{
  "template": "T3",
  "templateName": "Product Exporter Position Profile",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com"
  },
  "canonical": "https://www.yugalinks.com/trade/exporter/jpn/848120",
  "links": {
    "product": "https://www.yugalinks.com/trade/product/848120",
    "exporter": "https://www.yugalinks.com/trade/exporter/jpn/848120",
    "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": "848120",
    "exporter_iso3": "JPN",
    "first_data_year": 1995,
    "latest_data_year": 2024,
    "observed_lane_count": 195,
    "current_lane_count": 153,
    "active_market_count": 153,
    "exports_latest_observed_lanes_usd": 1038705503.4341102,
    "exports_current_2024_usd": 1038027781.2529639,
    "exports_avg_3y_usd": 1295209169.348172,
    "exports_avg_5y_usd": 1380379016.6565475,
    "exports_avg_10y_usd": 1308623870.9334228,
    "exports_cagr_3y_pct": -14.517135353922717,
    "exports_cagr_5y_pct": -5.003809833218719,
    "exports_cagr_10y_pct": -0.38770930449263385,
    "exports_all_year_lane_avg_usd": 876708310.6804678,
    "exports_historical_lane_peak_usd": 2018379694.7107656,
    "historical_peak_year": 2021,
    "positive_growth_year_share_pct": 62.06896551724138,
    "trend_acceleration_pct": -14.129426049430084,
    "trend_label": "Rapid decline",
    "top_market_iso3": "CHN",
    "top_market_exports_usd": 350169954.3034588,
    "top_market_share_pct": 33.71214970419878,
    "destination_hhi": 1627.6886365218024,
    "weighted_share_latest_pct": 17.145472145448785,
    "weighted_share_change_1y_pp": -3.361260498131703,
    "weighted_volatility_cv": 0.6588932839537123,
    "weighted_max_drawdown_pct": 61.18368764594249,
    "limited_history_lane_share_pct": 9.23076923076923,
    "data_freshness_years": 0,
    "coverage_score": 100,
    "confidence_label": "High",
    "refreshed_at": "2026-07-20 09:29:06",
    "source": "api",
    "product": {
      "hs_code": 848120,
      "hs_description": "Valves: for oleohydraulic or pneumatic transmissions",
      "hs_chapter": 84,
      "hs_heading": 8481,
      "substitution_elasticity": -3.5055051,
      "price_range_label": "Low price range",
      "trade_type_label": "One-way trade"
    },
    "hs_description": "Valves: for oleohydraulic or pneumatic transmissions",
    "hs_chapter": 84,
    "hs_heading": 8481,
    "destinations": [
      {
        "hs_code": 848120,
        "corridor_rank": 3,
        "exporter_iso3": "JPN",
        "importer_iso3": "CHN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 350169954.3034588,
        "exports_all_year_avg_usd": 290048641.85910666,
        "exports_avg_3y_usd": 458542678.8962951,
        "exports_avg_5y_usd": 543364530.1093866,
        "exports_avg_10y_usd": 487815365.35431707,
        "exports_cagr_3y_pct": -20.526571490254895,
        "exports_cagr_5y_pct": -8.357847035757837,
        "exports_cagr_10y_pct": -0.07190393487270796,
        "exports_historical_peak_usd": 799546623.4598666,
        "buyer_imports_latest_observed_usd": 1544797873.2652535,
        "historical_peak_year": 2011,
        "positive_growth_year_share_pct": 72.41379310344827,
        "trend_acceleration_pct": -20.454667555382187,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -5.3374,
        "buyer_yoy_all_avg_pct": 20.4332,
        "buyer_trend_consistency_pct": 68.9655,
        "market_share_latest_pct": 22.66768749255858,
        "market_share_change_1y_pp": -5.501226717780458,
        "peer_best_share_pct": 24.139942762279805,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 75,
        "buyer_market_hhi": 1351.69,
        "distance_km": 2098.11083984375,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.3018987556787879,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.8338456596673306,
        "max_drawdown_pct": 68.29386877211411,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 9,
        "exporter_iso3": "JPN",
        "importer_iso3": "USA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 197394529.3992008,
        "exports_all_year_avg_usd": 177926751.51977006,
        "exports_avg_3y_usd": 252450033.22275782,
        "exports_avg_5y_usd": 248074157.27381286,
        "exports_avg_10y_usd": 264402440.03723708,
        "exports_cagr_3y_pct": -10.947433340672863,
        "exports_cagr_5y_pct": -6.144575394390317,
        "exports_cagr_10y_pct": -2.520699393776704,
        "exports_historical_peak_usd": 306004208.11745757,
        "buyer_imports_latest_observed_usd": 1823561336.3898818,
        "historical_peak_year": 2018,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": -8.426733946896158,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -4.1862,
        "buyer_yoy_all_avg_pct": 9.1617,
        "buyer_trend_consistency_pct": 75.8621,
        "market_share_latest_pct": 10.82467178153625,
        "market_share_change_1y_pp": -3.7317503788816957,
        "peer_best_share_pct": 35.142468865276726,
        "peer_top_exporter": "MEX",
        "supplier_count_latest": 98,
        "buyer_market_hhi": 1752.11,
        "distance_km": 10855.5869140625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.04673181352585858,
        "tariff_advantage_pp": 0.02445433962268399,
        "volatility_cv": 0.4757960500495994,
        "max_drawdown_pct": 39.252593978996956,
        "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": 848120,
        "corridor_rank": 41,
        "exporter_iso3": "JPN",
        "importer_iso3": "KOR",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 68703217.33734913,
        "exports_all_year_avg_usd": 80072442.93246518,
        "exports_avg_3y_usd": 87820237.71507823,
        "exports_avg_5y_usd": 99425099.46195121,
        "exports_avg_10y_usd": 103689087.7795958,
        "exports_cagr_3y_pct": -18.117744880280227,
        "exports_cagr_5y_pct": -7.667756809530446,
        "exports_cagr_10y_pct": -0.44539780391583683,
        "exports_historical_peak_usd": 132770758.58883697,
        "buyer_imports_latest_observed_usd": 340613337.754109,
        "historical_peak_year": 2017,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -17.67234707636439,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -7.2884,
        "buyer_yoy_all_avg_pct": 6.0443,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 20.170442470149666,
        "market_share_change_1y_pp": -3.5660252899368636,
        "peer_best_share_pct": 21.832855696743124,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 63,
        "buyer_market_hhi": 1393.75,
        "distance_km": 1156.6695556640625,
        "has_reported_fta": 0,
        "applied_tariff_pct": 0.14600262464040406,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.3567203079508215,
        "max_drawdown_pct": 75.28552388937865,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 55,
        "exporter_iso3": "JPN",
        "importer_iso3": "IND",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 49758354.85962123,
        "exports_all_year_avg_usd": 20323882.99589936,
        "exports_avg_3y_usd": 46011101.90690582,
        "exports_avg_5y_usd": 42926221.505576596,
        "exports_avg_10y_usd": 36385253.68189925,
        "exports_cagr_3y_pct": -0.23298782010537922,
        "exports_cagr_5y_pct": 6.554148360717926,
        "exports_cagr_10y_pct": 11.16127344543525,
        "exports_historical_peak_usd": 50107774.52307326,
        "buyer_imports_latest_observed_usd": 268329127.5419695,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 65.51724137931035,
        "trend_acceleration_pct": -11.394261265540628,
        "trend_label": "Stable",
        "buyer_yoy_latest_pct": 6.1411,
        "buyer_yoy_all_avg_pct": 13.4547,
        "buyer_trend_consistency_pct": 65.5172,
        "market_share_latest_pct": 18.543776933735426,
        "market_share_change_1y_pp": 0.7622863431902651,
        "peer_best_share_pct": 26.087057701634382,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 66,
        "buyer_market_hhi": 1383.89,
        "distance_km": 5847.71044921875,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.5258509413535353,
        "tariff_advantage_pp": 0.48472659836101,
        "volatility_cv": 0.7545166746401598,
        "max_drawdown_pct": 49.2667519148214,
        "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"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 82,
        "exporter_iso3": "JPN",
        "importer_iso3": "TWN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 32596497.29580069,
        "exports_all_year_avg_usd": 26628800.095200095,
        "exports_avg_3y_usd": 36996143.83957836,
        "exports_avg_5y_usd": 41119760.622474656,
        "exports_avg_10y_usd": 39277646.11087851,
        "exports_cagr_3y_pct": -13.822099259133246,
        "exports_cagr_5y_pct": -3.5704418725443943,
        "exports_cagr_10y_pct": -0.30092749790487927,
        "exports_historical_peak_usd": 50931117.217753425,
        "buyer_imports_latest_observed_usd": 97671708.61892845,
        "historical_peak_year": 2021,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": -13.521171761228366,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": 2.381,
        "buyer_yoy_all_avg_pct": 7.3323,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 33.37353032593882,
        "market_share_change_1y_pp": 0.018792268905819753,
        "peer_best_share_pct": 33.37353032593882,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 57,
        "buyer_market_hhi": 1834.04,
        "distance_km": 2103.04736328125,
        "has_reported_fta": 0,
        "applied_tariff_pct": null,
        "tariff_advantage_pp": null,
        "volatility_cv": 0.4183231580406147,
        "max_drawdown_pct": 44.78516177249407,
        "attention_level": "Stable",
        "primary_risk_reason": "No material risk condition is currently identified",
        "risk_driver_labels": "[]",
        "signal_flag": "Stable",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 83,
        "exporter_iso3": "JPN",
        "importer_iso3": "THA",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 32446663.045162223,
        "exports_all_year_avg_usd": 27679489.407702222,
        "exports_avg_3y_usd": 37856059.10251459,
        "exports_avg_5y_usd": 37741361.59829329,
        "exports_avg_10y_usd": 36762791.80286249,
        "exports_cagr_3y_pct": -10.38080579977353,
        "exports_cagr_5y_pct": -3.5183706853699204,
        "exports_cagr_10y_pct": -1.04750009773521,
        "exports_historical_peak_usd": 62115853.20625607,
        "buyer_imports_latest_observed_usd": 83660294.65513295,
        "historical_peak_year": 2012,
        "positive_growth_year_share_pct": 62.06896551724138,
        "trend_acceleration_pct": -9.33330570203832,
        "trend_label": "Rapid decline",
        "buyer_yoy_latest_pct": -17.5084,
        "buyer_yoy_all_avg_pct": 8.6903,
        "buyer_trend_consistency_pct": 62.069,
        "market_share_latest_pct": 38.7838259223385,
        "market_share_change_1y_pp": 3.4255168454349274,
        "peer_best_share_pct": 38.7838259223385,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 67,
        "buyer_market_hhi": 1945.4,
        "distance_km": 4612.99658203125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.29424774500464645,
        "tariff_advantage_pp": 0.2901245154679192,
        "volatility_cv": 0.5812979015939753,
        "max_drawdown_pct": 59.77068352660771,
        "attention_level": "Watch",
        "primary_risk_reason": "The buyer macroeconomic trend has weakened",
        "risk_driver_labels": "['buyer_macro_weakness']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 90,
        "exporter_iso3": "JPN",
        "importer_iso3": "BEL",
        "latest_data_year": 2024,
        "lane_data_years": 26,
        "exports_latest_observed_usd": 30328705.500894077,
        "exports_all_year_avg_usd": 34986043.512619056,
        "exports_avg_3y_usd": 37245436.36688064,
        "exports_avg_5y_usd": 38792627.464845136,
        "exports_avg_10y_usd": 39463049.620158255,
        "exports_cagr_3y_pct": -9.995774171657402,
        "exports_cagr_5y_pct": -6.153409909506524,
        "exports_cagr_10y_pct": -5.5882082211950905,
        "exports_historical_peak_usd": 71742938.17791075,
        "buyer_imports_latest_observed_usd": 221076440.85065764,
        "historical_peak_year": 2008,
        "positive_growth_year_share_pct": 60,
        "trend_acceleration_pct": -4.4075659504623115,
        "trend_label": "Declining",
        "buyer_yoy_latest_pct": -18.0839,
        "buyer_yoy_all_avg_pct": 5.9484,
        "buyer_trend_consistency_pct": 60,
        "market_share_latest_pct": 13.718651062137294,
        "market_share_change_1y_pp": -3.329685710702183,
        "peer_best_share_pct": 41.04330894627524,
        "peer_top_exporter": "DEU",
        "supplier_count_latest": 87,
        "buyer_market_hhi": 2114.17,
        "distance_km": 9463.2626953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.058542705568686876,
        "tariff_advantage_pp": 0.05620174566202021,
        "volatility_cv": 0.5213323819824561,
        "max_drawdown_pct": 57.725866445999394,
        "attention_level": "Watch",
        "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
        "risk_driver_labels": "['unrecovered_drawdown']",
        "signal_flag": "Growing",
        "confidence_label": "High",
        "refreshed_at": "2026-07-20 09:30:25"
      },
      {
        "hs_code": 848120,
        "corridor_rank": 93,
        "exporter_iso3": "JPN",
        "importer_iso3": "IDN",
        "latest_data_year": 2024,
        "lane_data_years": 30,
        "exports_latest_observed_usd": 28807132.126238752,
        "exports_all_year_avg_usd": 13242017.310714057,
        "exports_avg_3y_usd": 34753250.39343041,
        "exports_avg_5y_usd": 28986155.612905215,
        "exports_avg_10y_usd": 23866856.795601808,
        "exports_cagr_3y_pct": 4.39022020811215,
        "exports_cagr_5y_pct": 5.020513797081616,
        "exports_cagr_10y_pct": 6.609284148284056,
        "exports_historical_peak_usd": 40737776.61459826,
        "buyer_imports_latest_observed_usd": 111239920.61602116,
        "historical_peak_year": 2022,
        "positive_growth_year_share_pct": 55.172413793103445,
        "trend_acceleration_pct": -2.219063940171906,
        "trend_label": "Growing",
        "buyer_yoy_latest_pct": 8.5403,
        "buyer_yoy_all_avg_pct": 13.7578,
        "buyer_trend_consistency_pct": 58.6207,
        "market_share_latest_pct": 25.896397594237268,
        "market_share_change_1y_pp": -7.975957399844557,
        "peer_best_share_pct": 25.896397594237268,
        "peer_top_exporter": "JPN",
        "supplier_count_latest": 71,
        "buyer_market_hhi": 1444.98,
        "distance_km": 5791.626953125,
        "has_reported_fta": 1,
        "applied_tariff_pct": 0.17440987586727275,
        "tariff_advantage_pp": 0.1747649220871192,
        "volatility_cv": 0.8171030725211922,
        "max_drawdown_pct": 58.34658544257528,
        "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": "JPN",
      "hs_code": 848120,
      "num_markets": 173,
      "highest_price_importer_iso3": "ECU",
      "highest_price_usd_per_ton": 30761000,
      "lowest_price_importer_iso3": "AGO",
      "lowest_price_usd_per_ton": 161.76470588235293,
      "median_price_across_markets": 74018.18181818181,
      "price_spread_pct": 41558.48938691174,
      "avg_quantity_metric_tons": 282.0435903448276,
      "total_trade_value_usd": 6905574170
    },
    "history": [
      {
        "year": 2010,
        "export_value_usd": 1245187985.5397177,
        "active_destinations": 151,
        "yoy_growth_pct": 96.81115681024224
      },
      {
        "year": 2011,
        "export_value_usd": 1651336447.9300745,
        "active_destinations": 154,
        "yoy_growth_pct": 32.61744147124217
      },
      {
        "year": 2012,
        "export_value_usd": 1262338579.0041082,
        "active_destinations": 153,
        "yoy_growth_pct": -23.55654835897126
      },
      {
        "year": 2013,
        "export_value_usd": 1062135650.5046287,
        "active_destinations": 154,
        "yoy_growth_pct": -15.859685493999942
      },
      {
        "year": 2014,
        "export_value_usd": 1079144754.167648,
        "active_destinations": 161,
        "yoy_growth_pct": 1.601405964947911
      },
      {
        "year": 2015,
        "export_value_usd": 931761324.2900268,
        "active_destinations": 155,
        "yoy_growth_pct": -13.657429117681176
      },
      {
        "year": 2016,
        "export_value_usd": 1064935425.1732916,
        "active_destinations": 158,
        "yoy_growth_pct": 14.2927268401851
      },
      {
        "year": 2017,
        "export_value_usd": 1320225167.1789606,
        "active_destinations": 159,
        "yoy_growth_pct": 23.97232132306304
      },
      {
        "year": 2018,
        "export_value_usd": 1525651837.9176888,
        "active_destinations": 156,
        "yoy_growth_pct": 15.559972332422753
      },
      {
        "year": 2019,
        "export_value_usd": 1341769871.4915247,
        "active_destinations": 154,
        "yoy_growth_pct": -12.052682129439079
      },
      {
        "year": 2020,
        "export_value_usd": 1354494284.7515547,
        "active_destinations": 149,
        "yoy_growth_pct": 0.9483305245097989
      },
      {
        "year": 2021,
        "export_value_usd": 1661773290.4866667,
        "active_destinations": 159,
        "yoy_growth_pct": 22.685884259118446
      },
      {
        "year": 2022,
        "export_value_usd": 1501097806.9914117,
        "active_destinations": 155,
        "yoy_growth_pct": -9.668917199180617
      },
      {
        "year": 2023,
        "export_value_usd": 1346501919.8001394,
        "active_destinations": 160,
        "yoy_growth_pct": -10.298855042705206
      },
      {
        "year": 2024,
        "export_value_usd": 1038027781.2529639,
        "active_destinations": 153,
        "yoy_growth_pct": -22.90929808647894
      }
    ],
    "economy": {
      "year": 2024,
      "country_iso3": "JPN",
      "exports_usd": 740389741752.2847,
      "imports_usd": 691789705389.4546,
      "trade_balance_usd": 48600036362.83008,
      "yoy_exports_growth_pct": -1.0722413952978127,
      "yoy_imports_growth_pct": -4.978019335077743,
      "exports_cagr_3y_pct": -1.7236616069066013,
      "imports_cagr_3y_pct": -1.7946276917458315,
      "export_partner_hhi": 897.0853649088637,
      "export_product_hhi": 96.5751068492112,
      "momentum_score": -1.2676674587804493,
      "risk_score": 4.968302358790375,
      "gdp_million_usd": 4027597.5235505826,
      "gdp_per_capita_usd": 32487.07780475674,
      "population": 123975371,
      "labor_force": 67182.93,
      "investment_rate_pct": 24.79,
      "savings_rate_pct": 24.61,
      "secondary_education_pct": 95.24,
      "tertiary_education_pct": 46.64,
      "total_factor_productivity": 2283.36,
      "trade_openness_pct": 19.979395999512008,
      "exports_gdp_pct": 10.328691613308246,
      "num_active_partners": 270,
      "num_fta_partners": 48,
      "num_wto_partners": 169,
      "num_eu_partners": 28,
      "num_shared_border_partners": 0,
      "num_shared_language_partners": 0,
      "avg_partner_distance_km": 9989.440329218107,
      "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": 17.77777777777778,
      "pct_partners_shared_language": 0,
      "pct_partners_shared_border": 0,
      "avg_applied_tariff_pct": 0.13759291822904723,
      "avg_mfn_tariff_pct": 0.13804069222958484,
      "avg_preferential_tariff_pct": 0.019201928440430494,
      "tariff_advantage_pp": 0.11883876378915435,
      "avg_distance_all_partners_km": 10078.773537545436,
      "num_border_partners": 0,
      "num_colonial_partners": 135,
      "avg_substitution_elasticity": -10.859108559552851,
      "pct_products_high_elasticity": 75.89348283111423,
      "pct_products_low_elasticity": 2.6862882504087833,
      "real_market_potential": 1053545.3175285766,
      "foreign_market_potential": 20680.15785812393
    },
    "countryMap": {}
  },
  "product": {
    "hs_code": "848120",
    "hs_description": "Valves: for oleohydraulic or pneumatic transmissions",
    "hs_chapter": 84,
    "hs_heading": 8481
  },
  "destinations": [
    {
      "hs_code": 848120,
      "corridor_rank": 3,
      "exporter_iso3": "JPN",
      "importer_iso3": "CHN",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 350169954.3034588,
      "exports_all_year_avg_usd": 290048641.85910666,
      "exports_avg_3y_usd": 458542678.8962951,
      "exports_avg_5y_usd": 543364530.1093866,
      "exports_avg_10y_usd": 487815365.35431707,
      "exports_cagr_3y_pct": -20.526571490254895,
      "exports_cagr_5y_pct": -8.357847035757837,
      "exports_cagr_10y_pct": -0.07190393487270796,
      "exports_historical_peak_usd": 799546623.4598666,
      "buyer_imports_latest_observed_usd": 1544797873.2652535,
      "historical_peak_year": 2011,
      "positive_growth_year_share_pct": 72.41379310344827,
      "trend_acceleration_pct": -20.454667555382187,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -5.3374,
      "buyer_yoy_all_avg_pct": 20.4332,
      "buyer_trend_consistency_pct": 68.9655,
      "market_share_latest_pct": 22.66768749255858,
      "market_share_change_1y_pp": -5.501226717780458,
      "peer_best_share_pct": 24.139942762279805,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 75,
      "buyer_market_hhi": 1351.69,
      "distance_km": 2098.11083984375,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.3018987556787879,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.8338456596673306,
      "max_drawdown_pct": 68.29386877211411,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 9,
      "exporter_iso3": "JPN",
      "importer_iso3": "USA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 197394529.3992008,
      "exports_all_year_avg_usd": 177926751.51977006,
      "exports_avg_3y_usd": 252450033.22275782,
      "exports_avg_5y_usd": 248074157.27381286,
      "exports_avg_10y_usd": 264402440.03723708,
      "exports_cagr_3y_pct": -10.947433340672863,
      "exports_cagr_5y_pct": -6.144575394390317,
      "exports_cagr_10y_pct": -2.520699393776704,
      "exports_historical_peak_usd": 306004208.11745757,
      "buyer_imports_latest_observed_usd": 1823561336.3898818,
      "historical_peak_year": 2018,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": -8.426733946896158,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -4.1862,
      "buyer_yoy_all_avg_pct": 9.1617,
      "buyer_trend_consistency_pct": 75.8621,
      "market_share_latest_pct": 10.82467178153625,
      "market_share_change_1y_pp": -3.7317503788816957,
      "peer_best_share_pct": 35.142468865276726,
      "peer_top_exporter": "MEX",
      "supplier_count_latest": 98,
      "buyer_market_hhi": 1752.11,
      "distance_km": 10855.5869140625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.04673181352585858,
      "tariff_advantage_pp": 0.02445433962268399,
      "volatility_cv": 0.4757960500495994,
      "max_drawdown_pct": 39.252593978996956,
      "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": 848120,
      "corridor_rank": 41,
      "exporter_iso3": "JPN",
      "importer_iso3": "KOR",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 68703217.33734913,
      "exports_all_year_avg_usd": 80072442.93246518,
      "exports_avg_3y_usd": 87820237.71507823,
      "exports_avg_5y_usd": 99425099.46195121,
      "exports_avg_10y_usd": 103689087.7795958,
      "exports_cagr_3y_pct": -18.117744880280227,
      "exports_cagr_5y_pct": -7.667756809530446,
      "exports_cagr_10y_pct": -0.44539780391583683,
      "exports_historical_peak_usd": 132770758.58883697,
      "buyer_imports_latest_observed_usd": 340613337.754109,
      "historical_peak_year": 2017,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -17.67234707636439,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -7.2884,
      "buyer_yoy_all_avg_pct": 6.0443,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 20.170442470149666,
      "market_share_change_1y_pp": -3.5660252899368636,
      "peer_best_share_pct": 21.832855696743124,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 63,
      "buyer_market_hhi": 1393.75,
      "distance_km": 1156.6695556640625,
      "has_reported_fta": 0,
      "applied_tariff_pct": 0.14600262464040406,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.3567203079508215,
      "max_drawdown_pct": 75.28552388937865,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 55,
      "exporter_iso3": "JPN",
      "importer_iso3": "IND",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 49758354.85962123,
      "exports_all_year_avg_usd": 20323882.99589936,
      "exports_avg_3y_usd": 46011101.90690582,
      "exports_avg_5y_usd": 42926221.505576596,
      "exports_avg_10y_usd": 36385253.68189925,
      "exports_cagr_3y_pct": -0.23298782010537922,
      "exports_cagr_5y_pct": 6.554148360717926,
      "exports_cagr_10y_pct": 11.16127344543525,
      "exports_historical_peak_usd": 50107774.52307326,
      "buyer_imports_latest_observed_usd": 268329127.5419695,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 65.51724137931035,
      "trend_acceleration_pct": -11.394261265540628,
      "trend_label": "Stable",
      "buyer_yoy_latest_pct": 6.1411,
      "buyer_yoy_all_avg_pct": 13.4547,
      "buyer_trend_consistency_pct": 65.5172,
      "market_share_latest_pct": 18.543776933735426,
      "market_share_change_1y_pp": 0.7622863431902651,
      "peer_best_share_pct": 26.087057701634382,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 66,
      "buyer_market_hhi": 1383.89,
      "distance_km": 5847.71044921875,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.5258509413535353,
      "tariff_advantage_pp": 0.48472659836101,
      "volatility_cv": 0.7545166746401598,
      "max_drawdown_pct": 49.2667519148214,
      "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"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 82,
      "exporter_iso3": "JPN",
      "importer_iso3": "TWN",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 32596497.29580069,
      "exports_all_year_avg_usd": 26628800.095200095,
      "exports_avg_3y_usd": 36996143.83957836,
      "exports_avg_5y_usd": 41119760.622474656,
      "exports_avg_10y_usd": 39277646.11087851,
      "exports_cagr_3y_pct": -13.822099259133246,
      "exports_cagr_5y_pct": -3.5704418725443943,
      "exports_cagr_10y_pct": -0.30092749790487927,
      "exports_historical_peak_usd": 50931117.217753425,
      "buyer_imports_latest_observed_usd": 97671708.61892845,
      "historical_peak_year": 2021,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": -13.521171761228366,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": 2.381,
      "buyer_yoy_all_avg_pct": 7.3323,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 33.37353032593882,
      "market_share_change_1y_pp": 0.018792268905819753,
      "peer_best_share_pct": 33.37353032593882,
      "peer_top_exporter": "JPN",
      "supplier_count_latest": 57,
      "buyer_market_hhi": 1834.04,
      "distance_km": 2103.04736328125,
      "has_reported_fta": 0,
      "applied_tariff_pct": null,
      "tariff_advantage_pp": null,
      "volatility_cv": 0.4183231580406147,
      "max_drawdown_pct": 44.78516177249407,
      "attention_level": "Stable",
      "primary_risk_reason": "No material risk condition is currently identified",
      "risk_driver_labels": "[]",
      "signal_flag": "Stable",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 83,
      "exporter_iso3": "JPN",
      "importer_iso3": "THA",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 32446663.045162223,
      "exports_all_year_avg_usd": 27679489.407702222,
      "exports_avg_3y_usd": 37856059.10251459,
      "exports_avg_5y_usd": 37741361.59829329,
      "exports_avg_10y_usd": 36762791.80286249,
      "exports_cagr_3y_pct": -10.38080579977353,
      "exports_cagr_5y_pct": -3.5183706853699204,
      "exports_cagr_10y_pct": -1.04750009773521,
      "exports_historical_peak_usd": 62115853.20625607,
      "buyer_imports_latest_observed_usd": 83660294.65513295,
      "historical_peak_year": 2012,
      "positive_growth_year_share_pct": 62.06896551724138,
      "trend_acceleration_pct": -9.33330570203832,
      "trend_label": "Rapid decline",
      "buyer_yoy_latest_pct": -17.5084,
      "buyer_yoy_all_avg_pct": 8.6903,
      "buyer_trend_consistency_pct": 62.069,
      "market_share_latest_pct": 38.7838259223385,
      "market_share_change_1y_pp": 3.4255168454349274,
      "peer_best_share_pct": 38.7838259223385,
      "peer_top_exporter": "JPN",
      "supplier_count_latest": 67,
      "buyer_market_hhi": 1945.4,
      "distance_km": 4612.99658203125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.29424774500464645,
      "tariff_advantage_pp": 0.2901245154679192,
      "volatility_cv": 0.5812979015939753,
      "max_drawdown_pct": 59.77068352660771,
      "attention_level": "Watch",
      "primary_risk_reason": "The buyer macroeconomic trend has weakened",
      "risk_driver_labels": "['buyer_macro_weakness']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 90,
      "exporter_iso3": "JPN",
      "importer_iso3": "BEL",
      "latest_data_year": 2024,
      "lane_data_years": 26,
      "exports_latest_observed_usd": 30328705.500894077,
      "exports_all_year_avg_usd": 34986043.512619056,
      "exports_avg_3y_usd": 37245436.36688064,
      "exports_avg_5y_usd": 38792627.464845136,
      "exports_avg_10y_usd": 39463049.620158255,
      "exports_cagr_3y_pct": -9.995774171657402,
      "exports_cagr_5y_pct": -6.153409909506524,
      "exports_cagr_10y_pct": -5.5882082211950905,
      "exports_historical_peak_usd": 71742938.17791075,
      "buyer_imports_latest_observed_usd": 221076440.85065764,
      "historical_peak_year": 2008,
      "positive_growth_year_share_pct": 60,
      "trend_acceleration_pct": -4.4075659504623115,
      "trend_label": "Declining",
      "buyer_yoy_latest_pct": -18.0839,
      "buyer_yoy_all_avg_pct": 5.9484,
      "buyer_trend_consistency_pct": 60,
      "market_share_latest_pct": 13.718651062137294,
      "market_share_change_1y_pp": -3.329685710702183,
      "peer_best_share_pct": 41.04330894627524,
      "peer_top_exporter": "DEU",
      "supplier_count_latest": 87,
      "buyer_market_hhi": 2114.17,
      "distance_km": 9463.2626953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.058542705568686876,
      "tariff_advantage_pp": 0.05620174566202021,
      "volatility_cv": 0.5213323819824561,
      "max_drawdown_pct": 57.725866445999394,
      "attention_level": "Watch",
      "primary_risk_reason": "Current trade remains more than 50% below its historical peak",
      "risk_driver_labels": "['unrecovered_drawdown']",
      "signal_flag": "Growing",
      "confidence_label": "High",
      "refreshed_at": "2026-07-20 09:30:25"
    },
    {
      "hs_code": 848120,
      "corridor_rank": 93,
      "exporter_iso3": "JPN",
      "importer_iso3": "IDN",
      "latest_data_year": 2024,
      "lane_data_years": 30,
      "exports_latest_observed_usd": 28807132.126238752,
      "exports_all_year_avg_usd": 13242017.310714057,
      "exports_avg_3y_usd": 34753250.39343041,
      "exports_avg_5y_usd": 28986155.612905215,
      "exports_avg_10y_usd": 23866856.795601808,
      "exports_cagr_3y_pct": 4.39022020811215,
      "exports_cagr_5y_pct": 5.020513797081616,
      "exports_cagr_10y_pct": 6.609284148284056,
      "exports_historical_peak_usd": 40737776.61459826,
      "buyer_imports_latest_observed_usd": 111239920.61602116,
      "historical_peak_year": 2022,
      "positive_growth_year_share_pct": 55.172413793103445,
      "trend_acceleration_pct": -2.219063940171906,
      "trend_label": "Growing",
      "buyer_yoy_latest_pct": 8.5403,
      "buyer_yoy_all_avg_pct": 13.7578,
      "buyer_trend_consistency_pct": 58.6207,
      "market_share_latest_pct": 25.896397594237268,
      "market_share_change_1y_pp": -7.975957399844557,
      "peer_best_share_pct": 25.896397594237268,
      "peer_top_exporter": "JPN",
      "supplier_count_latest": 71,
      "buyer_market_hhi": 1444.98,
      "distance_km": 5791.626953125,
      "has_reported_fta": 1,
      "applied_tariff_pct": 0.17440987586727275,
      "tariff_advantage_pp": 0.1747649220871192,
      "volatility_cv": 0.8171030725211922,
      "max_drawdown_pct": 58.34658544257528,
      "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": "JPN",
    "hs_code": 848120,
    "num_markets": 173,
    "highest_price_importer_iso3": "ECU",
    "highest_price_usd_per_ton": 30761000,
    "lowest_price_importer_iso3": "AGO",
    "lowest_price_usd_per_ton": 161.76470588235293,
    "median_price_across_markets": 74018.18181818181,
    "price_spread_pct": 41558.48938691174,
    "avg_quantity_metric_tons": 282.0435903448276,
    "total_trade_value_usd": 6905574170
  },
  "history": [
    {
      "year": 2010,
      "export_value_usd": 1245187985.5397177,
      "active_destinations": 151,
      "yoy_growth_pct": 96.81115681024224
    },
    {
      "year": 2011,
      "export_value_usd": 1651336447.9300745,
      "active_destinations": 154,
      "yoy_growth_pct": 32.61744147124217
    },
    {
      "year": 2012,
      "export_value_usd": 1262338579.0041082,
      "active_destinations": 153,
      "yoy_growth_pct": -23.55654835897126
    },
    {
      "year": 2013,
      "export_value_usd": 1062135650.5046287,
      "active_destinations": 154,
      "yoy_growth_pct": -15.859685493999942
    },
    {
      "year": 2014,
      "export_value_usd": 1079144754.167648,
      "active_destinations": 161,
      "yoy_growth_pct": 1.601405964947911
    },
    {
      "year": 2015,
      "export_value_usd": 931761324.2900268,
      "active_destinations": 155,
      "yoy_growth_pct": -13.657429117681176
    },
    {
      "year": 2016,
      "export_value_usd": 1064935425.1732916,
      "active_destinations": 158,
      "yoy_growth_pct": 14.2927268401851
    },
    {
      "year": 2017,
      "export_value_usd": 1320225167.1789606,
      "active_destinations": 159,
      "yoy_growth_pct": 23.97232132306304
    },
    {
      "year": 2018,
      "export_value_usd": 1525651837.9176888,
      "active_destinations": 156,
      "yoy_growth_pct": 15.559972332422753
    },
    {
      "year": 2019,
      "export_value_usd": 1341769871.4915247,
      "active_destinations": 154,
      "yoy_growth_pct": -12.052682129439079
    },
    {
      "year": 2020,
      "export_value_usd": 1354494284.7515547,
      "active_destinations": 149,
      "yoy_growth_pct": 0.9483305245097989
    },
    {
      "year": 2021,
      "export_value_usd": 1661773290.4866667,
      "active_destinations": 159,
      "yoy_growth_pct": 22.685884259118446
    },
    {
      "year": 2022,
      "export_value_usd": 1501097806.9914117,
      "active_destinations": 155,
      "yoy_growth_pct": -9.668917199180617
    },
    {
      "year": 2023,
      "export_value_usd": 1346501919.8001394,
      "active_destinations": 160,
      "yoy_growth_pct": -10.298855042705206
    },
    {
      "year": 2024,
      "export_value_usd": 1038027781.2529639,
      "active_destinations": 153,
      "yoy_growth_pct": -22.90929808647894
    }
  ],
  "economy": {
    "year": 2024,
    "country_iso3": "JPN",
    "exports_usd": 740389741752.2847,
    "imports_usd": 691789705389.4546,
    "trade_balance_usd": 48600036362.83008,
    "yoy_exports_growth_pct": -1.0722413952978127,
    "yoy_imports_growth_pct": -4.978019335077743,
    "exports_cagr_3y_pct": -1.7236616069066013,
    "imports_cagr_3y_pct": -1.7946276917458315,
    "export_partner_hhi": 897.0853649088637,
    "export_product_hhi": 96.5751068492112,
    "momentum_score": -1.2676674587804493,
    "risk_score": 4.968302358790375,
    "gdp_million_usd": 4027597.5235505826,
    "gdp_per_capita_usd": 32487.07780475674,
    "population": 123975371,
    "labor_force": 67182.93,
    "investment_rate_pct": 24.79,
    "savings_rate_pct": 24.61,
    "secondary_education_pct": 95.24,
    "tertiary_education_pct": 46.64,
    "total_factor_productivity": 2283.36,
    "trade_openness_pct": 19.979395999512008,
    "exports_gdp_pct": 10.328691613308246,
    "num_active_partners": 270,
    "num_fta_partners": 48,
    "num_wto_partners": 169,
    "num_eu_partners": 28,
    "num_shared_border_partners": 0,
    "num_shared_language_partners": 0,
    "avg_partner_distance_km": 9989.440329218107,
    "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": 17.77777777777778,
    "pct_partners_shared_language": 0,
    "pct_partners_shared_border": 0,
    "avg_applied_tariff_pct": 0.13759291822904723,
    "avg_mfn_tariff_pct": 0.13804069222958484,
    "avg_preferential_tariff_pct": 0.019201928440430494,
    "tariff_advantage_pp": 0.11883876378915435,
    "avg_distance_all_partners_km": 10078.773537545436,
    "num_border_partners": 0,
    "num_colonial_partners": 135,
    "avg_substitution_elasticity": -10.859108559552851,
    "pct_products_high_elasticity": 75.89348283111423,
    "pct_products_low_elasticity": 2.6862882504087833,
    "real_market_potential": 1053545.3175285766,
    "foreign_market_potential": 20680.15785812393
  }
}