{
  "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/841869",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/841869",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/841869",
    "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": "841869",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 180,
    "current_lane_count": 135,
    "active_market_count": 135,
    "exports_latest_observed_lanes_usd": 121802068.77742565,
    "exports_current_2024_usd": 121437855.85783277,
    "exports_avg_3y_usd": 129233296.66120534,
    "exports_avg_5y_usd": 134030300.06833053,
    "exports_avg_10y_usd": 123594851.1976603,
    "exports_cagr_3y_pct": -5.920460587845911,
    "exports_cagr_5y_pct": -1.7690301659266883,
    "exports_cagr_10y_pct": -0.06271080673837526,
    "exports_all_year_lane_avg_usd": 214851900.5660549,
    "exports_historical_lane_peak_usd": 805773275.6344591,
    "historical_peak_year": 2008,
    "positive_growth_year_share_pct": 72,
    "trend_acceleration_pct": -5.857749781107536,
    "trend_label": "Declining",
    "top_market_iso3": "ESP",
    "top_market_exports_usd": 20954286.643457737,
    "top_market_share_pct": 17.203555615913587,
    "destination_hhi": 712.2635728273283,
    "weighted_share_latest_pct": 5.09118903367266,
    "weighted_share_change_1y_pp": 1.2770624529785726,
    "weighted_volatility_cv": 0.9477585869074869,
    "weighted_max_drawdown_pct": 91.2181226591913,
    "limited_history_lane_share_pct": 16.11111111111111,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 841869,
      "hs_description": "Refrigerating or freezing equipment: heat pumps, other than compression type units whose condensers are heat exchangers",
      "hs_chapter": 84,
      "hs_heading": 8418,
      "substitution_elasticity": -13.017743,
      "price_range_label": "High price range",
      "trade_type_label": "Two-way vertical trade"
    },
    "hs_description": "Refrigerating or freezing equipment: heat pumps, other than compression type units whose condensers are heat exchangers",
    "hs_chapter": 84,
    "hs_heading": 8418,
    "destinations": [],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 841869,
      "num_markets": 168,
      "highest_price_importer_iso3": "ECU",
      "highest_price_usd_per_ton": 7254393.548387097,
      "lowest_price_importer_iso3": "MOZ",
      "lowest_price_usd_per_ton": 100,
      "median_price_across_markets": 22395.536419870834,
      "price_spread_pct": 32391.69364994802,
      "avg_quantity_metric_tons": 57.95953755522827,
      "total_trade_value_usd": 724464694
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 93619687.20754844,
        "active_destinations": 112,
        "yoy_growth_pct": -9.868405940439322
      },
      {
        "year": 2011,
        "export_value_usd": 109273841.93208417,
        "active_destinations": 112,
        "yoy_growth_pct": 16.72100729180129
      },
      {
        "year": 2012,
        "export_value_usd": 103907100.46664439,
        "active_destinations": 116,
        "yoy_growth_pct": -4.91127736569866
      },
      {
        "year": 2013,
        "export_value_usd": 113353182.08116578,
        "active_destinations": 119,
        "yoy_growth_pct": 9.090891355931644
      },
      {
        "year": 2014,
        "export_value_usd": 122202035.69705088,
        "active_destinations": 113,
        "yoy_growth_pct": 7.806444824415204
      },
      {
        "year": 2015,
        "export_value_usd": 96357904.11406492,
        "active_destinations": 121,
        "yoy_growth_pct": -21.148691538212784
      },
      {
        "year": 2016,
        "export_value_usd": 99698804.75936988,
        "active_destinations": 126,
        "yoy_growth_pct": 3.4671786149998955
      },
      {
        "year": 2017,
        "export_value_usd": 115153174.08345178,
        "active_destinations": 129,
        "yoy_growth_pct": 15.50105777233951
      },
      {
        "year": 2018,
        "export_value_usd": 121813467.37776463,
        "active_destinations": 143,
        "yoy_growth_pct": 5.783855588284626
      },
      {
        "year": 2019,
        "export_value_usd": 132773661.3002992,
        "active_destinations": 145,
        "yoy_growth_pct": 8.997522325298494
      },
      {
        "year": 2020,
        "export_value_usd": 136614334.652505,
        "active_destinations": 145,
        "yoy_growth_pct": 2.892647016428369
      },
      {
        "year": 2021,
        "export_value_usd": 145837275.70553148,
        "active_destinations": 133,
        "yoy_growth_pct": 6.751078557375497
      },
      {
        "year": 2022,
        "export_value_usd": 141141416.78105623,
        "active_destinations": 142,
        "yoy_growth_pct": -3.219930502512221
      },
      {
        "year": 2023,
        "export_value_usd": 125120617.34472698,
        "active_destinations": 142,
        "yoy_growth_pct": -11.350884667100445
      },
      {
        "year": 2024,
        "export_value_usd": 121437855.85783277,
        "active_destinations": 135,
        "yoy_growth_pct": -2.9433690186706944
      }
    ],
    "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": "841869",
    "hs_description": "Refrigerating or freezing equipment: heat pumps, other than compression type units whose condensers are heat exchangers",
    "hs_chapter": 84,
    "hs_heading": 8418
  },
  "destinations": [],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 841869,
    "num_markets": 168,
    "highest_price_importer_iso3": "ECU",
    "highest_price_usd_per_ton": 7254393.548387097,
    "lowest_price_importer_iso3": "MOZ",
    "lowest_price_usd_per_ton": 100,
    "median_price_across_markets": 22395.536419870834,
    "price_spread_pct": 32391.69364994802,
    "avg_quantity_metric_tons": 57.95953755522827,
    "total_trade_value_usd": 724464694
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 93619687.20754844,
      "active_destinations": 112,
      "yoy_growth_pct": -9.868405940439322
    },
    {
      "year": 2011,
      "export_value_usd": 109273841.93208417,
      "active_destinations": 112,
      "yoy_growth_pct": 16.72100729180129
    },
    {
      "year": 2012,
      "export_value_usd": 103907100.46664439,
      "active_destinations": 116,
      "yoy_growth_pct": -4.91127736569866
    },
    {
      "year": 2013,
      "export_value_usd": 113353182.08116578,
      "active_destinations": 119,
      "yoy_growth_pct": 9.090891355931644
    },
    {
      "year": 2014,
      "export_value_usd": 122202035.69705088,
      "active_destinations": 113,
      "yoy_growth_pct": 7.806444824415204
    },
    {
      "year": 2015,
      "export_value_usd": 96357904.11406492,
      "active_destinations": 121,
      "yoy_growth_pct": -21.148691538212784
    },
    {
      "year": 2016,
      "export_value_usd": 99698804.75936988,
      "active_destinations": 126,
      "yoy_growth_pct": 3.4671786149998955
    },
    {
      "year": 2017,
      "export_value_usd": 115153174.08345178,
      "active_destinations": 129,
      "yoy_growth_pct": 15.50105777233951
    },
    {
      "year": 2018,
      "export_value_usd": 121813467.37776463,
      "active_destinations": 143,
      "yoy_growth_pct": 5.783855588284626
    },
    {
      "year": 2019,
      "export_value_usd": 132773661.3002992,
      "active_destinations": 145,
      "yoy_growth_pct": 8.997522325298494
    },
    {
      "year": 2020,
      "export_value_usd": 136614334.652505,
      "active_destinations": 145,
      "yoy_growth_pct": 2.892647016428369
    },
    {
      "year": 2021,
      "export_value_usd": 145837275.70553148,
      "active_destinations": 133,
      "yoy_growth_pct": 6.751078557375497
    },
    {
      "year": 2022,
      "export_value_usd": 141141416.78105623,
      "active_destinations": 142,
      "yoy_growth_pct": -3.219930502512221
    },
    {
      "year": 2023,
      "export_value_usd": 125120617.34472698,
      "active_destinations": 142,
      "yoy_growth_pct": -11.350884667100445
    },
    {
      "year": 2024,
      "export_value_usd": 121437855.85783277,
      "active_destinations": 135,
      "yoy_growth_pct": -2.9433690186706944
    }
  ],
  "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
  }
}