{
  "template": "corridor-anomaly-watch",
  "templateName": "Trade anomaly page",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks",
    "logo": "https://www.yugalinks.com/trade/yugalinks-logo-v3-dark-mode.webp"
  },
  "seo": {
    "title": "India to Belgium trade anomaly | HS 293420 | Yugalinks",
    "description": "Reported trade anomaly for India to Belgium in heterocyclic compounds (HS 293420), with anomaly severity, market value, history, and context.",
    "canonical": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420",
    "robots": "index, follow"
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "Trade data",
      "url": "https://www.yugalinks.com/trade/"
    },
    {
      "name": "Trade anomalies",
      "url": "https://www.yugalinks.com/trade/signal/anomaly/"
    },
    {
      "name": "IND-BEL HS 293420",
      "url": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420"
    }
  ],
  "sections": [
    "overview",
    "history",
    "context",
    "related-movements",
    "faq",
    "data-source"
  ],
  "anomaly": {
    "year": 2024,
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "293420",
    "market_imports_usd": 11424854.476227332,
    "momentum_yoy_pct": 284653.61758983677,
    "anomaly_z_score": 4.023856094682643,
    "anomaly_type": "spike",
    "anomaly_severity": "100",
    "new_corridor_signal_type": "",
    "new_corridor_signal_strength": 0
  },
  "opportunity": {
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "293420",
    "hs_description": "Heterocyclic compounds: containing in the structure, a benzothiazole ring-system (whether or not hydrogenated), not further fused",
    "hs_chapter": "29",
    "hs_heading": "2934",
    "price_range_label": "Unclassified",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": null,
    "buyer_imports_latest_usd": 11424854.476227332,
    "buyer_imports_avg_usd": 69555523.45340241,
    "buyer_imports_peak_usd": 421565103.577244,
    "buyer_cagr_full_pct": -2.8418,
    "buyer_yoy_avg_pct": 37.2139,
    "buyer_yoy_latest_pct": 46.1054,
    "buyer_trend_consistency_pct": 68,
    "buyer_imports_proj_3y_usd": 10478246.27,
    "buyer_imports_proj_5y_usd": 9891159.78,
    "buyer_gdp_mn_latest": 599879.025378,
    "buyer_gdp_pc_latest": 51768,
    "buyer_population_latest": 11587.882,
    "buyer_investment_rate": 23.69,
    "buyer_savings_rate": 24.85,
    "buyer_edu_secondary": 92.2,
    "buyer_gdp_mn_2030_proj": 621018.19,
    "buyer_gdp_pc_2030_proj": 52803.09,
    "buyer_gdp_pc_growth_pct": 2,
    "buyer_gdp_mn_growth_pct": 3.52,
    "buyer_pop_growth_pct": 1.49,
    "exports_latest_usd": 1474701.3228102142,
    "exports_avg_usd": 567435.5914003224,
    "exports_peak_usd": 3262778.4304923206,
    "share_latest_pct": 12.907834632631431,
    "share_avg_pct": 4.032992241102788,
    "share_peak_pct": 16.674333455663586,
    "share_change_1y_pp": 12.901211701012834,
    "share_trend_pp_per_yr": 0.716957,
    "cagr_full_pct": 36.5489,
    "yoy_avg_pct": 19824.5261,
    "yoy_latest_pct": 284653.6176,
    "trend_consistency_pct": 61.1111,
    "exports_proj_3y_usd": 2880276.02,
    "exports_proj_5y_usd": 4500431.28,
    "your_share_gap_pp": 37.5971,
    "addressable_proj_3y_usd": 3939514.45,
    "addressable_proj_5y_usd": 3718787.08,
    "peer_best_share_pct": 50.504912850885134,
    "peer_top_exporter": "USA",
    "num_suppliers_latest": 20,
    "buyer_herfindahl_index": 3229.2,
    "distance_km": 6419.5986328125,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 1,
    "buyer_biz_entry_days": 5,
    "shared_legal_system": 0,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 1.4317218262603137,
    "lane_max_drawdown_pct": 99.98412743051297,
    "signal_flag": "Accelerating",
    "lane_data_years": 19,
    "lane_last_year": 2024
  },
  "lane": {
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "293420",
    "hs_description": "Heterocyclic compounds: containing in the structure, a benzothiazole ring-system (whether or not hydrogenated), not further fused",
    "hs_chapter": "29",
    "hs_heading": "2934",
    "price_range_label": "Unclassified",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": null,
    "buyer_imports_latest_usd": 11424854.476227332,
    "buyer_imports_avg_usd": 69555523.45340241,
    "buyer_imports_peak_usd": 421565103.577244,
    "buyer_cagr_full_pct": -2.8418,
    "buyer_yoy_avg_pct": 37.2139,
    "buyer_yoy_latest_pct": 46.1054,
    "buyer_trend_consistency_pct": 68,
    "buyer_imports_proj_3y_usd": 10478246.27,
    "buyer_imports_proj_5y_usd": 9891159.78,
    "buyer_gdp_mn_latest": 599879.025378,
    "buyer_gdp_pc_latest": 51768,
    "buyer_population_latest": 11587.882,
    "buyer_investment_rate": 23.69,
    "buyer_savings_rate": 24.85,
    "buyer_edu_secondary": 92.2,
    "buyer_gdp_mn_2030_proj": 621018.19,
    "buyer_gdp_pc_2030_proj": 52803.09,
    "buyer_gdp_pc_growth_pct": 2,
    "buyer_gdp_mn_growth_pct": 3.52,
    "buyer_pop_growth_pct": 1.49,
    "exports_latest_usd": 1474701.3228102142,
    "exports_avg_usd": 567435.5914003224,
    "exports_peak_usd": 3262778.4304923206,
    "share_latest_pct": 12.907834632631431,
    "share_avg_pct": 4.032992241102788,
    "share_peak_pct": 16.674333455663586,
    "share_change_1y_pp": 12.901211701012834,
    "share_trend_pp_per_yr": 0.716957,
    "cagr_full_pct": 36.5489,
    "yoy_avg_pct": 19824.5261,
    "yoy_latest_pct": 284653.6176,
    "trend_consistency_pct": 61.1111,
    "exports_proj_3y_usd": 2880276.02,
    "exports_proj_5y_usd": 4500431.28,
    "your_share_gap_pp": 37.5971,
    "addressable_proj_3y_usd": 3939514.45,
    "addressable_proj_5y_usd": 3718787.08,
    "peer_best_share_pct": 50.504912850885134,
    "peer_top_exporter": "USA",
    "num_suppliers_latest": 20,
    "buyer_herfindahl_index": 3229.2,
    "distance_km": 6419.5986328125,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 1,
    "buyer_biz_entry_days": 5,
    "shared_legal_system": 0,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 1.4317218262603137,
    "lane_max_drawdown_pct": 99.98412743051297,
    "signal_flag": "Accelerating",
    "lane_data_years": 19,
    "lane_last_year": 2024,
    "access_data_year": 2024,
    "avg_applied_tariff_pct": 1.9243141578797984,
    "avg_mfn_tariff_pct": 5.920413126868687,
    "avg_preferential_tariff_pct": 1.6369810062462136,
    "tariff_advantage_pp": 4.283432120622474,
    "rta_coverage_ratio": null,
    "buyer_macro_latest_year": 2024,
    "buyer_gdp_5y_cagr_pct": 4.5783569491818055,
    "buyer_gdp_pc_5y_cagr_pct": 3.918136849252618,
    "buyer_population_5y_cagr_pct": 0.6353271141561478,
    "buyer_investment_5y_avg_pct": 23.874000000000002,
    "buyer_savings_5y_avg_pct": 24.938,
    "current_below_peak_usd": 1788077.1076821063,
    "current_below_peak_pct": 54.802284181224756,
    "latest_vs_historical_avg_pct": 159.8887600918606,
    "share_change_all_pp": 13.622183,
    "volatility_label": "Highly volatile",
    "drawdown_label": "Still more than 50% below historical peak",
    "competition_label": "Concentrated buyer market",
    "demand_label": "Buyer demand stable or growing",
    "access_label": "Standard market access",
    "macro_resilience_label": "Buyer macro trend resilient",
    "risk_driver_labels": [
      "high_volatility",
      "unrecovered_drawdown",
      "concentrated_buyer_market",
      "dominant_supplier"
    ],
    "risk_driver_count": 4,
    "attention_level": "High attention",
    "primary_risk_reason": "Current trade remains more than 50% below its historical peak"
  },
  "routeHistory": [
    {
      "year": 1999,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 611.6398356371932,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 4740.749249347354,
      "yoy_growth_pct": 675.0883727853571,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 9966.618078775376,
      "yoy_growth_pct": 110.23297277634869,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 22451.084823429504,
      "yoy_growth_pct": 125.26281880150188,
      "cagr_3y_pct": 232.33839840081
    },
    {
      "year": 2003,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 500569.4040271591,
      "yoy_growth_pct": 2129.600074847051,
      "cagr_3y_pct": 372.64939393369383
    },
    {
      "year": 2004,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 635335.1376212602,
      "yoy_growth_pct": 26.922487173584674,
      "cagr_3y_pct": 299.4707817873244
    },
    {
      "year": 2005,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 10242.305259969644,
      "yoy_growth_pct": -98.38788937468223,
      "cagr_3y_pct": -23.018424538418092
    },
    {
      "year": 2006,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 377239.10144031356,
      "yoy_growth_pct": 3583.146438865577,
      "cagr_3y_pct": -8.998028687235927
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 31126.537898877235,
      "yoy_growth_pct": -91.74885695039701,
      "cagr_3y_pct": -63.40885655205807
    },
    {
      "year": 2010,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 607.5509351915844,
      "yoy_growth_pct": -98.04812556679006,
      "cagr_3y_pct": -61.000264693257755
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 16778.271552613718,
      "yoy_growth_pct": 2661.6238541913986,
      "cagr_3y_pct": -64.56953606562708
    },
    {
      "year": 2013,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 1651.2434734106284,
      "yoy_growth_pct": -90.15844112289744,
      "cagr_3y_pct": -62.4254808140203
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 1044677.5654764271,
      "yoy_growth_pct": 63166.113223064254,
      "cagr_3y_pct": 1098.0267765128215
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 3262778.4304923206,
      "yoy_growth_pct": 212.32396849685622,
      "cagr_3y_pct": 479.35770597986107
    },
    {
      "year": 2020,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 843755.218135761,
      "yoy_growth_pct": -74.13997805519246,
      "cagr_3y_pct": 699.469290045211
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 1292367.1170627654,
      "yoy_growth_pct": 53.168488832364446,
      "cagr_3y_pct": 7.349792753855056
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 1251159.0516590627,
      "yoy_growth_pct": -3.1885727251679485,
      "cagr_3y_pct": -27.348991629232277
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 517.8867735876829,
      "yoy_growth_pct": -99.95860743900617,
      "cagr_3y_pct": -91.50155536780063
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "293420",
      "export_value_usd": 1474701.3228102142,
      "yoy_growth_pct": 284653.61758983677,
      "cagr_3y_pct": 4.49753761522298
    }
  ],
  "corridorHistory": [
    {
      "year": 1999,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 1386184924.8279154,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2000,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 1512175660.0963666,
      "yoy_growth_pct": 9.089027950876893,
      "cagr_3y_pct": null,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2001,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 1453616616.884813,
      "yoy_growth_pct": -3.8725026964011477,
      "cagr_3y_pct": null,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2002,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 1630652144.4576406,
      "yoy_growth_pct": 12.178969717078857,
      "cagr_3y_pct": 5.563403704188374,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2003,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 1874365803.056445,
      "yoy_growth_pct": 14.945778560262092,
      "cagr_3y_pct": 7.419725006857147,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2004,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 2501123409.358785,
      "yoy_growth_pct": 33.438382480106846,
      "cagr_3y_pct": 19.828948216431975,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2005,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 2867418725.3451676,
      "yoy_growth_pct": 14.645231603357377,
      "cagr_3y_pct": 20.700739348514084,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2006,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 3475556438.028866,
      "yoy_growth_pct": 21.208542279101316,
      "cagr_3y_pct": 22.854197015698684,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2007,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4177011218.8318872,
      "yoy_growth_pct": 20.182517341046147,
      "cagr_3y_pct": 18.64337896124557,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 5067446141.622737,
      "yoy_growth_pct": 21.317513316132832,
      "cagr_3y_pct": 20.901774420387653,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 3599688255.559058,
      "yoy_growth_pct": -28.964449646694458,
      "cagr_3y_pct": 1.17662351643133,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2010,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4262149484.917886,
      "yoy_growth_pct": 18.403294461285014,
      "cagr_3y_pct": 0.6748548043583158,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2011,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 6505115869.952082,
      "yoy_growth_pct": 52.62523975217657,
      "cagr_3y_pct": 8.68141855305733,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 5026680643.493565,
      "yoy_growth_pct": -22.727269675357952,
      "cagr_3y_pct": 11.773487322402776,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2013,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 5373181496.489849,
      "yoy_growth_pct": 6.893233876808713,
      "cagr_3y_pct": 8.027488063811461,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2014,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4973501520.51699,
      "yoy_growth_pct": -7.438423143419948,
      "cagr_3y_pct": -8.560100626976153,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4190809330.79526,
      "yoy_growth_pct": -15.737246414682303,
      "cagr_3y_pct": -5.88210559983774,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2016,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4318397140.534442,
      "yoy_growth_pct": 3.044467062761136,
      "cagr_3y_pct": -7.02553463199661,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4824168377.472978,
      "yoy_growth_pct": 11.71201305667644,
      "cagr_3y_pct": -1.011046227355128,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 5253460119.624873,
      "yoy_growth_pct": 8.898771944953744,
      "cagr_3y_pct": 7.824101005266337,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 4625350335.62055,
      "yoy_growth_pct": -11.956115963609404,
      "cagr_3y_pct": 2.3153241294880944,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2020,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 3575344013.7747226,
      "yoy_growth_pct": -22.701119821336857,
      "cagr_3y_pct": -9.503497997011179,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 6775761403.402532,
      "yoy_growth_pct": 89.51355106802494,
      "cagr_3y_pct": 8.852286226793149,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 7396672170.173545,
      "yoy_growth_pct": 9.163704708657772,
      "cagr_3y_pct": 16.940221629271758,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 6073383909.906634,
      "yoy_growth_pct": -17.89031918438887,
      "cagr_3y_pct": 19.317542457073912,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "export_value_usd": 5056289680.886462,
      "yoy_growth_pct": -16.746746856577488,
      "cagr_3y_pct": -9.296381252792374,
      "distance_km": 6422,
      "capital_distance_km": 6422,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": 0,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 1,
      "exporter_is_eu": 0,
      "importer_is_eu": 1,
      "importer_gdp_million_usd": 599879.0253780001,
      "importer_gdp_per_capita_usd": 51767.78857240694,
      "importer_population": 11587.882,
      "importer_biz_entry_days": 5,
      "importer_biz_entry_cost_pct": 5.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.01700455832185727,
      "scientific_collaboration": 0.014030664250461037,
      "avg_applied_tariff_pct": 1.9243141578797984,
      "avg_mfn_tariff_pct": 5.920413126868687,
      "avg_preferential_tariff_pct": 1.6369810062462136,
      "tariff_advantage_pp": 4.283432120622474
    }
  ],
  "relatedAnomalies": [
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "HKG",
      "hs_code": "710812",
      "market_imports_usd": 41743878490.2161,
      "momentum_yoy_pct": 881312.983340332,
      "anomaly_z_score": 3.9915664466015692,
      "anomaly_type": "spike",
      "anomaly_severity": "99.78916116503923",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "China, Hong Kong SAR"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "CHN",
      "hs_code": "848620",
      "market_imports_usd": 34193009725.873837,
      "momentum_yoy_pct": 32779.194222158236,
      "anomaly_z_score": 3.1207423798020977,
      "anomaly_type": "spike",
      "anomaly_severity": "78.01855949505244",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "CHN"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "USA",
      "hs_code": "847330",
      "market_imports_usd": 32437253404.79868,
      "momentum_yoy_pct": -99.48236316295385,
      "anomaly_z_score": -2.384467431425413,
      "anomaly_type": "drop",
      "anomaly_severity": "59.61168578563532",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "USA, Puerto Rico and US Virgin Islands"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "USA",
      "hs_code": "710812",
      "market_imports_usd": 21528311466.103046,
      "momentum_yoy_pct": 471614.5912097896,
      "anomaly_z_score": 3.681367488809768,
      "anomaly_type": "spike",
      "anomaly_severity": "92.0341872202442",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "USA, Puerto Rico and US Virgin Islands"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "KOR",
      "hs_code": "854239",
      "market_imports_usd": 15909752628.038187,
      "momentum_yoy_pct": 963.6188028225067,
      "anomaly_z_score": 4.1058251398481795,
      "anomaly_type": "spike",
      "anomaly_severity": "100",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "KOR"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "THA",
      "hs_code": "710812",
      "market_imports_usd": 14067731674.616661,
      "momentum_yoy_pct": 85725.07907115985,
      "anomaly_z_score": 3.8673020105047353,
      "anomaly_type": "spike",
      "anomaly_severity": "96.68255026261838",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "Thailand"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "HKG",
      "hs_code": "847330",
      "market_imports_usd": 11747584627.6957,
      "momentum_yoy_pct": 314.3558382817881,
      "anomaly_z_score": 3.295197390936888,
      "anomaly_type": "spike",
      "anomaly_severity": "82.3799347734222",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "China, Hong Kong SAR"
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "TWN",
      "hs_code": "848620",
      "market_imports_usd": 10604578489.389444,
      "momentum_yoy_pct": 67816.17736874423,
      "anomaly_z_score": 2.998089349459092,
      "anomaly_type": "spike",
      "anomaly_severity": "74.9522337364773",
      "new_corridor_signal_type": "",
      "new_corridor_signal_strength": 0,
      "exporter_name": "India",
      "importer_name": "Taiwan"
    }
  ],
  "links": {
    "html": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420",
    "markdown": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420/index.md",
    "json": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-293420/index.ld.json",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology"
  },
  "methodology": {
    "summary": "Reported trade observations and calculated indicators are shown separately. An unusual movement is a research prompt, not a causal conclusion or commercial forecast.",
    "url": "https://www.yugalinks.com/methodology"
  },
  "generatedAt": "2026-09-03T09:34:38.333Z",
  "artifactContract": {
    "html": "Full visual page",
    "markdown": "Readable page content and evidence",
    "json": "Complete page data",
    "jsonLd": "Page metadata, FAQ, and provenance"
  }
}