{
  "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/910119",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/910119",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/910119",
    "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": "910119",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 140,
    "current_lane_count": 62,
    "active_market_count": 62,
    "exports_latest_observed_lanes_usd": 1186232.214382108,
    "exports_current_2024_usd": 697887.0555076402,
    "exports_avg_3y_usd": 1154885.9722567976,
    "exports_avg_5y_usd": 2733280.186421512,
    "exports_avg_10y_usd": 4272496.291540154,
    "exports_cagr_3y_pct": -48.833946255332506,
    "exports_cagr_5y_pct": -29.546073289861642,
    "exports_cagr_10y_pct": -16.584175344031614,
    "exports_all_year_lane_avg_usd": 4286653.856566863,
    "exports_historical_lane_peak_usd": 16548677.098791897,
    "historical_peak_year": 2018,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": -32.24977091130089,
    "trend_label": "Rapid decline",
    "top_market_iso3": "CHE",
    "top_market_exports_usd": 319346.96325676574,
    "top_market_share_pct": 26.921117078506352,
    "destination_hhi": 1152.1769327532468,
    "weighted_share_latest_pct": 16.298359489107195,
    "weighted_share_change_1y_pp": 9.23444506985156,
    "weighted_volatility_cv": 0.9971464841500576,
    "weighted_max_drawdown_pct": 77.3587572656748,
    "limited_history_lane_share_pct": 54.285714285714285,
    "data_freshness_years": 0,
    "coverage_score": 90,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 910119,
      "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
      "hs_chapter": 91,
      "hs_heading": 9101,
      "substitution_elasticity": -9.9064913,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
    "hs_chapter": 91,
    "hs_heading": 9101,
    "destinations": [
      {
        "hs_code": 910119,
        "corridor_rank": 95,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 71773.37500525404,
        "exports_all_year_avg_usd": 100316.08610143507,
        "exports_avg_3y_usd": 51262.94497212457,
        "exports_avg_5y_usd": 239714.06473494825,
        "exports_avg_10y_usd": 214264.52233398153,
        "exports_cagr_3y_pct": -53.464320864856106,
        "exports_cagr_5y_pct": -27.43153704068485,
        "exports_cagr_10y_pct": 27.190007500540947,
        "exports_historical_peak_usd": 712205.2973204397,
        "buyer_imports_latest_observed_usd": 17798385.361645747,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 45.45454545454545,
        "trend_acceleration_pct": -80.65432836539705,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 46.0566,
        "buyer_yoy_all_avg_pct": 14.2835,
        "buyer_trend_consistency_pct": 44.8276,
        "market_share_latest_pct": 0.4032577874166079,
        "market_share_change_1y_pp": 0.16897920138045716,
        "peer_best_share_pct": 22.45213460599427,
        "peer_top_exporter": "ESP",
        "supplier_count_latest": 36,
        "buyer_market_hhi": 1406.59,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.7253517041966793,
        "max_drawdown_pct": 99.92209162892564,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 910119,
      "num_markets": 64,
      "highest_price_importer_iso3": "ITA",
      "highest_price_usd_per_ton": 147427000,
      "lowest_price_importer_iso3": "DZA",
      "lowest_price_usd_per_ton": 200,
      "median_price_across_markets": 318333.3333333333,
      "price_spread_pct": 46312.08376963351,
      "avg_quantity_metric_tons": 2.486524475524476,
      "total_trade_value_usd": 25224186
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 1995531.1553171754,
        "active_destinations": 41,
        "yoy_growth_pct": 33.178072603262805
      },
      {
        "year": 2011,
        "export_value_usd": 2069505.0355143908,
        "active_destinations": 35,
        "yoy_growth_pct": 3.7069769620037696
      },
      {
        "year": 2012,
        "export_value_usd": 2829615.0327910604,
        "active_destinations": 32,
        "yoy_growth_pct": 36.72907213234872
      },
      {
        "year": 2013,
        "export_value_usd": 3506470.735135939,
        "active_destinations": 31,
        "yoy_growth_pct": 23.92041654080574
      },
      {
        "year": 2014,
        "export_value_usd": 4278589.950757548,
        "active_destinations": 40,
        "yoy_growth_pct": 22.01983914722949
      },
      {
        "year": 2015,
        "export_value_usd": 6532017.9334193235,
        "active_destinations": 37,
        "yoy_growth_pct": 52.66753787104075
      },
      {
        "year": 2016,
        "export_value_usd": 6487146.100771478,
        "active_destinations": 44,
        "yoy_growth_pct": -0.6869520736964058
      },
      {
        "year": 2017,
        "export_value_usd": 5389694.019132909,
        "active_destinations": 40,
        "yoy_growth_pct": -16.917332592648954
      },
      {
        "year": 2018,
        "export_value_usd": 6629397.776360376,
        "active_destinations": 48,
        "yoy_growth_pct": 23.001375455204585
      },
      {
        "year": 2019,
        "export_value_usd": 4020306.1536098938,
        "active_destinations": 42,
        "yoy_growth_pct": -39.35638968677041
      },
      {
        "year": 2020,
        "export_value_usd": 4991723.200495965,
        "active_destinations": 34,
        "yoy_growth_pct": 24.16276297798418
      },
      {
        "year": 2021,
        "export_value_usd": 5210019.814841204,
        "active_destinations": 32,
        "yoy_growth_pct": 4.373171459578329
      },
      {
        "year": 2022,
        "export_value_usd": 1743205.5137283083,
        "active_destinations": 39,
        "yoy_growth_pct": -66.54128821616699
      },
      {
        "year": 2023,
        "export_value_usd": 1023565.3475344437,
        "active_destinations": 33,
        "yoy_growth_pct": -41.282577442904184
      },
      {
        "year": 2024,
        "export_value_usd": 697887.0555076402,
        "active_destinations": 62,
        "yoy_growth_pct": -31.818026353793122
      }
    ],
    "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": "910119",
    "hs_description": "Wrist-watches: electrically operated, with or without a stop-watch, with case of precious metal or metal clad with precious metal, without mechanical or opto-electronic display",
    "hs_chapter": 91,
    "hs_heading": 9101
  },
  "destinations": [
    {
      "hs_code": 910119,
      "corridor_rank": 95,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 71773.37500525404,
      "exports_all_year_avg_usd": 100316.08610143507,
      "exports_avg_3y_usd": 51262.94497212457,
      "exports_avg_5y_usd": 239714.06473494825,
      "exports_avg_10y_usd": 214264.52233398153,
      "exports_cagr_3y_pct": -53.464320864856106,
      "exports_cagr_5y_pct": -27.43153704068485,
      "exports_cagr_10y_pct": 27.190007500540947,
      "exports_historical_peak_usd": 712205.2973204397,
      "buyer_imports_latest_observed_usd": 17798385.361645747,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 45.45454545454545,
      "trend_acceleration_pct": -80.65432836539705,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 46.0566,
      "buyer_yoy_all_avg_pct": 14.2835,
      "buyer_trend_consistency_pct": 44.8276,
      "market_share_latest_pct": 0.4032577874166079,
      "market_share_change_1y_pp": 0.16897920138045716,
      "peer_best_share_pct": 22.45213460599427,
      "peer_top_exporter": "ESP",
      "supplier_count_latest": 36,
      "buyer_market_hhi": 1406.59,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.7253517041966793,
      "max_drawdown_pct": 99.92209162892564,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 910119,
    "num_markets": 64,
    "highest_price_importer_iso3": "ITA",
    "highest_price_usd_per_ton": 147427000,
    "lowest_price_importer_iso3": "DZA",
    "lowest_price_usd_per_ton": 200,
    "median_price_across_markets": 318333.3333333333,
    "price_spread_pct": 46312.08376963351,
    "avg_quantity_metric_tons": 2.486524475524476,
    "total_trade_value_usd": 25224186
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 1995531.1553171754,
      "active_destinations": 41,
      "yoy_growth_pct": 33.178072603262805
    },
    {
      "year": 2011,
      "export_value_usd": 2069505.0355143908,
      "active_destinations": 35,
      "yoy_growth_pct": 3.7069769620037696
    },
    {
      "year": 2012,
      "export_value_usd": 2829615.0327910604,
      "active_destinations": 32,
      "yoy_growth_pct": 36.72907213234872
    },
    {
      "year": 2013,
      "export_value_usd": 3506470.735135939,
      "active_destinations": 31,
      "yoy_growth_pct": 23.92041654080574
    },
    {
      "year": 2014,
      "export_value_usd": 4278589.950757548,
      "active_destinations": 40,
      "yoy_growth_pct": 22.01983914722949
    },
    {
      "year": 2015,
      "export_value_usd": 6532017.9334193235,
      "active_destinations": 37,
      "yoy_growth_pct": 52.66753787104075
    },
    {
      "year": 2016,
      "export_value_usd": 6487146.100771478,
      "active_destinations": 44,
      "yoy_growth_pct": -0.6869520736964058
    },
    {
      "year": 2017,
      "export_value_usd": 5389694.019132909,
      "active_destinations": 40,
      "yoy_growth_pct": -16.917332592648954
    },
    {
      "year": 2018,
      "export_value_usd": 6629397.776360376,
      "active_destinations": 48,
      "yoy_growth_pct": 23.001375455204585
    },
    {
      "year": 2019,
      "export_value_usd": 4020306.1536098938,
      "active_destinations": 42,
      "yoy_growth_pct": -39.35638968677041
    },
    {
      "year": 2020,
      "export_value_usd": 4991723.200495965,
      "active_destinations": 34,
      "yoy_growth_pct": 24.16276297798418
    },
    {
      "year": 2021,
      "export_value_usd": 5210019.814841204,
      "active_destinations": 32,
      "yoy_growth_pct": 4.373171459578329
    },
    {
      "year": 2022,
      "export_value_usd": 1743205.5137283083,
      "active_destinations": 39,
      "yoy_growth_pct": -66.54128821616699
    },
    {
      "year": 2023,
      "export_value_usd": 1023565.3475344437,
      "active_destinations": 33,
      "yoy_growth_pct": -41.282577442904184
    },
    {
      "year": 2024,
      "export_value_usd": 697887.0555076402,
      "active_destinations": 62,
      "yoy_growth_pct": -31.818026353793122
    }
  ],
  "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
  }
}