{
  "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/920120",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/920120",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/920120",
    "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": "920120",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 88,
    "current_lane_count": 32,
    "active_market_count": 32,
    "exports_latest_observed_lanes_usd": 2876063.660289065,
    "exports_current_2024_usd": 1090380.1416612512,
    "exports_avg_3y_usd": 1179020.0067599323,
    "exports_avg_5y_usd": 1172871.3055698716,
    "exports_avg_10y_usd": 1091199.381837659,
    "exports_cagr_3y_pct": -11.544877689269295,
    "exports_cagr_5y_pct": 2.548901184548291,
    "exports_cagr_10y_pct": 5.407216959060568,
    "exports_all_year_lane_avg_usd": 4188576.660158093,
    "exports_historical_lane_peak_usd": 19080053.89993608,
    "historical_peak_year": 2007,
    "positive_growth_year_share_pct": 52,
    "trend_acceleration_pct": -16.95209464832986,
    "trend_label": "Rapid decline",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 1174883.5778945137,
    "top_market_share_pct": 40.850402378660476,
    "destination_hhi": 1993.30713994692,
    "weighted_share_latest_pct": 3.7647524637787946,
    "weighted_share_change_1y_pp": 2.547702728262305,
    "weighted_volatility_cv": 1.5905831796365253,
    "weighted_max_drawdown_pct": 82.22734827980318,
    "limited_history_lane_share_pct": 57.95454545454545,
    "data_freshness_years": 0,
    "coverage_score": 86,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 920120,
      "hs_description": "Musical instruments: pianos, grand",
      "hs_chapter": 92,
      "hs_heading": 9201,
      "substitution_elasticity": -4.3214273,
      "price_range_label": "Medium price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Musical instruments: pianos, grand",
    "hs_chapter": 92,
    "hs_heading": 9201,
    "destinations": [
      {
        "hs_code": 920120,
        "corridor_rank": 37,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2017,
        "lane_data_years": 10,
        "exports_latest_observed_usd": 1174883.5778945137,
        "exports_all_year_avg_usd": 144226.32009443425,
        "exports_avg_3y_usd": 1174883.5778945137,
        "exports_avg_5y_usd": 611552.9316605397,
        "exports_avg_10y_usd": 315562.6234883765,
        "exports_cagr_3y_pct": 189.900533586107,
        "exports_cagr_5y_pct": 101.24364368212251,
        "exports_cagr_10y_pct": 53.485248761275,
        "exports_historical_peak_usd": 1174883.5778945137,
        "buyer_imports_latest_observed_usd": 77239977.96749468,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 55.55555555555556,
        "trend_acceleration_pct": 136.41528482483199,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -14.3722,
        "buyer_yoy_all_avg_pct": 0.2665,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 1.7286751704467573,
        "market_share_change_1y_pp": 1.6707216367224191,
        "peer_best_share_pct": 50.62941304413382,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 28,
        "buyer_market_hhi": 3023.47,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 2.3846577613233464,
        "max_drawdown_pct": 93.50113671229342,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "Medium",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 920120,
        "corridor_rank": 66,
        "exporter_iso3": "BEL",
        "importer_iso3": "ITA",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 416394.9710567363,
        "exports_all_year_avg_usd": 817951.814015842,
        "exports_avg_3y_usd": 457724.54927580035,
        "exports_avg_5y_usd": 416724.7747270701,
        "exports_avg_10y_usd": 288587.68611631426,
        "exports_cagr_3y_pct": -14.84755609990489,
        "exports_cagr_5y_pct": 2.963782601354348,
        "exports_cagr_10y_pct": 19.20804603979047,
        "exports_historical_peak_usd": 4497238.5464628,
        "buyer_imports_latest_observed_usd": 12875158.605210122,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 59.09090909090909,
        "trend_acceleration_pct": -34.05560213969536,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -31.4752,
        "buyer_yoy_all_avg_pct": 7.9678,
        "buyer_trend_consistency_pct": 48.2759,
        "market_share_latest_pct": 3.2340958571821856,
        "market_share_change_1y_pp": 0.10367395886575403,
        "peer_best_share_pct": 55.2772801646653,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 23,
        "buyer_market_hhi": 3409.93,
        "distance_km": 1174.9036865234375,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.648399527883544,
        "max_drawdown_pct": 99.19827330188971,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 920120,
      "num_markets": 43,
      "highest_price_importer_iso3": "CHE",
      "highest_price_usd_per_ton": 10112666.666666666,
      "lowest_price_importer_iso3": "CRI",
      "lowest_price_usd_per_ton": 247.42268041237114,
      "median_price_across_markets": 35914.89361702128,
      "price_spread_pct": 28156.61756323187,
      "avg_quantity_metric_tons": 2.2930384615384614,
      "total_trade_value_usd": 7475773
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 1520051.801765448,
        "active_destinations": 26,
        "yoy_growth_pct": -81.22857810364705
      },
      {
        "year": 2011,
        "export_value_usd": 559456.093615414,
        "active_destinations": 18,
        "yoy_growth_pct": -63.19493237232838
      },
      {
        "year": 2012,
        "export_value_usd": 423316.92612603673,
        "active_destinations": 21,
        "yoy_growth_pct": -24.33420049276703
      },
      {
        "year": 2013,
        "export_value_usd": 468930.9107334474,
        "active_destinations": 25,
        "yoy_growth_pct": 10.77537461703805
      },
      {
        "year": 2014,
        "export_value_usd": 643983.0909792494,
        "active_destinations": 23,
        "yoy_growth_pct": 37.33005784839513
      },
      {
        "year": 2015,
        "export_value_usd": 872768.5520816548,
        "active_destinations": 21,
        "yoy_growth_pct": 35.52662551349152
      },
      {
        "year": 2016,
        "export_value_usd": 712723.3634267168,
        "active_destinations": 26,
        "yoy_growth_pct": -18.337643843056853
      },
      {
        "year": 2017,
        "export_value_usd": 1693135.649911894,
        "active_destinations": 25,
        "yoy_growth_pct": 137.5586008253516
      },
      {
        "year": 2018,
        "export_value_usd": 807568.1965026131,
        "active_destinations": 22,
        "yoy_growth_pct": -52.30339656809916
      },
      {
        "year": 2019,
        "export_value_usd": 961441.5286043546,
        "active_destinations": 26,
        "yoy_growth_pct": 19.053911826658165
      },
      {
        "year": 2020,
        "export_value_usd": 751830.7390114379,
        "active_destinations": 20,
        "yoy_growth_pct": -21.801719954534462
      },
      {
        "year": 2021,
        "export_value_usd": 1575465.7685581222,
        "active_destinations": 19,
        "yoy_growth_pct": 109.55059254821904
      },
      {
        "year": 2022,
        "export_value_usd": 1217135.9377820047,
        "active_destinations": 28,
        "yoy_growth_pct": -22.74437426235313
      },
      {
        "year": 2023,
        "export_value_usd": 1229543.9408365416,
        "active_destinations": 24,
        "yoy_growth_pct": 1.0194426661288196
      },
      {
        "year": 2024,
        "export_value_usd": 1090380.1416612512,
        "active_destinations": 32,
        "yoy_growth_pct": -11.318326621219237
      }
    ],
    "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": "920120",
    "hs_description": "Musical instruments: pianos, grand",
    "hs_chapter": 92,
    "hs_heading": 9201
  },
  "destinations": [
    {
      "hs_code": 920120,
      "corridor_rank": 37,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2017,
      "lane_data_years": 10,
      "exports_latest_observed_usd": 1174883.5778945137,
      "exports_all_year_avg_usd": 144226.32009443425,
      "exports_avg_3y_usd": 1174883.5778945137,
      "exports_avg_5y_usd": 611552.9316605397,
      "exports_avg_10y_usd": 315562.6234883765,
      "exports_cagr_3y_pct": 189.900533586107,
      "exports_cagr_5y_pct": 101.24364368212251,
      "exports_cagr_10y_pct": 53.485248761275,
      "exports_historical_peak_usd": 1174883.5778945137,
      "buyer_imports_latest_observed_usd": 77239977.96749468,
      "historical_peak_year": 2017,
      "positive_growth_year_share_pct": 55.55555555555556,
      "trend_acceleration_pct": 136.41528482483199,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -14.3722,
      "buyer_yoy_all_avg_pct": 0.2665,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 1.7286751704467573,
      "market_share_change_1y_pp": 1.6707216367224191,
      "peer_best_share_pct": 50.62941304413382,
      "peer_top_exporter": "JPN",
      "supplier_count_latest": 28,
      "buyer_market_hhi": 3023.47,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 2.3846577613233464,
      "max_drawdown_pct": 93.50113671229342,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "Medium",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 920120,
      "corridor_rank": 66,
      "exporter_iso3": "BEL",
      "importer_iso3": "ITA",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 416394.9710567363,
      "exports_all_year_avg_usd": 817951.814015842,
      "exports_avg_3y_usd": 457724.54927580035,
      "exports_avg_5y_usd": 416724.7747270701,
      "exports_avg_10y_usd": 288587.68611631426,
      "exports_cagr_3y_pct": -14.84755609990489,
      "exports_cagr_5y_pct": 2.963782601354348,
      "exports_cagr_10y_pct": 19.20804603979047,
      "exports_historical_peak_usd": 4497238.5464628,
      "buyer_imports_latest_observed_usd": 12875158.605210122,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 59.09090909090909,
      "trend_acceleration_pct": -34.05560213969536,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -31.4752,
      "buyer_yoy_all_avg_pct": 7.9678,
      "buyer_trend_consistency_pct": 48.2759,
      "market_share_latest_pct": 3.2340958571821856,
      "market_share_change_1y_pp": 0.10367395886575403,
      "peer_best_share_pct": 55.2772801646653,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 23,
      "buyer_market_hhi": 3409.93,
      "distance_km": 1174.9036865234375,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.648399527883544,
      "max_drawdown_pct": 99.19827330188971,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['high_volatility','unrecovered_drawdown','concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 920120,
    "num_markets": 43,
    "highest_price_importer_iso3": "CHE",
    "highest_price_usd_per_ton": 10112666.666666666,
    "lowest_price_importer_iso3": "CRI",
    "lowest_price_usd_per_ton": 247.42268041237114,
    "median_price_across_markets": 35914.89361702128,
    "price_spread_pct": 28156.61756323187,
    "avg_quantity_metric_tons": 2.2930384615384614,
    "total_trade_value_usd": 7475773
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 1520051.801765448,
      "active_destinations": 26,
      "yoy_growth_pct": -81.22857810364705
    },
    {
      "year": 2011,
      "export_value_usd": 559456.093615414,
      "active_destinations": 18,
      "yoy_growth_pct": -63.19493237232838
    },
    {
      "year": 2012,
      "export_value_usd": 423316.92612603673,
      "active_destinations": 21,
      "yoy_growth_pct": -24.33420049276703
    },
    {
      "year": 2013,
      "export_value_usd": 468930.9107334474,
      "active_destinations": 25,
      "yoy_growth_pct": 10.77537461703805
    },
    {
      "year": 2014,
      "export_value_usd": 643983.0909792494,
      "active_destinations": 23,
      "yoy_growth_pct": 37.33005784839513
    },
    {
      "year": 2015,
      "export_value_usd": 872768.5520816548,
      "active_destinations": 21,
      "yoy_growth_pct": 35.52662551349152
    },
    {
      "year": 2016,
      "export_value_usd": 712723.3634267168,
      "active_destinations": 26,
      "yoy_growth_pct": -18.337643843056853
    },
    {
      "year": 2017,
      "export_value_usd": 1693135.649911894,
      "active_destinations": 25,
      "yoy_growth_pct": 137.5586008253516
    },
    {
      "year": 2018,
      "export_value_usd": 807568.1965026131,
      "active_destinations": 22,
      "yoy_growth_pct": -52.30339656809916
    },
    {
      "year": 2019,
      "export_value_usd": 961441.5286043546,
      "active_destinations": 26,
      "yoy_growth_pct": 19.053911826658165
    },
    {
      "year": 2020,
      "export_value_usd": 751830.7390114379,
      "active_destinations": 20,
      "yoy_growth_pct": -21.801719954534462
    },
    {
      "year": 2021,
      "export_value_usd": 1575465.7685581222,
      "active_destinations": 19,
      "yoy_growth_pct": 109.55059254821904
    },
    {
      "year": 2022,
      "export_value_usd": 1217135.9377820047,
      "active_destinations": 28,
      "yoy_growth_pct": -22.74437426235313
    },
    {
      "year": 2023,
      "export_value_usd": 1229543.9408365416,
      "active_destinations": 24,
      "yoy_growth_pct": 1.0194426661288196
    },
    {
      "year": 2024,
      "export_value_usd": 1090380.1416612512,
      "active_destinations": 32,
      "yoy_growth_pct": -11.318326621219237
    }
  ],
  "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
  }
}