{
  "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/720890",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/720890",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/720890",
    "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": "720890",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 146,
    "current_lane_count": 47,
    "active_market_count": 47,
    "exports_latest_observed_lanes_usd": 38605331.11205902,
    "exports_current_2024_usd": 35063396.15509781,
    "exports_avg_3y_usd": 38845101.40507442,
    "exports_avg_5y_usd": 32379750.55469349,
    "exports_avg_10y_usd": 29413142.211221017,
    "exports_cagr_3y_pct": 9.39899743456789,
    "exports_cagr_5y_pct": 4.155494071539856,
    "exports_cagr_10y_pct": 8.928614364877685,
    "exports_all_year_lane_avg_usd": 42838378.57197462,
    "exports_historical_lane_peak_usd": 188635969.0505037,
    "historical_peak_year": 2004,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": 0.4703830696902056,
    "trend_label": "Growing",
    "top_market_iso3": "NLD",
    "top_market_exports_usd": 12752545.062077522,
    "top_market_share_pct": 33.033119247341595,
    "destination_hhi": 1688.7361739840685,
    "weighted_share_latest_pct": 18.35346845940624,
    "weighted_share_change_1y_pp": 3.1597907831954473,
    "weighted_volatility_cv": 1.0934402594344041,
    "weighted_max_drawdown_pct": 90.47532638661829,
    "limited_history_lane_share_pct": 24.65753424657534,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 720890,
      "hs_description": "Iron or non-alloy steel: flat-rolled, hot-rolled, of a width 600mm or more, n.e.c. in heading no. 7208",
      "hs_chapter": 72,
      "hs_heading": 7208,
      "substitution_elasticity": -8.9275541,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Iron or non-alloy steel: flat-rolled, hot-rolled, of a width 600mm or more, n.e.c. in heading no. 7208",
    "hs_chapter": 72,
    "hs_heading": 7208,
    "destinations": [
      {
        "hs_code": 720890,
        "corridor_rank": 18,
        "exporter_iso3": "BEL",
        "importer_iso3": "NLD",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 12752545.062077522,
        "exports_all_year_avg_usd": 5076940.390175295,
        "exports_avg_3y_usd": 15005455.281049438,
        "exports_avg_5y_usd": 12502376.550446328,
        "exports_avg_10y_usd": 7885573.612564733,
        "exports_cagr_3y_pct": 6.20077203770939,
        "exports_cagr_5y_pct": 3.107709702176975,
        "exports_cagr_10y_pct": 22.892899370442787,
        "exports_historical_peak_usd": 20363669.55733605,
        "buyer_imports_latest_observed_usd": 167476257.8339134,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -16.6921273327334,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -35.345,
        "buyer_yoy_all_avg_pct": 32.2955,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 7.6145390558727755,
        "market_share_change_1y_pp": -0.24695325967545134,
        "peer_best_share_pct": 69.41466117735315,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 34,
        "buyer_market_hhi": 5078.86,
        "distance_km": 173.03326416015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.986459271097408,
        "max_drawdown_pct": 94.02978202192018,
        "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": 720890,
        "corridor_rank": 38,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 6628272.6452955175,
        "exports_all_year_avg_usd": 6656395.154090815,
        "exports_avg_3y_usd": 9644898.618279086,
        "exports_avg_5y_usd": 9009464.72325101,
        "exports_avg_10y_usd": 11454704.51952931,
        "exports_cagr_3y_pct": -5.795943896299094,
        "exports_cagr_5y_pct": -13.166700444314417,
        "exports_cagr_10y_pct": 25.003192859860988,
        "exports_historical_peak_usd": 16447328.1593626,
        "buyer_imports_latest_observed_usd": 25524086.795981046,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 40,
        "trend_acceleration_pct": -30.79913675616008,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -29.1634,
        "buyer_yoy_all_avg_pct": 5.9208,
        "buyer_trend_consistency_pct": 41.3793,
        "market_share_latest_pct": 25.96869654251132,
        "market_share_change_1y_pp": -6.807747272922246,
        "peer_best_share_pct": 25.968696542511317,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 36,
        "buyer_market_hhi": 1697.82,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.732403828339521,
        "max_drawdown_pct": 95.22092193247384,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 720890,
        "corridor_rank": 51,
        "exporter_iso3": "BEL",
        "importer_iso3": "EGY",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 4818762.991923531,
        "exports_all_year_avg_usd": 1884296.0085514376,
        "exports_avg_3y_usd": 4820904.429537658,
        "exports_avg_5y_usd": 3678619.391537999,
        "exports_avg_10y_usd": 2892150.451469344,
        "exports_cagr_3y_pct": 21.67927189933101,
        "exports_cagr_5y_pct": 29.17993957826459,
        "exports_cagr_10y_pct": 14.955479444680876,
        "exports_historical_peak_usd": 6977797.570786179,
        "buyer_imports_latest_observed_usd": 48664390.5074804,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": 6.723792454650134,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 20.1851,
        "buyer_yoy_all_avg_pct": 37.4955,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 9.902030913513281,
        "market_share_change_1y_pp": -0.7471391179076381,
        "peer_best_share_pct": 42.89122483308173,
        "peer_top_exporter": "RUS",
        "supplier_count_latest": 20,
        "buyer_market_hhi": 2332.8,
        "distance_km": 3212.43359375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.3194917933945455,
        "tariff_advantage_pp": 0.27049160856886867,
        "volatility_cv": 0.9605867710340716,
        "max_drawdown_pct": 97.45727124105943,
        "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": 720890,
        "corridor_rank": 76,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2014600.1054933658,
        "exports_all_year_avg_usd": 10132655.633808432,
        "exports_avg_3y_usd": 1836420.7908139713,
        "exports_avg_5y_usd": 1552567.9072701684,
        "exports_avg_10y_usd": 2105808.904146423,
        "exports_cagr_3y_pct": 8.653904849915861,
        "exports_cagr_5y_pct": 8.903765639489002,
        "exports_cagr_10y_pct": -1.7294931990288642,
        "exports_historical_peak_usd": 49870069.69702854,
        "buyer_imports_latest_observed_usd": 87670596.30761905,
        "historical_peak_year": 2004,
        "positive_growth_year_share_pct": 36,
        "trend_acceleration_pct": 10.383398048944725,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -14.0129,
        "buyer_yoy_all_avg_pct": 14.7436,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 2.297919930217568,
        "market_share_change_1y_pp": -0.06762830029690114,
        "peer_best_share_pct": 52.56073595093104,
        "peer_top_exporter": "FRA",
        "supplier_count_latest": 37,
        "buyer_market_hhi": 3148.66,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.4596189233211079,
        "max_drawdown_pct": 98.63039433704989,
        "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','dominant_supplier']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 720890,
      "num_markets": 86,
      "highest_price_importer_iso3": "ETH",
      "highest_price_usd_per_ton": 100000,
      "lowest_price_importer_iso3": "BFA",
      "lowest_price_usd_per_ton": 167.58861375560883,
      "median_price_across_markets": 1587.7000924439253,
      "price_spread_pct": 6287.863297442636,
      "avg_quantity_metric_tons": 612.1959565217392,
      "total_trade_value_usd": 183054561
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 36500438.31868265,
        "active_destinations": 70,
        "yoy_growth_pct": -33.53863911683603
      },
      {
        "year": 2011,
        "export_value_usd": 32763745.26066877,
        "active_destinations": 62,
        "yoy_growth_pct": -10.237392289344818
      },
      {
        "year": 2012,
        "export_value_usd": 23851944.289306074,
        "active_destinations": 63,
        "yoy_growth_pct": -27.200190028521753
      },
      {
        "year": 2013,
        "export_value_usd": 14506881.681693887,
        "active_destinations": 59,
        "yoy_growth_pct": -39.179458472079396
      },
      {
        "year": 2014,
        "export_value_usd": 14908508.13375777,
        "active_destinations": 62,
        "yoy_growth_pct": 2.7685236626055327
      },
      {
        "year": 2015,
        "export_value_usd": 32996663.53535441,
        "active_destinations": 61,
        "yoy_growth_pct": 121.32773607735506
      },
      {
        "year": 2016,
        "export_value_usd": 19909033.57151757,
        "active_destinations": 55,
        "yoy_growth_pct": -39.66349491612703
      },
      {
        "year": 2017,
        "export_value_usd": 23700391.27203846,
        "active_destinations": 62,
        "yoy_growth_pct": 19.043404025120093
      },
      {
        "year": 2018,
        "export_value_usd": 27021507.881016392,
        "active_destinations": 57,
        "yoy_growth_pct": 14.01291890440712
      },
      {
        "year": 2019,
        "export_value_usd": 28605073.078815863,
        "active_destinations": 54,
        "yoy_growth_pct": 5.860387972323275
      },
      {
        "year": 2020,
        "export_value_usd": 18583240.148401313,
        "active_destinations": 46,
        "yoy_growth_pct": -35.03515933275642
      },
      {
        "year": 2021,
        "export_value_usd": 26780208.40984288,
        "active_destinations": 44,
        "yoy_growth_pct": 44.10946743400256
      },
      {
        "year": 2022,
        "export_value_usd": 35013685.39945163,
        "active_destinations": 50,
        "yoy_growth_pct": 30.74463373698986
      },
      {
        "year": 2023,
        "export_value_usd": 46458222.66067383,
        "active_destinations": 50,
        "yoy_growth_pct": 32.68589733030913
      },
      {
        "year": 2024,
        "export_value_usd": 35063396.15509781,
        "active_destinations": 47,
        "yoy_growth_pct": -24.52703924728821
      }
    ],
    "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": "720890",
    "hs_description": "Iron or non-alloy steel: flat-rolled, hot-rolled, of a width 600mm or more, n.e.c. in heading no. 7208",
    "hs_chapter": 72,
    "hs_heading": 7208
  },
  "destinations": [
    {
      "hs_code": 720890,
      "corridor_rank": 18,
      "exporter_iso3": "BEL",
      "importer_iso3": "NLD",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 12752545.062077522,
      "exports_all_year_avg_usd": 5076940.390175295,
      "exports_avg_3y_usd": 15005455.281049438,
      "exports_avg_5y_usd": 12502376.550446328,
      "exports_avg_10y_usd": 7885573.612564733,
      "exports_cagr_3y_pct": 6.20077203770939,
      "exports_cagr_5y_pct": 3.107709702176975,
      "exports_cagr_10y_pct": 22.892899370442787,
      "exports_historical_peak_usd": 20363669.55733605,
      "buyer_imports_latest_observed_usd": 167476257.8339134,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -16.6921273327334,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -35.345,
      "buyer_yoy_all_avg_pct": 32.2955,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 7.6145390558727755,
      "market_share_change_1y_pp": -0.24695325967545134,
      "peer_best_share_pct": 69.41466117735315,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 34,
      "buyer_market_hhi": 5078.86,
      "distance_km": 173.03326416015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.986459271097408,
      "max_drawdown_pct": 94.02978202192018,
      "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": 720890,
      "corridor_rank": 38,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 6628272.6452955175,
      "exports_all_year_avg_usd": 6656395.154090815,
      "exports_avg_3y_usd": 9644898.618279086,
      "exports_avg_5y_usd": 9009464.72325101,
      "exports_avg_10y_usd": 11454704.51952931,
      "exports_cagr_3y_pct": -5.795943896299094,
      "exports_cagr_5y_pct": -13.166700444314417,
      "exports_cagr_10y_pct": 25.003192859860988,
      "exports_historical_peak_usd": 16447328.1593626,
      "buyer_imports_latest_observed_usd": 25524086.795981046,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 40,
      "trend_acceleration_pct": -30.79913675616008,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -29.1634,
      "buyer_yoy_all_avg_pct": 5.9208,
      "buyer_trend_consistency_pct": 41.3793,
      "market_share_latest_pct": 25.96869654251132,
      "market_share_change_1y_pp": -6.807747272922246,
      "peer_best_share_pct": 25.968696542511317,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 36,
      "buyer_market_hhi": 1697.82,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.732403828339521,
      "max_drawdown_pct": 95.22092193247384,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 720890,
      "corridor_rank": 51,
      "exporter_iso3": "BEL",
      "importer_iso3": "EGY",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 4818762.991923531,
      "exports_all_year_avg_usd": 1884296.0085514376,
      "exports_avg_3y_usd": 4820904.429537658,
      "exports_avg_5y_usd": 3678619.391537999,
      "exports_avg_10y_usd": 2892150.451469344,
      "exports_cagr_3y_pct": 21.67927189933101,
      "exports_cagr_5y_pct": 29.17993957826459,
      "exports_cagr_10y_pct": 14.955479444680876,
      "exports_historical_peak_usd": 6977797.570786179,
      "buyer_imports_latest_observed_usd": 48664390.5074804,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": 6.723792454650134,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 20.1851,
      "buyer_yoy_all_avg_pct": 37.4955,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 9.902030913513281,
      "market_share_change_1y_pp": -0.7471391179076381,
      "peer_best_share_pct": 42.89122483308173,
      "peer_top_exporter": "RUS",
      "supplier_count_latest": 20,
      "buyer_market_hhi": 2332.8,
      "distance_km": 3212.43359375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.3194917933945455,
      "tariff_advantage_pp": 0.27049160856886867,
      "volatility_cv": 0.9605867710340716,
      "max_drawdown_pct": 97.45727124105943,
      "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": 720890,
      "corridor_rank": 76,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2014600.1054933658,
      "exports_all_year_avg_usd": 10132655.633808432,
      "exports_avg_3y_usd": 1836420.7908139713,
      "exports_avg_5y_usd": 1552567.9072701684,
      "exports_avg_10y_usd": 2105808.904146423,
      "exports_cagr_3y_pct": 8.653904849915861,
      "exports_cagr_5y_pct": 8.903765639489002,
      "exports_cagr_10y_pct": -1.7294931990288642,
      "exports_historical_peak_usd": 49870069.69702854,
      "buyer_imports_latest_observed_usd": 87670596.30761905,
      "historical_peak_year": 2004,
      "positive_growth_year_share_pct": 36,
      "trend_acceleration_pct": 10.383398048944725,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -14.0129,
      "buyer_yoy_all_avg_pct": 14.7436,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 2.297919930217568,
      "market_share_change_1y_pp": -0.06762830029690114,
      "peer_best_share_pct": 52.56073595093104,
      "peer_top_exporter": "FRA",
      "supplier_count_latest": 37,
      "buyer_market_hhi": 3148.66,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.4596189233211079,
      "max_drawdown_pct": 98.63039433704989,
      "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','dominant_supplier']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 720890,
    "num_markets": 86,
    "highest_price_importer_iso3": "ETH",
    "highest_price_usd_per_ton": 100000,
    "lowest_price_importer_iso3": "BFA",
    "lowest_price_usd_per_ton": 167.58861375560883,
    "median_price_across_markets": 1587.7000924439253,
    "price_spread_pct": 6287.863297442636,
    "avg_quantity_metric_tons": 612.1959565217392,
    "total_trade_value_usd": 183054561
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 36500438.31868265,
      "active_destinations": 70,
      "yoy_growth_pct": -33.53863911683603
    },
    {
      "year": 2011,
      "export_value_usd": 32763745.26066877,
      "active_destinations": 62,
      "yoy_growth_pct": -10.237392289344818
    },
    {
      "year": 2012,
      "export_value_usd": 23851944.289306074,
      "active_destinations": 63,
      "yoy_growth_pct": -27.200190028521753
    },
    {
      "year": 2013,
      "export_value_usd": 14506881.681693887,
      "active_destinations": 59,
      "yoy_growth_pct": -39.179458472079396
    },
    {
      "year": 2014,
      "export_value_usd": 14908508.13375777,
      "active_destinations": 62,
      "yoy_growth_pct": 2.7685236626055327
    },
    {
      "year": 2015,
      "export_value_usd": 32996663.53535441,
      "active_destinations": 61,
      "yoy_growth_pct": 121.32773607735506
    },
    {
      "year": 2016,
      "export_value_usd": 19909033.57151757,
      "active_destinations": 55,
      "yoy_growth_pct": -39.66349491612703
    },
    {
      "year": 2017,
      "export_value_usd": 23700391.27203846,
      "active_destinations": 62,
      "yoy_growth_pct": 19.043404025120093
    },
    {
      "year": 2018,
      "export_value_usd": 27021507.881016392,
      "active_destinations": 57,
      "yoy_growth_pct": 14.01291890440712
    },
    {
      "year": 2019,
      "export_value_usd": 28605073.078815863,
      "active_destinations": 54,
      "yoy_growth_pct": 5.860387972323275
    },
    {
      "year": 2020,
      "export_value_usd": 18583240.148401313,
      "active_destinations": 46,
      "yoy_growth_pct": -35.03515933275642
    },
    {
      "year": 2021,
      "export_value_usd": 26780208.40984288,
      "active_destinations": 44,
      "yoy_growth_pct": 44.10946743400256
    },
    {
      "year": 2022,
      "export_value_usd": 35013685.39945163,
      "active_destinations": 50,
      "yoy_growth_pct": 30.74463373698986
    },
    {
      "year": 2023,
      "export_value_usd": 46458222.66067383,
      "active_destinations": 50,
      "yoy_growth_pct": 32.68589733030913
    },
    {
      "year": 2024,
      "export_value_usd": 35063396.15509781,
      "active_destinations": 47,
      "yoy_growth_pct": -24.52703924728821
    }
  ],
  "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
  }
}