{
  "template": "new-corridor-signal",
  "templateName": "New Corridor Signal",
  "source": "api",
  "publisher": {
    "name": "Yugalinks",
    "url": "https://www.yugalinks.com",
    "linkedin": "https://in.linkedin.com/company/yugalinks"
  },
  "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-col-240220",
  "seo": {
    "title": "Belgium to Colombia new corridor | HS 240220 | Yugalinks",
    "description": "Reported new-corridor signal for Belgium to Colombia in cigarettes (HS 240220), with market demand, growth, share, competition, access, and evidence.",
    "robots": "index, follow"
  },
  "breadcrumbs": [
    {
      "name": "Home",
      "url": "https://www.yugalinks.com/"
    },
    {
      "name": "Trade data",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "New corridor signals",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/"
    },
    {
      "name": "BEL-COL-HS 240220",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/bel-col-240220"
    }
  ],
  "exporter": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "importer": {
    "iso3": "COL",
    "country_name": "Colombia"
  },
  "hsCode": "240220",
  "product": "Cigarettes: containing tobacco",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "COL",
    "hs_code": "240220",
    "your_market_share_pct": 0.010263753588714158,
    "your_share_change_pp": 0.010263753588714158,
    "market_imports_usd": 111480833.03156008,
    "market_yoy_growth_pct": 26.708898094238553,
    "market_cagr_3y_pct": 7.161213,
    "top_supplier_iso3": "MEX",
    "top_supplier_share_pct": 47.72983220035187,
    "your_share_gap_pp": 47.719568446763155,
    "num_suppliers": 16,
    "market_hhi": 4467.068960100353,
    "volatility_mean_usd": 11442.118001005185,
    "volatility_stddev_usd": 0,
    "volatility_cv": 0,
    "max_drawdown_pct": 0,
    "momentum_yoy_pct": null,
    "momentum_acceleration_pct": null,
    "anomaly_type": "",
    "anomaly_severity": "0",
    "anomaly_z_score": 0,
    "new_corridor_signal_type": "new",
    "new_corridor_signal_strength": 81.17088752782678
  },
  "market": {
    "exporter_iso3": "BEL",
    "importer_iso3": "COL",
    "hs_code": "240220",
    "hs_description": "Cigarettes: containing tobacco",
    "hs_chapter": "24",
    "hs_heading": "2402",
    "price_range_label": "High price range",
    "trade_type_label": "One-way trade",
    "substitution_elasticity": -2.5275135,
    "buyer_imports_latest_usd": 111480833.03156008,
    "buyer_imports_avg_usd": 48026405.152611636,
    "buyer_imports_peak_usd": 111480833.03156008,
    "buyer_cagr_full_pct": 8.142,
    "buyer_yoy_avg_pct": 11.992,
    "buyer_yoy_latest_pct": 26.7089,
    "buyer_trend_consistency_pct": 62.069,
    "buyer_imports_proj_3y_usd": 140988282.38,
    "buyer_imports_proj_5y_usd": 164881360.62,
    "buyer_gdp_mn_latest": 314322.45322799997,
    "buyer_gdp_pc_latest": 6131,
    "buyer_population_latest": 51265.842,
    "buyer_investment_rate": 21.76,
    "buyer_savings_rate": 19.47,
    "buyer_edu_secondary": 77.87,
    "buyer_gdp_mn_2030_proj": 365015.23,
    "buyer_gdp_pc_2030_proj": 6906.92,
    "buyer_gdp_pc_growth_pct": 12.66,
    "buyer_gdp_mn_growth_pct": 16.13,
    "buyer_pop_growth_pct": 3.08,
    "exports_latest_usd": 11442.118001005185,
    "exports_avg_usd": 11442.118001005185,
    "exports_peak_usd": 11442.118001005185,
    "share_latest_pct": 0.010263753588714158,
    "share_avg_pct": 0.010263753588714158,
    "share_peak_pct": 0.010263753588714158,
    "share_change_1y_pp": 0.010263753588714158,
    "share_trend_pp_per_yr": null,
    "cagr_full_pct": null,
    "yoy_avg_pct": null,
    "yoy_latest_pct": null,
    "trend_consistency_pct": null,
    "exports_proj_3y_usd": null,
    "exports_proj_5y_usd": null,
    "your_share_gap_pp": 47.7196,
    "addressable_proj_3y_usd": 67278999.91,
    "addressable_proj_5y_usd": 78680673.74,
    "peer_best_share_pct": 47.72983220035187,
    "peer_top_exporter": "MEX",
    "num_suppliers_latest": 16,
    "buyer_herfindahl_index": 4467.07,
    "distance_km": 8874.1318359375,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": 1,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 10,
    "shared_legal_system": 1,
    "shared_religion": 0,
    "shares_land_border": 0,
    "buyer_is_wto_member": 1,
    "lane_volatility_cv": 0,
    "lane_max_drawdown_pct": 0,
    "signal_flag": "Declining",
    "lane_data_years": 1,
    "lane_last_year": 2024
  },
  "access": {
    "lane_access_data_available": false,
    "exporter_iso3": "BEL",
    "importer_iso3": "COL",
    "hs_code": "240220"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 11442.118001005185,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1999,
      "export_value_usd": 70974577.99881756,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "export_value_usd": 85562196.55277067,
      "yoy_growth_pct": 20.553300865270586,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "export_value_usd": 86173783.72267981,
      "yoy_growth_pct": 0.7147866634442224,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "export_value_usd": 104746869.49725404,
      "yoy_growth_pct": 21.553058218199194,
      "cagr_3y_pct": 13.853419223150043
    },
    {
      "year": 2003,
      "export_value_usd": 102728738.95207568,
      "yoy_growth_pct": -1.9266738517959014,
      "cagr_3y_pct": 6.28451878638201
    },
    {
      "year": 2004,
      "export_value_usd": 109369641.32170723,
      "yoy_growth_pct": 6.464502959322438,
      "cagr_3y_pct": 8.269768575976432
    },
    {
      "year": 2005,
      "export_value_usd": 121339012.51868321,
      "yoy_growth_pct": 10.943961278768821,
      "cagr_3y_pct": 5.02349529155508
    },
    {
      "year": 2006,
      "export_value_usd": 137124709.78434634,
      "yoy_growth_pct": 13.009581121514824,
      "cagr_3y_pct": 10.105223163264721
    },
    {
      "year": 2007,
      "export_value_usd": 175849093.33510312,
      "yoy_growth_pct": 28.240266551271432,
      "cagr_3y_pct": 17.15148063941847
    },
    {
      "year": 2008,
      "export_value_usd": 219929671.53432643,
      "yoy_growth_pct": 25.06727635792929,
      "cagr_3y_pct": 21.925475070776358
    },
    {
      "year": 2009,
      "export_value_usd": 187292318.2269824,
      "yoy_growth_pct": -14.839904538415139,
      "cagr_3y_pct": 10.951901073238957
    },
    {
      "year": 2010,
      "export_value_usd": 176243700.85662678,
      "yoy_growth_pct": -5.899130020359755,
      "cagr_3y_pct": 0.07474452733589043
    },
    {
      "year": 2011,
      "export_value_usd": 254122275.44943684,
      "yoy_growth_pct": 44.18800457223935,
      "cagr_3y_pct": 4.9348235556140985
    },
    {
      "year": 2012,
      "export_value_usd": 277161055.3666085,
      "yoy_growth_pct": 9.066021416826064,
      "cagr_3y_pct": 13.956056984216826
    },
    {
      "year": 2013,
      "export_value_usd": 282725559.7474463,
      "yoy_growth_pct": 2.007679027443987,
      "cagr_3y_pct": 17.0623279066888
    },
    {
      "year": 2014,
      "export_value_usd": 277648816.83556724,
      "yoy_growth_pct": -1.7956434205715355,
      "cagr_3y_pct": 2.9953688468449258
    },
    {
      "year": 2015,
      "export_value_usd": 223366280.17632556,
      "yoy_growth_pct": -19.550789835128157,
      "cagr_3y_pct": -6.940267075968576
    },
    {
      "year": 2016,
      "export_value_usd": 219688457.93707696,
      "yoy_growth_pct": -1.6465431739944525,
      "cagr_3y_pct": -8.065033402733224
    },
    {
      "year": 2017,
      "export_value_usd": 263407831.74426213,
      "yoy_growth_pct": 19.900623918852965,
      "cagr_3y_pct": -1.7398056560325892
    },
    {
      "year": 2018,
      "export_value_usd": 286082483.80009437,
      "yoy_growth_pct": 8.608192059318354,
      "cagr_3y_pct": 8.59868137179529
    },
    {
      "year": 2019,
      "export_value_usd": 304900651.820717,
      "yoy_growth_pct": 6.577881934838126,
      "cagr_3y_pct": 11.545067542438158
    },
    {
      "year": 2020,
      "export_value_usd": 259933505.20450407,
      "yoy_growth_pct": -14.748130693618133,
      "cagr_3y_pct": -0.4416111193841221
    },
    {
      "year": 2021,
      "export_value_usd": 412726362.74494004,
      "yoy_growth_pct": 58.781516996135366,
      "cagr_3y_pct": 12.99441572033424
    },
    {
      "year": 2022,
      "export_value_usd": 559336325.766449,
      "yoy_growth_pct": 35.522316056198264,
      "cagr_3y_pct": 22.4160111410878
    },
    {
      "year": 2023,
      "export_value_usd": 531038391.45911914,
      "yoy_growth_pct": -5.059198375602314,
      "cagr_3y_pct": 26.88819477305526
    },
    {
      "year": 2024,
      "export_value_usd": 546983840.2381675,
      "yoy_growth_pct": 3.002692279033825,
      "cagr_3y_pct": 9.842589311280614
    }
  ],
  "relatedSignals": [
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "hs_code": "080440",
      "your_market_share_pct": 0.0000022209444703723603,
      "your_share_change_pp": 0.0000022209444703723603,
      "market_imports_usd": 3660200348.540621,
      "market_yoy_growth_pct": 26.65477574893107,
      "market_cagr_3y_pct": 8.314657,
      "top_supplier_iso3": "MEX",
      "top_supplier_share_pct": 90.97658685448165,
      "your_share_gap_pp": 90.97658463353719,
      "num_suppliers": 17,
      "market_hhi": 8305.41604655108,
      "volatility_mean_usd": 81.29101724546277,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 38.3070486183056,
      "exporter_name": "Belgium",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "PHL",
      "hs_code": "270900",
      "your_market_share_pct": 8.899229948254103e-7,
      "your_share_change_pp": 8.899229948254103e-7,
      "market_imports_usd": 3447328306.02324,
      "market_yoy_growth_pct": -18.910796827670485,
      "market_cagr_3y_pct": 19.73894,
      "top_supplier_iso3": "SAU",
      "top_supplier_share_pct": 51.46786315329479,
      "your_share_gap_pp": 51.4678622633718,
      "num_suppliers": 9,
      "market_hhi": 3731.173218474511,
      "volatility_mean_usd": 30.678567302426107,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 30.015310638449822,
      "exporter_name": "Belgium",
      "importer_name": "Philippines",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "hs_code": "030441",
      "your_market_share_pct": 0.00006347068670599553,
      "your_share_change_pp": 0.00006347068670599553,
      "market_imports_usd": 2561536819.509444,
      "market_yoy_growth_pct": -0.9915290799314191,
      "market_cagr_3y_pct": 4.730311,
      "top_supplier_iso3": "CHL",
      "top_supplier_share_pct": 62.825228435375216,
      "your_share_gap_pp": 62.82516496468851,
      "num_suppliers": 23,
      "market_hhi": 4376.539343317069,
      "volatility_mean_usd": 1625.8250095695616,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 64.22681680593409,
      "exporter_name": "Belgium",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "MEX",
      "hs_code": "020312",
      "your_market_share_pct": 3.035158517297362e-7,
      "your_share_change_pp": 3.035158517297362e-7,
      "market_imports_usd": 2205465053.190743,
      "market_yoy_growth_pct": 12.37917288650916,
      "market_cagr_3y_pct": 15.761064,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 90.27849174345755,
      "your_share_gap_pp": 90.2784914399417,
      "num_suppliers": 8,
      "market_hhi": 8242.80940354519,
      "volatility_mean_usd": 6.693936040793563,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 17.722971434461744,
      "exporter_name": "Belgium",
      "importer_name": "Mexico",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "hs_code": "080390",
      "your_market_share_pct": 0.000008265553911766201,
      "your_share_change_pp": 0.000008265553911766201,
      "market_imports_usd": 2075963005.6340957,
      "market_yoy_growth_pct": 2.267796563080582,
      "market_cagr_3y_pct": 3.580271,
      "top_supplier_iso3": "GTM",
      "top_supplier_share_pct": 35.14829540607806,
      "your_share_gap_pp": 35.148287140524154,
      "num_suppliers": 43,
      "market_hhi": 2168.5156666260796,
      "volatility_mean_usd": 171.5898414190082,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 44.74030459403744,
      "exporter_name": "Belgium",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "USA",
      "hs_code": "080610",
      "your_market_share_pct": 0.00011994954659381065,
      "your_share_change_pp": 0.00011994954659381065,
      "market_imports_usd": 2056267355.5335414,
      "market_yoy_growth_pct": 1.4408148066857862,
      "market_cagr_3y_pct": 11.751924,
      "top_supplier_iso3": "CHL",
      "top_supplier_share_pct": 38.823692301254894,
      "your_share_gap_pp": 38.8235723517083,
      "num_suppliers": 20,
      "market_hhi": 3298.558387633275,
      "volatility_mean_usd": 2466.4833697190234,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 67.84508468609509,
      "exporter_name": "Belgium",
      "importer_name": "USA, Puerto Rico and US Virgin Islands",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "MEX",
      "hs_code": "870340",
      "your_market_share_pct": 0.00018682212784784115,
      "your_share_change_pp": 0.00018682212784784115,
      "market_imports_usd": 1880866108.6886232,
      "market_yoy_growth_pct": 29.51236791756888,
      "market_cagr_3y_pct": 46.687031,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 61.82457546269191,
      "your_share_gap_pp": 61.82438864056406,
      "num_suppliers": 31,
      "market_hhi": 4038.6813595766507,
      "volatility_mean_usd": 3513.8740862209743,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 70.91819543696673,
      "exporter_name": "Belgium",
      "importer_name": "Mexico",
      "published": true
    },
    {
      "year": 2024,
      "exporter_iso3": "BEL",
      "importer_iso3": "BRA",
      "hs_code": "880240",
      "your_market_share_pct": 0.16232193386061664,
      "your_share_change_pp": 0.16232193386061664,
      "market_imports_usd": 1400009578.8181386,
      "market_yoy_growth_pct": -14.539408145136312,
      "market_cagr_3y_pct": 11.085592,
      "top_supplier_iso3": "USA",
      "top_supplier_share_pct": 49.98269497578657,
      "your_share_gap_pp": 49.820373041925954,
      "num_suppliers": 13,
      "market_hhi": 3266.6846551449053,
      "volatility_mean_usd": 2272522.6225714763,
      "volatility_stddev_usd": 0,
      "volatility_cv": 0,
      "max_drawdown_pct": 0,
      "momentum_yoy_pct": null,
      "momentum_acceleration_pct": null,
      "anomaly_type": "",
      "anomaly_severity": "0",
      "anomaly_z_score": 0,
      "new_corridor_signal_type": "new",
      "new_corridor_signal_strength": 100,
      "exporter_name": "Belgium",
      "importer_name": "BRA",
      "published": true
    }
  ],
  "sections": {
    "overview": {
      "title": "What does this new corridor signal mean?",
      "summary": "The signal points to a newly observed exporter-to-buyer relationship in the available reporting. It is a prompt for market research, not a forecast, order, or guarantee of commercial access.",
      "reportedMarket": {
        "buyerMarket": "Colombia",
        "imports": "$111.5M",
        "year": 2024,
        "annualChange": "+26.7%"
      },
      "exporterPosition": {
        "exporter": "Belgium",
        "routeExports": "$11.4K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "81/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$111.5M",
      "projectionThreeYears": "$141.0M",
      "supplierCount": "16",
      "averageImports": "$48.0M",
      "historicalPeak": "$111.5M",
      "fullHistoryGrowth": "+8.1%",
      "latestAnnualChange": "+26.7%"
    },
    "competition": {
      "topSupplier": {
        "country": "Mexico",
        "iso3": "MEX",
        "share": "47.7%"
      },
      "marketConcentrationHhi": "4,467",
      "exporterShare": "0.0%",
      "shareGap": "47.7%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "8,874 km",
      "tradeAgreement": "Reported yes",
      "businessEntryTime": "10 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$6.1K",
      "gdpPerPersonGrowth": "+12.7%",
      "populationThousands": "51,266",
      "gdp": "$314.3B",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "21.8%",
      "savingsRate": "19.5%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 11442.118001005185,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1999,
          "export_value_usd": 70974577.99881756,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 2000,
          "export_value_usd": 85562196.55277067,
          "yoy_growth_pct": 20.553300865270586,
          "cagr_3y_pct": null
        },
        {
          "year": 2001,
          "export_value_usd": 86173783.72267981,
          "yoy_growth_pct": 0.7147866634442224,
          "cagr_3y_pct": null
        },
        {
          "year": 2002,
          "export_value_usd": 104746869.49725404,
          "yoy_growth_pct": 21.553058218199194,
          "cagr_3y_pct": 13.853419223150043
        },
        {
          "year": 2003,
          "export_value_usd": 102728738.95207568,
          "yoy_growth_pct": -1.9266738517959014,
          "cagr_3y_pct": 6.28451878638201
        },
        {
          "year": 2004,
          "export_value_usd": 109369641.32170723,
          "yoy_growth_pct": 6.464502959322438,
          "cagr_3y_pct": 8.269768575976432
        },
        {
          "year": 2005,
          "export_value_usd": 121339012.51868321,
          "yoy_growth_pct": 10.943961278768821,
          "cagr_3y_pct": 5.02349529155508
        },
        {
          "year": 2006,
          "export_value_usd": 137124709.78434634,
          "yoy_growth_pct": 13.009581121514824,
          "cagr_3y_pct": 10.105223163264721
        },
        {
          "year": 2007,
          "export_value_usd": 175849093.33510312,
          "yoy_growth_pct": 28.240266551271432,
          "cagr_3y_pct": 17.15148063941847
        },
        {
          "year": 2008,
          "export_value_usd": 219929671.53432643,
          "yoy_growth_pct": 25.06727635792929,
          "cagr_3y_pct": 21.925475070776358
        },
        {
          "year": 2009,
          "export_value_usd": 187292318.2269824,
          "yoy_growth_pct": -14.839904538415139,
          "cagr_3y_pct": 10.951901073238957
        },
        {
          "year": 2010,
          "export_value_usd": 176243700.85662678,
          "yoy_growth_pct": -5.899130020359755,
          "cagr_3y_pct": 0.07474452733589043
        },
        {
          "year": 2011,
          "export_value_usd": 254122275.44943684,
          "yoy_growth_pct": 44.18800457223935,
          "cagr_3y_pct": 4.9348235556140985
        },
        {
          "year": 2012,
          "export_value_usd": 277161055.3666085,
          "yoy_growth_pct": 9.066021416826064,
          "cagr_3y_pct": 13.956056984216826
        },
        {
          "year": 2013,
          "export_value_usd": 282725559.7474463,
          "yoy_growth_pct": 2.007679027443987,
          "cagr_3y_pct": 17.0623279066888
        },
        {
          "year": 2014,
          "export_value_usd": 277648816.83556724,
          "yoy_growth_pct": -1.7956434205715355,
          "cagr_3y_pct": 2.9953688468449258
        },
        {
          "year": 2015,
          "export_value_usd": 223366280.17632556,
          "yoy_growth_pct": -19.550789835128157,
          "cagr_3y_pct": -6.940267075968576
        },
        {
          "year": 2016,
          "export_value_usd": 219688457.93707696,
          "yoy_growth_pct": -1.6465431739944525,
          "cagr_3y_pct": -8.065033402733224
        },
        {
          "year": 2017,
          "export_value_usd": 263407831.74426213,
          "yoy_growth_pct": 19.900623918852965,
          "cagr_3y_pct": -1.7398056560325892
        },
        {
          "year": 2018,
          "export_value_usd": 286082483.80009437,
          "yoy_growth_pct": 8.608192059318354,
          "cagr_3y_pct": 8.59868137179529
        },
        {
          "year": 2019,
          "export_value_usd": 304900651.820717,
          "yoy_growth_pct": 6.577881934838126,
          "cagr_3y_pct": 11.545067542438158
        },
        {
          "year": 2020,
          "export_value_usd": 259933505.20450407,
          "yoy_growth_pct": -14.748130693618133,
          "cagr_3y_pct": -0.4416111193841221
        },
        {
          "year": 2021,
          "export_value_usd": 412726362.74494004,
          "yoy_growth_pct": 58.781516996135366,
          "cagr_3y_pct": 12.99441572033424
        },
        {
          "year": 2022,
          "export_value_usd": 559336325.766449,
          "yoy_growth_pct": 35.522316056198264,
          "cagr_3y_pct": 22.4160111410878
        },
        {
          "year": 2023,
          "export_value_usd": 531038391.45911914,
          "yoy_growth_pct": -5.059198375602314,
          "cagr_3y_pct": 26.88819477305526
        },
        {
          "year": 2024,
          "export_value_usd": 546983840.2381675,
          "yoy_growth_pct": 3.002692279033825,
          "cagr_3y_pct": 9.842589311280614
        }
      ],
      "routeHistoryScope": "Broader Belgium to Colombia route exports, not only HS 240220."
    },
    "relatedSignals": [
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "hs_code": "080440",
        "your_market_share_pct": 0.0000022209444703723603,
        "your_share_change_pp": 0.0000022209444703723603,
        "market_imports_usd": 3660200348.540621,
        "market_yoy_growth_pct": 26.65477574893107,
        "market_cagr_3y_pct": 8.314657,
        "top_supplier_iso3": "MEX",
        "top_supplier_share_pct": 90.97658685448165,
        "your_share_gap_pp": 90.97658463353719,
        "num_suppliers": 17,
        "market_hhi": 8305.41604655108,
        "volatility_mean_usd": 81.29101724546277,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 38.3070486183056,
        "exporter_name": "Belgium",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-usa-080440"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "PHL",
        "hs_code": "270900",
        "your_market_share_pct": 8.899229948254103e-7,
        "your_share_change_pp": 8.899229948254103e-7,
        "market_imports_usd": 3447328306.02324,
        "market_yoy_growth_pct": -18.910796827670485,
        "market_cagr_3y_pct": 19.73894,
        "top_supplier_iso3": "SAU",
        "top_supplier_share_pct": 51.46786315329479,
        "your_share_gap_pp": 51.4678622633718,
        "num_suppliers": 9,
        "market_hhi": 3731.173218474511,
        "volatility_mean_usd": 30.678567302426107,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 30.015310638449822,
        "exporter_name": "Belgium",
        "importer_name": "Philippines",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-phl-270900"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "hs_code": "030441",
        "your_market_share_pct": 0.00006347068670599553,
        "your_share_change_pp": 0.00006347068670599553,
        "market_imports_usd": 2561536819.509444,
        "market_yoy_growth_pct": -0.9915290799314191,
        "market_cagr_3y_pct": 4.730311,
        "top_supplier_iso3": "CHL",
        "top_supplier_share_pct": 62.825228435375216,
        "your_share_gap_pp": 62.82516496468851,
        "num_suppliers": 23,
        "market_hhi": 4376.539343317069,
        "volatility_mean_usd": 1625.8250095695616,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 64.22681680593409,
        "exporter_name": "Belgium",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-usa-030441"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "MEX",
        "hs_code": "020312",
        "your_market_share_pct": 3.035158517297362e-7,
        "your_share_change_pp": 3.035158517297362e-7,
        "market_imports_usd": 2205465053.190743,
        "market_yoy_growth_pct": 12.37917288650916,
        "market_cagr_3y_pct": 15.761064,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 90.27849174345755,
        "your_share_gap_pp": 90.2784914399417,
        "num_suppliers": 8,
        "market_hhi": 8242.80940354519,
        "volatility_mean_usd": 6.693936040793563,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 17.722971434461744,
        "exporter_name": "Belgium",
        "importer_name": "Mexico",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-mex-020312"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "hs_code": "080390",
        "your_market_share_pct": 0.000008265553911766201,
        "your_share_change_pp": 0.000008265553911766201,
        "market_imports_usd": 2075963005.6340957,
        "market_yoy_growth_pct": 2.267796563080582,
        "market_cagr_3y_pct": 3.580271,
        "top_supplier_iso3": "GTM",
        "top_supplier_share_pct": 35.14829540607806,
        "your_share_gap_pp": 35.148287140524154,
        "num_suppliers": 43,
        "market_hhi": 2168.5156666260796,
        "volatility_mean_usd": 171.5898414190082,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 44.74030459403744,
        "exporter_name": "Belgium",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-usa-080390"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "USA",
        "hs_code": "080610",
        "your_market_share_pct": 0.00011994954659381065,
        "your_share_change_pp": 0.00011994954659381065,
        "market_imports_usd": 2056267355.5335414,
        "market_yoy_growth_pct": 1.4408148066857862,
        "market_cagr_3y_pct": 11.751924,
        "top_supplier_iso3": "CHL",
        "top_supplier_share_pct": 38.823692301254894,
        "your_share_gap_pp": 38.8235723517083,
        "num_suppliers": 20,
        "market_hhi": 3298.558387633275,
        "volatility_mean_usd": 2466.4833697190234,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 67.84508468609509,
        "exporter_name": "Belgium",
        "importer_name": "USA, Puerto Rico and US Virgin Islands",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-usa-080610"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "MEX",
        "hs_code": "870340",
        "your_market_share_pct": 0.00018682212784784115,
        "your_share_change_pp": 0.00018682212784784115,
        "market_imports_usd": 1880866108.6886232,
        "market_yoy_growth_pct": 29.51236791756888,
        "market_cagr_3y_pct": 46.687031,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 61.82457546269191,
        "your_share_gap_pp": 61.82438864056406,
        "num_suppliers": 31,
        "market_hhi": 4038.6813595766507,
        "volatility_mean_usd": 3513.8740862209743,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 70.91819543696673,
        "exporter_name": "Belgium",
        "importer_name": "Mexico",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-mex-870340"
      },
      {
        "year": 2024,
        "exporter_iso3": "BEL",
        "importer_iso3": "BRA",
        "hs_code": "880240",
        "your_market_share_pct": 0.16232193386061664,
        "your_share_change_pp": 0.16232193386061664,
        "market_imports_usd": 1400009578.8181386,
        "market_yoy_growth_pct": -14.539408145136312,
        "market_cagr_3y_pct": 11.085592,
        "top_supplier_iso3": "USA",
        "top_supplier_share_pct": 49.98269497578657,
        "your_share_gap_pp": 49.820373041925954,
        "num_suppliers": 13,
        "market_hhi": 3266.6846551449053,
        "volatility_mean_usd": 2272522.6225714763,
        "volatility_stddev_usd": 0,
        "volatility_cv": 0,
        "max_drawdown_pct": 0,
        "momentum_yoy_pct": null,
        "momentum_acceleration_pct": null,
        "anomaly_type": "",
        "anomaly_severity": "0",
        "anomaly_z_score": 0,
        "new_corridor_signal_type": "new",
        "new_corridor_signal_strength": 100,
        "exporter_name": "Belgium",
        "importer_name": "BRA",
        "published": true,
        "canonical": "https://www.yugalinks.com/trade/signal/new-corridor/bel-bra-880240"
      }
    ],
    "faq": [
      {
        "question": "What does a new corridor signal mean?",
        "answer": "It identifies an exporter, buyer market, and HS6 combination included in the available new-corridor signal set for 2024. It is a research prompt, not a guarantee of demand or sales."
      },
      {
        "question": "Is the market opportunity reported trade?",
        "answer": "Reported buyer imports and exporter share are observations. Any projection or share-gap measure is calculated from the available data and should not be treated as an order or forecast."
      },
      {
        "question": "What should exporters check next?",
        "answer": "Validate product fit, buyers, tariffs, standards, logistics, pricing, competition, and the depth of product-level history before pursuing the route."
      }
    ],
    "dataSources": {
      "publisher": "OECD",
      "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
      "year": 2025,
      "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02)",
      "sourceUrl": "https://data-explorer.oecd.org/",
      "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
      "termsUrl": "https://www.oecd.org/termsandconditions/",
      "terms": "OECD Terms & Conditions",
      "accessed": "2026-09-02",
      "supportingSources": [
        {
          "publisher": "CEPII",
          "dataset": "BACI bilateral trade flows",
          "release": "202601",
          "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
          "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
          "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
          "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
          "license": "Etalab 2.0 Open Licence",
          "accessed": "2026-09-02"
        }
      ]
    }
  },
  "links": {
    "home": "https://www.yugalinks.com/",
    "trade": "https://www.yugalinks.com/trade/signal/new-corridor/",
    "product": "https://www.yugalinks.com/trade/product/240220",
    "workspace": "https://www.yugalinks.com/app?hs=240220",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/bel-col-240220/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/bel-col-240220/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/bel-col-240220/index.ld.json"
  },
  "methodology": {
    "summary": "Reported trade observations and calculated signal indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.",
    "url": "https://www.yugalinks.com/methodology"
  },
  "sourceAttribution": {
    "publisher": "OECD",
    "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D",
    "year": 2025,
    "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-09-02)",
    "sourceUrl": "https://data-explorer.oecd.org/",
    "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0",
    "termsUrl": "https://www.oecd.org/termsandconditions/",
    "terms": "OECD Terms & Conditions",
    "accessed": "2026-09-02",
    "supportingSources": [
      {
        "publisher": "CEPII",
        "dataset": "BACI bilateral trade flows",
        "release": "202601",
        "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.",
        "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html",
        "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37",
        "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf",
        "license": "Etalab 2.0 Open Licence",
        "accessed": "2026-09-02"
      }
    ]
  },
  "generatedAt": "2026-09-02T11:36:01.815Z"
}