{
  "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/711041",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/711041",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/711041",
    "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": "711041",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 30,
    "current_lane_count": 12,
    "active_market_count": 12,
    "exports_latest_observed_lanes_usd": 145486635.49116236,
    "exports_current_2024_usd": 145365798.66300282,
    "exports_avg_3y_usd": 130112049.85334921,
    "exports_avg_5y_usd": 113180670.47648735,
    "exports_avg_10y_usd": 73329450.5950646,
    "exports_cagr_3y_pct": 7.841855764563177,
    "exports_cagr_5y_pct": 14.90165143176414,
    "exports_cagr_10y_pct": 22.477895192852326,
    "exports_all_year_lane_avg_usd": 53558008.29295691,
    "exports_historical_lane_peak_usd": 193534631.27023956,
    "historical_peak_year": 2024,
    "positive_growth_year_share_pct": 62.5,
    "trend_acceleration_pct": -14.636039428289148,
    "trend_label": "Growing",
    "top_market_iso3": "DEU",
    "top_market_exports_usd": 77418131.32399113,
    "top_market_share_pct": 53.213225436568656,
    "destination_hhi": 3742.0949089301776,
    "weighted_share_latest_pct": 27.704255003946773,
    "weighted_share_change_1y_pp": -5.582999257739151,
    "weighted_volatility_cv": 1.1965405832190608,
    "weighted_max_drawdown_pct": 90.71585616748705,
    "limited_history_lane_share_pct": 60,
    "data_freshness_years": 0,
    "coverage_score": 76,
    "confidence_label": "Medium",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 711041,
      "hs_description": "Metals: iridium, osmium, ruthenium, unwrought or in powder form",
      "hs_chapter": 71,
      "hs_heading": 7110,
      "substitution_elasticity": -29.981552,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Metals: iridium, osmium, ruthenium, unwrought or in powder form",
    "hs_chapter": 71,
    "hs_heading": 7110,
    "destinations": [
      {
        "hs_code": 711041,
        "corridor_rank": 8,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 24,
        "exports_latest_observed_usd": 77418131.32399113,
        "exports_all_year_avg_usd": 27982350.807310876,
        "exports_avg_3y_usd": 81223791.90819962,
        "exports_avg_5y_usd": 75143818.87007356,
        "exports_avg_10y_usd": 48563684.348246254,
        "exports_cagr_3y_pct": -3.357151498113431,
        "exports_cagr_5y_pct": 10.751539832515288,
        "exports_cagr_10y_pct": 15.902173695009104,
        "exports_historical_peak_usd": 102658781.36469215,
        "buyer_imports_latest_observed_usd": 215492433.0083903,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 52.17391304347826,
        "trend_acceleration_pct": -19.259325193122535,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -1.4812,
        "buyer_yoy_all_avg_pct": 33.2839,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 35.92614842349328,
        "market_share_change_1y_pp": -11.00738177522311,
        "peer_best_share_pct": 35.92614842349328,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 57,
        "buyer_market_hhi": 2243.6,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.0669612509716198,
        "max_drawdown_pct": 98.01734505650212,
        "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": 711041,
        "corridor_rank": 17,
        "exporter_iso3": "BEL",
        "importer_iso3": "HKG",
        "latest_data_year": 2024,
        "lane_data_years": 9,
        "exports_latest_observed_usd": 35759397.86774538,
        "exports_all_year_avg_usd": 15754264.768151756,
        "exports_avg_3y_usd": 28947034.68767691,
        "exports_avg_5y_usd": 23115787.16422089,
        "exports_avg_10y_usd": 15754264.768151756,
        "exports_cagr_3y_pct": 15.162821204213973,
        "exports_cagr_5y_pct": 17.30307156731934,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 35759397.86774538,
        "buyer_imports_latest_observed_usd": 149795715.76124072,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 75,
        "trend_acceleration_pct": null,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 115.6831,
        "buyer_yoy_all_avg_pct": 60.535,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 23.87210988379818,
        "market_share_change_1y_pp": -8.864725089441968,
        "peer_best_share_pct": 39.45161703189069,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 13,
        "buyer_market_hhi": 2398.73,
        "distance_km": 9405.1171875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.7569388476765911,
        "max_drawdown_pct": 66.92657886828522,
        "attention_level": "Watch",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "['long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711041,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 21,
        "exports_latest_observed_usd": 25061536.562061857,
        "exports_all_year_avg_usd": 2541053.5833983016,
        "exports_avg_3y_usd": 13581763.716926655,
        "exports_avg_5y_usd": 8932120.648381153,
        "exports_avg_10y_usd": 5217466.443973458,
        "exports_cagr_3y_pct": 427.06467153165653,
        "exports_cagr_5y_pct": 731.8000469200061,
        "exports_cagr_10y_pct": 33.255695814378484,
        "exports_historical_peak_usd": 25061536.562061857,
        "buyer_imports_latest_observed_usd": 163003436.06478947,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 45,
        "trend_acceleration_pct": 393.80897571727803,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 3.5975,
        "buyer_yoy_all_avg_pct": 58.5818,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 15.37485170073382,
        "market_share_change_1y_pp": 14.037880990041462,
        "peer_best_share_pct": 62.67652435732728,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 4300.55,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 2.295527217270505,
        "max_drawdown_pct": 99.98626263447431,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711041,
        "corridor_rank": 53,
        "exporter_iso3": "BEL",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 7,
        "exports_latest_observed_usd": 3723447.4582507247,
        "exports_all_year_avg_usd": 2133744.01230275,
        "exports_avg_3y_usd": 2181378.3118941216,
        "exports_avg_5y_usd": 2536709.413898268,
        "exports_avg_10y_usd": 2133744.01230275,
        "exports_cagr_3y_pct": 8.47418048229529,
        "exports_cagr_5y_pct": 21.100570745901372,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 3723447.4582507247,
        "buyer_imports_latest_observed_usd": 320714287.16281426,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": null,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -13.6322,
        "buyer_yoy_all_avg_pct": 46.2927,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 1.160985839199759,
        "market_share_change_1y_pp": 0.40145518629025023,
        "peer_best_share_pct": 59.70478061598884,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 3939.4,
        "distance_km": 7970.81982421875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30189875567878793,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.6023328300459405,
        "max_drawdown_pct": 99.99130845594459,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 711041,
        "corridor_rank": 60,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 18,
        "exports_latest_observed_usd": 2453722.732589969,
        "exports_all_year_avg_usd": 2088646.8495960617,
        "exports_avg_3y_usd": 2368684.0716651366,
        "exports_avg_5y_usd": 2059041.8417239748,
        "exports_avg_10y_usd": 2272521.04671904,
        "exports_cagr_3y_pct": -2.138868431690555,
        "exports_cagr_5y_pct": -20.21426727250398,
        "exports_cagr_10y_pct": 19.931147488242296,
        "exports_historical_peak_usd": 7589257.655042864,
        "buyer_imports_latest_observed_usd": 259668305.72179937,
        "historical_peak_year": 2019,
        "positive_growth_year_share_pct": 58.8235294117647,
        "trend_acceleration_pct": -22.07001591993285,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -20.1108,
        "buyer_yoy_all_avg_pct": 45.2724,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 0.9449450235250549,
        "market_share_change_1y_pp": 0.258629759696832,
        "peer_best_share_pct": 42.654943892610646,
        "peer_top_exporter": "ZAF",
        "supplier_count_latest": 15,
        "buyer_market_hhi": 3263.51,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.0639861477172294,
        "max_drawdown_pct": 99.65934203242848,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 711041,
      "num_markets": 12,
      "highest_price_importer_iso3": "CHN",
      "highest_price_usd_per_ton": 62711035.71428572,
      "lowest_price_importer_iso3": "FRA",
      "lowest_price_usd_per_ton": 357000,
      "median_price_across_markets": 16679668.744804654,
      "price_spread_pct": 373.83257826212895,
      "avg_quantity_metric_tons": 0.544225,
      "total_trade_value_usd": 382635374
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 33462404.263363298,
        "active_destinations": 4,
        "yoy_growth_pct": 2051.58567095841
      },
      {
        "year": 2011,
        "export_value_usd": 43726225.35043113,
        "active_destinations": 8,
        "yoy_growth_pct": 30.672694664397724
      },
      {
        "year": 2012,
        "export_value_usd": 30546750.649188545,
        "active_destinations": 4,
        "yoy_growth_pct": -30.14089278372307
      },
      {
        "year": 2013,
        "export_value_usd": 18791427.13421,
        "active_destinations": 3,
        "yoy_growth_pct": -38.48305716696848
      },
      {
        "year": 2014,
        "export_value_usd": 19137495.233961623,
        "active_destinations": 5,
        "yoy_growth_pct": 1.841627553245281
      },
      {
        "year": 2015,
        "export_value_usd": 1455653.201462476,
        "active_destinations": 6,
        "yoy_growth_pct": -92.3937109654807
      },
      {
        "year": 2016,
        "export_value_usd": 1675133.062799866,
        "active_destinations": 5,
        "yoy_growth_pct": 15.077757608534878
      },
      {
        "year": 2017,
        "export_value_usd": 7366701.795328782,
        "active_destinations": 5,
        "yoy_growth_pct": 339.76815686604994
      },
      {
        "year": 2018,
        "export_value_usd": 84311338.8789945,
        "active_destinations": 9,
        "yoy_growth_pct": 1044.4923552145988
      },
      {
        "year": 2019,
        "export_value_usd": 72582326.6296235,
        "active_destinations": 12,
        "yoy_growth_pct": -13.911547847917266
      },
      {
        "year": 2020,
        "export_value_usd": 59662734.08390994,
        "active_destinations": 13,
        "yoy_growth_pct": -17.799915138626325
      },
      {
        "year": 2021,
        "export_value_usd": 115904468.7384792,
        "active_destinations": 13,
        "yoy_growth_pct": 94.26610348676047
      },
      {
        "year": 2022,
        "export_value_usd": 111306061.90572898,
        "active_destinations": 14,
        "yoy_growth_pct": -3.967411164383853
      },
      {
        "year": 2023,
        "export_value_usd": 133664288.99131577,
        "active_destinations": 12,
        "yoy_growth_pct": 20.087160306258216
      },
      {
        "year": 2024,
        "export_value_usd": 145365798.66300282,
        "active_destinations": 12,
        "yoy_growth_pct": 8.754402361312305
      }
    ],
    "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": "711041",
    "hs_description": "Metals: iridium, osmium, ruthenium, unwrought or in powder form",
    "hs_chapter": 71,
    "hs_heading": 7110
  },
  "destinations": [
    {
      "hs_code": 711041,
      "corridor_rank": 8,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 24,
      "exports_latest_observed_usd": 77418131.32399113,
      "exports_all_year_avg_usd": 27982350.807310876,
      "exports_avg_3y_usd": 81223791.90819962,
      "exports_avg_5y_usd": 75143818.87007356,
      "exports_avg_10y_usd": 48563684.348246254,
      "exports_cagr_3y_pct": -3.357151498113431,
      "exports_cagr_5y_pct": 10.751539832515288,
      "exports_cagr_10y_pct": 15.902173695009104,
      "exports_historical_peak_usd": 102658781.36469215,
      "buyer_imports_latest_observed_usd": 215492433.0083903,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 52.17391304347826,
      "trend_acceleration_pct": -19.259325193122535,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -1.4812,
      "buyer_yoy_all_avg_pct": 33.2839,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 35.92614842349328,
      "market_share_change_1y_pp": -11.00738177522311,
      "peer_best_share_pct": 35.92614842349328,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 57,
      "buyer_market_hhi": 2243.6,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.0669612509716198,
      "max_drawdown_pct": 98.01734505650212,
      "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"
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