135,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 52,
    "trend_acceleration_pct": -39.76993544553967,
    "trend_label": "Rapid decline",
    "top_market_iso3": "DEU",
    "top_market_exports_usd": 161504845.0159525,
    "top_market_share_pct": 30.008428868004216,
    "destination_hhi": 1989.621539266542,
    "weighted_share_latest_pct": 11.939629590435633,
    "weighted_share_change_1y_pp": -0.5403878840571684,
    "weighted_volatility_cv": 1.1974930113331115,
    "weighted_max_drawdown_pct": 89.97346039017965,
    "limited_history_lane_share_pct": 56,
    "data_freshness_years": 0,
    "coverage_score": 78,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 711021,
      "hs_description": "Metals: palladium, unwrought or in powder form",
      "hs_chapter": 71,
      "hs_heading": 7110,
      "substitution_elasticity": -22.306328,
      "price_range_label": "High price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Metals: palladium, unwrought or in powder form",
    "hs_chapter": 71,
    "hs_heading": 7110,
    "destinations": [
      {
        "hs_code": 711021,
        "corridor_rank": 28,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 161504845.0159525,
        "exports_all_year_avg_usd": 228374343.57310772,
        "exports_avg_3y_usd": 387139091.75747705,
        "exports_avg_5y_usd": 492836989.29209864,
        "exports_avg_10y_usd": 405104457.11866075,
        "exports_cagr_3y_pct": -37.43187477978631,
        "exports_cagr_5y_pct": -27.382264387715093,
        "exports_cagr_10y_pct": -2.2900144918627907,
        "exports_historical_peak_usd": 799782768.4599932,
        "buyer_imports_latest_observed_usd": 1964870698.0599794,
        "historical_peak_year": 2019,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -35.14186028792352,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -27.9058,
        "buyer_yoy_all_avg_pct": 20.9509,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 8.21961695369648,
        "market_share_change_1y_pp": -4.613787201495333,
        "peer_best_share_pct": 26.29569733196357,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 78,
        "buyer_market_hhi": 1439.22,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.9398669200663949,
        "max_drawdown_pct": 79.80641101746477,
        "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"
      },
      {
        "hs_code": 711021,
        "corridor_rank": 29,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 153881381.71686402,
        "exports_all_year_avg_usd": 93595766.91454546,
        "exports_avg_3y_usd": 262300164.68851897,
        "exports_avg_5y_usd": 342958980.1595672,
        "exports_avg_10y_usd": 218211076.76001507,
        "exports_cagr_3y_pct": -31.36487959545271,
        "exports_cagr_5y_pct": -7.148589355801171,
        "exports_cagr_10y_pct": 22.024006268814865,
        "exports_historical_peak_usd": 475934160.34716517,
        "buyer_imports_latest_observed_usd": 895304841.9182606,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": -53.38888586426758,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -37.6843,
        "buyer_yoy_all_avg_pct": 33.2552,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 17.187596281414173,
        "market_share_change_1y_pp": -2.1496134448313775,
        "peer_best_share_pct": 38.88949140722433,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 22,
        "buyer_market_hhi": 2273.52,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.4877017615366064,
        "max_drawdown_pct": 98.46898264190824,
        "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": 711021,
        "corridor_rank": 47,
        "exporter_iso3": "BEL",
        "importer_iso3": "KOR",
        "latest_data_year": 2024,
        "lane_data_years": 18,
        "exports_latest_observed_usd": 62094755.82240144,
        "exports_all_year_avg_usd": 36177866.92647719,
        "exports_avg_3y_usd": 75817013.8377659,
        "exports_avg_5y_usd": 110938098.91025424,
        "exports_avg_10y_usd": 60078707.3415478,
        "exports_cagr_3y_pct": -31.269293972620037,
        "exports_cagr_5y_pct": 24.14933656166067,
        "exports_cagr_10y_pct": 9.282071833708816,
        "exports_historical_peak_usd": 191250468.68777803,
        "buyer_imports_latest_observed_usd": 404021818.3595885,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 58.8235294117647,
        "trend_acceleration_pct": -40.55136580632885,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -46.873,
        "buyer_yoy_all_avg_pct": 29.9249,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 15.369159040598076,
        "market_share_change_1y_pp": 5.949953310430454,
        "peer_best_share_pct": 22.23434223239489,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 1523.65,
        "distance_km": 8722.1142578125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.13695644286262626,
        "tariff_advantage_pp": 0.11067370517943839,
        "volatility_cv": 1.4725722743793337,
        "max_drawdown_pct": 99.99461729655962,
        "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": 711021,
        "corridor_rank": 52,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 47458782.707752034,
        "exports_all_year_avg_usd": 71218456.9959951,
        "exports_avg_3y_usd": 143965995.5723004,
        "exports_avg_5y_usd": 165962948.43749142,
        "exports_avg_10y_usd": 94875727.68519661,
        "exports_cagr_3y_pct": -40.77985302868726,
        "exports_cagr_5y_pct": -12.414618063421024,
        "exports_cagr_10y_pct": 11.846095508831356,
        "exports_historical_peak_usd": 237040542.75499666,
        "buyer_imports_latest_observed_usd": 1575604239.8681893,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": -52.62594853751862,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -25.2466,
        "buyer_yoy_all_avg_pct": 15.0064,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 3.012100469577456,
        "market_share_change_1y_pp": -3.981121290257469,
        "peer_best_share_pct": 55.70736380307204,
        "peer_top_exporter": "RUS",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 4197.36,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0383812099568295,
        "max_drawdown_pct": 99.11717424840292,
        "attention_level": "Critical attention",
        "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']",
        "signal_flag": "Slowing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711021,
        "corridor_rank": 77,
        "exporter_iso3": "BEL",
        "importer_iso3": "BRA",
        "latest_data_year": 2024,
        "lane_data_years": 24,
        "exports_latest_observed_usd": 25409876.69199501,
        "exports_all_year_avg_usd": 13684177.421745129,
        "exports_avg_3y_usd": 41392140.20358596,
        "exports_avg_5y_usd": 37693818.06619964,
        "exports_avg_10y_usd": 28470847.9334246,
        "exports_cagr_3y_pct": -2.439638355930296,
        "exports_cagr_5y_pct": -0.8255602409076634,
        "exports_cagr_10y_pct": 20.473463303767847,
        "exports_historical_peak_usd": 57374679.73901567,
        "buyer_imports_latest_observed_usd": 281638642.0922886,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 52.17391304347826,
        "trend_acceleration_pct": -22.913101659698142,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -3.9284,
        "buyer_yoy_all_avg_pct": 23.2864,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 9.02215566132029,
        "market_share_change_1y_pp": -5.097288548264867,
        "peer_best_share_pct": 64.20502320459875,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 5,
        "buyer_market_hhi": 4593,
        "distance_km": 9665.7216796875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.2883659997252525,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.1244660926217844,
        "max_drawdown_pct": 99.99601088789522,
        "attention_level": "Critical attention",
        "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','long_distance_without_fta']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711021,
        "corridor_rank": 87,
        "exporter_iso3": "BEL",
        "importer_iso3": "JPN",
        "latest_data_year": 2024,
        "lane_data_years": 20,
        "exports_latest_observed_usd": 20444546.71226934,
        "exports_all_year_avg_usd": 12131962.091819532,
        "exports_avg_3y_usd": 33776344.27988475,
        "exports_avg_5y_usd": 36911199.190946646,
        "exports_avg_10y_usd": 23120233.392475467,
        "exports_cagr_3y_pct": -34.14652415410784,
        "exports_cagr_5y_pct": -0.03314434482440953,
        "exports_cagr_10y_pct": 68.26009343497515,
        "exports_historical_peak_usd": 71588189.35216859,
        "buyer_imports_latest_observed_usd": 1281087102.8260665,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 36.8421052631579,
        "trend_acceleration_pct": -102.40661758908298,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -27.2338,
        "buyer_yoy_all_avg_pct": 14.8365,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 1.5958748368607303,
        "market_share_change_1y_pp": -1.0540904808210514,
        "peer_best_share_pct": 47.195322225963125,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 18,
        "buyer_market_hhi": 3178.09,
        "distance_km": 9463.2626953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.039966357792484856,
        "tariff_advantage_pp": 0.030413669105984857,
        "volatility_cv": 1.5161867070533401,
        "max_drawdown_pct": 99.11750190512002,
        "attention_level": "Critical attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','buyer_macro_weakness']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711021,
        "corridor_rank": 91,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 17260603.42996656,
        "exports_all_year_avg_usd": 6680981.514107296,
        "exports_avg_3y_usd": 20906401.116768543,
        "exports_avg_5y_usd": 16297464.832689678,
        "exports_avg_10y_usd": 14741302.66869478,
        "exports_cagr_3y_pct": 116.22931259110447,
        "exports_cagr_5y_pct": 36.962078300043544,
        "exports_cagr_10y_pct": 19.22543830142116,
        "exports_historical_peak_usd": 30974438.525836743,
        "buyer_imports_latest_observed_usd": 708399027.8069891,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 97.00387428968331,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -43.0397,
        "buyer_yoy_all_avg_pct": 19.6384,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 2.4365650928969655,
        "market_share_change_1y_pp": 0.7266744248356569,
        "peer_best_share_pct": 28.829671702069714,
        "peer_top_exporter": "RUS",
        "supplier_count_latest": 29,
        "buyer_market_hhi": 2060.91,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.2827834728585008,
        "max_drawdown_pct": 99.99946930292269,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711021,
        "corridor_rank": 97,
        "exporter_iso3": "BEL",
        "importer_iso3": "CAN",
        "latest_data_year": 2024,
        "lane_data_years": 10,
        "exports_latest_observed_usd": 12774055.731505401,
        "exports_all_year_avg_usd": 6788791.827431117,
        "exports_avg_3y_usd": 15826444.926392237,
        "exports_avg_5y_usd": 11869874.704294179,
        "exports_avg_10y_usd": 9896084.516092677,
        "exports_cagr_3y_pct": 4170.330093686249,
        "exports_cagr_5y_pct": 44.88374156016437,
        "exports_cagr_10y_pct": 202.57783842459207,
        "exports_historical_peak_usd": 24381005.529934123,
        "buyer_imports_latest_observed_usd": 486094265.0461559,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 44.44444444444444,
        "trend_acceleration_pct": 3967.7522552616565,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -29.5411,
        "buyer_yoy_all_avg_pct": 234.1164,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 2.627896819620464,
        "market_share_change_1y_pp": -0.9061043640261688,
        "peer_best_share_pct": 47.10234618012837,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 9,
        "buyer_market_hhi": 3940.74,
        "distance_km": 6031.53369140625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.07329710050202023,
        "tariff_advantage_pp": 0.07145157520060609,
        "volatility_cv": 1.044085582971363,
        "max_drawdown_pct": 99.9975936119515,
        "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"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 711021,
      "num_markets": 22,
      "highest_price_importer_iso3": "RUS",
      "highest_price_usd_per_ton": 81357042.55319148,
      "lowest_price_importer_iso3": "FIN",
      "lowest_price_usd_per_ton": 296000,
      "median_price_across_markets": 47265175.70608496,
      "price_spread_pct": 171.5026789644529,
      "avg_quantity_metric_tons": 2.248794117647059,
      "total_trade_value_usd": 7591128676
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 273255902.29988617,
        "active_destinations": 18,
        "yoy_growth_pct": 88.11052306293338
      },
      {
        "year": 2011,
        "export_value_usd": 350239901.0393465,
        "active_destinations": 18,
        "yoy_growth_pct": 28.172858515229375
      },
      {
        "year": 2012,
        "export_value_usd": 342521109.8344197,
        "active_destinations": 13,
        "yoy_growth_pct": -2.20385832168781
      },
      {
        "year": 2013,
        "export_value_usd": 285963033.1698083,
        "active_destinations": 16,
        "yoy_growth_pct": -16.512289327788437
      },
      {
        "year": 2014,
        "export_value_usd": 285286892.21582824,
        "active_destinations": 15,
        "yoy_growth_pct": -0.2364434823918613
      },
      {
        "year": 2015,
        "export_value_usd": 256129155.47667906,
        "active_destinations": 15,
        "yoy_growth_pct": -10.22049646679542
      },
      {
        "year": 2016,
        "export_value_usd": 241381591.08297747,
        "active_destinations": 13,
        "yoy_growth_pct": -5.757862421501785
      },
      {
        "year": 2017,
        "export_value_usd": 364717685.85540783,
        "active_destinations": 21,
        "yoy_growth_pct": 51.09589932648686
      },
      {
        "year": 2018,
        "export_value_usd": 413759900.4193154,
        "active_destinations": 21,
        "yoy_growth_pct": 13.446623639564967
      },
      {
        "year": 2019,
        "export_value_usd": 1231819626.6681247,
        "active_destinations": 21,
        "yoy_growth_pct": 197.71363184778554
      },
      {
        "year": 2020,
        "export_value_usd": 1686545965.609206,
        "active_destinations": 19,
        "yoy_growth_pct": 36.915010046644845
      },
      {
        "year": 2021,
        "export_value_usd": 1775946505.169454,
        "active_destinations": 17,
        "yoy_growth_pct": 5.300806582401998
      },
      {
        "year": 2022,
        "export_value_usd": 1585386469.2508707,
        "active_destinations": 20,
        "yoy_growth_pct": -10.730054951762238
      },
      {
        "year": 2023,
        "export_value_usd": 1064676054.26897,
        "active_destinations": 22,
        "yoy_growth_pct": -32.844383693267396
      },
      {
        "year": 2024,
        "export_value_usd": 520620257.61483383,
        "active_destinations": 16,
        "yoy_growth_pct": -51.10059482155789
      }
    ],
    "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": "711021",
    "hs_description": "Metals: palladium, unwrought or in powder form",
    "hs_chapter": 71,
    "hs_heading": 7110
  },
  "destinations": [
    {
      "hs_code": 711021,
      "corridor_rank": 28,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 161504845.0159525,
      "exports_all_year_avg_usd": 228374343.57310772,
      "exports_avg_3y_usd": 387139091.75747705,
      "exports_avg_5y_usd": 492836989.29209864,
      "exports_avg_10y_usd": 405104457.11866075,
      "exports_cagr_3y_pct": -37.43187477978631,
      "exports_cagr_5y_pct": -27.382264387715093,
      "exports_cagr_10y_pct": -2.2900144918627907,
      "exports_historical_peak_usd": 799782768.4599932,
      "buyer_imports_latest_observed_usd": 1964870698.0599794,
      "historical_peak_year": 2019,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -35.14186028792352,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -27.9058,
      "buyer_yoy_all_avg_pct": 20.9509,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 8.21961695369648,
      "market_share_change_1y_pp": -4.613787201495333,
      "peer_best_share_pct": 26.29569733196357,
      "peer_top_exporter": "ZAF",
      "supplier_count_latest": 78,
      "buyer_market_hhi": 1439.22,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.9398669200663949,
      "max_drawdown_pct": 79.80641101746477,
      "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"
    },
    {
      "hs_code": 711021,
      "corridor_rank": 29,
      "exporter_iso3": "BEL",
      "importer_iso3": "GBR",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 153881381.71686402,
      "exports_all_year_avg_usd": 93595766.91454546,
      "exports_avg_3y_usd": 262300164.68851897,
      "exports_avg_5y_usd": 342958980.1595672,
      "exports_avg_10y_usd": 218211076.76001507,
      "exports_cagr_3y_pct": -31.36487959545271,
      "exports_cagr_5y_pct": -7.148589355801171,
      "exports_cagr_10y_pct": 22.024006268814865,
      "exports_historical_peak_usd": 475934160.34716517,
      "buyer_imports_latest_observed_usd": 895304841.9182606,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": -53.38888586426758,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -37.6843,
      "buyer_yoy_all_avg_pct": 33.2552,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 17.187596281414173,
      "market_share_change_1y_pp": -2.1496134448313775,
      "peer_best_share_pct": 38.88949140722433,
      "peer_top_exporter": "ZAF",
      "supplier_count_latest": 22,
      "buyer_market_hhi": 2273.52,
      "distance_km": 323.77960205078125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.4877017615366064,
      "max_drawdown_pct": 98.46898264190824,
      "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": 711021,
      "corridor_rank": 47,
      "exporter_iso3": "BEL",
      "importer_iso3": "KOR",
      "latest_data_year": 2024,
      "lane_data_years": 18,
      "exports_latest_observed_usd": 62094755.82240144,
      "exports_all_year_avg_usd": 36177866.92647719,
      "exports_avg_3y_usd": 75817013.8377659,
      "exports_avg_5y_usd": 110938098.91025424,
      "exports_avg_10y_usd": 60078707.3415478,
      "exports_cagr_3y_pct": -31.269293972620037,
      "exports_cagr_5y_pct": 24.14933656166067,
      "exports_cagr_10y_pct": 9.282071833708816,
      "exports_historical_peak_usd": 191250468.68777803,
      "buyer_imports_latest_observed_usd": 404021818.3595885,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 58.8235294117647,
      "trend_acceleration_pct": -40.55136580632885,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -46.873,
      "buyer_yoy_all_avg_pct": 29.9249,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 15.369159040598076,
      "market_share_change_1y_pp": 5.949953310430454,
      "peer_best_share_pct": 22.23434223239489,
      "peer_top_exporter": "ZAF",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 1523.65,
      "distance_km": 8722.1142578125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.13695644286262626,
      "tariff_advantage_pp": 0.11067370517943839,
      "volatility_cv": 1.4725722743793337,
      "max_drawdown_pct": 99.99461729655962,
      "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": 711021,
      "corridor_rank": 52,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 47458782.707752034,
      "exports_all_year_avg_usd": 71218456.9959951,
      "exports_avg_3y_usd": 143965995.5723004,
      "exports_avg_5y_usd": 165962948.43749142,
      "exports_avg_10y_usd": 94875727.68519661,
      "exports_cagr_3y_pct": -40.77985302868726,
      "exports_cagr_5y_pct": -12.414618063421024,
      "exports_cagr_10y_pct": 11.846095508831356,
      "exports_historical_peak_usd": 237040542.75499666,
      "buyer_imports_latest_observed_usd": 1575604239.8681893,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": -52.62594853751862,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -25.2466,
      "buyer_yoy_all_avg_pct": 15.0064,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 3.012100469577456,
      "market_share_change_1y_pp": -3.981121290257469,
      "peer_best_share_pct": 55.70736380307204,
      "peer_top_exporter": "RUS",
      "supplier_count_latest": 14,
      "buyer_market_hhi": 4197.36,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.0383812099568295,
      "max_drawdown_pct": 99.11717424840292,
      "attention_level": "Critical attention",
      "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']",
      "signal_flag": "Slowing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 711021,
      "corridor_rank": 77,
      "exporter_iso3": "BEL",
      "importer_iso3": "BRA",
      "latest_data_year": 2024,
      "lane_data_years": 24,
      "exports_latest_observed_usd": 25409876.69199501,
      "exports_all_year_avg_usd": 13684177.421745129,
      "exports_avg_3y_usd": 41392140.20358596,
      "exports_avg_5y_usd": 37693818.06619964,
      "exports_avg_10y_usd": 28470847.9334246,
      "exports_cagr_3y_pct": -2.439638355930296,
      "exports_cagr_5y_pct": -0.8255602409076634,
      "exports_cagr_10y_pct": 20.473463303767847,
      "exports_historical_peak_usd": 57374679.73901567,
      "buyer_imports_latest_observed_usd": 281638642.0922886,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 52.17391304347826,
      "trend_acceleration_pct": -22.913101659698142,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": -3.9284,
      "buyer_yoy_all_avg_pct": 23.2864,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 9.02215566132029,
      "market_share_change_1y_pp": -5.097288548264867,
      "peer_best_share_pct": 64.20502320459875,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 5,
      "buyer_market_hhi": 4593,
      "distance_km": 9665.7216796875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.2883659997252525,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.1244660926217844,
      "max_drawdown_pct": 99.99601088789522,
      "attention_level": "Critical attention",
      "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','long_distance_without_fta']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 711021,
      "corridor_rank": 87,
      "exporter_iso3": "BEL",
      "importer_iso3": "JPN",
      "latest_data_year": 2024,
      "lane_data_years": 20,
      "exports_latest_observed_usd": 20444546.71226934,
      "exports_all_year_avg_usd": 12131962.091819532,
      "exports_avg_3y_usd": 33776344.27988475,
      "exports_avg_5y_usd": 36911199.190946646,
      "exports_avg_10y_usd": 23120233.392475467,
      "exports_cagr_3y_pct": -34.14652415410784,
      "exports_cagr_5y_pct": -0.03314434482440953,
      "exports_cagr_10y_pct": 68.26009343497515,
      "exports_historical_peak_usd": 71588189.35216859,
      "buyer_imports_latest_observed_usd": 1281087102.8260665,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 36.8421052631579,
      "trend_acceleration_pct": -102.40661758908298,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -27.2338,
      "buyer_yoy_all_avg_pct": 14.8365,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 1.5958748368607303,
      "market_share_change_1y_pp": -1.0540904808210514,
      "peer_best_share_pct": 47.195322225963125,
      "peer_top_exporter": "ZAF",
      "supplier_count_latest": 18,
      "buyer_market_hhi": 3178.09,
      "distance_km": 9463.2626953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.039966357792484856,
      "tariff_advantage_pp": 0.030413669105984857,
      "volatility_cv": 1.5161867070533401,
      "max_drawdown_pct": 99.11750190512002,
      "attention_level": "Critical attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','buyer_macro_weakness']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 711021,
      "corridor_rank": 91,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 17260603.42996656,
      "exports_all_year_avg_usd": 6680981.514107296,
      "exports_avg_3y_usd": 20906401.116768543,
      "exports_avg_5y_usd": 16297464.832689678,
      "exports_avg_10y_usd": 14741302.66869478,
      "exports_cagr_3y_pct": 116.22931259110447,
      "exports_cagr_5y_pct": 36.962078300043544,
      "exports_cagr_10y_pct": 19.22543830142116,
      "exports_historical_peak_usd": 30974438.525836743,
      "buyer_imports_latest_observed_usd": 708399027.8069891,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 97.00387428968331,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -43.0397,
      "buyer_yoy_all_avg_pct": 19.6384,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 2.4365650928969655,
      "market_share_change_1y_pp": 0.7266744248356569,
      "peer_best_share_pct": 28.829671702069714,
      "peer_top_exporter": "RUS",
      "supplier_count_latest": 29,
      "buyer_market_hhi": 2060.91,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.2827834728585008,
      "max_drawdown_pct": 99.99946930292269,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 711021,
      "corridor_rank": 97,
      "exporter_iso3": "BEL",
      "importer_iso3": "CAN",
      "latest_data_year": 2024,
      "lane_data_years": 10,
      "exports_latest_observed_usd": 12774055.731505401,
      "exports_all_year_avg_usd": 6788791.827431117,
      "exports_avg_3y_usd": 15826444.926392237,
      "exports_avg_5y_usd": 11869874.704294179,
      "exports_avg_10y_usd": 9896084.516092677,
      "exports_cagr_3y_pct": 4170.330093686249,
      "exports_cagr_5y_pct": 44.88374156016437,
      "exports_cagr_10y_pct": 202.57783842459207,
      "exports_historical_peak_usd": 24381005.529934123,
      "buyer_imports_latest_observed_usd": 486094265.0461559,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 44.44444444444444,
      "trend_acceleration_pct": 3967.7522552616565,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -29.5411,
      "buyer_yoy_all_avg_pct": 234.1164,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 2.627896819620464,
      "market_share_change_1y_pp": -0.9061043640261688,
      "peer_best_share_pct": 47.10234618012837,
      "peer_top_exporter": "ZAF",
      "supplier_count_latest": 9,
      "buyer_market_hhi": 3940.74,
      "distance_km": 6031.53369140625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.07329710050202023,
      "tariff_advantage_pp": 0.07145157520060609,
      "volatility_cv": 1.044085582971363,
      "max_drawdown_pct": 99.9975936119515,
      "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"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 711021,
    "num_markets": 22,
    "highest_price_importer_iso3": "RUS",
    "highest_price_usd_per_ton": 81357042.55319148,
    "lowest_price_importer_iso3": "FIN",
    "lowest_price_usd_per_ton": 296000,
    "median_price_across_markets": 47265175.70608496,
    "price_spread_pct": 171.5026789644529,
    "avg_quantity_metric_tons": 2.248794117647059,
    "total_trade_value_usd": 7591128676
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 273255902.29988617,
      "active_destinations": 18,
      "yoy_growth_pct": 88.11052306293338
    },
    {
      "year": 2011,
      "export_value_usd": 350239901.0393465,
      "active_destinations": 18,
      "yoy_growth_pct": 28.172858515229375
    },
    {
      "year": 2012,
      "export_value_usd": 342521109.8344197,
      "active_destinations": 13,
      "yoy_growth_pct": -2.20385832168781
    },
    {
      "year": 2013,
      "export_value_usd": 285963033.1698083,
      "active_destinations": 16,
      "yoy_growth_pct": -16.512289327788437
    },
    {
      "year": 2014,
      "export_value_usd": 285286892.21582824,
      "active_destinations": 15,
      "yoy_growth_pct": -0.2364434823918613
    },
    {
      "year": 2015,
      "export_value_usd": 256129155.47667906,
      "active_destinations": 15,
      "yoy_growth_pct": -10.22049646679542
    },
    {
      "year": 2016,
      "export_value_usd": 241381591.08297747,
      "active_destinations": 13,
      "yoy_growth_pct": -5.757862421501785
    },
    {
      "year": 2017,
      "export_value_usd": 364717685.85540783,
      "active_destinations": 21,
      "yoy_growth_pct": 51.09589932648686
    },
    {
      "year": 2018,
      "export_value_usd": 413759900.4193154,
      "active_destinations": 21,
      "yoy_growth_pct": 13.446623639564967
    },
    {
      "year": 2019,
      "export_value_usd": 1231819626.6681247,
      "active_destinations": 21,
      "yoy_growth_pct": 197.71363184778554
    },
    {
      "year": 2020,
      "export_value_usd": 1686545965.609206,
      "active_destinations": 19,
      "yoy_growth_pct": 36.915010046644845
    },
    {
      "year": 2021,
      "export_value_usd": 1775946505.169454,
      "active_destinations": 17,
      "yoy_growth_pct": 5.300806582401998
    },
    {
      "year": 2022,
      "export_value_usd": 1585386469.2508707,
      "active_destinations": 20,
      "yoy_growth_pct": -10.730054951762238
    },
    {
      "year": 2023,
      "export_value_usd": 1064676054.26897,
      "active_destinations": 22,
      "yoy_growth_pct": -32.844383693267396
    },
    {
      "year": 2024,
      "export_value_usd": 520620257.61483383,
      "active_destinations": 16,
      "yoy_growth_pct": -51.10059482155789
    }
  ],
  "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
  }
}