# India HS 400921 exports | Yugalinks

Explore reported HS 400921 exports from India: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | India |
| HS6 | 400921 |
| Latest exports | $75.9M |
| Active destinations | 144 |
| Three-year growth | +0.2% |
| Destination HHI | 770 |
| Weighted share | 8.3% |

## Destination markets

- USA, Puerto Rico and US Virgin Islands: $15.8M; share 6%; growth +2.5%
- Australia: $6.7M; share 9.2%; growth +25.6%
- Germany: $5.4M; share 3.6%; growth -12.1%
- Poland: $4.6M; share 8.3%; growth +231.5%
- Belgium: $4.5M; share 18%; growth -9.4%

## Price intelligence

- Highest reported market price: Former Arab Republic of Yemen at $448.7K / ton.
- Lowest reported market price: Liberia at $36.4 / ton.
- Median reported price: $5.5K / ton.
- Price spread: 8,219%.

## Export history

- 2010: $23.0M
- 2011: $37.5M
- 2012: $42.0M
- 2013: $39.0M
- 2014: $44.1M
- 2015: $44.7M
- 2016: $38.0M
- 2017: $52.4M
- 2018: $64.0M
- 2019: $55.9M
- 2020: $46.3M
- 2021: $74.9M
- 2022: $90.0M
- 2023: $76.2M
- 2024: $75.4M

## Methods

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.

Missing values are shown as Not reported and are not imputed.

## Complete structured values

```json
{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/ind/400921",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/400921",
    "exporter": "https://www.yugalinks.com/trade/exporter/ind/400921",
    "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": "400921",
    "exporter_iso3": "IND",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 175,
    "current_lane_count": 144,
    "active_market_count": 144,
    "exports_latest_observed_lanes_usd": 75862824.02112697,
    "exports_current_2024_usd": 75350846.45976217,
    "exports_avg_3y_usd": 80519524.07519506,
    "exports_avg_5y_usd": 72557104.01690856,
    "exports_avg_10y_usd": 61780034.186473966,
    "exports_cagr_3y_pct": 0.18756417572189932,
    "exports_cagr_5y_pct": 6.146344196531306,
    "exports_cagr_10y_pct": 5.4920002541926305,
    "exports_all_year_lane_avg_usd": 36835874.88929133,
    "exports_historical_lane_peak_usd": 122193874.60421193,
    "historical_peak_year": 2022,
    "positive_growth_year_share_pct": 68.96551724137932,
    "trend_acceleration_pct": -5.304436078470731,
    "trend_label": "Stable",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 15753173.734161505,
    "top_market_share_pct": 20.765340517477203,
    "destination_hhi": 770.072613647436,
    "weighted_share_latest_pct": 8.345251593638288,
    "weighted_share_change_1y_pp": 0.5135511406565787,
    "weighted_volatility_cv": 0.9699206150088167,
    "weighted_max_drawdown_pct": 76.36916989658731,
    "limited_history_lane_share_pct": 13.714285714285714,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:58",
    "source": "api",
    "product": {
      "hs_code": 400921,
      "hs_description": "Rubber: vulcanised (other than hard rubber), tubing, piping and hoses, reinforced or otherwise combined only with metal, without fittings",
      "hs_chapter": 40,
      "hs_heading": 4009,
      "substitution_elasticity": -6.8730912,
      "price_range_label": null,
      "trade_type_label": null
    },
    "hs_description": "Rubber: vulcanised (other than hard rubber), tubing, piping and hoses, reinforced or otherwise combined only with metal, without fittings",
    "hs_chapter": 40,
    "hs_heading": 4009,
    "destinations": [
      {
        "hs_code": 400921,
        "corridor_rank": 18,
        "exporter_iso3": "IND",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 15753173.734161505,
        "exports_all_year_avg_usd": 6463551.927706881,
        "exports_avg_3y_usd": 18133128.218326725,
        "exports_avg_5y_usd": 15549176.471812379,
        "exports_avg_10y_usd": 12168896.039851274,
        "exports_cagr_3y_pct": 2.4959860052130356,
        "exports_cagr_5y_pct": 5.795374667277353,
        "exports_cagr_10y_pct": 8.638124573935846,
        "exports_historical_peak_usd": 22125053.876613326,
        "buyer_imports_latest_observed_usd": 260960762.04341027,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": -6.14213856872281,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -9.2226,
        "buyer_yoy_all_avg_pct": 13.3225,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 6.036606273988808,
        "market_share_change_1y_pp": 0.28958397575414985,
        "peer_best_share_pct": 18.968372666365465,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 65,
        "buyer_market_hhi": 1017.15,
        "distance_km": 11761.806640625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.023682824094060608,
        "tariff_advantage_pp": 0.037034158968565656,
        "volatility_cv": 0.8308115416276601,
        "max_drawdown_pct": 52.40805951377643,
        "attention_level": "Watch",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "['long_distance_without_fta']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 400921,
        "corridor_rank": 60,
        "exporter_iso3": "IND",
        "importer_iso3": "AUS",
        "latest_data_year": 2024,
        "lane_data_years": 28,
        "exports_latest_observed_usd": 6735606.419198514,
        "exports_all_year_avg_usd": 1763773.0447815245,
        "exports_avg_3y_usd": 5922904.564817261,
        "exports_avg_5y_usd": 4538891.4625684405,
        "exports_avg_10y_usd": 3808817.2435747967,
        "exports_cagr_3y_pct": 25.576124930304744,
        "exports_cagr_5y_pct": 18.8485612571484,
        "exports_cagr_10y_pct": 10.247011742693557,
        "exports_historical_peak_usd": 6735606.419198514,
        "buyer_imports_latest_observed_usd": 72880773.99944265,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 66.66666666666667,
        "trend_acceleration_pct": 15.329113187611187,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 4.345,
        "buyer_yoy_all_avg_pct": 6.9572,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 9.241952369015763,
        "market_share_change_1y_pp": 0.48761781095228507,
        "peer_best_share_pct": 30.437319958638696,
        "peer_top_exporter": "USA",
        "supplier_count_latest": 45,
        "buyer_market_hhi": 1483.68,
        "distance_km": 10435.1044921875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.06141381561414142,
        "tariff_advantage_pp": -0.02989581553939394,
        "volatility_cv": 1.078084819068522,
        "max_drawdown_pct": 75.83936387307128,
        "attention_level": "High attention",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 400921,
        "corridor_rank": 77,
        "exporter_iso3": "IND",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 27,
        "exports_latest_observed_usd": 5426309.23772238,
        "exports_all_year_avg_usd": 3391809.806608111,
        "exports_avg_3y_usd": 6191056.92977086,
        "exports_avg_5y_usd": 5801599.937986782,
        "exports_avg_10y_usd": 4842231.801359752,
        "exports_cagr_3y_pct": -12.070887111775342,
        "exports_cagr_5y_pct": 5.716740421378419,
        "exports_cagr_10y_pct": 0.05806903432892252,
        "exports_historical_peak_usd": 8045641.643924191,
        "buyer_imports_latest_observed_usd": 149932355.21092686,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 65.38461538461539,
        "trend_acceleration_pct": -12.128956146104265,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -12.1337,
        "buyer_yoy_all_avg_pct": 5.2797,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 3.6191716124838935,
        "market_share_change_1y_pp": 0.6296536356691775,
        "peer_best_share_pct": 24.691316149489005,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 62,
        "buyer_market_hhi": 1539.56,
        "distance_km": 6229.63671875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.018971697826111113,
        "tariff_advantage_pp": 0.042308889512955236,
        "volatility_cv": 0.6539562143464716,
        "max_drawdown_pct": 79.20818288928871,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 400921,
        "corridor_rank": 88,
        "exporter_iso3": "IND",
        "importer_iso3": "POL",
        "latest_data_year": 2024,
        "lane_data_years": 21,
        "exports_latest_observed_usd": 4551698.587672729,
        "exports_all_year_avg_usd": 719707.126417872,
        "exports_avg_3y_usd": 2103687.90310483,
        "exports_avg_5y_usd": 1320552.5896412344,
        "exports_avg_10y_usd": 1080628.2584678251,
        "exports_cagr_3y_pct": 231.49421681318367,
        "exports_cagr_5y_pct": 38.13509823261241,
        "exports_cagr_10y_pct": 15.923636492336435,
        "exports_historical_peak_usd": 4551698.587672729,
        "buyer_imports_latest_observed_usd": 54840177.30547108,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 50,
        "trend_acceleration_pct": 215.57058032084723,
        "trend_label": "Rapid growth",
        "buyer_yoy_latest_pct": 21.6614,
        "buyer_yoy_all_avg_pct": 13.2147,
        "buyer_trend_consistency_pct": 72.4138,
        "market_share_latest_pct": 8.29993412005003,
        "market_share_change_1y_pp": 7.300703601484331,
        "peer_best_share_pct": 22.108403870262354,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 47,
        "buyer_market_hhi": 1108.9,
        "distance_km": 5269.8330078125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.13294336478585858,
        "tariff_advantage_pp": 0.059177336583838364,
        "volatility_cv": 1.3012878607319394,
        "max_drawdown_pct": 87.96926681570798,
        "attention_level": "Watch",
        "primary_risk_reason": "Trade has varied substantially across reported years",
        "risk_driver_labels": "['high_volatility']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 400921,
        "corridor_rank": 90,
        "exporter_iso3": "IND",
        "importer_iso3": "BEL",
        "latest_data_year": 2024,
        "lane_data_years": 23,
        "exports_latest_observed_usd": 4494497.009407145,
        "exports_all_year_avg_usd": 2619407.145794506,
        "exports_avg_3y_usd": 6326526.743284619,
        "exports_avg_5y_usd": 5867300.0899932105,
        "exports_avg_10y_usd": 4754813.227241895,
        "exports_cagr_3y_pct": -9.426073782745526,
        "exports_cagr_5y_pct": 8.827366902718325,
        "exports_cagr_10y_pct": 7.508029326379995,
        "exports_historical_peak_usd": 7303745.781863993,
        "buyer_imports_latest_observed_usd": 24942554.661152195,
        "historical_peak_year": 2023,
        "positive_growth_year_share_pct": 68.18181818181819,
        "trend_acceleration_pct": -16.93410310912552,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -17.8796,
        "buyer_yoy_all_avg_pct": 5.2792,
        "buyer_trend_consistency_pct": 64,
        "market_share_latest_pct": 18.01939324365713,
        "market_share_change_1y_pp": -6.027315425839948,
        "peer_best_share_pct": 23.80608314031951,
        "peer_top_exporter": "ITA",
        "supplier_count_latest": 59,
        "buyer_market_hhi": 1341.58,
        "distance_km": 6419.5986328125,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.019243141578797984,
        "tariff_advantage_pp": 0.04283432120622474,
        "volatility_cv": 0.8760722306484543,
        "max_drawdown_pct": 97.8961089912331,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "IND",
      "hs_code": 400921,
      "num_markets": 155,
      "highest_price_importer_iso3": "YEM",
      "highest_price_usd_per_ton": 448666.6666666667,
      "lowest_price_importer_iso3": "LBR",
      "lowest_price_usd_per_ton": 36.42080440193895,
      "median_price_across_markets": 5458.480203295352,
      "price_spread_pct": 8218.958925442674,
      "avg_quantity_metric_tons": 108.11371814092952,
      "total_trade_value_usd": 354371082
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 22977320.15679999,
        "active_destinations": 93,
        "yoy_growth_pct": 97.64937424040008
      },
      {
        "year": 2011,
        "export_value_usd": 37483331.424941584,
        "active_destinations": 99,
        "yoy_growth_pct": 63.131867289791984
      },
      {
        "year": 2012,
        "export_value_usd": 41969740.902103,
        "active_destinations": 108,
        "yoy_growth_pct": 11.969078805455743
      },
      {
        "year": 2013,
        "export_value_usd": 39016369.87822628,
        "active_destinations": 106,
        "yoy_growth_pct": -7.036905542890147
      },
      {
        "year": 2014,
        "export_value_usd": 44146152.97547719,
        "active_destinations": 116,
        "yoy_growth_pct": 13.147771341263779
      },
      {
        "year": 2015,
        "export_value_usd": 44684741.83491672,
        "active_destinations": 109,
        "yoy_growth_pct": 1.220013122635422
      },
      {
        "year": 2016,
        "export_value_usd": 37992175.59219626,
        "active_destinations": 110,
        "yoy_growth_pct": -14.977296428041292
      },
      {
        "year": 2017,
        "export_value_usd": 52397707.1761349,
        "active_destinations": 122,
        "yoy_growth_pct": 37.917100980386046
      },
      {
        "year": 2018,
        "export_value_usd": 64020742.23602222,
        "active_destinations": 136,
        "yoy_growth_pct": 22.182335232372832
      },
      {
        "year": 2019,
        "export_value_usd": 55919454.94092672,
        "active_destinations": 140,
        "yoy_growth_pct": -12.654160217682053
      },
      {
        "year": 2020,
        "export_value_usd": 46298509.41937003,
        "active_destinations": 136,
        "yoy_growth_pct": -17.205005899503583
      },
      {
        "year": 2021,
        "export_value_usd": 74928438.43958758,
        "active_destinations": 142,
        "yoy_growth_pct": 61.83769062819885
      },
      {
        "year": 2022,
        "export_value_usd": 89966411.72796279,
        "active_destinations": 143,
        "yoy_growth_pct": 20.069780715502105
      },
      {
        "year": 2023,
        "export_value_usd": 76241314.0378602,
        "active_destinations": 141,
        "yoy_growth_pct": -15.255802055998466
      },
      {
        "year": 2024,
        "export_value_usd": 75350846.45976217,
        "active_destinations": 144,
        "yoy_growth_pct": -1.167959379157391
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "IND",
      "exports_usd": 434173960378.9284,
      "imports_usd": 655633798252.7068,
      "trade_balance_usd": -221459837873.77838,
      "yoy_exports_growth_pct": -0.4597647673187044,
      "yoy_imports_growth_pct": 3.141857930370473,
      "exports_cagr_3y_pct": 3.047988495812537,
      "imports_cagr_3y_pct": 5.610533611541824,
      "export_partner_hhi": 534.4833947020102,
      "export_product_hhi": 182.66834548021453,
      "momentum_score": 0.592561211620668,
      "risk_score": 3.585758700911123,
      "gdp_million_usd": 3909891.5338580837,
      "gdp_per_capita_usd": 2694.737808599611,
      "population": 1450935791,
      "labor_force": 525944.31,
      "investment_rate_pct": 35.67,
      "savings_rate_pct": 30.91,
      "secondary_education_pct": 63.75,
      "tertiary_education_pct": 12.09,
      "total_factor_productivity": 427.46,
      "trade_openness_pct": 24.889166772254217,
      "exports_gdp_pct": 9.915719559208833,
      "num_active_partners": 270,
      "num_fta_partners": 23,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 7,
      "num_shared_language_partners": 78,
      "avg_partner_distance_km": 7858.9876543209875,
      "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": 8.518518518518519,
      "pct_partners_shared_language": 28.888888888888886,
      "pct_partners_shared_border": 2.5925925925925926,
      "avg_applied_tariff_pct": 0.1297573295202524,
      "avg_mfn_tariff_pct": 0.13459077035606443,
      "avg_preferential_tariff_pct": 0.05939930331831677,
      "tariff_advantage_pp": 0.07519146703774765,
      "avg_distance_all_partners_km": 7969.760429150705,
      "num_border_partners": 186,
      "num_colonial_partners": 30,
      "avg_substitution_elasticity": -10.894661745572911,
      "pct_products_high_elasticity": 75.95260223048327,
      "pct_products_low_elasticity": 2.6719330855018586,
      "real_market_potential": 262040.05532200352,
      "foreign_market_potential": 21532.526735863987
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "400921",
    "hs_description": "Rubber: vulcanised (other than hard rubber), tubing, piping and hoses, reinforced or otherwise combined only with metal, without fittings",
    "hs_chapter": 40,
    "hs_heading": 4009
  },
  "destinations": [
    {
      "hs_code": 400921,
      "corridor_rank": 18,
      "exporter_iso3": "IND",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 15753173.734161505,
      "exports_all_year_avg_usd": 6463551.927706881,
      "exports_avg_3y_usd": 18133128.218326725,
      "exports_avg_5y_usd": 15549176.471812379,
      "exports_avg_10y_usd": 12168896.039851274,
      "exports_cagr_3y_pct": 2.4959860052130356,
      "exports_cagr_5y_pct": 5.795374667277353,
      "exports_cagr_10y_pct": 8.638124573935846,
      "exports_historical_peak_usd": 22125053.876613326,
      "buyer_imports_latest_observed_usd": 260960762.04341027,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": -6.14213856872281,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": -9.2226,
      "buyer_yoy_all_avg_pct": 13.3225,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 6.036606273988808,
      "market_share_change_1y_pp": 0.28958397575414985,
      "peer_best_share_pct": 18.968372666365465,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 65,
      "buyer_market_hhi": 1017.15,
      "distance_km": 11761.806640625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.023682824094060608,
      "tariff_advantage_pp": 0.037034158968565656,
      "volatility_cv": 0.8308115416276601,
      "max_drawdown_pct": 52.40805951377643,
      "attention_level": "Watch",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "['long_distance_without_fta']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 400921,
      "corridor_rank": 60,
      "exporter_iso3": "IND",
      "importer_iso3": "AUS",
      "latest_data_year": 2024,
      "lane_data_years": 28,
      "exports_latest_observed_usd": 6735606.419198514,
      "exports_all_year_avg_usd": 1763773.0447815245,
      "exports_avg_3y_usd": 5922904.564817261,
      "exports_avg_5y_usd": 4538891.4625684405,
      "exports_avg_10y_usd": 3808817.2435747967,
      "exports_cagr_3y_pct": 25.576124930304744,
      "exports_cagr_5y_pct": 18.8485612571484,
      "exports_cagr_10y_pct": 10.247011742693557,
      "exports_historical_peak_usd": 6735606.419198514,
      "buyer_imports_latest_observed_usd": 72880773.99944265,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 66.66666666666667,
      "trend_acceleration_pct": 15.329113187611187,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 4.345,
      "buyer_yoy_all_avg_pct": 6.9572,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 9.241952369015763,
      "market_share_change_1y_pp": 0.48761781095228507,
      "peer_best_share_pct": 30.437319958638696,
      "peer_top_exporter": "USA",
      "supplier_count_latest": 45,
      "buyer_market_hhi": 1483.68,
      "distance_km": 10435.1044921875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.06141381561414142,
      "tariff_advantage_pp": -0.02989581553939394,
      "volatility_cv": 1.078084819068522,
      "max_drawdown_pct": 75.83936387307128,
      "attention_level": "High attention",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility','long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 400921,
      "corridor_rank": 77,
      "exporter_iso3": "IND",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 27,
      "exports_latest_observed_usd": 5426309.23772238,
      "exports_all_year_avg_usd": 3391809.806608111,
      "exports_avg_3y_usd": 6191056.92977086,
      "exports_avg_5y_usd": 5801599.937986782,
      "exports_avg_10y_usd": 4842231.801359752,
      "exports_cagr_3y_pct": -12.070887111775342,
      "exports_cagr_5y_pct": 5.716740421378419,
      "exports_cagr_10y_pct": 0.05806903432892252,
      "exports_historical_peak_usd": 8045641.643924191,
      "buyer_imports_latest_observed_usd": 149932355.21092686,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 65.38461538461539,
      "trend_acceleration_pct": -12.128956146104265,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -12.1337,
      "buyer_yoy_all_avg_pct": 5.2797,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 3.6191716124838935,
      "market_share_change_1y_pp": 0.6296536356691775,
      "peer_best_share_pct": 24.691316149489005,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 62,
      "buyer_market_hhi": 1539.56,
      "distance_km": 6229.63671875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.018971697826111113,
      "tariff_advantage_pp": 0.042308889512955236,
      "volatility_cv": 0.6539562143464716,
      "max_drawdown_pct": 79.20818288928871,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 400921,
      "corridor_rank": 88,
      "exporter_iso3": "IND",
      "importer_iso3": "POL",
      "latest_data_year": 2024,
      "lane_data_years": 21,
      "exports_latest_observed_usd": 4551698.587672729,
      "exports_all_year_avg_usd": 719707.126417872,
      "exports_avg_3y_usd": 2103687.90310483,
      "exports_avg_5y_usd": 1320552.5896412344,
      "exports_avg_10y_usd": 1080628.2584678251,
      "exports_cagr_3y_pct": 231.49421681318367,
      "exports_cagr_5y_pct": 38.13509823261241,
      "exports_cagr_10y_pct": 15.923636492336435,
      "exports_historical_peak_usd": 4551698.587672729,
      "buyer_imports_latest_observed_usd": 54840177.30547108,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 50,
      "trend_acceleration_pct": 215.57058032084723,
      "trend_label": "Rapid growth",
      "buyer_yoy_latest_pct": 21.6614,
      "buyer_yoy_all_avg_pct": 13.2147,
      "buyer_trend_consistency_pct": 72.4138,
      "market_share_latest_pct": 8.29993412005003,
      "market_share_change_1y_pp": 7.300703601484331,
      "peer_best_share_pct": 22.108403870262354,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 47,
      "buyer_market_hhi": 1108.9,
      "distance_km": 5269.8330078125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.13294336478585858,
      "tariff_advantage_pp": 0.059177336583838364,
      "volatility_cv": 1.3012878607319394,
      "max_drawdown_pct": 87.96926681570798,
      "attention_level": "Watch",
      "primary_risk_reason": "Trade has varied substantially across reported years",
      "risk_driver_labels": "['high_volatility']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 400921,
      "corridor_rank": 90,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "latest_data_year": 2024,
      "lane_data_years": 23,
      "exports_latest_observed_usd": 4494497.009407145,
      "exports_all_year_avg_usd": 2619407.145794506,
      "exports_avg_3y_usd": 6326526.743284619,
      "exports_avg_5y_usd": 5867300.0899932105,
      "exports_avg_10y_usd": 4754813.227241895,
      "exports_cagr_3y_pct": -9.426073782745526,
      "exports_cagr_5y_pct": 8.827366902718325,
      "exports_cagr_10y_pct": 7.508029326379995,
      "exports_historical_peak_usd": 7303745.781863993,
      "buyer_imports_latest_observed_usd": 24942554.661152195,
      "historical_peak_year": 2023,
      "positive_growth_year_share_pct": 68.18181818181819,
      "trend_acceleration_pct": -16.93410310912552,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -17.8796,
      "buyer_yoy_all_avg_pct": 5.2792,
      "buyer_trend_consistency_pct": 64,
      "market_share_latest_pct": 18.01939324365713,
      "market_share_change_1y_pp": -6.027315425839948,
      "peer_best_share_pct": 23.80608314031951,
      "peer_top_exporter": "ITA",
      "supplier_count_latest": 59,
      "buyer_market_hhi": 1341.58,
      "distance_km": 6419.5986328125,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.019243141578797984,
      "tariff_advantage_pp": 0.04283432120622474,
      "volatility_cv": 0.8760722306484543,
      "max_drawdown_pct": 97.8961089912331,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "IND",
    "hs_code": 400921,
    "num_markets": 155,
    "highest_price_importer_iso3": "YEM",
    "highest_price_usd_per_ton": 448666.6666666667,
    "lowest_price_importer_iso3": "LBR",
    "lowest_price_usd_per_ton": 36.42080440193895,
    "median_price_across_markets": 5458.480203295352,
    "price_spread_pct": 8218.958925442674,
    "avg_quantity_metric_tons": 108.11371814092952,
    "total_trade_value_usd": 354371082
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 22977320.15679999,
      "active_destinations": 93,
      "yoy_growth_pct": 97.64937424040008
    },
    {
      "year": 2011,
      "export_value_usd": 37483331.424941584,
      "active_destinations": 99,
      "yoy_growth_pct": 63.131867289791984
    },
    {
      "year": 2012,
      "export_value_usd": 41969740.902103,
      "active_destinations": 108,
      "yoy_growth_pct": 11.969078805455743
    },
    {
      "year": 2013,
      "export_value_usd": 39016369.87822628,
      "active_destinations": 106,
      "yoy_growth_pct": -7.036905542890147
    },
    {
      "year": 2014,
      "export_value_usd": 44146152.97547719,
      "active_destinations": 116,
      "yoy_growth_pct": 13.147771341263779
    },
    {
      "year": 2015,
      "export_value_usd": 44684741.83491672,
      "active_destinations": 109,
      "yoy_growth_pct": 1.220013122635422
    },
    {
      "year": 2016,
      "export_value_usd": 37992175.59219626,
      "active_destinations": 110,
      "yoy_growth_pct": -14.977296428041292
    },
    {
      "year": 2017,
      "export_value_usd": 52397707.1761349,
      "active_destinations": 122,
      "yoy_growth_pct": 37.917100980386046
    },
    {
      "year": 2018,
      "export_value_usd": 64020742.23602222,
      "active_destinations": 136,
      "yoy_growth_pct": 22.182335232372832
    },
    {
      "year": 2019,
      "export_value_usd": 55919454.94092672,
      "active_destinations": 140,
      "yoy_growth_pct": -12.654160217682053
    },
    {
      "year": 2020,
      "export_value_usd": 46298509.41937003,
      "active_destinations": 136,
      "yoy_growth_pct": -17.205005899503583
    },
    {
      "year": 2021,
      "export_value_usd": 74928438.43958758,
      "active_destinations": 142,
      "yoy_growth_pct": 61.83769062819885
    },
    {
      "year": 2022,
      "export_value_usd": 89966411.72796279,
      "active_destinations": 143,
      "yoy_growth_pct": 20.069780715502105
    },
    {
      "year": 2023,
      "export_value_usd": 76241314.0378602,
      "active_destinations": 141,
      "yoy_growth_pct": -15.255802055998466
    },
    {
      "year": 2024,
      "export_value_usd": 75350846.45976217,
      "active_destinations": 144,
      "yoy_growth_pct": -1.167959379157391
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "IND",
    "exports_usd": 434173960378.9284,
    "imports_usd": 655633798252.7068,
    "trade_balance_usd": -221459837873.77838,
    "yoy_exports_growth_pct": -0.4597647673187044,
    "yoy_imports_growth_pct": 3.141857930370473,
    "exports_cagr_3y_pct": 3.047988495812537,
    "imports_cagr_3y_pct": 5.610533611541824,
    "export_partner_hhi": 534.4833947020102,
    "export_product_hhi": 182.66834548021453,
    "momentum_score": 0.592561211620668,
    "risk_score": 3.585758700911123,
    "gdp_million_usd": 3909891.5338580837,
    "gdp_per_capita_usd": 2694.737808599611,
    "population": 1450935791,
    "labor_force": 525944.31,
    "investment_rate_pct": 35.67,
    "savings_rate_pct": 30.91,
    "secondary_education_pct": 63.75,
    "tertiary_education_pct": 12.09,
    "total_factor_productivity": 427.46,
    "trade_openness_pct": 24.889166772254217,
    "exports_gdp_pct": 9.915719559208833,
    "num_active_partners": 270,
    "num_fta_partners": 23,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 7,
    "num_shared_language_partners": 78,
    "avg_partner_distance_km": 7858.9876543209875,
    "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": 8.518518518518519,
    "pct_partners_shared_language": 28.888888888888886,
    "pct_partners_shared_border": 2.5925925925925926,
    "avg_applied_tariff_pct": 0.1297573295202524,
    "avg_mfn_tariff_pct": 0.13459077035606443,
    "avg_preferential_tariff_pct": 0.05939930331831677,
    "tariff_advantage_pp": 0.07519146703774765,
    "avg_distance_all_partners_km": 7969.760429150705,
    "num_border_partners": 186,
    "num_colonial_partners": 30,
    "avg_substitution_elasticity": -10.894661745572911,
    "pct_products_high_elasticity": 75.95260223048327,
    "pct_products_low_elasticity": 2.6719330855018586,
    "real_market_potential": 262040.05532200352,
    "foreign_market_potential": 21532.526735863987
  }
}
```
