{
  "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/840212",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/840212",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/840212",
    "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": "840212",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 110,
    "current_lane_count": 21,
    "active_market_count": 21,
    "exports_latest_observed_lanes_usd": 11890588.965331808,
    "exports_current_2024_usd": 2663582.161879658,
    "exports_avg_3y_usd": 3547631.519424029,
    "exports_avg_5y_usd": 4186290.6815695195,
    "exports_avg_10y_usd": 4115954.50369882,
    "exports_cagr_3y_pct": -5.688212385298264,
    "exports_cagr_5y_pct": 3.2200424722856447,
    "exports_cagr_10y_pct": -5.170700778116089,
    "exports_all_year_lane_avg_usd": 13473932.65912232,
    "exports_historical_lane_peak_usd": 47047481.02898469,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 52,
    "trend_acceleration_pct": -0.5175116071821746,
    "trend_label": "Declining",
    "top_market_iso3": "HRV",
    "top_market_exports_usd": 1348206.1777403466,
    "top_market_share_pct": 11.338430599789257,
    "destination_hhi": 526.996927891752,
    "weighted_share_latest_pct": 30.538701693710426,
    "weighted_share_change_1y_pp": 21.627966267831862,
    "weighted_volatility_cv": 0.9511153128507602,
    "weighted_max_drawdown_pct": 48.347691409098445,
    "limited_history_lane_share_pct": 66.36363636363636,
    "data_freshness_years": 0,
    "coverage_score": 80.5,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 840212,
      "hs_description": "Boilers: watertube boilers with a steam production not exceeding 45t per hour",
      "hs_chapter": 84,
      "hs_heading": 8402,
      "substitution_elasticity": -8.3461657,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Boilers: watertube boilers with a steam production not exceeding 45t per hour",
    "hs_chapter": 84,
    "hs_heading": 8402,
    "destinations": [
      {
        "hs_code": 840212,
        "corridor_rank": 47,
        "exporter_iso3": "BEL",
        "importer_iso3": "ARE",
        "latest_data_year": 2022,
        "lane_data_years": 6,
        "exports_latest_observed_usd": 320288.8525556435,
        "exports_all_year_avg_usd": 60142.91694044394,
        "exports_avg_3y_usd": 320288.8525556435,
        "exports_avg_5y_usd": 320288.8525556435,
        "exports_avg_10y_usd": 320288.8525556435,
        "exports_cagr_3y_pct": 252.6524213810228,
        "exports_cagr_5y_pct": 113.01398744733046,
        "exports_cagr_10y_pct": 45.949987135090375,
        "exports_historical_peak_usd": 320288.8525556435,
        "buyer_imports_latest_observed_usd": 13564697.498372199,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": 206.70243424593244,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 18.424,
        "buyer_yoy_all_avg_pct": 156.787,
        "buyer_trend_consistency_pct": 55.1724,
        "market_share_latest_pct": 10.329482960253124,
        "market_share_change_1y_pp": 10.148668960940546,
        "peer_best_share_pct": 34.897118084829124,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 14,
        "buyer_market_hhi": 2561.23,
        "distance_km": 5159.97021484375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.052146291145454514,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.936702900062106,
        "max_drawdown_pct": 99.45024745017611,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 840212,
        "corridor_rank": 49,
        "exporter_iso3": "BEL",
        "importer_iso3": "CAN",
        "latest_data_year": 2024,
        "lane_data_years": 4,
        "exports_latest_observed_usd": 286068.7499840168,
        "exports_all_year_avg_usd": 102491.67155947603,
        "exports_avg_3y_usd": 286068.7499840168,
        "exports_avg_5y_usd": 286068.7499840168,
        "exports_avg_10y_usd": 286068.7499840168,
        "exports_cagr_3y_pct": 85.64640839008406,
        "exports_cagr_5y_pct": 44.94790108241875,
        "exports_cagr_10y_pct": 20.394310946331174,
        "exports_historical_peak_usd": 286068.7499840168,
        "buyer_imports_latest_observed_usd": 12054287.295213116,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": 65.25209744375289,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -15.6403,
        "buyer_yoy_all_avg_pct": 13.8893,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 2.3731701674110397,
        "market_share_change_1y_pp": 2.1663078247027707,
        "peer_best_share_pct": 94.89105562118311,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 7,
        "buyer_market_hhi": 9016.34,
        "distance_km": 6031.53369140625,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.07329710050202023,
        "tariff_advantage_pp": 0.07145157520060609,
        "volatility_cv": 1.0583218008409319,
        "max_drawdown_pct": 90.13974658761916,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','limited_history']",
        "signal_flag": "Growing",
        "confidence_label": "Low",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 840212,
        "corridor_rank": 50,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 5,
        "exports_latest_observed_usd": 267368.1027027303,
        "exports_all_year_avg_usd": 129659.16134990644,
        "exports_avg_3y_usd": 232763.16906459426,
        "exports_avg_5y_usd": 232763.16906459426,
        "exports_avg_10y_usd": 164426.23597715766,
        "exports_cagr_3y_pct": 112.78279379133411,
        "exports_cagr_5y_pct": 57.31201866735902,
        "exports_cagr_10y_pct": 58.51460233536696,
        "exports_historical_peak_usd": 267368.1027027303,
        "buyer_imports_latest_observed_usd": 19303530.695336275,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 75,
        "trend_acceleration_pct": 54.268191455967155,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 82.4651,
        "buyer_yoy_all_avg_pct": 29.0984,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 1.3850735749979992,
        "market_share_change_1y_pp": -0.48800145846395004,
        "peer_best_share_pct": 82.00478620386382,
        "peer_top_exporter": "CAN",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 6776.71,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.7764952513919086,
        "max_drawdown_pct": 98.24781081228377,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Stable",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 840212,
        "corridor_rank": 66,
        "exporter_iso3": "BEL",
        "importer_iso3": "VNM",
        "latest_data_year": 2014,
        "lane_data_years": 4,
        "exports_latest_observed_usd": 125586.4193016667,
        "exports_all_year_avg_usd": 87208.65748446924,
        "exports_avg_3y_usd": 125586.4193016667,
        "exports_avg_5y_usd": 63479.939014508986,
        "exports_avg_10y_usd": 87208.65748446924,
        "exports_cagr_3y_pct": 350.5147573571661,
        "exports_cagr_5y_pct": 26.374587865673817,
        "exports_cagr_10y_pct": null,
        "exports_historical_peak_usd": 182912.51195204264,
        "buyer_imports_latest_observed_usd": 15123773.276592191,
        "historical_peak_year": 2007,
        "positive_growth_year_share_pct": 33.333333333333336,
        "trend_acceleration_pct": null,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -11.0602,
        "buyer_yoy_all_avg_pct": 18.2889,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 0.9020313925019505,
        "market_share_change_1y_pp": 0.8909399023899441,
        "peer_best_share_pct": 74.37952136712123,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 13,
        "buyer_market_hhi": 5711.24,
        "distance_km": 8989.9501953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.15905857597826087,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.8174329857975492,
        "max_drawdown_pct": 99.2491171256172,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','limited_history']",
        "signal_flag": "Slowing",
        "confidence_label": "Low",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 840212,
        "corridor_rank": 74,
        "exporter_iso3": "BEL",
        "importer_iso3": "IDN",
        "latest_data_year": 2024,
        "lane_data_years": 5,
        "exports_latest_observed_usd": 89294.79955681376,
        "exports_all_year_avg_usd": 82122.99020471427,
        "exports_avg_3y_usd": 89294.79955681376,
        "exports_avg_5y_usd": 89294.79955681376,
        "exports_avg_10y_usd": 44968.90237827863,
        "exports_cagr_3y_pct": 417.84989668629146,
        "exports_cagr_5y_pct": 168.23925632041977,
        "exports_cagr_10y_pct": 220.31343500328228,
        "exports_historical_peak_usd": 163286.48986312546,
        "buyer_imports_latest_observed_usd": 47820807.110921144,
        "historical_peak_year": 2013,
        "positive_growth_year_share_pct": 75,
        "trend_acceleration_pct": 197.53646168300918,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -3.4421,
        "buyer_yoy_all_avg_pct": 24.1545,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 0.18672792232404817,
        "market_share_change_1y_pp": 0.18493191058476616,
        "peer_best_share_pct": 66.304385924343,
        "peer_top_exporter": "MYS",
        "supplier_count_latest": 19,
        "buyer_market_hhi": 4981.44,
        "distance_km": 11416.2841796875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.17946165427272728,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.8727859593218444,
        "max_drawdown_pct": 99.9995190229375,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Slowing",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 840212,
      "num_markets": 48,
      "highest_price_importer_iso3": "BOL",
      "highest_price_usd_per_ton": 2160000,
      "lowest_price_importer_iso3": "MAR",
      "lowest_price_usd_per_ton": 310.3333333333333,
      "median_price_across_markets": 22972.39263803681,
      "price_spread_pct": 9401.239569145857,
      "avg_quantity_metric_tons": 30.175666666666668,
      "total_trade_value_usd": 35869222
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 4355879.462787671,
        "active_destinations": 21,
        "yoy_growth_pct": 205.79392323646493
      },
      {
        "year": 2011,
        "export_value_usd": 3459934.0241650776,
        "active_destinations": 14,
        "yoy_growth_pct": -20.56864626940818
      },
      {
        "year": 2012,
        "export_value_usd": 4561982.4234218635,
        "active_destinations": 22,
        "yoy_growth_pct": 31.85171715876065
      },
      {
        "year": 2013,
        "export_value_usd": 2045507.371624577,
        "active_destinations": 14,
        "yoy_growth_pct": -55.161875216295165
      },
      {
        "year": 2014,
        "export_value_usd": 4529400.105978832,
        "active_destinations": 17,
        "yoy_growth_pct": 121.43161979325963
      },
      {
        "year": 2015,
        "export_value_usd": 3672703.3276322223,
        "active_destinations": 14,
        "yoy_growth_pct": -18.914133401811096
      },
      {
        "year": 2016,
        "export_value_usd": 3136319.125977424,
        "active_destinations": 16,
        "yoy_growth_pct": -14.604615559858008
      },
      {
        "year": 2017,
        "export_value_usd": 7056256.764335822,
        "active_destinations": 20,
        "yoy_growth_pct": 124.9852926601263
      },
      {
        "year": 2018,
        "export_value_usd": 4089569.0545715583,
        "active_destinations": 17,
        "yoy_growth_pct": -42.043363908732516
      },
      {
        "year": 2019,
        "export_value_usd": 2273243.3566235728,
        "active_destinations": 16,
        "yoy_growth_pct": -44.41362093929166
      },
      {
        "year": 2020,
        "export_value_usd": 7113380.18500143,
        "active_destinations": 15,
        "yoy_growth_pct": 212.91767176070704
      },
      {
        "year": 2021,
        "export_value_usd": 3175178.664574079,
        "active_destinations": 15,
        "yoy_growth_pct": -55.363293089986286
      },
      {
        "year": 2022,
        "export_value_usd": 6007772.623784617,
        "active_destinations": 20,
        "yoy_growth_pct": 89.21053768766437
      },
      {
        "year": 2023,
        "export_value_usd": 1971539.7726078155,
        "active_destinations": 21,
        "yoy_growth_pct": -67.18351548787747
      },
      {
        "year": 2024,
        "export_value_usd": 2663582.161879658,
        "active_destinations": 21,
        "yoy_growth_pct": 35.101619499994
      }
    ],
    "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": "840212",
    "hs_description": "Boilers: watertube boilers with a steam production not exceeding 45t per hour",
    "hs_chapter": 84,
    "hs_heading": 8402
  },
  "destinations": [
    {
      "hs_code": 840212,
      "corridor_rank": 47,
      "exporter_iso3": "BEL",
      "importer_iso3": "ARE",
      "latest_data_year": 2022,
      "lane_data_years": 6,
      "exports_latest_observed_usd": 320288.8525556435,
      "exports_all_year_avg_usd": 60142.91694044394,
      "exports_avg_3y_usd": 320288.8525556435,
      "exports_avg_5y_usd": 320288.8525556435,
      "exports_avg_10y_usd": 320288.8525556435,
      "exports_cagr_3y_pct": 252.6524213810228,
      "exports_cagr_5y_pct": 113.01398744733046,
      "exports_cagr_10y_pct": 45.949987135090375,
      "exports_historical_peak_usd": 320288.8525556435,
      "buyer_imports_latest_observed_usd": 13564697.498372199,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": 206.70243424593244,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 18.424,
      "buyer_yoy_all_avg_pct": 156.787,
      "buyer_trend_consistency_pct": 55.1724,
      "market_share_latest_pct": 10.329482960253124,
      "market_share_change_1y_pp": 10.148668960940546,
      "peer_best_share_pct": 34.897118084829124,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 14,
      "buyer_market_hhi": 2561.23,
      "distance_km": 5159.97021484375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.052146291145454514,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.936702900062106,
      "max_drawdown_pct": 99.45024745017611,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market']",
      "signal_flag": "Accelerating",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 840212,
      "corridor_rank": 49,
      "exporter_iso3": "BEL",
      "importer_iso3": "CAN",
      "latest_data_year": 2024,
      "lane_data_years": 4,
      "exports_latest_observed_usd": 286068.7499840168,
      "exports_all_year_avg_usd": 102491.67155947603,
      "exports_avg_3y_usd": 286068.7499840168,
      "exports_avg_5y_usd": 286068.7499840168,
      "exports_avg_10y_usd": 286068.7499840168,
      "exports_cagr_3y_pct": 85.64640839008406,
      "exports_cagr_5y_pct": 44.94790108241875,
      "exports_cagr_10y_pct": 20.394310946331174,
      "exports_historical_peak_usd": 286068.7499840168,
      "buyer_imports_latest_observed_usd": 12054287.295213116,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": 65.25209744375289,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -15.6403,
      "buyer_yoy_all_avg_pct": 13.8893,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 2.3731701674110397,
      "market_share_change_1y_pp": 2.1663078247027707,
      "peer_best_share_pct": 94.89105562118311,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 7,
      "buyer_market_hhi": 9016.34,
      "distance_km": 6031.53369140625,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.07329710050202023,
      "tariff_advantage_pp": 0.07145157520060609,
      "volatility_cv": 1.0583218008409319,
      "max_drawdown_pct": 90.13974658761916,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier','limited_history']",
      "signal_flag": "Growing",
      "confidence_label": "Low",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 840212,
      "corridor_rank": 50,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 5,
      "exports_latest_observed_usd": 267368.1027027303,
      "exports_all_year_avg_usd": 129659.16134990644,
      "exports_avg_3y_usd": 232763.16906459426,
      "exports_avg_5y_usd": 232763.16906459426,
      "exports_avg_10y_usd": 164426.23597715766,
      "exports_cagr_3y_pct": 112.78279379133411,
      "exports_cagr_5y_pct": 57.31201866735902,
      "exports_cagr_10y_pct": 58.51460233536696,
      "exports_historical_peak_usd": 267368.1027027303,
      "buyer_imports_latest_observed_usd": 19303530.695336275,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 75,
      "trend_acceleration_pct": 54.268191455967155,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 82.4651,
      "buyer_yoy_all_avg_pct": 29.0984,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 1.3850735749979992,
      "market_share_change_1y_pp": -0.48800145846395004,
      "peer_best_share_pct": 82.00478620386382,
      "peer_top_exporter": "CAN",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 6776.71,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.7764952513919086,
      "max_drawdown_pct": 98.24781081228377,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Stable",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 840212,
      "corridor_rank": 66,
      "exporter_iso3": "BEL",
      "importer_iso3": "VNM",
      "latest_data_year": 2014,
      "lane_data_years": 4,
      "exports_latest_observed_usd": 125586.4193016667,
      "exports_all_year_avg_usd": 87208.65748446924,
      "exports_avg_3y_usd": 125586.4193016667,
      "exports_avg_5y_usd": 63479.939014508986,
      "exports_avg_10y_usd": 87208.65748446924,
      "exports_cagr_3y_pct": 350.5147573571661,
      "exports_cagr_5y_pct": 26.374587865673817,
      "exports_cagr_10y_pct": null,
      "exports_historical_peak_usd": 182912.51195204264,
      "buyer_imports_latest_observed_usd": 15123773.276592191,
      "historical_peak_year": 2007,
      "positive_growth_year_share_pct": 33.333333333333336,
      "trend_acceleration_pct": null,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -11.0602,
      "buyer_yoy_all_avg_pct": 18.2889,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 0.9020313925019505,
      "market_share_change_1y_pp": 0.8909399023899441,
      "peer_best_share_pct": 74.37952136712123,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 13,
      "buyer_market_hhi": 5711.24,
      "distance_km": 8989.9501953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.15905857597826087,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.8174329857975492,
      "max_drawdown_pct": 99.2491171256172,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','limited_history']",
      "signal_flag": "Slowing",
      "confidence_label": "Low",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 840212,
      "corridor_rank": 74,
      "exporter_iso3": "BEL",
      "importer_iso3": "IDN",
      "latest_data_year": 2024,
      "lane_data_years": 5,
      "exports_latest_observed_usd": 89294.79955681376,
      "exports_all_year_avg_usd": 82122.99020471427,
      "exports_avg_3y_usd": 89294.79955681376,
      "exports_avg_5y_usd": 89294.79955681376,
      "exports_avg_10y_usd": 44968.90237827863,
      "exports_cagr_3y_pct": 417.84989668629146,
      "exports_cagr_5y_pct": 168.23925632041977,
      "exports_cagr_10y_pct": 220.31343500328228,
      "exports_historical_peak_usd": 163286.48986312546,
      "buyer_imports_latest_observed_usd": 47820807.110921144,
      "historical_peak_year": 2013,
      "positive_growth_year_share_pct": 75,
      "trend_acceleration_pct": 197.53646168300918,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -3.4421,
      "buyer_yoy_all_avg_pct": 24.1545,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 0.18672792232404817,
      "market_share_change_1y_pp": 0.18493191058476616,
      "peer_best_share_pct": 66.304385924343,
      "peer_top_exporter": "MYS",
      "supplier_count_latest": 19,
      "buyer_market_hhi": 4981.44,
      "distance_km": 11416.2841796875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.17946165427272728,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.8727859593218444,
      "max_drawdown_pct": 99.9995190229375,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Slowing",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 840212,
    "num_markets": 48,
    "highest_price_importer_iso3": "BOL",
    "highest_price_usd_per_ton": 2160000,
    "lowest_price_importer_iso3": "MAR",
    "lowest_price_usd_per_ton": 310.3333333333333,
    "median_price_across_markets": 22972.39263803681,
    "price_spread_pct": 9401.239569145857,
    "avg_quantity_metric_tons": 30.175666666666668,
    "total_trade_value_usd": 35869222
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 4355879.462787671,
      "active_destinations": 21,
      "yoy_growth_pct": 205.79392323646493
    },
    {
      "year": 2011,
      "export_value_usd": 3459934.0241650776,
      "active_destinations": 14,
      "yoy_growth_pct": -20.56864626940818
    },
    {
      "year": 2012,
      "export_value_usd": 4561982.4234218635,
      "active_destinations": 22,
      "yoy_growth_pct": 31.85171715876065
    },
    {
      "year": 2013,
      "export_value_usd": 2045507.371624577,
      "active_destinations": 14,
      "yoy_growth_pct": -55.161875216295165
    },
    {
      "year": 2014,
      "export_value_usd": 4529400.105978832,
      "active_destinations": 17,
      "yoy_growth_pct": 121.43161979325963
    },
    {
      "year": 2015,
      "export_value_usd": 3672703.3276322223,
      "active_destinations": 14,
      "yoy_growth_pct": -18.914133401811096
    },
    {
      "year": 2016,
      "export_value_usd": 3136319.125977424,
      "active_destinations": 16,
      "yoy_growth_pct": -14.604615559858008
    },
    {
      "year": 2017,
      "export_value_usd": 7056256.764335822,
      "active_destinations": 20,
      "yoy_growth_pct": 124.9852926601263
    },
    {
      "year": 2018,
      "export_value_usd": 4089569.0545715583,
      "active_destinations": 17,
      "yoy_growth_pct": -42.043363908732516
    },
    {
      "year": 2019,
      "export_value_usd": 2273243.3566235728,
      "active_destinations": 16,
      "yoy_growth_pct": -44.41362093929166
    },
    {
      "year": 2020,
      "export_value_usd": 7113380.18500143,
      "active_destinations": 15,
      "yoy_growth_pct": 212.91767176070704
    },
    {
      "year": 2021,
      "export_value_usd": 3175178.664574079,
      "active_destinations": 15,
      "yoy_growth_pct": -55.363293089986286
    },
    {
      "year": 2022,
      "export_value_usd": 6007772.623784617,
      "active_destinations": 20,
      "yoy_growth_pct": 89.21053768766437
    },
    {
      "year": 2023,
      "export_value_usd": 1971539.7726078155,
      "active_destinations": 21,
      "yoy_growth_pct": -67.18351548787747
    },
    {
      "year": 2024,
      "export_value_usd": 2663582.161879658,
      "active_destinations": 21,
      "yoy_growth_pct": 35.101619499994
    }
  ],
  "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
  }
}