{
  "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 721720 | Yugalinks",
    "description": "Reported trade anomaly for India to Belgium in iron or non-alloy steel (HS 721720), with anomaly severity, market value, history, and context.",
    "canonical": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-721720",
    "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 721720",
      "url": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-721720"
    }
  ],
  "sections": [
    "overview",
    "history",
    "context",
    "related-movements",
    "faq",
    "data-source"
  ],
  "anomaly": {
    "year": 2024,
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "721720",
    "market_imports_usd": 25213349.034608435,
    "momentum_yoy_pct": 2153.807100178285,
    "anomaly_z_score": 3.256785870579791,
    "anomaly_type": "spike",
    "anomaly_severity": "81.41964676449479",
    "new_corridor_signal_type": "",
    "new_corridor_signal_strength": 0
  },
  "opportunity": {
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "721720",
    "hs_description": "Iron or non-alloy steel: wire, plated or coated with zinc",
    "hs_chapter": "72",
    "hs_heading": "7217",
    "price_range_label": "Medium price range",
    "trade_type_label": "Two-way horizontal trade",
    "substitution_elasticity": -6.4120207,
    "buyer_imports_latest_usd": 25213349.034608435,
    "buyer_imports_avg_usd": 42571732.28587886,
    "buyer_imports_peak_usd": 88415849.9812428,
    "buyer_cagr_full_pct": 3.0051,
    "buyer_yoy_avg_pct": 6.3313,
    "buyer_yoy_latest_pct": 8.8876,
    "buyer_trend_consistency_pct": 56,
    "buyer_imports_proj_3y_usd": 27555438.96,
    "buyer_imports_proj_5y_usd": 29236487.78,
    "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": 39353.274584597784,
    "exports_avg_usd": 25275.612465708644,
    "exports_peak_usd": 188388.74076734742,
    "share_latest_pct": 0.15608110818828771,
    "share_avg_pct": 0.061946408928434525,
    "share_peak_pct": 0.33502878301339956,
    "share_change_1y_pp": 0.1485404034585095,
    "share_trend_pp_per_yr": 0.007484,
    "cagr_full_pct": 7.693,
    "yoy_avg_pct": 287.9991,
    "yoy_latest_pct": 2153.8071,
    "trend_consistency_pct": 57.1429,
    "exports_proj_3y_usd": 49152.18,
    "exports_proj_5y_usd": 57005.58,
    "your_share_gap_pp": 24.4925,
    "addressable_proj_3y_usd": 6749018.74,
    "addressable_proj_5y_usd": 7160749.79,
    "peer_best_share_pct": 24.648591447319273,
    "peer_top_exporter": "SVK",
    "num_suppliers_latest": 32,
    "buyer_herfindahl_index": 1376.5,
    "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": 1.794635553766325,
    "lane_max_drawdown_pct": 99.23579224724143,
    "signal_flag": "Growing",
    "lane_data_years": 15,
    "lane_last_year": 2024
  },
  "lane": {
    "exporter_iso3": "IND",
    "importer_iso3": "BEL",
    "hs_code": "721720",
    "hs_description": "Iron or non-alloy steel: wire, plated or coated with zinc",
    "hs_chapter": "72",
    "hs_heading": "7217",
    "price_range_label": "Medium price range",
    "trade_type_label": "Two-way horizontal trade",
    "substitution_elasticity": -6.4120207,
    "buyer_imports_latest_usd": 25213349.034608435,
    "buyer_imports_avg_usd": 42571732.28587886,
    "buyer_imports_peak_usd": 88415849.9812428,
    "buyer_cagr_full_pct": 3.0051,
    "buyer_yoy_avg_pct": 6.3313,
    "buyer_yoy_latest_pct": 8.8876,
    "buyer_trend_consistency_pct": 56,
    "buyer_imports_proj_3y_usd": 27555438.96,
    "buyer_imports_proj_5y_usd": 29236487.78,
    "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": 39353.274584597784,
    "exports_avg_usd": 25275.612465708644,
    "exports_peak_usd": 188388.74076734742,
    "share_latest_pct": 0.15608110818828771,
    "share_avg_pct": 0.061946408928434525,
    "share_peak_pct": 0.33502878301339956,
    "share_change_1y_pp": 0.1485404034585095,
    "share_trend_pp_per_yr": 0.007484,
    "cagr_full_pct": 7.693,
    "yoy_avg_pct": 287.9991,
    "yoy_latest_pct": 2153.8071,
    "trend_consistency_pct": 57.1429,
    "exports_proj_3y_usd": 49152.18,
    "exports_proj_5y_usd": 57005.58,
    "your_share_gap_pp": 24.4925,
    "addressable_proj_3y_usd": 6749018.74,
    "addressable_proj_5y_usd": 7160749.79,
    "peer_best_share_pct": 24.648591447319273,
    "peer_top_exporter": "SVK",
    "num_suppliers_latest": 32,
    "buyer_herfindahl_index": 1376.5,
    "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": 1.794635553766325,
    "lane_max_drawdown_pct": 99.23579224724143,
    "signal_flag": "Growing",
    "lane_data_years": 15,
    "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": 149035.46618274963,
    "current_below_peak_pct": 79.1106016079817,
    "latest_vs_historical_avg_pct": 55.69662115206215,
    "share_change_all_pp": 0.11226,
    "volatility_label": "Highly volatile",
    "drawdown_label": "Still more than 50% below historical peak",
    "competition_label": "Competitive 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"
    ],
    "risk_driver_count": 2,
    "attention_level": "Watch",
    "primary_risk_reason": "Current trade remains more than 50% below its historical peak"
  },
  "routeHistory": [
    {
      "year": 1999,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 6170.188274135883,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 9539.796000461634,
      "yoy_growth_pct": 54.611100611798676,
      "cagr_3y_pct": null
    },
    {
      "year": 2003,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 15725.995739863098,
      "yoy_growth_pct": 64.84624764619822,
      "cagr_3y_pct": null
    },
    {
      "year": 2004,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 38078.38654904997,
      "yoy_growth_pct": 142.13656914917524,
      "cagr_3y_pct": 83.4256390083101
    },
    {
      "year": 2007,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 7347.26656010617,
      "yoy_growth_pct": -80.70489002825283,
      "cagr_3y_pct": -8.336682869711199
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 6132.468260735981,
      "yoy_growth_pct": -16.534016963073604,
      "cagr_3y_pct": -26.941225139073875
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 33466.54108340171,
      "yoy_growth_pct": 445.7270981356088,
      "cagr_3y_pct": -4.212075463140341
    },
    {
      "year": 2014,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 188388.74076734742,
      "yoy_growth_pct": 462.91667638393005,
      "cagr_3y_pct": 194.87845942360522
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 1439.6813622683126,
      "yoy_growth_pct": -99.23579224724143,
      "cagr_3y_pct": -38.310626774497756
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 11617.703055861672,
      "yoy_growth_pct": 706.9634962528943,
      "cagr_3y_pct": -29.719234829721852
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 3025.4183985799523,
      "yoy_growth_pct": -73.95854943070276,
      "cagr_3y_pct": -74.77041151872625
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 14636.079803653625,
      "yoy_growth_pct": 383.770436860019,
      "cagr_3y_pct": 116.63043018223172
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 2466.5665646538882,
      "yoy_growth_pct": -83.14735504490652,
      "cagr_3y_pct": -40.34353396968952
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 1746.0799809125097,
      "yoy_growth_pct": -29.210100958393483,
      "cagr_3y_pct": -16.741950991617184
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "BEL",
      "hs_code": "721720",
      "export_value_usd": 39353.274584597784,
      "yoy_growth_pct": 2153.807100178285,
      "cagr_3y_pct": 39.05460284039128
    }
  ],
  "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-721720",
    "markdown": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-721720/index.md",
    "json": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-721720/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/anomaly/ind-bel-721720/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": "2026-09-03T09:34:38.386Z",
  "artifactContract": {
    "html": "Full visual page",
    "markdown": "Readable page content and evidence",
    "json": "Complete page data",
    "jsonLd": "Page metadata, FAQ, and provenance"
  }
}