{
  "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 Serbia trade anomaly | HS 392329 | Yugalinks",
    "description": "Reported trade anomaly for India to Serbia in plastics (HS 392329), with anomaly severity, market value, history, and context.",
    "canonical": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-392329",
    "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-SRB HS 392329",
      "url": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-392329"
    }
  ],
  "sections": [
    "overview",
    "history",
    "context",
    "related-movements",
    "faq",
    "data-source"
  ],
  "anomaly": {
    "year": 2024,
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "392329",
    "market_imports_usd": 12822065.14158735,
    "momentum_yoy_pct": 5476.336812856677,
    "anomaly_z_score": 2.737138239179112,
    "anomaly_type": "spike",
    "anomaly_severity": "68.4284559794778",
    "new_corridor_signal_type": "",
    "new_corridor_signal_strength": 0
  },
  "opportunity": {
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "392329",
    "hs_description": "Plastics: sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers",
    "hs_chapter": "39",
    "hs_heading": "3923",
    "price_range_label": "Low price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -7.2117805,
    "buyer_imports_latest_usd": 12822065.141587349,
    "buyer_imports_avg_usd": 8843277.5354496,
    "buyer_imports_peak_usd": 16572186.958385969,
    "buyer_cagr_full_pct": 4.9801,
    "buyer_yoy_avg_pct": 6.1642,
    "buyer_yoy_latest_pct": -22.3649,
    "buyer_trend_consistency_pct": 66.6667,
    "buyer_imports_proj_3y_usd": 14834723.18,
    "buyer_imports_proj_5y_usd": 16349096.55,
    "buyer_gdp_mn_latest": null,
    "buyer_gdp_pc_latest": null,
    "buyer_population_latest": null,
    "buyer_investment_rate": null,
    "buyer_savings_rate": null,
    "buyer_edu_secondary": null,
    "buyer_gdp_mn_2030_proj": null,
    "buyer_gdp_pc_2030_proj": null,
    "buyer_gdp_pc_growth_pct": null,
    "buyer_gdp_mn_growth_pct": null,
    "buyer_pop_growth_pct": null,
    "exports_latest_usd": 158461.9902732825,
    "exports_avg_usd": 14370.133316123258,
    "exports_peak_usd": 158461.9902732825,
    "share_latest_pct": 1.2358538856531278,
    "share_avg_pct": 0.15119973914846793,
    "share_peak_pct": 1.2358538856531278,
    "share_change_1y_pp": 1.218648031308307,
    "share_trend_pp_per_yr": 0.028472,
    "cagr_full_pct": 8.1509,
    "yoy_avg_pct": 656.3395,
    "yoy_latest_pct": 5476.3368,
    "trend_consistency_pct": 44.4444,
    "exports_proj_3y_usd": 200454.17,
    "exports_proj_5y_usd": 234463.42,
    "your_share_gap_pp": 25.7958,
    "addressable_proj_3y_usd": 3826736.08,
    "addressable_proj_5y_usd": 4217380.87,
    "peer_best_share_pct": 27.031657679522386,
    "peer_top_exporter": "ITA",
    "num_suppliers_latest": 48,
    "buyer_herfindahl_index": 1148.48,
    "distance_km": null,
    "shares_official_language": null,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": null,
    "buyer_is_eu_member": null,
    "buyer_biz_entry_days": null,
    "shared_legal_system": null,
    "shared_religion": null,
    "shares_land_border": null,
    "buyer_is_wto_member": null,
    "lane_volatility_cv": 2.4330430879880023,
    "lane_max_drawdown_pct": 99.85218185059189,
    "signal_flag": "Growing",
    "lane_data_years": 19,
    "lane_last_year": 2024
  },
  "lane": {
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "392329",
    "hs_description": "Plastics: sacks and bags (including cones), for the conveyance or packing of goods, of plastics other than ethylene polymers",
    "hs_chapter": "39",
    "hs_heading": "3923",
    "price_range_label": "Low price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -7.2117805,
    "buyer_imports_latest_usd": 12822065.141587349,
    "buyer_imports_avg_usd": 8843277.5354496,
    "buyer_imports_peak_usd": 16572186.958385969,
    "buyer_cagr_full_pct": 4.9801,
    "buyer_yoy_avg_pct": 6.1642,
    "buyer_yoy_latest_pct": -22.3649,
    "buyer_trend_consistency_pct": 66.6667,
    "buyer_imports_proj_3y_usd": 14834723.18,
    "buyer_imports_proj_5y_usd": 16349096.55,
    "buyer_gdp_mn_latest": null,
    "buyer_gdp_pc_latest": null,
    "buyer_population_latest": null,
    "buyer_investment_rate": null,
    "buyer_savings_rate": null,
    "buyer_edu_secondary": null,
    "buyer_gdp_mn_2030_proj": null,
    "buyer_gdp_pc_2030_proj": null,
    "buyer_gdp_pc_growth_pct": null,
    "buyer_gdp_mn_growth_pct": null,
    "buyer_pop_growth_pct": null,
    "exports_latest_usd": 158461.9902732825,
    "exports_avg_usd": 14370.133316123258,
    "exports_peak_usd": 158461.9902732825,
    "share_latest_pct": 1.2358538856531278,
    "share_avg_pct": 0.15119973914846793,
    "share_peak_pct": 1.2358538856531278,
    "share_change_1y_pp": 1.218648031308307,
    "share_trend_pp_per_yr": 0.028472,
    "cagr_full_pct": 8.1509,
    "yoy_avg_pct": 656.3395,
    "yoy_latest_pct": 5476.3368,
    "trend_consistency_pct": 44.4444,
    "exports_proj_3y_usd": 200454.17,
    "exports_proj_5y_usd": 234463.42,
    "your_share_gap_pp": 25.7958,
    "addressable_proj_3y_usd": 3826736.08,
    "addressable_proj_5y_usd": 4217380.87,
    "peer_best_share_pct": 27.031657679522386,
    "peer_top_exporter": "ITA",
    "num_suppliers_latest": 48,
    "buyer_herfindahl_index": 1148.48,
    "distance_km": null,
    "shares_official_language": null,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": null,
    "buyer_is_eu_member": null,
    "buyer_biz_entry_days": null,
    "shared_legal_system": null,
    "shared_religion": null,
    "shares_land_border": null,
    "buyer_is_wto_member": null,
    "lane_volatility_cv": 2.4330430879880023,
    "lane_max_drawdown_pct": 99.85218185059189,
    "signal_flag": "Growing",
    "lane_data_years": 19,
    "lane_last_year": 2024,
    "access_data_year": 2024,
    "avg_applied_tariff_pct": 6.247825097777777,
    "avg_mfn_tariff_pct": 6.247825097777777,
    "avg_preferential_tariff_pct": null,
    "tariff_advantage_pp": null,
    "rta_coverage_ratio": null,
    "buyer_macro_latest_year": 2024,
    "buyer_gdp_5y_cagr_pct": 10.836286255256834,
    "buyer_gdp_pc_5y_cagr_pct": 12.018236663180426,
    "buyer_population_5y_cagr_pct": -1.0551410583952703,
    "buyer_investment_5y_avg_pct": null,
    "buyer_savings_5y_avg_pct": null,
    "current_below_peak_usd": 0,
    "current_below_peak_pct": 0,
    "latest_vs_historical_avg_pct": 1002.7176073271951,
    "share_change_all_pp": 0.540968,
    "volatility_label": "Highly volatile",
    "drawdown_label": "Recovered after a severe historical decline",
    "competition_label": "Competitive buyer market",
    "demand_label": "Buyer demand softened recently",
    "access_label": "Standard market access",
    "macro_resilience_label": "Buyer macro trend resilient",
    "risk_driver_labels": [
      "high_volatility"
    ],
    "risk_driver_count": 1,
    "attention_level": "Watch",
    "primary_risk_reason": "Trade has varied substantially across reported years"
  },
  "routeHistory": [
    {
      "year": 2006,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 38670.97845103424,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2007,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 10412.157863229439,
      "yoy_growth_pct": -73.07500797681273,
      "cagr_3y_pct": null
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 7376.359083120839,
      "yoy_growth_pct": -29.156288446504742,
      "cagr_3y_pct": null
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 57.162724704326926,
      "yoy_growth_pct": -99.22505501616466,
      "cagr_3y_pct": -88.608630996651
    },
    {
      "year": 2010,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 3349.300927333292,
      "yoy_growth_pct": 5759.239468827782,
      "cagr_3y_pct": -31.4820319403079
    },
    {
      "year": 2011,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 5929.650544795843,
      "yoy_growth_pct": 77.04143860005503,
      "cagr_3y_pct": -7.018685170012596
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 3245.0924211302213,
      "yoy_growth_pct": -45.273462632999916,
      "cagr_3y_pct": 284.3303807718731
    },
    {
      "year": 2013,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 4859.093714711372,
      "yoy_growth_pct": 49.73668186063607,
      "cagr_3y_pct": 13.205371734340442
    },
    {
      "year": 2014,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 3344.89176512318,
      "yoy_growth_pct": -31.162229800256792,
      "cagr_3y_pct": -17.373823464759376
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 702.7685925654238,
      "yoy_growth_pct": -78.98979572693159,
      "cagr_3y_pct": -39.9478688102515
    },
    {
      "year": 2016,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 379.65744315617144,
      "yoy_growth_pct": -45.97689094638538,
      "cagr_3y_pct": -57.24907186543982
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 1031.1624145121566,
      "yoy_growth_pct": 171.60337117057117,
      "cagr_3y_pct": -32.446425326504446
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 6532.659150050553,
      "yoy_growth_pct": 533.5237842373413,
      "cagr_3y_pct": 110.26123851365868
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 2702.6359961028215,
      "yoy_growth_pct": -58.62885336544908,
      "cagr_3y_pct": 92.36757903954013
    },
    {
      "year": 2020,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 5238.371288815921,
      "yoy_growth_pct": 93.82452155486747,
      "cagr_3y_pct": 71.90548509520684
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 4365.607376970558,
      "yoy_growth_pct": -16.660978455435938,
      "cagr_3y_pct": -12.571795672969266
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 13531.306836732083,
      "yoy_growth_pct": 209.95244574929944,
      "cagr_3y_pct": 71.07402039601116
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 2841.6861389709475,
      "yoy_growth_pct": -78.99917448285994,
      "cagr_3y_pct": -18.44324383564915
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "392329",
      "export_value_usd": 158461.9902732825,
      "yoy_growth_pct": 5476.336812856677,
      "cagr_3y_pct": 231.10073428989907
    }
  ],
  "corridorHistory": [
    {
      "year": 2006,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 28636279.99641774,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2007,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 41108336.44017721,
      "yoy_growth_pct": 43.553340187062226,
      "cagr_3y_pct": null,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 54464474.031393394,
      "yoy_growth_pct": 32.49009507026066,
      "cagr_3y_pct": null,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 76624666.08765587,
      "yoy_growth_pct": 40.687425060764035,
      "cagr_3y_pct": 38.83021565227081,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2010,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 59877007.527413726,
      "yoy_growth_pct": -21.856745895745146,
      "cagr_3y_pct": 13.355708332057636,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2011,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 110708501.98475663,
      "yoy_growth_pct": 84.89317779294585,
      "cagr_3y_pct": 26.674506229760265,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 101671436.26585862,
      "yoy_growth_pct": -8.162937404881799,
      "cagr_3y_pct": 9.88627574511014,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2013,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 124159185.36509249,
      "yoy_growth_pct": 22.11805982599784,
      "cagr_3y_pct": 27.518419793472184,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2014,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 89769032.07787086,
      "yoy_growth_pct": -27.698436636884104,
      "cagr_3y_pct": -6.750068225957396,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 88896163.84346776,
      "yoy_growth_pct": -0.972348942835799,
      "cagr_3y_pct": -4.377222591889696,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2016,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 88027553.43736598,
      "yoy_growth_pct": -0.9771067372842612,
      "cagr_3y_pct": -10.831130817224398,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 113997114.58817522,
      "yoy_growth_pct": 29.501627770772142,
      "cagr_3y_pct": 8.290187450947295,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 128163847.73945045,
      "yoy_growth_pct": 12.427273446748032,
      "cagr_3y_pct": 12.969404398544304,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 124607477.80597524,
      "yoy_growth_pct": -2.774862019362201,
      "cagr_3y_pct": 12.281573795506695,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2020,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 134889933.97542685,
      "yoy_growth_pct": 8.251877295407816,
      "cagr_3y_pct": 5.769851446561858,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 153567312.00222132,
      "yoy_growth_pct": 13.846383845214838,
      "cagr_3y_pct": 6.213017778362029,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 177421281.0295716,
      "yoy_growth_pct": 15.533233418193348,
      "cagr_3y_pct": 12.500348652017435,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 220547403.43090776,
      "yoy_growth_pct": 24.307186911894817,
      "cagr_3y_pct": 17.807824364158108,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "export_value_usd": 235183235.6294298,
      "yoy_growth_pct": 6.63613897549562,
      "cagr_3y_pct": 15.266346035173228,
      "distance_km": 5259,
      "capital_distance_km": 5259,
      "shares_land_border": 0,
      "shares_official_language": 0,
      "shares_ethnic_language": 0,
      "shared_religion": null,
      "shared_legal_system": 0,
      "shared_colonial_history": 0,
      "has_fta": 0,
      "rta_coverage_ratio": null,
      "exporter_is_wto": 1,
      "importer_is_wto": 0,
      "exporter_is_eu": 0,
      "importer_is_eu": 0,
      "importer_gdp_million_usd": 63068.134601000005,
      "importer_gdp_per_capita_usd": 9214.993546391494,
      "importer_population": 6844.078,
      "importer_biz_entry_days": 7,
      "importer_biz_entry_cost_pct": 2.3,
      "exporter_gdp_million_usd": 3173397.5908170003,
      "exporter_gdp_per_capita_usd": 2277.434305882774,
      "diplomatic_disagreement": 0.545,
      "scientific_collaboration": 230,
      "avg_applied_tariff_pct": 6.247825097777777,
      "avg_mfn_tariff_pct": 6.247825097777777,
      "avg_preferential_tariff_pct": null,
      "tariff_advantage_pp": null
    }
  ],
  "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-srb-392329",
    "markdown": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-392329/index.md",
    "json": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-392329/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-392329/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": "2026-09-03T09:08:19.191Z",
  "artifactContract": {
    "html": "Full visual page",
    "markdown": "Readable page content and evidence",
    "json": "Complete page data",
    "jsonLd": "Page metadata, FAQ, and provenance"
  }
}