{
  "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/721914",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/721914",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/721914",
    "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": "721914",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 127,
    "current_lane_count": 27,
    "active_market_count": 27,
    "exports_latest_observed_lanes_usd": 303819016.8030245,
    "exports_current_2024_usd": 301797709.12808895,
    "exports_avg_3y_usd": 372829643.30474836,
    "exports_avg_5y_usd": 379782297.36872447,
    "exports_avg_10y_usd": 367586808.2176746,
    "exports_cagr_3y_pct": -15.163984097946969,
    "exports_cagr_5y_pct": -2.368911224221415,
    "exports_cagr_10y_pct": -3.3374416624723957,
    "exports_all_year_lane_avg_usd": 304627406.9522535,
    "exports_historical_lane_peak_usd": 644595631.4330062,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 48,
    "trend_acceleration_pct": -11.826542435474574,
    "trend_label": "Rapid decline",
    "top_market_iso3": "FRA",
    "top_market_exports_usd": 276112813.21463823,
    "top_market_share_pct": 90.88068815443864,
    "destination_hhi": 8299.934440601424,
    "weighted_share_latest_pct": 92.17224720252361,
    "weighted_share_change_1y_pp": -1.8257341664768054,
    "weighted_volatility_cv": 0.562494010904348,
    "weighted_max_drawdown_pct": 72.44075638927673,
    "limited_history_lane_share_pct": 42.51968503937008,
    "data_freshness_years": 0,
    "coverage_score": 93.5,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 721914,
      "hs_description": "Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm",
      "hs_chapter": 72,
      "hs_heading": 7219,
      "substitution_elasticity": -29.558874,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm",
    "hs_chapter": 72,
    "hs_heading": 7219,
    "destinations": [
      {
        "hs_code": 721914,
        "corridor_rank": 2,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 276112813.21463823,
        "exports_all_year_avg_usd": 232934743.8136703,
        "exports_avg_3y_usd": 330472691.5916626,
        "exports_avg_5y_usd": 335085501.9928486,
        "exports_avg_10y_usd": 323004478.2581662,
        "exports_cagr_3y_pct": -13.8894955170475,
        "exports_cagr_5y_pct": -1.571635759034673,
        "exports_cagr_10y_pct": -3.0986559956205806,
        "exports_historical_peak_usd": 432432334.39460856,
        "buyer_imports_latest_observed_usd": 278872097.3722483,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": -10.79083952142692,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -11.2147,
        "buyer_yoy_all_avg_pct": 250.8263,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 99.01055566920814,
        "market_share_change_1y_pp": 0.6635302124382889,
        "peer_best_share_pct": 99.01055566920814,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 22,
        "buyer_market_hhi": 9803.44,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.5560349179760529,
        "max_drawdown_pct": 71.10466959895935,
        "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": 721914,
        "corridor_rank": 14,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 19094806.799619313,
        "exports_all_year_avg_usd": 36609060.838288166,
        "exports_avg_3y_usd": 34296563.13008825,
        "exports_avg_5y_usd": 35958917.43452664,
        "exports_avg_10y_usd": 34920619.363749124,
        "exports_cagr_3y_pct": -27.07562364887345,
        "exports_cagr_5y_pct": -10.898886244544382,
        "exports_cagr_10y_pct": -5.138659761980769,
        "exports_historical_peak_usd": 73390327.54770938,
        "buyer_imports_latest_observed_usd": 66407407.93116538,
        "historical_peak_year": 2006,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": -21.93696388689268,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 1.9837,
        "buyer_yoy_all_avg_pct": 16.4178,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 28.75403120599443,
        "market_share_change_1y_pp": -37.00606652617669,
        "peer_best_share_pct": 45.83673694096337,
        "peer_top_exporter": "TWN",
        "supplier_count_latest": 24,
        "buyer_market_hhi": 3033.38,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.4892016947830032,
        "max_drawdown_pct": 84.28986788716362,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 721914,
        "corridor_rank": 47,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 2001983.805657103,
        "exports_all_year_avg_usd": 6780563.327225964,
        "exports_avg_3y_usd": 3200952.463596377,
        "exports_avg_5y_usd": 4622159.296858998,
        "exports_avg_10y_usd": 6032175.4944163,
        "exports_cagr_3y_pct": -39.58325637465827,
        "exports_cagr_5y_pct": -20.553337552149276,
        "exports_cagr_10y_pct": -11.412041279852003,
        "exports_historical_peak_usd": 16862895.543848958,
        "buyer_imports_latest_observed_usd": 185376553.7601174,
        "historical_peak_year": 2007,
        "positive_growth_year_share_pct": 56,
        "trend_acceleration_pct": -28.171215094806264,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 23.9787,
        "buyer_yoy_all_avg_pct": 28.8459,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 1.0799552397806076,
        "market_share_change_1y_pp": -0.3044591144606026,
        "peer_best_share_pct": 71.82426214421275,
        "peer_top_exporter": "FIN",
        "supplier_count_latest": 30,
        "buyer_market_hhi": 5453.86,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.563253135224097,
        "max_drawdown_pct": 88.12787637537515,
        "attention_level": "High attention",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 721914,
        "corridor_rank": 49,
        "exporter_iso3": "BEL",
        "importer_iso3": "FIN",
        "latest_data_year": 2024,
        "lane_data_years": 22,
        "exports_latest_observed_usd": 1960775.935318939,
        "exports_all_year_avg_usd": 1018409.3674727499,
        "exports_avg_3y_usd": 1567792.7688560179,
        "exports_avg_5y_usd": 1564832.3408059187,
        "exports_avg_10y_usd": 1250006.1886321905,
        "exports_cagr_3y_pct": -0.30602193858346727,
        "exports_cagr_5y_pct": 28.56509165136176,
        "exports_cagr_10y_pct": 8.10639725754978,
        "exports_historical_peak_usd": 2010682.1866350821,
        "buyer_imports_latest_observed_usd": 22497118.022341676,
        "historical_peak_year": 2005,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": -8.412419196133246,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": 332.3336,
        "buyer_yoy_all_avg_pct": 52.6152,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 8.71567608513993,
        "market_share_change_1y_pp": -14.583177396467496,
        "peer_best_share_pct": 60.97772589854982,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 12,
        "buyer_market_hhi": 4067.75,
        "distance_km": 1651.581787109375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.03786010987878788,
        "tariff_advantage_pp": 0.03786010987878788,
        "volatility_cv": 0.7390582599612205,
        "max_drawdown_pct": 99.26028188014757,
        "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": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 721914,
        "corridor_rank": 75,
        "exporter_iso3": "BEL",
        "importer_iso3": "THA",
        "latest_data_year": 2005,
        "lane_data_years": 7,
        "exports_latest_observed_usd": 642122.7027036059,
        "exports_all_year_avg_usd": 12041482.29601192,
        "exports_avg_3y_usd": 16925211.448979456,
        "exports_avg_5y_usd": 16206788.418650562,
        "exports_avg_10y_usd": 12041482.296011921,
        "exports_cagr_3y_pct": -65.65339317957249,
        "exports_cagr_5y_pct": -27.539598759286054,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 28533893.18004542,
        "buyer_imports_latest_observed_usd": 14033480.799336405,
        "historical_peak_year": 2004,
        "positive_growth_year_share_pct": 83.33333333333333,
        "trend_acceleration_pct": null,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -3.0172,
        "buyer_yoy_all_avg_pct": 38.6992,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 7.320415734694863,
        "market_share_change_1y_pp": -59.87538249955844,
        "peer_best_share_pct": 59.316729482034305,
        "peer_top_exporter": "IDN",
        "supplier_count_latest": 4,
        "buyer_market_hhi": 4416.44,
        "distance_km": 9260.5419921875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.30575456674545454,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.851149088410849,
        "max_drawdown_pct": 97.74961412152247,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta','buyer_macro_weakness']",
        "signal_flag": "Growing",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 721914,
      "num_markets": 55,
      "highest_price_importer_iso3": "CHN",
      "highest_price_usd_per_ton": 206705.88235294117,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 333.3333333333333,
      "median_price_across_markets": 3192.269326683291,
      "price_spread_pct": 6464.7599528835835,
      "avg_quantity_metric_tons": 5712.222156862746,
      "total_trade_value_usd": 1764218384
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 440345345.3138083,
        "active_destinations": 38,
        "yoy_growth_pct": 131.91448384157968
      },
      {
        "year": 2011,
        "export_value_usd": 458217561.8937689,
        "active_destinations": 36,
        "yoy_growth_pct": 4.058681843729745
      },
      {
        "year": 2012,
        "export_value_usd": 258081957.33172542,
        "active_destinations": 44,
        "yoy_growth_pct": -43.67698255276432
      },
      {
        "year": 2013,
        "export_value_usd": 293765389.84681284,
        "active_destinations": 41,
        "yoy_growth_pct": 13.8263956473415
      },
      {
        "year": 2014,
        "export_value_usd": 423772807.8003345,
        "active_destinations": 46,
        "yoy_growth_pct": 44.25552581987805
      },
      {
        "year": 2015,
        "export_value_usd": 349732118.518626,
        "active_destinations": 44,
        "yoy_growth_pct": -17.471788637413866
      },
      {
        "year": 2016,
        "export_value_usd": 245981739.58729744,
        "active_destinations": 38,
        "yoy_growth_pct": -29.665670791343977
      },
      {
        "year": 2017,
        "export_value_usd": 369172779.89083487,
        "active_destinations": 34,
        "yoy_growth_pct": 50.081376166468516
      },
      {
        "year": 2018,
        "export_value_usd": 471837864.95990026,
        "active_destinations": 35,
        "yoy_growth_pct": 27.80949481146028
      },
      {
        "year": 2019,
        "export_value_usd": 340232092.37646604,
        "active_destinations": 33,
        "yoy_growth_pct": -27.892160073803936
      },
      {
        "year": 2020,
        "export_value_usd": 286140159.6830899,
        "active_destinations": 35,
        "yoy_growth_pct": -15.898539234071876
      },
      {
        "year": 2021,
        "export_value_usd": 494282397.2462871,
        "active_destinations": 33,
        "yoy_growth_pct": 72.74135786941682
      },
      {
        "year": 2022,
        "export_value_usd": 459755643.5034821,
        "active_destinations": 32,
        "yoy_growth_pct": -6.985228269337151
      },
      {
        "year": 2023,
        "export_value_usd": 356935577.28267395,
        "active_destinations": 31,
        "yoy_growth_pct": -22.364068320572862
      },
      {
        "year": 2024,
        "export_value_usd": 301797709.1280889,
        "active_destinations": 27,
        "yoy_growth_pct": -15.447568598889994
      }
    ],
    "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": "721914",
    "hs_description": "Steel, stainless: flat-rolled, width 600mm or more, hot-rolled, in coils, of a thickness of less than 3mm",
    "hs_chapter": 72,
    "hs_heading": 7219
  },
  "destinations": [
    {
      "hs_code": 721914,
      "corridor_rank": 2,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 276112813.21463823,
      "exports_all_year_avg_usd": 232934743.8136703,
      "exports_avg_3y_usd": 330472691.5916626,
      "exports_avg_5y_usd": 335085501.9928486,
      "exports_avg_10y_usd": 323004478.2581662,
      "exports_cagr_3y_pct": -13.8894955170475,
      "exports_cagr_5y_pct": -1.571635759034673,
      "exports_cagr_10y_pct": -3.0986559956205806,
      "exports_historical_peak_usd": 432432334.39460856,
      "buyer_imports_latest_observed_usd": 278872097.3722483,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": -10.79083952142692,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -11.2147,
      "buyer_yoy_all_avg_pct": 250.8263,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 99.01055566920814,
      "market_share_change_1y_pp": 0.6635302124382889,
      "peer_best_share_pct": 99.01055566920814,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 22,
      "buyer_market_hhi": 9803.44,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.5560349179760529,
      "max_drawdown_pct": 71.10466959895935,
      "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": 721914,
      "corridor_rank": 14,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 19094806.799619313,
      "exports_all_year_avg_usd": 36609060.838288166,
      "exports_avg_3y_usd": 34296563.13008825,
      "exports_avg_5y_usd": 35958917.43452664,
      "exports_avg_10y_usd": 34920619.363749124,
      "exports_cagr_3y_pct": -27.07562364887345,
      "exports_cagr_5y_pct": -10.898886244544382,
      "exports_cagr_10y_pct": -5.138659761980769,
      "exports_historical_peak_usd": 73390327.54770938,
      "buyer_imports_latest_observed_usd": 66407407.93116538,
      "historical_peak_year": 2006,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": -21.93696388689268,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 1.9837,
      "buyer_yoy_all_avg_pct": 16.4178,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 28.75403120599443,
      "market_share_change_1y_pp": -37.00606652617669,
      "peer_best_share_pct": 45.83673694096337,
      "peer_top_exporter": "TWN",
      "supplier_count_latest": 24,
      "buyer_market_hhi": 3033.38,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.4892016947830032,
      "max_drawdown_pct": 84.28986788716362,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 721914,
      "corridor_rank": 47,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 2001983.805657103,
      "exports_all_year_avg_usd": 6780563.327225964,
      "exports_avg_3y_usd": 3200952.463596377,
      "exports_avg_5y_usd": 4622159.296858998,
      "exports_avg_10y_usd": 6032175.4944163,
      "exports_cagr_3y_pct": -39.58325637465827,
      "exports_cagr_5y_pct": -20.553337552149276,
      "exports_cagr_10y_pct": -11.412041279852003,
      "exports_historical_peak_usd": 16862895.543848958,
      "buyer_imports_latest_observed_usd": 185376553.7601174,
      "historical_peak_year": 2007,
      "positive_growth_year_share_pct": 56,
      "trend_acceleration_pct": -28.171215094806264,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 23.9787,
      "buyer_yoy_all_avg_pct": 28.8459,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 1.0799552397806076,
      "market_share_change_1y_pp": -0.3044591144606026,
      "peer_best_share_pct": 71.82426214421275,
      "peer_top_exporter": "FIN",
      "supplier_count_latest": 30,
      "buyer_market_hhi": 5453.86,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.563253135224097,
      "max_drawdown_pct": 88.12787637537515,
      "attention_level": "High attention",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 721914,
      "corridor_rank": 49,
      "exporter_iso3": "BEL",
      "importer_iso3": "FIN",
      "latest_data_year": 2024,
      "lane_data_years": 22,
      "exports_latest_observed_usd": 1960775.935318939,
      "exports_all_year_avg_usd": 1018409.3674727499,
      "exports_avg_3y_usd": 1567792.7688560179,
      "exports_avg_5y_usd": 1564832.3408059187,
      "exports_avg_10y_usd": 1250006.1886321905,
      "exports_cagr_3y_pct": -0.30602193858346727,
      "exports_cagr_5y_pct": 28.56509165136176,
      "exports_cagr_10y_pct": 8.10639725754978,
      "exports_historical_peak_usd": 2010682.1866350821,
      "buyer_imports_latest_observed_usd": 22497118.022341676,
      "historical_peak_year": 2005,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": -8.412419196133246,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": 332.3336,
      "buyer_yoy_all_avg_pct": 52.6152,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 8.71567608513993,
      "market_share_change_1y_pp": -14.583177396467496,
      "peer_best_share_pct": 60.97772589854982,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 12,
      "buyer_market_hhi": 4067.75,
      "distance_km": 1651.581787109375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.03786010987878788,
      "tariff_advantage_pp": 0.03786010987878788,
      "volatility_cv": 0.7390582599612205,
      "max_drawdown_pct": 99.26028188014757,
      "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": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 721914,
      "corridor_rank": 75,
      "exporter_iso3": "BEL",
      "importer_iso3": "THA",
      "latest_data_year": 2005,
      "lane_data_years": 7,
      "exports_latest_observed_usd": 642122.7027036059,
      "exports_all_year_avg_usd": 12041482.29601192,
      "exports_avg_3y_usd": 16925211.448979456,
      "exports_avg_5y_usd": 16206788.418650562,
      "exports_avg_10y_usd": 12041482.296011921,
      "exports_cagr_3y_pct": -65.65339317957249,
      "exports_cagr_5y_pct": -27.539598759286054,
      "exports_cagr_10y_pct": null,
      "exports_historical_peak_usd": 28533893.18004542,
      "buyer_imports_latest_observed_usd": 14033480.799336405,
      "historical_peak_year": 2004,
      "positive_growth_year_share_pct": 83.33333333333333,
      "trend_acceleration_pct": null,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -3.0172,
      "buyer_yoy_all_avg_pct": 38.6992,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 7.320415734694863,
      "market_share_change_1y_pp": -59.87538249955844,
      "peer_best_share_pct": 59.316729482034305,
      "peer_top_exporter": "IDN",
      "supplier_count_latest": 4,
      "buyer_market_hhi": 4416.44,
      "distance_km": 9260.5419921875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.30575456674545454,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.851149088410849,
      "max_drawdown_pct": 97.74961412152247,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown','concentrated_buyer_market','dominant_supplier','long_distance_without_fta','buyer_macro_weakness']",
      "signal_flag": "Growing",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 721914,
    "num_markets": 55,
    "highest_price_importer_iso3": "CHN",
    "highest_price_usd_per_ton": 206705.88235294117,
    "lowest_price_importer_iso3": "AGO",
    "lowest_price_usd_per_ton": 333.3333333333333,
    "median_price_across_markets": 3192.269326683291,
    "price_spread_pct": 6464.7599528835835,
    "avg_quantity_metric_tons": 5712.222156862746,
    "total_trade_value_usd": 1764218384
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 440345345.3138083,
      "active_destinations": 38,
      "yoy_growth_pct": 131.91448384157968
    },
    {
      "year": 2011,
      "export_value_usd": 458217561.8937689,
      "active_destinations": 36,
      "yoy_growth_pct": 4.058681843729745
    },
    {
      "year": 2012,
      "export_value_usd": 258081957.33172542,
      "active_destinations": 44,
      "yoy_growth_pct": -43.67698255276432
    },
    {
      "year": 2013,
      "export_value_usd": 293765389.84681284,
      "active_destinations": 41,
      "yoy_growth_pct": 13.8263956473415
    },
    {
      "year": 2014,
      "export_value_usd": 423772807.8003345,
      "active_destinations": 46,
      "yoy_growth_pct": 44.25552581987805
    },
    {
      "year": 2015,
      "export_value_usd": 349732118.518626,
      "active_destinations": 44,
      "yoy_growth_pct": -17.471788637413866
    },
    {
      "year": 2016,
      "export_value_usd": 245981739.58729744,
      "active_destinations": 38,
      "yoy_growth_pct": -29.665670791343977
    },
    {
      "year": 2017,
      "export_value_usd": 369172779.89083487,
      "active_destinations": 34,
      "yoy_growth_pct": 50.081376166468516
    },
    {
      "year": 2018,
      "export_value_usd": 471837864.95990026,
      "active_destinations": 35,
      "yoy_growth_pct": 27.80949481146028
    },
    {
      "year": 2019,
      "export_value_usd": 340232092.37646604,
      "active_destinations": 33,
      "yoy_growth_pct": -27.892160073803936
    },
    {
      "year": 2020,
      "export_value_usd": 286140159.6830899,
      "active_destinations": 35,
      "yoy_growth_pct": -15.898539234071876
    },
    {
      "year": 2021,
      "export_value_usd": 494282397.2462871,
      "active_destinations": 33,
      "yoy_growth_pct": 72.74135786941682
    },
    {
      "year": 2022,
      "export_value_usd": 459755643.5034821,
      "active_destinations": 32,
      "yoy_growth_pct": -6.985228269337151
    },
    {
      "year": 2023,
      "export_value_usd": 356935577.28267395,
      "active_destinations": 31,
      "yoy_growth_pct": -22.364068320572862
    },
    {
      "year": 2024,
      "export_value_usd": 301797709.1280889,
      "active_destinations": 27,
      "yoy_growth_pct": -15.447568598889994
    }
  ],
  "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
  }
}