{
  "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 851769 | Yugalinks",
    "description": "Reported trade anomaly for India to Serbia in communication apparatus (excluding telephone sets or base stations) (HS 851769), with anomaly severity,...",
    "canonical": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-851769",
    "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 851769",
      "url": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-851769"
    }
  ],
  "sections": [
    "overview",
    "history",
    "context",
    "related-movements",
    "faq",
    "data-source"
  ],
  "anomaly": {
    "year": 2024,
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "851769",
    "market_imports_usd": 12326274.728254322,
    "momentum_yoy_pct": 4681.843152691787,
    "anomaly_z_score": 2.498324661025206,
    "anomaly_type": "spike",
    "anomaly_severity": "62.458116525630146",
    "new_corridor_signal_type": "",
    "new_corridor_signal_strength": 0
  },
  "opportunity": {
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "851769",
    "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the transmission or reception of voice, images or other data (including wired/wireless networks), n.e.c. in item no. 8517.6",
    "hs_chapter": "85",
    "hs_heading": "8517",
    "price_range_label": null,
    "trade_type_label": null,
    "substitution_elasticity": -6.7340598,
    "buyer_imports_latest_usd": 12326274.728254322,
    "buyer_imports_avg_usd": 7469816.710571594,
    "buyer_imports_peak_usd": 22948763.585410245,
    "buyer_cagr_full_pct": 28.7965,
    "buyer_yoy_avg_pct": 167.1519,
    "buyer_yoy_latest_pct": 81.2022,
    "buyer_trend_consistency_pct": 61.1111,
    "buyer_imports_proj_3y_usd": 24074755.33,
    "buyer_imports_proj_5y_usd": 37616805.2,
    "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": 2258.7122635219953,
    "exports_avg_usd": 32287.410999697324,
    "exports_peak_usd": 116894.29777524584,
    "share_latest_pct": 0.018324370609269065,
    "share_avg_pct": 0.44370136626650314,
    "share_peak_pct": 2.1750384937234104,
    "share_change_1y_pp": 0.017629990492190925,
    "share_trend_pp_per_yr": -0.066,
    "cagr_full_pct": -18.6489,
    "yoy_avg_pct": 796.1138,
    "yoy_latest_pct": 4681.8432,
    "trend_consistency_pct": 50,
    "exports_proj_3y_usd": 1216.05,
    "exports_proj_5y_usd": 804.78,
    "your_share_gap_pp": 53.4864,
    "addressable_proj_3y_usd": 12876729.67,
    "addressable_proj_5y_usd": 20119890.11,
    "peer_best_share_pct": 53.504764814606645,
    "peer_top_exporter": "CHN",
    "num_suppliers_latest": 51,
    "buyer_herfindahl_index": 3064.14,
    "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": 1.2046836315249463,
    "lane_max_drawdown_pct": 99.9595915439856,
    "signal_flag": "Declining",
    "lane_data_years": 13,
    "lane_last_year": 2024
  },
  "lane": {
    "exporter_iso3": "IND",
    "importer_iso3": "SRB",
    "hs_code": "851769"
  },
  "routeHistory": [
    {
      "year": 2008,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 61382.873498873814,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2009,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 66982.94078824736,
      "yoy_growth_pct": 9.12317552138755,
      "cagr_3y_pct": null
    },
    {
      "year": 2011,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 10858.810755326731,
      "yoy_growth_pct": -83.78869212438043,
      "cagr_3y_pct": null
    },
    {
      "year": 2012,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 1050.4360054166953,
      "yoy_growth_pct": -90.32641760607709,
      "cagr_3y_pct": -74.23041281315794
    },
    {
      "year": 2015,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 36770.04657643549,
      "yoy_growth_pct": 3400.4556571582157,
      "cagr_3y_pct": -18.12022201121146
    },
    {
      "year": 2016,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 5302.5451042356435,
      "yoy_growth_pct": -85.57917218512895,
      "cagr_3y_pct": -21.252996725540306
    },
    {
      "year": 2017,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 97850.8090340162,
      "yoy_growth_pct": 1745.3555247621282,
      "cagr_3y_pct": 353.3131043070483
    },
    {
      "year": 2018,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 116894.29777524584,
      "yoy_growth_pct": 19.46175910983985,
      "cagr_3y_pct": 47.03917210667572
    },
    {
      "year": 2019,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 4203.37601423326,
      "yoy_growth_pct": -96.40412227607959,
      "cagr_3y_pct": -7.451093854884827
    },
    {
      "year": 2021,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 14161.062165027666,
      "yoy_growth_pct": 236.89734435073592,
      "cagr_3y_pct": -47.49784422933463
    },
    {
      "year": 2022,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 1973.1978345846035,
      "yoy_growth_pct": -86.06603225386837,
      "cagr_3y_pct": -74.34773203409057
    },
    {
      "year": 2023,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 47.23518089986965,
      "yoy_growth_pct": -97.60616091949981,
      "cagr_3y_pct": -77.6013188725749
    },
    {
      "year": 2024,
      "exporter_iso3": "IND",
      "importer_iso3": "SRB",
      "hs_code": "851769",
      "export_value_usd": 2258.7122635219953,
      "yoy_growth_pct": 4681.843152691787,
      "cagr_3y_pct": -45.76807418102666
    }
  ],
  "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-851769",
    "markdown": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-851769/index.md",
    "json": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-851769/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/anomaly/ind-srb-851769/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": "2026-09-03T09:08:19.233Z",
  "artifactContract": {
    "html": "Full visual page",
    "markdown": "Readable page content and evidence",
    "json": "Complete page data",
    "jsonLd": "Page metadata, FAQ, and provenance"
  }
}