{
  "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/940591",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/940591",
    "exporter": "https://www.yugalinks.com/trade/exporter/bel/940591",
    "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": "940591",
    "exporter_iso3": "BEL",
    "first_data_year": 1999,
    "latest_data_year": 2024,
    "observed_lane_count": 159,
    "current_lane_count": 91,
    "active_market_count": 91,
    "exports_latest_observed_lanes_usd": 4438363.584669733,
    "exports_current_2024_usd": 4259976.269487688,
    "exports_avg_3y_usd": 4497385.317020415,
    "exports_avg_5y_usd": 3486861.2502170256,
    "exports_avg_10y_usd": 2642518.3538492527,
    "exports_cagr_3y_pct": 40.58830541300582,
    "exports_cagr_5y_pct": 19.03990248544538,
    "exports_cagr_10y_pct": 6.301769940304669,
    "exports_all_year_lane_avg_usd": 2978510.627513307,
    "exports_historical_lane_peak_usd": 15322968.386855684,
    "historical_peak_year": 2023,
    "positive_growth_year_share_pct": 56,
    "trend_acceleration_pct": 34.28653547270115,
    "trend_label": "Rapid growth",
    "top_market_iso3": "NLD",
    "top_market_exports_usd": 815863.0381015269,
    "top_market_share_pct": 18.382068583104527,
    "destination_hhi": 1018.9270332723873,
    "weighted_share_latest_pct": 9.912276629277185,
    "weighted_share_change_1y_pp": 1.895559097463006,
    "weighted_volatility_cv": 1.5214239627206558,
    "weighted_max_drawdown_pct": 88.87294854427066,
    "limited_history_lane_share_pct": 26.41509433962264,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:14",
    "source": "api",
    "product": {
      "hs_code": 940591,
      "hs_description": "Lamps and light fittings: parts thereof, of glass",
      "hs_chapter": 94,
      "hs_heading": 9405,
      "substitution_elasticity": -3.879848,
      "price_range_label": "High price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Lamps and light fittings: parts thereof, of glass",
    "hs_chapter": 94,
    "hs_heading": 9405,
    "destinations": [
      {
        "hs_code": 940591,
        "corridor_rank": 40,
        "exporter_iso3": "BEL",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 628187.4118291615,
        "exports_all_year_avg_usd": 85618.20213242387,
        "exports_avg_3y_usd": 308515.51762599085,
        "exports_avg_5y_usd": 192397.08641173167,
        "exports_avg_10y_usd": 114248.37037575361,
        "exports_cagr_3y_pct": 222.34249008358267,
        "exports_cagr_5y_pct": 126.26609748250513,
        "exports_cagr_10y_pct": 35.77344165258616,
        "exports_historical_peak_usd": 628187.4118291615,
        "buyer_imports_latest_observed_usd": 16161669.412298547,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 68,
        "trend_acceleration_pct": 186.56904843099653,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -4.8575,
        "buyer_yoy_all_avg_pct": 4.1364,
        "buyer_trend_consistency_pct": 51.7241,
        "market_share_latest_pct": 3.886896803811181,
        "market_share_change_1y_pp": 2.3842110353249053,
        "peer_best_share_pct": 62.255532308627,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 50,
        "buyer_market_hhi": 4007.19,
        "distance_km": 323.77960205078125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 1.4331705481886508,
        "max_drawdown_pct": 93.49073207021158,
        "attention_level": "Watch",
        "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": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940591,
        "corridor_rank": 51,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 384530.7935718703,
        "exports_all_year_avg_usd": 46303.01886453596,
        "exports_avg_3y_usd": 174441.83937248818,
        "exports_avg_5y_usd": 108612.7270822823,
        "exports_avg_10y_usd": 68636.26790018418,
        "exports_cagr_3y_pct": 284.84736214819344,
        "exports_cagr_5y_pct": 78.12174324216296,
        "exports_cagr_10y_pct": 39.62313848661543,
        "exports_historical_peak_usd": 384530.7935718703,
        "buyer_imports_latest_observed_usd": 48829746.35380738,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 245.224223661578,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -4.3149,
        "buyer_yoy_all_avg_pct": 1.2974,
        "buyer_trend_consistency_pct": 37.931,
        "market_share_latest_pct": 0.7874929162762022,
        "market_share_change_1y_pp": 0.6048105825072421,
        "peer_best_share_pct": 64.29266980894909,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 59,
        "buyer_market_hhi": 4245.46,
        "distance_km": 5891.71142578125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.0467447546369697,
        "tariff_advantage_pp": null,
        "volatility_cv": 1.5549478523969809,
        "max_drawdown_pct": 93.64498532473615,
        "attention_level": "Watch",
        "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": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940591,
        "corridor_rank": 68,
        "exporter_iso3": "BEL",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 219593.27990397607,
        "exports_all_year_avg_usd": 196269.28686971468,
        "exports_avg_3y_usd": 167421.06134777892,
        "exports_avg_5y_usd": 244203.96539296862,
        "exports_avg_10y_usd": 227756.4240992724,
        "exports_cagr_3y_pct": 27.166282136703735,
        "exports_cagr_5y_pct": -0.4740341965392747,
        "exports_cagr_10y_pct": 3.752914568216692,
        "exports_historical_peak_usd": 611973.3959215063,
        "buyer_imports_latest_observed_usd": 15641915.504466027,
        "historical_peak_year": 2020,
        "positive_growth_year_share_pct": 48,
        "trend_acceleration_pct": 23.413367568487043,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": -3.4875,
        "buyer_yoy_all_avg_pct": -3.0343,
        "buyer_trend_consistency_pct": 31.0345,
        "market_share_latest_pct": 1.4038771647965913,
        "market_share_change_1y_pp": 0.4743929019267501,
        "peer_best_share_pct": 38.31787862589362,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 53,
        "buyer_market_hhi": 2050.29,
        "distance_km": 196.8760986328125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.4715347400719989,
        "max_drawdown_pct": 82.55099850554674,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940591,
        "corridor_rank": 70,
        "exporter_iso3": "BEL",
        "importer_iso3": "ESP",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 208371.90470366858,
        "exports_all_year_avg_usd": 128406.19281845127,
        "exports_avg_3y_usd": 139442.8831980462,
        "exports_avg_5y_usd": 134483.70694757646,
        "exports_avg_10y_usd": 110688.07318260582,
        "exports_cagr_3y_pct": 39.70933615359642,
        "exports_cagr_5y_pct": 0.10339290734668882,
        "exports_cagr_10y_pct": 25.136194722087435,
        "exports_historical_peak_usd": 417983.6933989652,
        "buyer_imports_latest_observed_usd": 18751494.116122033,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 52,
        "trend_acceleration_pct": 14.573141431508983,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 33.2313,
        "buyer_yoy_all_avg_pct": 3.227,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 1.1112282755352065,
        "market_share_change_1y_pp": 0.0340749153200024,
        "peer_best_share_pct": 22.367336773404645,
        "peer_top_exporter": "PRT",
        "supplier_count_latest": 44,
        "buyer_market_hhi": 1436.03,
        "distance_km": 1316.64013671875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0,
        "tariff_advantage_pp": 0,
        "volatility_cv": 0.8972540603661144,
        "max_drawdown_pct": 94.80469090014006,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "BEL",
      "hs_code": 940591,
      "num_markets": 108,
      "highest_price_importer_iso3": "CHL",
      "highest_price_usd_per_ton": 1090000,
      "lowest_price_importer_iso3": "GMB",
      "lowest_price_usd_per_ton": 31.89792663476874,
      "median_price_across_markets": 42800,
      "price_spread_pct": 2546.6544440966477,
      "avg_quantity_metric_tons": 5.767951612903224,
      "total_trade_value_usd": 18133421
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 2691102.515533151,
        "active_destinations": 89,
        "yoy_growth_pct": 5.1837148681167085
      },
      {
        "year": 2011,
        "export_value_usd": 1818444.6345477535,
        "active_destinations": 93,
        "yoy_growth_pct": -32.427522769882664
      },
      {
        "year": 2012,
        "export_value_usd": 1546153.9329465965,
        "active_destinations": 91,
        "yoy_growth_pct": -14.973824136739559
      },
      {
        "year": 2013,
        "export_value_usd": 1476842.073590296,
        "active_destinations": 97,
        "yoy_growth_pct": -4.482856323639701
      },
      {
        "year": 2014,
        "export_value_usd": 2312076.6265886016,
        "active_destinations": 82,
        "yoy_growth_pct": 56.55544136603569
      },
      {
        "year": 2015,
        "export_value_usd": 1659976.4119805626,
        "active_destinations": 74,
        "yoy_growth_pct": -28.204091815511884
      },
      {
        "year": 2016,
        "export_value_usd": 1645913.35964473,
        "active_destinations": 78,
        "yoy_growth_pct": -0.8471838656462289
      },
      {
        "year": 2017,
        "export_value_usd": 1933654.6480972534,
        "active_destinations": 83,
        "yoy_growth_pct": 17.482164949109603
      },
      {
        "year": 2018,
        "export_value_usd": 1969182.405173468,
        "active_destinations": 80,
        "yoy_growth_pct": 1.8373372469160616
      },
      {
        "year": 2019,
        "export_value_usd": 1782150.4625113867,
        "active_destinations": 78,
        "yoy_growth_pct": -9.497949106731193
      },
      {
        "year": 2020,
        "export_value_usd": 2409088.750479975,
        "active_destinations": 69,
        "yoy_growth_pct": 35.17875180331932
      },
      {
        "year": 2021,
        "export_value_usd": 1533061.5495439107,
        "active_destinations": 84,
        "yoy_growth_pct": -36.36342582902057
      },
      {
        "year": 2022,
        "export_value_usd": 4171627.4091243725,
        "active_destinations": 86,
        "yoy_growth_pct": 172.11088885279534
      },
      {
        "year": 2023,
        "export_value_usd": 5060552.272449186,
        "active_destinations": 95,
        "yoy_growth_pct": 21.30882689524277
      },
      {
        "year": 2024,
        "export_value_usd": 4259976.269487686,
        "active_destinations": 91,
        "yoy_growth_pct": -15.819933474850561
      }
    ],
    "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": "940591",
    "hs_description": "Lamps and light fittings: parts thereof, of glass",
    "hs_chapter": 94,
    "hs_heading": 9405
  },
  "destinations": [
    {
      "hs_code": 940591,
      "corridor_rank": 40,
      "exporter_iso3": "BEL",
      "importer_iso3": "GBR",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 628187.4118291615,
      "exports_all_year_avg_usd": 85618.20213242387,
      "exports_avg_3y_usd": 308515.51762599085,
      "exports_avg_5y_usd": 192397.08641173167,
      "exports_avg_10y_usd": 114248.37037575361,
      "exports_cagr_3y_pct": 222.34249008358267,
      "exports_cagr_5y_pct": 126.26609748250513,
      "exports_cagr_10y_pct": 35.77344165258616,
      "exports_historical_peak_usd": 628187.4118291615,
      "buyer_imports_latest_observed_usd": 16161669.412298547,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 68,
      "trend_acceleration_pct": 186.56904843099653,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -4.8575,
      "buyer_yoy_all_avg_pct": 4.1364,
      "buyer_trend_consistency_pct": 51.7241,
      "market_share_latest_pct": 3.886896803811181,
      "market_share_change_1y_pp": 2.3842110353249053,
      "peer_best_share_pct": 62.255532308627,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 50,
      "buyer_market_hhi": 4007.19,
      "distance_km": 323.77960205078125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 1.4331705481886508,
      "max_drawdown_pct": 93.49073207021158,
      "attention_level": "Watch",
      "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": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940591,
      "corridor_rank": 51,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 384530.7935718703,
      "exports_all_year_avg_usd": 46303.01886453596,
      "exports_avg_3y_usd": 174441.83937248818,
      "exports_avg_5y_usd": 108612.7270822823,
      "exports_avg_10y_usd": 68636.26790018418,
      "exports_cagr_3y_pct": 284.84736214819344,
      "exports_cagr_5y_pct": 78.12174324216296,
      "exports_cagr_10y_pct": 39.62313848661543,
      "exports_historical_peak_usd": 384530.7935718703,
      "buyer_imports_latest_observed_usd": 48829746.35380738,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 245.224223661578,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -4.3149,
      "buyer_yoy_all_avg_pct": 1.2974,
      "buyer_trend_consistency_pct": 37.931,
      "market_share_latest_pct": 0.7874929162762022,
      "market_share_change_1y_pp": 0.6048105825072421,
      "peer_best_share_pct": 64.29266980894909,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 59,
      "buyer_market_hhi": 4245.46,
      "distance_km": 5891.71142578125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.0467447546369697,
      "tariff_advantage_pp": null,
      "volatility_cv": 1.5549478523969809,
      "max_drawdown_pct": 93.64498532473615,
      "attention_level": "Watch",
      "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": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940591,
      "corridor_rank": 68,
      "exporter_iso3": "BEL",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 219593.27990397607,
      "exports_all_year_avg_usd": 196269.28686971468,
      "exports_avg_3y_usd": 167421.06134777892,
      "exports_avg_5y_usd": 244203.96539296862,
      "exports_avg_10y_usd": 227756.4240992724,
      "exports_cagr_3y_pct": 27.166282136703735,
      "exports_cagr_5y_pct": -0.4740341965392747,
      "exports_cagr_10y_pct": 3.752914568216692,
      "exports_historical_peak_usd": 611973.3959215063,
      "buyer_imports_latest_observed_usd": 15641915.504466027,
      "historical_peak_year": 2020,
      "positive_growth_year_share_pct": 48,
      "trend_acceleration_pct": 23.413367568487043,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": -3.4875,
      "buyer_yoy_all_avg_pct": -3.0343,
      "buyer_trend_consistency_pct": 31.0345,
      "market_share_latest_pct": 1.4038771647965913,
      "market_share_change_1y_pp": 0.4743929019267501,
      "peer_best_share_pct": 38.31787862589362,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 53,
      "buyer_market_hhi": 2050.29,
      "distance_km": 196.8760986328125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.4715347400719989,
      "max_drawdown_pct": 82.55099850554674,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940591,
      "corridor_rank": 70,
      "exporter_iso3": "BEL",
      "importer_iso3": "ESP",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 208371.90470366858,
      "exports_all_year_avg_usd": 128406.19281845127,
      "exports_avg_3y_usd": 139442.8831980462,
      "exports_avg_5y_usd": 134483.70694757646,
      "exports_avg_10y_usd": 110688.07318260582,
      "exports_cagr_3y_pct": 39.70933615359642,
      "exports_cagr_5y_pct": 0.10339290734668882,
      "exports_cagr_10y_pct": 25.136194722087435,
      "exports_historical_peak_usd": 417983.6933989652,
      "buyer_imports_latest_observed_usd": 18751494.116122033,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 52,
      "trend_acceleration_pct": 14.573141431508983,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 33.2313,
      "buyer_yoy_all_avg_pct": 3.227,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 1.1112282755352065,
      "market_share_change_1y_pp": 0.0340749153200024,
      "peer_best_share_pct": 22.367336773404645,
      "peer_top_exporter": "PRT",
      "supplier_count_latest": 44,
      "buyer_market_hhi": 1436.03,
      "distance_km": 1316.64013671875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0,
      "tariff_advantage_pp": 0,
      "volatility_cv": 0.8972540603661144,
      "max_drawdown_pct": 94.80469090014006,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "BEL",
    "hs_code": 940591,
    "num_markets": 108,
    "highest_price_importer_iso3": "CHL",
    "highest_price_usd_per_ton": 1090000,
    "lowest_price_importer_iso3": "GMB",
    "lowest_price_usd_per_ton": 31.89792663476874,
    "median_price_across_markets": 42800,
    "price_spread_pct": 2546.6544440966477,
    "avg_quantity_metric_tons": 5.767951612903224,
    "total_trade_value_usd": 18133421
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 2691102.515533151,
      "active_destinations": 89,
      "yoy_growth_pct": 5.1837148681167085
    },
    {
      "year": 2011,
      "export_value_usd": 1818444.6345477535,
      "active_destinations": 93,
      "yoy_growth_pct": -32.427522769882664
    },
    {
      "year": 2012,
      "export_value_usd": 1546153.9329465965,
      "active_destinations": 91,
      "yoy_growth_pct": -14.973824136739559
    },
    {
      "year": 2013,
      "export_value_usd": 1476842.073590296,
      "active_destinations": 97,
      "yoy_growth_pct": -4.482856323639701
    },
    {
      "year": 2014,
      "export_value_usd": 2312076.6265886016,
      "active_destinations": 82,
      "yoy_growth_pct": 56.55544136603569
    },
    {
      "year": 2015,
      "export_value_usd": 1659976.4119805626,
      "active_destinations": 74,
      "yoy_growth_pct": -28.204091815511884
    },
    {
      "year": 2016,
      "export_value_usd": 1645913.35964473,
      "active_destinations": 78,
      "yoy_growth_pct": -0.8471838656462289
    },
    {
      "year": 2017,
      "export_value_usd": 1933654.6480972534,
      "active_destinations": 83,
      "yoy_growth_pct": 17.482164949109603
    },
    {
      "year": 2018,
      "export_value_usd": 1969182.405173468,
      "active_destinations": 80,
      "yoy_growth_pct": 1.8373372469160616
    },
    {
      "year": 2019,
      "export_value_usd": 1782150.4625113867,
      "active_destinations": 78,
      "yoy_growth_pct": -9.497949106731193
    },
    {
      "year": 2020,
      "export_value_usd": 2409088.750479975,
      "active_destinations": 69,
      "yoy_growth_pct": 35.17875180331932
    },
    {
      "year": 2021,
      "export_value_usd": 1533061.5495439107,
      "active_destinations": 84,
      "yoy_growth_pct": -36.36342582902057
    },
    {
      "year": 2022,
      "export_value_usd": 4171627.4091243725,
      "active_destinations": 86,
      "yoy_growth_pct": 172.11088885279534
    },
    {
      "year": 2023,
      "export_value_usd": 5060552.272449186,
      "active_destinations": 95,
      "yoy_growth_pct": 21.30882689524277
    },
    {
      "year": 2024,
      "export_value_usd": 4259976.269487686,
      "active_destinations": 91,
      "yoy_growth_pct": -15.819933474850561
    }
  ],
  "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
  }
}