{
  "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/722550",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/722550",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/722550",
    "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": "722550",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 112,
    "current_lane_count": 43,
    "active_market_count": 43,
    "exports_latest_observed_lanes_usd": 213312659.269753,
    "exports_current_2024_usd": 210397240.28964767,
    "exports_avg_3y_usd": 242036222.68255898,
    "exports_avg_5y_usd": 237094884.32959357,
    "exports_avg_10y_usd": 244224682.32922912,
    "exports_cagr_3y_pct": -5.379868171949909,
    "exports_cagr_5y_pct": -2.4362801452945115,
    "exports_cagr_10y_pct": -2.2472791338978393,
    "exports_all_year_lane_avg_usd": 150503906.5374515,
    "exports_historical_lane_peak_usd": 423255268.99514943,
    "historical_peak_year": 2018,
    "positive_growth_year_share_pct": 60,
    "trend_acceleration_pct": -3.1325890380520693,
    "trend_label": "Declining",
    "top_market_iso3": "DEU",
    "top_market_exports_usd": 52859676.95152601,
    "top_market_share_pct": 24.78037502906951,
    "destination_hhi": 1510.8352254051788,
    "weighted_share_latest_pct": 28.069692392308646,
    "weighted_share_change_1y_pp": -4.5238470322407665,
    "weighted_volatility_cv": 0.8511755920741697,
    "weighted_max_drawdown_pct": 70.61498633636643,
    "limited_history_lane_share_pct": 37.5,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 722550,
      "hs_description": "Steel, alloy: flat-rolled, width 600mm or more, cold-rolled",
      "hs_chapter": 72,
      "hs_heading": 7225,
      "substitution_elasticity": -15.610907,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Steel, alloy: flat-rolled, width 600mm or more, cold-rolled",
    "hs_chapter": 72,
    "hs_heading": 7225,
    "destinations": [
      {
        "hs_code": 722550,
        "corridor_rank": 17,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 52859676.95152601,
        "exports_all_year_avg_usd": 29605722.677867964,
        "exports_avg_3y_usd": 64786997.418152094,
        "exports_avg_5y_usd": 59197244.055997096,
        "exports_avg_10y_usd": 56755675.654178716,
        "exports_cagr_3y_pct": -4.093829938958516,
        "exports_cagr_5y_pct": 1.586760186094338,
        "exports_cagr_10y_pct": 1.0411786566496994,
        "exports_historical_peak_usd": 73872570.96226521,
        "buyer_imports_latest_observed_usd": 214123652.88063332,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 64,
        "trend_acceleration_pct": -5.135008595608215,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -7.3183,
        "buyer_yoy_all_avg_pct": 20.7483,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 24.686519326752514,
        "market_share_change_1y_pp": -4.586030204589445,
        "peer_best_share_pct": 26.175515892534012,
        "peer_top_exporter": "NLD",
        "supplier_count_latest": 34,
        "buyer_market_hhi": 1811.21,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8205444814891386,
        "max_drawdown_pct": 63.39266832748799,
        "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": 722550,
        "corridor_rank": 19,
        "exporter_iso3": "BEL",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 48544782.52551849,
        "exports_all_year_avg_usd": 39692425.790348954,
        "exports_avg_3y_usd": 55795907.298793234,
        "exports_avg_5y_usd": 58587699.35295518,
        "exports_avg_10y_usd": 64252143.24002868,
        "exports_cagr_3y_pct": -11.080804002542767,
        "exports_cagr_5y_pct": -6.313970931776003,
        "exports_cagr_10y_pct": -5.5649388482693185,
        "exports_historical_peak_usd": 86061696.12303694,
        "buyer_imports_latest_observed_usd": 130274098.8745504,
        "historical_peak_year": 2014,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": -5.515865154273448,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 9.6419,
        "buyer_yoy_all_avg_pct": 27.6423,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 37.26357191867088,
        "market_share_change_1y_pp": -10.534269301635604,
        "peer_best_share_pct": 37.26357191867088,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 20,
        "buyer_market_hhi": 2586.78,
        "distance_km": 262.384521484375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.6934592665198258,
        "max_drawdown_pct": 56.89011674654936,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 722550,
        "corridor_rank": 31,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 25,
        "exports_latest_observed_usd": 30449134.50244689,
        "exports_all_year_avg_usd": 8562702.561056454,
        "exports_avg_3y_usd": 30044873.103224773,
        "exports_avg_5y_usd": 26168056.4016188,
        "exports_avg_10y_usd": 19147221.9965352,
        "exports_cagr_3y_pct": 8.950626235405657,
        "exports_cagr_5y_pct": 8.823715503349906,
        "exports_cagr_10y_pct": 21.201012793510298,
        "exports_historical_peak_usd": 32071538.832874417,
        "buyer_imports_latest_observed_usd": 94296090.88953014,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 70.83333333333333,
        "trend_acceleration_pct": -12.25038655810464,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -3.8354,
        "buyer_yoy_all_avg_pct": 27.0188,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 32.290982812976516,
        "market_share_change_1y_pp": -0.4160775852774634,
        "peer_best_share_pct": 32.290982812976516,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 2054.36,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.2103592266459924,
        "max_drawdown_pct": 98.7636389573152,
        "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": 722550,
        "corridor_rank": 56,
        "exporter_iso3": "BEL",
        "importer_iso3": "TUR",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 17627315.820402343,
        "exports_all_year_avg_usd": 9003912.142869426,
        "exports_avg_3y_usd": 16192439.55922697,
        "exports_avg_5y_usd": 17652771.95341187,
        "exports_avg_10y_usd": 16187089.81146791,
        "exports_cagr_3y_pct": 4.344195060649536,
        "exports_cagr_5y_pct": -5.218358993807703,
        "exports_cagr_10y_pct": 4.971310049464495,
        "exports_historical_peak_usd": 24170486.238346975,
        "buyer_imports_latest_observed_usd": 147594898.65064752,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 68.18181818181819,
        "trend_acceleration_pct": -0.6271149888149585,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -37.6022,
        "buyer_yoy_all_avg_pct": 251.3439,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 11.943038669734545,
        "market_share_change_1y_pp": 4.623648274908392,
        "peer_best_share_pct": 21.25434970435138,
        "peer_top_exporter": "KOR",
        "supplier_count_latest": 18,
        "buyer_market_hhi": 1420.58,
        "distance_km": 2179.3916015625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.07943356052620203,
        "tariff_advantage_pp": 0.07065853177226666,
        "volatility_cv": 0.8437760671317408,
        "max_drawdown_pct": 43.58069673886399,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 722550,
        "corridor_rank": 66,
        "exporter_iso3": "BEL",
        "importer_iso3": "PRT",
        "latest_data_year": 2024,
        "lane_data_years": 19,
        "exports_latest_observed_usd": 12518883.863665156,
        "exports_all_year_avg_usd": 7446857.050589014,
        "exports_avg_3y_usd": 15749336.741115851,
        "exports_avg_5y_usd": 13513226.871723186,
        "exports_avg_10y_usd": 12638316.777653664,
        "exports_cagr_3y_pct": 5.620749418092719,
        "exports_cagr_5y_pct": 2.3498317843521965,
        "exports_cagr_10y_pct": 5.893771883735877,
        "exports_historical_peak_usd": 17803341.655963603,
        "buyer_imports_latest_observed_usd": 21823850.026086085,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 44.44444444444444,
        "trend_acceleration_pct": -0.2730224656431579,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -13.3305,
        "buyer_yoy_all_avg_pct": 14.2846,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 57.36331512863821,
        "market_share_change_1y_pp": -9.854364379996461,
        "peer_best_share_pct": 57.36331512863823,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 17,
        "buyer_market_hhi": 3709.24,
        "distance_km": 1711.3958740234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8010012037185221,
        "max_drawdown_pct": 90.03184851851746,
        "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": 722550,
        "corridor_rank": 71,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 24,
        "exports_latest_observed_usd": 11569305.655363927,
        "exports_all_year_avg_usd": 12897988.718192162,
        "exports_avg_3y_usd": 13522411.521546043,
        "exports_avg_5y_usd": 14117350.771204347,
        "exports_avg_10y_usd": 21787094.33216382,
        "exports_cagr_3y_pct": -9.339270909678742,
        "exports_cagr_5y_pct": -13.861861585887802,
        "exports_cagr_10y_pct": -7.585162896349074,
        "exports_historical_peak_usd": 37001374.82869407,
        "buyer_imports_latest_observed_usd": 59987098.52137952,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 60.869565217391305,
        "trend_acceleration_pct": -1.7541080133296685,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -6.207,
        "buyer_yoy_all_avg_pct": 17.2002,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 19.286323127031395,
        "market_share_change_1y_pp": -5.868069763631873,
        "peer_best_share_pct": 54.35616815735622,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 18,
        "buyer_market_hhi": 3556.45,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8534254108291986,
        "max_drawdown_pct": 70.0719913326473,
        "attention_level": "Critical 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": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 722550,
        "corridor_rank": 72,
        "exporter_iso3": "BEL",
        "importer_iso3": "SVK",
        "latest_data_year": 2024,
        "lane_data_years": 18,
        "exports_latest_observed_usd": 10753074.750920521,
        "exports_all_year_avg_usd": 6566476.536545449,
        "exports_avg_3y_usd": 11791013.971817965,
        "exports_avg_5y_usd": 11318279.872998996,
        "exports_avg_10y_usd": 8316075.590559256,
        "exports_cagr_3y_pct": -1.3263305429275007,
        "exports_cagr_5y_pct": 6.5457842847950864,
        "exports_cagr_10y_pct": 14.617025582825738,
        "exports_historical_peak_usd": 13670473.866008166,
        "buyer_imports_latest_observed_usd": 26237188.635895867,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 64.70588235294117,
        "trend_acceleration_pct": -15.943356125753239,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -10.4719,
        "buyer_yoy_all_avg_pct": 34.8656,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 40.98409665816453,
        "market_share_change_1y_pp": -5.663110603909736,
        "peer_best_share_pct": 40.984096658164525,
        "peer_top_exporter": "BEL",
        "supplier_count_latest": 15,
        "buyer_market_hhi": 2550.76,
        "distance_km": 971.3359985351562,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.022876280297619046,
        "tariff_advantage_pp": 0.022876280297619046,
        "volatility_cv": 0.5297067333916954,
        "max_drawdown_pct": 71.61577646260395,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 722550,
      "num_markets": 69,
      "highest_price_importer_iso3": "COD",
      "highest_price_usd_per_ton": 17720,
      "lowest_price_importer_iso3": "PAK",
      "lowest_price_usd_per_ton": 298.28320127558294,
      "median_price_across_markets": 884.1598906063048,
      "price_spread_pct": 1970.4260489330306,
      "avg_quantity_metric_tons": 6432.571246575343,
      "total_trade_value_usd": 1253567087
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 75148998.15671152,
        "active_destinations": 39,
        "yoy_growth_pct": -1.0686783971825966
      },
      {
        "year": 2011,
        "export_value_usd": 166521401.43034506,
        "active_destinations": 33,
        "yoy_growth_pct": 121.58831856026961
      },
      {
        "year": 2012,
        "export_value_usd": 98560784.33901408,
        "active_destinations": 31,
        "yoy_growth_pct": -40.81194159283995
      },
      {
        "year": 2013,
        "export_value_usd": 133240531.18497293,
        "active_destinations": 33,
        "yoy_growth_pct": 35.186151448098094
      },
      {
        "year": 2014,
        "export_value_usd": 264089718.94743314,
        "active_destinations": 41,
        "yoy_growth_pct": 98.20524325350152
      },
      {
        "year": 2015,
        "export_value_usd": 234128264.9199278,
        "active_destinations": 42,
        "yoy_growth_pct": -11.345180019472528
      },
      {
        "year": 2016,
        "export_value_usd": 211809745.56468332,
        "active_destinations": 47,
        "yoy_growth_pct": -9.53260357645304
      },
      {
        "year": 2017,
        "export_value_usd": 282781801.49225813,
        "active_destinations": 48,
        "yoy_growth_pct": 33.50745535261553
      },
      {
        "year": 2018,
        "export_value_usd": 290040900.4892231,
        "active_destinations": 45,
        "yoy_growth_pct": 2.5670318806437504
      },
      {
        "year": 2019,
        "export_value_usd": 238011689.17823103,
        "active_destinations": 40,
        "yoy_growth_pct": -17.938577360376563
      },
      {
        "year": 2020,
        "export_value_usd": 211001326.43578273,
        "active_destinations": 45,
        "yoy_growth_pct": -11.348334544284523
      },
      {
        "year": 2021,
        "export_value_usd": 248364427.16450837,
        "active_destinations": 43,
        "yoy_growth_pct": 17.707519360119722
      },
      {
        "year": 2022,
        "export_value_usd": 261545643.62609497,
        "active_destinations": 46,
        "yoy_growth_pct": 5.307207884829575
      },
      {
        "year": 2023,
        "export_value_usd": 254165784.13193423,
        "active_destinations": 45,
        "yoy_growth_pct": -2.8216334984003675
      },
      {
        "year": 2024,
        "export_value_usd": 210397240.28964764,
        "active_destinations": 43,
        "yoy_growth_pct": -17.220470486132346
      }
    ],
    "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": "722550",
    "hs_description": "Steel, alloy: flat-rolled, width 600mm or more, cold-rolled",
    "hs_chapter": 72,
    "hs_heading": 7225
  },
  "destinations": [
    {
      "hs_code": 722550,
      "corridor_rank": 17,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 52859676.95152601,
      "exports_all_year_avg_usd": 29605722.677867964,
      "exports_avg_3y_usd": 64786997.418152094,
      "exports_avg_5y_usd": 59197244.055997096,
      "exports_avg_10y_usd": 56755675.654178716,
      "exports_cagr_3y_pct": -4.093829938958516,
      "exports_cagr_5y_pct": 1.586760186094338,
      "exports_cagr_10y_pct": 1.0411786566496994,
      "exports_historical_peak_usd": 73872570.96226521,
      "buyer_imports_latest_observed_usd": 214123652.88063332,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 64,
      "trend_acceleration_pct": -5.135008595608215,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -7.3183,
      "buyer_yoy_all_avg_pct": 20.7483,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 24.686519326752514,
      "market_share_change_1y_pp": -4.586030204589445,
      "peer_best_share_pct": 26.175515892534012,
      "peer_top_exporter": "NLD",
      "supplier_count_latest": 34,
      "buyer_market_hhi": 1811.21,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8205444814891386,
      "max_drawdown_pct": 63.39266832748799,
      "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": 722550,
      "corridor_rank": 19,
      "exporter_iso3": "BEL",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 48544782.52551849,
      "exports_all_year_avg_usd": 39692425.790348954,
      "exports_avg_3y_usd": 55795907.298793234,
      "exports_avg_5y_usd": 58587699.35295518,
      "exports_avg_10y_usd": 64252143.24002868,
      "exports_cagr_3y_pct": -11.080804002542767,
      "exports_cagr_5y_pct": -6.313970931776003,
      "exports_cagr_10y_pct": -5.5649388482693185,
      "exports_historical_peak_usd": 86061696.12303694,
      "buyer_imports_latest_observed_usd": 130274098.8745504,
      "historical_peak_year": 2014,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": -5.515865154273448,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 9.6419,
      "buyer_yoy_all_avg_pct": 27.6423,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 37.26357191867088,
      "market_share_change_1y_pp": -10.534269301635604,
      "peer_best_share_pct": 37.26357191867088,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 20,
      "buyer_market_hhi": 2586.78,
      "distance_km": 262.384521484375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.6934592665198258,
      "max_drawdown_pct": 56.89011674654936,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 722550,
      "corridor_rank": 31,
      "exporter_iso3": "BEL",
      "importer_iso3": "ESP",
      "latest_data_year": 2024,
      "lane_data_years": 25,
      "exports_latest_observed_usd": 30449134.50244689,
      "exports_all_year_avg_usd": 8562702.561056454,
      "exports_avg_3y_usd": 30044873.103224773,
      "exports_avg_5y_usd": 26168056.4016188,
      "exports_avg_10y_usd": 19147221.9965352,
      "exports_cagr_3y_pct": 8.950626235405657,
      "exports_cagr_5y_pct": 8.823715503349906,
      "exports_cagr_10y_pct": 21.201012793510298,
      "exports_historical_peak_usd": 32071538.832874417,
      "buyer_imports_latest_observed_usd": 94296090.88953014,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 70.83333333333333,
      "trend_acceleration_pct": -12.25038655810464,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -3.8354,
      "buyer_yoy_all_avg_pct": 27.0188,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 32.290982812976516,
      "market_share_change_1y_pp": -0.4160775852774634,
      "peer_best_share_pct": 32.290982812976516,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 2054.36,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.2103592266459924,
      "max_drawdown_pct": 98.7636389573152,
      "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": 722550,
      "corridor_rank": 56,
      "exporter_iso3": "BEL",
      "importer_iso3": "TUR",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 17627315.820402343,
      "exports_all_year_avg_usd": 9003912.142869426,
      "exports_avg_3y_usd": 16192439.55922697,
      "exports_avg_5y_usd": 17652771.95341187,
      "exports_avg_10y_usd": 16187089.81146791,
      "exports_cagr_3y_pct": 4.344195060649536,
      "exports_cagr_5y_pct": -5.218358993807703,
      "exports_cagr_10y_pct": 4.971310049464495,
      "exports_historical_peak_usd": 24170486.238346975,
      "buyer_imports_latest_observed_usd": 147594898.65064752,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 68.18181818181819,
      "trend_acceleration_pct": -0.6271149888149585,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -37.6022,
      "buyer_yoy_all_avg_pct": 251.3439,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 11.943038669734545,
      "market_share_change_1y_pp": 4.623648274908392,
      "peer_best_share_pct": 21.25434970435138,
      "peer_top_exporter": "KOR",
      "supplier_count_latest": 18,
      "buyer_market_hhi": 1420.58,
      "distance_km": 2179.3916015625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.07943356052620203,
      "tariff_advantage_pp": 0.07065853177226666,
      "volatility_cv": 0.8437760671317408,
      "max_drawdown_pct": 43.58069673886399,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 722550,
      "corridor_rank": 66,
      "exporter_iso3": "BEL",
      "importer_iso3": "PRT",
      "latest_data_year": 2024,
      "lane_data_years": 19,
      "exports_latest_observed_usd": 12518883.863665156,
      "exports_all_year_avg_usd": 7446857.050589014,
      "exports_avg_3y_usd": 15749336.741115851,
      "exports_avg_5y_usd": 13513226.871723186,
      "exports_avg_10y_usd": 12638316.777653664,
      "exports_cagr_3y_pct": 5.620749418092719,
      "exports_cagr_5y_pct": 2.3498317843521965,
      "exports_cagr_10y_pct": 5.893771883735877,
      "exports_historical_peak_usd": 17803341.655963603,
      "buyer_imports_latest_observed_usd": 21823850.026086085,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 44.44444444444444,
      "trend_acceleration_pct": -0.2730224656431579,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -13.3305,
      "buyer_yoy_all_avg_pct": 14.2846,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 57.36331512863821,
      "market_share_change_1y_pp": -9.854364379996461,
      "peer_best_share_pct": 57.36331512863823,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 17,
      "buyer_market_hhi": 3709.24,
      "distance_km": 1711.3958740234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8010012037185221,
      "max_drawdown_pct": 90.03184851851746,
      "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": 722550,
      "corridor_rank": 71,
      "exporter_iso3": "BEL",
      "importer_iso3": "GBR",
      "latest_data_year": 2024,
      "lane_data_years": 24,
      "exports_latest_observed_usd": 11569305.655363927,
      "exports_all_year_avg_usd": 12897988.718192162,
      "exports_avg_3y_usd": 13522411.521546043,
      "exports_avg_5y_usd": 14117350.771204347,
      "exports_avg_10y_usd": 21787094.33216382,
      "exports_cagr_3y_pct": -9.339270909678742,
      "exports_cagr_5y_pct": -13.861861585887802,
      "exports_cagr_10y_pct": -7.585162896349074,
      "exports_historical_peak_usd": 37001374.82869407,
      "buyer_imports_latest_observed_usd": 59987098.52137952,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 60.869565217391305,
      "trend_acceleration_pct": -1.7541080133296685,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -6.207,
      "buyer_yoy_all_avg_pct": 17.2002,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 19.286323127031395,
      "market_share_change_1y_pp": -5.868069763631873,
      "peer_best_share_pct": 54.35616815735622,
      "peer_top_exporter": "JPN",
      "supplier_count_latest": 18,
      "buyer_market_hhi": 3556.45,
      "distance_km": 323.77960205078125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8534254108291986,
      "max_drawdown_pct": 70.0719913326473,
      "attention_level": "Critical 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": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 722550,
      "corridor_rank": 72,
      "exporter_iso3": "BEL",
      "importer_iso3": "SVK",
      "latest_data_year": 2024,
      "lane_data_years": 18,
      "exports_latest_observed_usd": 10753074.750920521,
      "exports_all_year_avg_usd": 6566476.536545449,
      "exports_avg_3y_usd": 11791013.971817965,
      "exports_avg_5y_usd": 11318279.872998996,
      "exports_avg_10y_usd": 8316075.590559256,
      "exports_cagr_3y_pct": -1.3263305429275007,
      "exports_cagr_5y_pct": 6.5457842847950864,
      "exports_cagr_10y_pct": 14.617025582825738,
      "exports_historical_peak_usd": 13670473.866008166,
      "buyer_imports_latest_observed_usd": 26237188.635895867,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 64.70588235294117,
      "trend_acceleration_pct": -15.943356125753239,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": -10.4719,
      "buyer_yoy_all_avg_pct": 34.8656,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 40.98409665816453,
      "market_share_change_1y_pp": -5.663110603909736,
      "peer_best_share_pct": 40.984096658164525,
      "peer_top_exporter": "BEL",
      "supplier_count_latest": 15,
      "buyer_market_hhi": 2550.76,
      "distance_km": 971.3359985351562,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.022876280297619046,
      "tariff_advantage_pp": 0.022876280297619046,
      "volatility_cv": 0.5297067333916954,
      "max_drawdown_pct": 71.61577646260395,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 722550,
    "num_markets": 69,
    "highest_price_importer_iso3": "COD",
    "highest_price_usd_per_ton": 17720,
    "lowest_price_importer_iso3": "PAK",
    "lowest_price_usd_per_ton": 298.28320127558294,
    "median_price_across_markets": 884.1598906063048,
    "price_spread_pct": 1970.4260489330306,
    "avg_quantity_metric_tons": 6432.571246575343,
    "total_trade_value_usd": 1253567087
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 75148998.15671152,
      "active_destinations": 39,
      "yoy_growth_pct": -1.0686783971825966
    },
    {
      "year": 2011,
      "export_value_usd": 166521401.43034506,
      "active_destinations": 33,
      "yoy_growth_pct": 121.58831856026961
    },
    {
      "year": 2012,
      "export_value_usd": 98560784.33901408,
      "active_destinations": 31,
      "yoy_growth_pct": -40.81194159283995
    },
    {
      "year": 2013,
      "export_value_usd": 133240531.18497293,
      "active_destinations": 33,
      "yoy_growth_pct": 35.186151448098094
    },
    {
      "year": 2014,
      "export_value_usd": 264089718.94743314,
      "active_destinations": 41,
      "yoy_growth_pct": 98.20524325350152
    },
    {
      "year": 2015,
      "export_value_usd": 234128264.9199278,
      "active_destinations": 42,
      "yoy_growth_pct": -11.345180019472528
    },
    {
      "year": 2016,
      "export_value_usd": 211809745.56468332,
      "active_destinations": 47,
      "yoy_growth_pct": -9.53260357645304
    },
    {
      "year": 2017,
      "export_value_usd": 282781801.49225813,
      "active_destinations": 48,
      "yoy_growth_pct": 33.50745535261553
    },
    {
      "year": 2018,
      "export_value_usd": 290040900.4892231,
      "active_destinations": 45,
      "yoy_growth_pct": 2.5670318806437504
    },
    {
      "year": 2019,
      "export_value_usd": 238011689.17823103,
      "active_destinations": 40,
      "yoy_growth_pct": -17.938577360376563
    },
    {
      "year": 2020,
      "export_value_usd": 211001326.43578273,
      "active_destinations": 45,
      "yoy_growth_pct": -11.348334544284523
    },
    {
      "year": 2021,
      "export_value_usd": 248364427.16450837,
      "active_destinations": 43,
      "yoy_growth_pct": 17.707519360119722
    },
    {
      "year": 2022,
      "export_value_usd": 261545643.62609497,
      "active_destinations": 46,
      "yoy_growth_pct": 5.307207884829575
    },
    {
      "year": 2023,
      "export_value_usd": 254165784.13193423,
      "active_destinations": 45,
      "yoy_growth_pct": -2.8216334984003675
    },
    {
      "year": 2024,
      "export_value_usd": 210397240.28964764,
      "active_destinations": 43,
      "yoy_growth_pct": -17.220470486132346
    }
  ],
  "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
  }
}