# India HS 940490 exports | Yugalinks

Explore reported HS 940490 exports from India: destinations, growth, concentration, prices, and history.

## Exporter position

| Measure | Value |
| --- | --- |
| Exporter | India |
| HS6 | 940490 |
| Latest exports | $546.2M |
| Active destinations | 160 |
| Three-year growth | -9.7% |
| Destination HHI | 3,683 |
| Weighted share | 7.5% |

## Destination markets

- USA, Puerto Rico and US Virgin Islands: $326.8M; share 8.8%; growth -9.9%
- France: $28.2M; share 7.8%; growth -11.2%
- United Kingdom: $24.7M; share 5.5%; growth -12.3%
- Australia: $19.9M; share 6.8%; growth +0.8%
- Germany: $18.9M; share 2.5%; growth -9.2%
- United Arab Emirates: $17.1M; share 12.7%; growth +5%

## Price intelligence

- Highest reported market price: Rwanda at $341.5K / ton.
- Lowest reported market price: Mauritania at $53.7 / ton.
- Median reported price: $6.7K / ton.
- Price spread: 5,084.4%.

## Export history

- 2010: $205.5M
- 2011: $224.5M
- 2012: $235.8M
- 2013: $280.0M
- 2014: $317.0M
- 2015: $350.4M
- 2016: $373.6M
- 2017: $397.6M
- 2018: $449.6M
- 2019: $477.8M
- 2020: $478.0M
- 2021: $741.3M
- 2022: $598.3M
- 2023: $477.8M
- 2024: $546.2M

## 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/940490",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/940490",
    "exporter": "https://www.yugalinks.com/trade/exporter/ind/940490",
    "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": "940490",
    "exporter_iso3": "IND",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 194,
    "current_lane_count": 160,
    "active_market_count": 160,
    "exports_latest_observed_lanes_usd": 546208813.7226766,
    "exports_current_2024_usd": 546150760.571877,
    "exports_avg_3y_usd": 540751757.562143,
    "exports_avg_5y_usd": 568303409.1789874,
    "exports_avg_10y_usd": 489057773.9991808,
    "exports_cagr_3y_pct": -9.680719734164434,
    "exports_cagr_5y_pct": 2.708199217196272,
    "exports_cagr_10y_pct": 5.591777594428282,
    "exports_all_year_lane_avg_usd": 256185871.0604011,
    "exports_historical_lane_peak_usd": 774939048.5848994,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 86.20689655172414,
    "trend_acceleration_pct": -15.272497328592717,
    "trend_label": "Declining",
    "top_market_iso3": "USA",
    "top_market_exports_usd": 326772344.0617456,
    "top_market_share_pct": 59.8255348233278,
    "destination_hhi": 3683.375106576245,
    "weighted_share_latest_pct": 7.466071135840612,
    "weighted_share_change_1y_pp": 0.4066336021857836,
    "weighted_volatility_cv": 0.8569001927108753,
    "weighted_max_drawdown_pct": 46.296565727074025,
    "limited_history_lane_share_pct": 7.216494845360825,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:28:58",
    "source": "api",
    "product": {
      "hs_code": 940490,
      "hs_description": "Bedding and similar furnishing articles: n.e.c. in heading no. 9404 (e.g. quilts, eiderdowns, cushions, pouffes and pillows)",
      "hs_chapter": 94,
      "hs_heading": 9404,
      "substitution_elasticity": -6.6109586,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Bedding and similar furnishing articles: n.e.c. in heading no. 9404 (e.g. quilts, eiderdowns, cushions, pouffes and pillows)",
    "hs_chapter": 94,
    "hs_heading": 9404,
    "destinations": [
      {
        "hs_code": 940490,
        "corridor_rank": 3,
        "exporter_iso3": "IND",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 326772344.0617456,
        "exports_all_year_avg_usd": 128994313.96457593,
        "exports_avg_3y_usd": 326697325.5322072,
        "exports_avg_5y_usd": 341598831.1136116,
        "exports_avg_10y_usd": 271116583.5859256,
        "exports_cagr_3y_pct": -9.85875283290084,
        "exports_cagr_5y_pct": 4.7692886538526436,
        "exports_cagr_10y_pct": 10.019044451575532,
        "exports_historical_peak_usd": 446143536.83210075,
        "buyer_imports_latest_observed_usd": 3719624590.2719517,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 82.75862068965517,
        "trend_acceleration_pct": -19.877797284476372,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 10.4702,
        "buyer_yoy_all_avg_pct": 10.9309,
        "buyer_trend_consistency_pct": 75.8621,
        "market_share_latest_pct": 8.78508935865096,
        "market_share_change_1y_pp": 0.2585690493038584,
        "peer_best_share_pct": 73.67128389652034,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 125,
        "buyer_market_hhi": 5556.71,
        "distance_km": 11761.806640625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.023682824094060608,
        "tariff_advantage_pp": 0.037034158968565656,
        "volatility_cv": 0.8970612888336464,
        "max_drawdown_pct": 40.54368318159365,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940490,
        "corridor_rank": 54,
        "exporter_iso3": "IND",
        "importer_iso3": "FRA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 28165612.63440622,
        "exports_all_year_avg_usd": 19107340.878028393,
        "exports_avg_3y_usd": 25379736.719831888,
        "exports_avg_5y_usd": 28903103.76861348,
        "exports_avg_10y_usd": 29839081.084489834,
        "exports_cagr_3y_pct": -11.23736745777264,
        "exports_cagr_5y_pct": -2.8811534792133053,
        "exports_cagr_10y_pct": 0.15380759461198767,
        "exports_historical_peak_usd": 40274362.95286493,
        "buyer_imports_latest_observed_usd": 362770093.6424159,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 68.96551724137932,
        "trend_acceleration_pct": -11.391175052384629,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 0.5805,
        "buyer_yoy_all_avg_pct": 6.7517,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 7.764039298721573,
        "market_share_change_1y_pp": 1.6597749561286346,
        "peer_best_share_pct": 28.17959208010506,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 122,
        "buyer_market_hhi": 1226.44,
        "distance_km": 6594.22998046875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.019243141578797984,
        "tariff_advantage_pp": 0.04283432120622474,
        "volatility_cv": 0.5786083283900224,
        "max_drawdown_pct": 45.33335619411499,
        "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": 940490,
        "corridor_rank": 62,
        "exporter_iso3": "IND",
        "importer_iso3": "GBR",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 24654499.221468385,
        "exports_all_year_avg_usd": 16474835.79508016,
        "exports_avg_3y_usd": 24761923.503637668,
        "exports_avg_5y_usd": 26717549.6754679,
        "exports_avg_10y_usd": 27551309.6852296,
        "exports_cagr_3y_pct": -12.29181149600449,
        "exports_cagr_5y_pct": -2.175923119319967,
        "exports_cagr_10y_pct": -1.0012189092559964,
        "exports_historical_peak_usd": 36540607.35561332,
        "buyer_imports_latest_observed_usd": 450446301.68445534,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 68.96551724137932,
        "trend_acceleration_pct": -11.290592586748494,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 12.078,
        "buyer_yoy_all_avg_pct": 9.7878,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 5.473349238138323,
        "market_share_change_1y_pp": 0.11405547645249126,
        "peer_best_share_pct": 57.759884808020104,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 99,
        "buyer_market_hhi": 3492.61,
        "distance_km": 6720.63623046875,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.6797506322754701,
        "max_drawdown_pct": 41.0539723578362,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940490,
        "corridor_rank": 80,
        "exporter_iso3": "IND",
        "importer_iso3": "AUS",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 19851864.47439887,
        "exports_all_year_avg_usd": 7141949.987957481,
        "exports_avg_3y_usd": 18889120.311062183,
        "exports_avg_5y_usd": 18596955.901024707,
        "exports_avg_10y_usd": 16141841.225072216,
        "exports_cagr_3y_pct": 0.7856980905675659,
        "exports_cagr_5y_pct": 6.0749238395199745,
        "exports_cagr_10y_pct": 7.001589331175784,
        "exports_historical_peak_usd": 19851864.47439887,
        "buyer_imports_latest_observed_usd": 293896938.4218243,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 72.41379310344827,
        "trend_acceleration_pct": -6.215891240608218,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": -0.4098,
        "buyer_yoy_all_avg_pct": 13.7402,
        "buyer_trend_consistency_pct": 75.8621,
        "market_share_latest_pct": 6.754702713474983,
        "market_share_change_1y_pp": 0.8388433423571895,
        "peer_best_share_pct": 79.31706520031744,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 74,
        "buyer_market_hhi": 6376.74,
        "distance_km": 10435.1044921875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.06141381561414142,
        "tariff_advantage_pp": -0.02989581553939394,
        "volatility_cv": 0.9658472870234124,
        "max_drawdown_pct": 31.534725681398225,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 940490,
        "corridor_rank": 84,
        "exporter_iso3": "IND",
        "importer_iso3": "DEU",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 18947398.250280224,
        "exports_all_year_avg_usd": 9663222.786979076,
        "exports_avg_3y_usd": 18154118.50859942,
        "exports_avg_5y_usd": 19255590.028792553,
        "exports_avg_10y_usd": 16539680.409581345,
        "exports_cagr_3y_pct": -9.24813451072376,
        "exports_cagr_5y_pct": 6.113559015938086,
        "exports_cagr_10y_pct": 1.3251011599130447,
        "exports_historical_peak_usd": 25350288.146516193,
        "buyer_imports_latest_observed_usd": 751291330.5510287,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": -10.573235670636805,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": 0.3981,
        "buyer_yoy_all_avg_pct": 5.3453,
        "buyer_trend_consistency_pct": 72.4138,
        "market_share_latest_pct": 2.5219774912594057,
        "market_share_change_1y_pp": 0.362224444718406,
        "peer_best_share_pct": 31.19484860656595,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 112,
        "buyer_market_hhi": 1744.54,
        "distance_km": 6229.63671875,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.018971697826111113,
        "tariff_advantage_pp": 0.042308889512955236,
        "volatility_cv": 0.6848384174008858,
        "max_drawdown_pct": 36.24651560066984,
        "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": 940490,
        "corridor_rank": 92,
        "exporter_iso3": "IND",
        "importer_iso3": "ARE",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 17097163.901991896,
        "exports_all_year_avg_usd": 6142053.556006155,
        "exports_avg_3y_usd": 16011668.360636497,
        "exports_avg_5y_usd": 14595154.190123517,
        "exports_avg_10y_usd": 12614481.620325357,
        "exports_cagr_3y_pct": 4.988256456459994,
        "exports_cagr_5y_pct": 9.837886860796496,
        "exports_cagr_10y_pct": 7.674894145763589,
        "exports_historical_peak_usd": 17097163.901991896,
        "buyer_imports_latest_observed_usd": 134375608.4000397,
        "historical_peak_year": 2024,
        "positive_growth_year_share_pct": 75.86206896551724,
        "trend_acceleration_pct": -2.686637689303595,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": -7.8608,
        "buyer_yoy_all_avg_pct": 13.0234,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 12.723413203900213,
        "market_share_change_1y_pp": 2.3007314979602516,
        "peer_best_share_pct": 66.35603929983945,
        "peer_top_exporter": "CHN",
        "supplier_count_latest": 100,
        "buyer_market_hhi": 4595.92,
        "distance_km": 2312.870849609375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.05214629114545451,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.8943398201542965,
        "max_drawdown_pct": 62.11625255032942,
        "attention_level": "High attention",
        "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
        "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
        "signal_flag": "Accelerating",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      }
    ],
    "priceSummary": {
      "exporter_iso3": "IND",
      "hs_code": 940490,
      "num_markets": 187,
      "highest_price_importer_iso3": "RWA",
      "highest_price_usd_per_ton": 341500,
      "lowest_price_importer_iso3": "MRT",
      "lowest_price_usd_per_ton": 53.69675208095316,
      "median_price_across_markets": 6715.59633027523,
      "price_spread_pct": 5084.378012844696,
      "avg_quantity_metric_tons": 467.8323927680796,
      "total_trade_value_usd": 2631990811
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 205500451.7225521,
        "active_destinations": 150,
        "yoy_growth_pct": 18.68406591603884
      },
      {
        "year": 2011,
        "export_value_usd": 224478889.4800159,
        "active_destinations": 153,
        "yoy_growth_pct": 9.235229216472362
      },
      {
        "year": 2012,
        "export_value_usd": 235789434.4856741,
        "active_destinations": 153,
        "yoy_growth_pct": 5.038578474732308
      },
      {
        "year": 2013,
        "export_value_usd": 279993200.2196748,
        "active_destinations": 153,
        "yoy_growth_pct": 18.747135905568495
      },
      {
        "year": 2014,
        "export_value_usd": 316965162.46796167,
        "active_destinations": 160,
        "yoy_growth_pct": 13.204592904141844
      },
      {
        "year": 2015,
        "export_value_usd": 350419233.15824896,
        "active_destinations": 164,
        "yoy_growth_pct": 10.554494515992362
      },
      {
        "year": 2016,
        "export_value_usd": 373602743.42472637,
        "active_destinations": 165,
        "yoy_growth_pct": 6.615935448956295
      },
      {
        "year": 2017,
        "export_value_usd": 397585924.8314272,
        "active_destinations": 162,
        "yoy_growth_pct": 6.419433965300363
      },
      {
        "year": 2018,
        "export_value_usd": 449607877.71367913,
        "active_destinations": 171,
        "yoy_growth_pct": 13.084455367555767
      },
      {
        "year": 2019,
        "export_value_usd": 477844914.96878916,
        "active_destinations": 166,
        "yoy_growth_pct": 6.280369774368596
      },
      {
        "year": 2020,
        "export_value_usd": 478000795.0239432,
        "active_destinations": 167,
        "yoy_growth_pct": 0.032621474095671184
      },
      {
        "year": 2021,
        "export_value_usd": 741260978.1845647,
        "active_destinations": 163,
        "yoy_growth_pct": 55.07526052282711
      },
      {
        "year": 2022,
        "export_value_usd": 598276329.5233862,
        "active_destinations": 159,
        "yoy_growth_pct": -19.289380241135138
      },
      {
        "year": 2023,
        "export_value_usd": 477828182.5911659,
        "active_destinations": 170,
        "yoy_growth_pct": -20.132527560997566
      },
      {
        "year": 2024,
        "export_value_usd": 546150760.571877,
        "active_destinations": 160,
        "yoy_growth_pct": 14.298565984578712
      }
    ],
    "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": "940490",
    "hs_description": "Bedding and similar furnishing articles: n.e.c. in heading no. 9404 (e.g. quilts, eiderdowns, cushions, pouffes and pillows)",
    "hs_chapter": 94,
    "hs_heading": 9404
  },
  "destinations": [
    {
      "hs_code": 940490,
      "corridor_rank": 3,
      "exporter_iso3": "IND",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 326772344.0617456,
      "exports_all_year_avg_usd": 128994313.96457593,
      "exports_avg_3y_usd": 326697325.5322072,
      "exports_avg_5y_usd": 341598831.1136116,
      "exports_avg_10y_usd": 271116583.5859256,
      "exports_cagr_3y_pct": -9.85875283290084,
      "exports_cagr_5y_pct": 4.7692886538526436,
      "exports_cagr_10y_pct": 10.019044451575532,
      "exports_historical_peak_usd": 446143536.83210075,
      "buyer_imports_latest_observed_usd": 3719624590.2719517,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 82.75862068965517,
      "trend_acceleration_pct": -19.877797284476372,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 10.4702,
      "buyer_yoy_all_avg_pct": 10.9309,
      "buyer_trend_consistency_pct": 75.8621,
      "market_share_latest_pct": 8.78508935865096,
      "market_share_change_1y_pp": 0.2585690493038584,
      "peer_best_share_pct": 73.67128389652034,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 125,
      "buyer_market_hhi": 5556.71,
      "distance_km": 11761.806640625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.023682824094060608,
      "tariff_advantage_pp": 0.037034158968565656,
      "volatility_cv": 0.8970612888336464,
      "max_drawdown_pct": 40.54368318159365,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940490,
      "corridor_rank": 54,
      "exporter_iso3": "IND",
      "importer_iso3": "FRA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 28165612.63440622,
      "exports_all_year_avg_usd": 19107340.878028393,
      "exports_avg_3y_usd": 25379736.719831888,
      "exports_avg_5y_usd": 28903103.76861348,
      "exports_avg_10y_usd": 29839081.084489834,
      "exports_cagr_3y_pct": -11.23736745777264,
      "exports_cagr_5y_pct": -2.8811534792133053,
      "exports_cagr_10y_pct": 0.15380759461198767,
      "exports_historical_peak_usd": 40274362.95286493,
      "buyer_imports_latest_observed_usd": 362770093.6424159,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 68.96551724137932,
      "trend_acceleration_pct": -11.391175052384629,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 0.5805,
      "buyer_yoy_all_avg_pct": 6.7517,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 7.764039298721573,
      "market_share_change_1y_pp": 1.6597749561286346,
      "peer_best_share_pct": 28.17959208010506,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 122,
      "buyer_market_hhi": 1226.44,
      "distance_km": 6594.22998046875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.019243141578797984,
      "tariff_advantage_pp": 0.04283432120622474,
      "volatility_cv": 0.5786083283900224,
      "max_drawdown_pct": 45.33335619411499,
      "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": 940490,
      "corridor_rank": 62,
      "exporter_iso3": "IND",
      "importer_iso3": "GBR",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 24654499.221468385,
      "exports_all_year_avg_usd": 16474835.79508016,
      "exports_avg_3y_usd": 24761923.503637668,
      "exports_avg_5y_usd": 26717549.6754679,
      "exports_avg_10y_usd": 27551309.6852296,
      "exports_cagr_3y_pct": -12.29181149600449,
      "exports_cagr_5y_pct": -2.175923119319967,
      "exports_cagr_10y_pct": -1.0012189092559964,
      "exports_historical_peak_usd": 36540607.35561332,
      "buyer_imports_latest_observed_usd": 450446301.68445534,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 68.96551724137932,
      "trend_acceleration_pct": -11.290592586748494,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 12.078,
      "buyer_yoy_all_avg_pct": 9.7878,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 5.473349238138323,
      "market_share_change_1y_pp": 0.11405547645249126,
      "peer_best_share_pct": 57.759884808020104,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 99,
      "buyer_market_hhi": 3492.61,
      "distance_km": 6720.63623046875,
      "has_reported_fta": 0,
      "applied_tariff_pct": null,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.6797506322754701,
      "max_drawdown_pct": 41.0539723578362,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940490,
      "corridor_rank": 80,
      "exporter_iso3": "IND",
      "importer_iso3": "AUS",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 19851864.47439887,
      "exports_all_year_avg_usd": 7141949.987957481,
      "exports_avg_3y_usd": 18889120.311062183,
      "exports_avg_5y_usd": 18596955.901024707,
      "exports_avg_10y_usd": 16141841.225072216,
      "exports_cagr_3y_pct": 0.7856980905675659,
      "exports_cagr_5y_pct": 6.0749238395199745,
      "exports_cagr_10y_pct": 7.001589331175784,
      "exports_historical_peak_usd": 19851864.47439887,
      "buyer_imports_latest_observed_usd": 293896938.4218243,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 72.41379310344827,
      "trend_acceleration_pct": -6.215891240608218,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": -0.4098,
      "buyer_yoy_all_avg_pct": 13.7402,
      "buyer_trend_consistency_pct": 75.8621,
      "market_share_latest_pct": 6.754702713474983,
      "market_share_change_1y_pp": 0.8388433423571895,
      "peer_best_share_pct": 79.31706520031744,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 74,
      "buyer_market_hhi": 6376.74,
      "distance_km": 10435.1044921875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.06141381561414142,
      "tariff_advantage_pp": -0.02989581553939394,
      "volatility_cv": 0.9658472870234124,
      "max_drawdown_pct": 31.534725681398225,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier','long_distance_without_fta']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 940490,
      "corridor_rank": 84,
      "exporter_iso3": "IND",
      "importer_iso3": "DEU",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 18947398.250280224,
      "exports_all_year_avg_usd": 9663222.786979076,
      "exports_avg_3y_usd": 18154118.50859942,
      "exports_avg_5y_usd": 19255590.028792553,
      "exports_avg_10y_usd": 16539680.409581345,
      "exports_cagr_3y_pct": -9.24813451072376,
      "exports_cagr_5y_pct": 6.113559015938086,
      "exports_cagr_10y_pct": 1.3251011599130447,
      "exports_historical_peak_usd": 25350288.146516193,
      "buyer_imports_latest_observed_usd": 751291330.5510287,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": -10.573235670636805,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": 0.3981,
      "buyer_yoy_all_avg_pct": 5.3453,
      "buyer_trend_consistency_pct": 72.4138,
      "market_share_latest_pct": 2.5219774912594057,
      "market_share_change_1y_pp": 0.362224444718406,
      "peer_best_share_pct": 31.19484860656595,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 112,
      "buyer_market_hhi": 1744.54,
      "distance_km": 6229.63671875,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.018971697826111113,
      "tariff_advantage_pp": 0.042308889512955236,
      "volatility_cv": 0.6848384174008858,
      "max_drawdown_pct": 36.24651560066984,
      "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": 940490,
      "corridor_rank": 92,
      "exporter_iso3": "IND",
      "importer_iso3": "ARE",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 17097163.901991896,
      "exports_all_year_avg_usd": 6142053.556006155,
      "exports_avg_3y_usd": 16011668.360636497,
      "exports_avg_5y_usd": 14595154.190123517,
      "exports_avg_10y_usd": 12614481.620325357,
      "exports_cagr_3y_pct": 4.988256456459994,
      "exports_cagr_5y_pct": 9.837886860796496,
      "exports_cagr_10y_pct": 7.674894145763589,
      "exports_historical_peak_usd": 17097163.901991896,
      "buyer_imports_latest_observed_usd": 134375608.4000397,
      "historical_peak_year": 2024,
      "positive_growth_year_share_pct": 75.86206896551724,
      "trend_acceleration_pct": -2.686637689303595,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": -7.8608,
      "buyer_yoy_all_avg_pct": 13.0234,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 12.723413203900213,
      "market_share_change_1y_pp": 2.3007314979602516,
      "peer_best_share_pct": 66.35603929983945,
      "peer_top_exporter": "CHN",
      "supplier_count_latest": 100,
      "buyer_market_hhi": 4595.92,
      "distance_km": 2312.870849609375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.05214629114545451,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.8943398201542965,
      "max_drawdown_pct": 62.11625255032942,
      "attention_level": "High attention",
      "primary_risk_reason": "The buyer market is concentrated among relatively few suppliers",
      "risk_driver_labels": "['concentrated_buyer_market','dominant_supplier']",
      "signal_flag": "Accelerating",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    }
  ],
  "prices": [],
  "priceSummary": {
    "exporter_iso3": "IND",
    "hs_code": 940490,
    "num_markets": 187,
    "highest_price_importer_iso3": "RWA",
    "highest_price_usd_per_ton": 341500,
    "lowest_price_importer_iso3": "MRT",
    "lowest_price_usd_per_ton": 53.69675208095316,
    "median_price_across_markets": 6715.59633027523,
    "price_spread_pct": 5084.378012844696,
    "avg_quantity_metric_tons": 467.8323927680796,
    "total_trade_value_usd": 2631990811
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 205500451.7225521,
      "active_destinations": 150,
      "yoy_growth_pct": 18.68406591603884
    },
    {
      "year": 2011,
      "export_value_usd": 224478889.4800159,
      "active_destinations": 153,
      "yoy_growth_pct": 9.235229216472362
    },
    {
      "year": 2012,
      "export_value_usd": 235789434.4856741,
      "active_destinations": 153,
      "yoy_growth_pct": 5.038578474732308
    },
    {
      "year": 2013,
      "export_value_usd": 279993200.2196748,
      "active_destinations": 153,
      "yoy_growth_pct": 18.747135905568495
    },
    {
      "year": 2014,
      "export_value_usd": 316965162.46796167,
      "active_destinations": 160,
      "yoy_growth_pct": 13.204592904141844
    },
    {
      "year": 2015,
      "export_value_usd": 350419233.15824896,
      "active_destinations": 164,
      "yoy_growth_pct": 10.554494515992362
    },
    {
      "year": 2016,
      "export_value_usd": 373602743.42472637,
      "active_destinations": 165,
      "yoy_growth_pct": 6.615935448956295
    },
    {
      "year": 2017,
      "export_value_usd": 397585924.8314272,
      "active_destinations": 162,
      "yoy_growth_pct": 6.419433965300363
    },
    {
      "year": 2018,
      "export_value_usd": 449607877.71367913,
      "active_destinations": 171,
      "yoy_growth_pct": 13.084455367555767
    },
    {
      "year": 2019,
      "export_value_usd": 477844914.96878916,
      "active_destinations": 166,
      "yoy_growth_pct": 6.280369774368596
    },
    {
      "year": 2020,
      "export_value_usd": 478000795.0239432,
      "active_destinations": 167,
      "yoy_growth_pct": 0.032621474095671184
    },
    {
      "year": 2021,
      "export_value_usd": 741260978.1845647,
      "active_destinations": 163,
      "yoy_growth_pct": 55.07526052282711
    },
    {
      "year": 2022,
      "export_value_usd": 598276329.5233862,
      "active_destinations": 159,
      "yoy_growth_pct": -19.289380241135138
    },
    {
      "year": 2023,
      "export_value_usd": 477828182.5911659,
      "active_destinations": 170,
      "yoy_growth_pct": -20.132527560997566
    },
    {
      "year": 2024,
      "export_value_usd": 546150760.571877,
      "active_destinations": 160,
      "yoy_growth_pct": 14.298565984578712
    }
  ],
  "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
  }
}
```