{
  "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-ury-870340",
  "seo": {
    "title": "Belgium to Uruguay new corridor | HS 870340 | Yugalinks",
    "description": "Reported new-corridor signal for Belgium to Uruguay in vehicles (HS 870340), 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-URY-HS 870340",
      "url": "https://www.yugalinks.com/trade/signal/new-corridor/bel-ury-870340"
    }
  ],
  "exporter": {
    "iso3": "BEL",
    "country_name": "Belgium"
  },
  "importer": {
    "iso3": "URY",
    "country_name": "Uruguay"
  },
  "hsCode": "870340",
  "product": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power",
  "latestYear": 2024,
  "signal": {
    "year": 2024,
    "exporter_iso3": "BEL",
    "importer_iso3": "URY",
    "hs_code": "870340",
    "your_market_share_pct": 0.03912196212069955,
    "your_share_change_pp": 0.03912196212069955,
    "market_imports_usd": 69337722.72543302,
    "market_yoy_growth_pct": 34.21591780118853,
    "market_cagr_3y_pct": 32.013647,
    "top_supplier_iso3": "BRA",
    "top_supplier_share_pct": 32.75386958610393,
    "your_share_gap_pp": 32.71474762398323,
    "num_suppliers": 19,
    "market_hhi": 1815.8951974751335,
    "volatility_mean_usd": 27126.27761999959,
    "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": 88.66812423945166
  },
  "market": {
    "exporter_iso3": "BEL",
    "importer_iso3": "URY",
    "hs_code": "870340",
    "hs_description": "Vehicles: with both spark-ignition internal combustion piston engine and electric motor for propulsion, incapable of being charged by plugging to external source of electric power",
    "hs_chapter": "87",
    "hs_heading": "8703",
    "price_range_label": null,
    "trade_type_label": null,
    "substitution_elasticity": null,
    "buyer_imports_latest_usd": 69337722.72543302,
    "buyer_imports_avg_usd": 8066108.287751953,
    "buyer_imports_peak_usd": 69337722.72543302,
    "buyer_cagr_full_pct": 32.4344,
    "buyer_yoy_avg_pct": 271.3674,
    "buyer_yoy_latest_pct": 34.2159,
    "buyer_trend_consistency_pct": 66.6667,
    "buyer_imports_proj_3y_usd": 135425239.7,
    "buyer_imports_proj_5y_usd": 211601937.03,
    "buyer_gdp_mn_latest": 59319.547636,
    "buyer_gdp_pc_latest": 17021,
    "buyer_population_latest": 3485.152,
    "buyer_investment_rate": 19.21,
    "buyer_savings_rate": 19.01,
    "buyer_edu_secondary": 66.07,
    "buyer_gdp_mn_2030_proj": 70284.98,
    "buyer_gdp_pc_2030_proj": 19867.35,
    "buyer_gdp_pc_growth_pct": 16.72,
    "buyer_gdp_mn_growth_pct": 18.49,
    "buyer_pop_growth_pct": 1.51,
    "exports_latest_usd": 27126.27761999959,
    "exports_avg_usd": 27126.27761999959,
    "exports_peak_usd": 27126.27761999959,
    "share_latest_pct": 0.03912196212069955,
    "share_avg_pct": 0.03912196212069955,
    "share_peak_pct": 0.03912196212069955,
    "share_change_1y_pp": 0.03912196212069955,
    "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": 32.7147,
    "addressable_proj_3y_usd": 44304025.39,
    "addressable_proj_5y_usd": 69225039.67,
    "peer_best_share_pct": 32.75386958610393,
    "peer_top_exporter": "BRA",
    "num_suppliers_latest": 19,
    "buyer_herfindahl_index": 1815.9,
    "distance_km": 11228.7470703125,
    "shares_official_language": 0,
    "common_spoken_language_score": null,
    "has_wto_reported_fta": 0,
    "buyer_is_eu_member": 0,
    "buyer_biz_entry_days": 6.5,
    "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": "URY",
    "hs_code": "870340"
  },
  "productHistory": [
    {
      "year": 2024,
      "export_value_usd": 27126.27761999959,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    }
  ],
  "routeHistory": [
    {
      "year": 1999,
      "export_value_usd": 18704438.415346045,
      "yoy_growth_pct": null,
      "cagr_3y_pct": null
    },
    {
      "year": 2000,
      "export_value_usd": 20150432.686275188,
      "yoy_growth_pct": 7.730754801720097,
      "cagr_3y_pct": null
    },
    {
      "year": 2001,
      "export_value_usd": 24124786.99518628,
      "yoy_growth_pct": 19.723419197931634,
      "cagr_3y_pct": null
    },
    {
      "year": 2002,
      "export_value_usd": 11865758.302430024,
      "yoy_growth_pct": -50.81507536295492,
      "cagr_3y_pct": -14.075514278019096
    },
    {
      "year": 2003,
      "export_value_usd": 18583018.827067,
      "yoy_growth_pct": 56.610461408617496,
      "cagr_3y_pct": -2.6631479004669556
    },
    {
      "year": 2004,
      "export_value_usd": 22822104.742302388,
      "yoy_growth_pct": 22.81161072204787,
      "cagr_3y_pct": -1.8333277948753834
    },
    {
      "year": 2005,
      "export_value_usd": 18544960.0407024,
      "yoy_growth_pct": -18.741236839878304,
      "cagr_3y_pct": 16.0495519437843
    },
    {
      "year": 2006,
      "export_value_usd": 19132542.04875169,
      "yoy_growth_pct": 3.1684188413437786,
      "cagr_3y_pct": 0.976148888512629
    },
    {
      "year": 2007,
      "export_value_usd": 33366254.277158305,
      "yoy_growth_pct": 74.39530090741549,
      "cagr_3y_pct": 13.496879281580409
    },
    {
      "year": 2008,
      "export_value_usd": 42073513.41309665,
      "yoy_growth_pct": 26.09600425511087,
      "cagr_3y_pct": 31.399675495543523
    },
    {
      "year": 2009,
      "export_value_usd": 42914946.72614321,
      "yoy_growth_pct": 1.9999121651310459,
      "cagr_3y_pct": 30.90170413449387
    },
    {
      "year": 2010,
      "export_value_usd": 60741141.75444982,
      "yoy_growth_pct": 41.53842982041296,
      "cagr_3y_pct": 22.102671300893228
    },
    {
      "year": 2011,
      "export_value_usd": 60110895.954456985,
      "yoy_growth_pct": -1.0375929424254915,
      "cagr_3y_pct": 12.628458569675804
    },
    {
      "year": 2012,
      "export_value_usd": 72887074.91904686,
      "yoy_growth_pct": 21.254347920998807,
      "cagr_3y_pct": 19.31104456478976
    },
    {
      "year": 2013,
      "export_value_usd": 76547215.41933136,
      "yoy_growth_pct": 5.021659195885797,
      "cagr_3y_pct": 8.014522123984591
    },
    {
      "year": 2014,
      "export_value_usd": 68975687.81837901,
      "yoy_growth_pct": -9.89131682906419,
      "cagr_3y_pct": 4.692188770829242
    },
    {
      "year": 2015,
      "export_value_usd": 57695399.285231024,
      "yoy_growth_pct": -16.354006592656678,
      "cagr_3y_pct": -7.495352216542306
    },
    {
      "year": 2016,
      "export_value_usd": 79591399.21927096,
      "yoy_growth_pct": 37.951032847163106,
      "cagr_3y_pct": 1.3084290419434597
    },
    {
      "year": 2017,
      "export_value_usd": 68859368.47125956,
      "yoy_growth_pct": -13.483907624798885,
      "cagr_3y_pct": -0.056244356239432136
    },
    {
      "year": 2018,
      "export_value_usd": 40352419.96930339,
      "yoy_growth_pct": -41.39879457920728,
      "cagr_3y_pct": -11.234786797519025
    },
    {
      "year": 2019,
      "export_value_usd": 40721583.35770552,
      "yoy_growth_pct": 0.9148482016269499,
      "cagr_3y_pct": -20.019121115711215
    },
    {
      "year": 2020,
      "export_value_usd": 41043986.181640536,
      "yoy_growth_pct": 0.7917246760838603,
      "cagr_3y_pct": -15.841981954355333
    },
    {
      "year": 2021,
      "export_value_usd": 96303660.98258659,
      "yoy_growth_pct": 134.63525339959395,
      "cagr_3y_pct": 33.636288095436015
    },
    {
      "year": 2022,
      "export_value_usd": 87785919.9663953,
      "yoy_growth_pct": -8.844670004530197,
      "cagr_3y_pct": 29.181424586323914
    },
    {
      "year": 2023,
      "export_value_usd": 78708012.60061851,
      "yoy_growth_pct": -10.340960565489132,
      "cagr_3y_pct": 24.238577804191628
    },
    {
      "year": 2024,
      "export_value_usd": 154244247.37726825,
      "yoy_growth_pct": 95.97019703691025,
      "cagr_3y_pct": 17.00077169535199
    }
  ],
  "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": "Uruguay",
        "imports": "$69.3M",
        "year": 2024,
        "annualChange": "+34.2%"
      },
      "exporterPosition": {
        "exporter": "Belgium",
        "routeExports": "$27.1K",
        "currentShare": "0.0%"
      }
    },
    "signal": {
      "title": "A new relationship in the reported trade view",
      "type": "New corridor",
      "strength": "89/100",
      "reportedPeriod": 2024,
      "marketMomentum": "+0.0%",
      "availableProductHistoryYears": "1"
    },
    "market": {
      "latestImports": "$69.3M",
      "projectionThreeYears": "$135.4M",
      "supplierCount": "19",
      "averageImports": "$8.1M",
      "historicalPeak": "$69.3M",
      "fullHistoryGrowth": "+32.4%",
      "latestAnnualChange": "+34.2%"
    },
    "competition": {
      "topSupplier": {
        "country": "BRA",
        "iso3": "BRA",
        "share": "32.8%"
      },
      "marketConcentrationHhi": "1,816",
      "exporterShare": "0.0%",
      "shareGap": "32.7%"
    },
    "access": {
      "appliedTariff": "Not reported",
      "mfnTariff": "Not reported",
      "preferentialTariff": "Not reported",
      "distance": "11,229 km",
      "tradeAgreement": "Not reported",
      "businessEntryTime": "6.5 days",
      "sharedSpokenLanguageScore": "0"
    },
    "economy": {
      "gdpPerPerson": "$17.0K",
      "gdpPerPersonGrowth": "+16.7%",
      "populationThousands": "3,485",
      "gdp": "$59.3B",
      "gdpFiveYearCagr": "Not reported",
      "investmentRate": "19.2%",
      "savingsRate": "19.0%"
    },
    "evidence": {
      "productHistory": [
        {
          "year": 2024,
          "export_value_usd": 27126.27761999959,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        }
      ],
      "routeHistory": [
        {
          "year": 1999,
          "export_value_usd": 18704438.415346045,
          "yoy_growth_pct": null,
          "cagr_3y_pct": null
        },
        {
          "year": 2000,
          "export_value_usd": 20150432.686275188,
          "yoy_growth_pct": 7.730754801720097,
          "cagr_3y_pct": null
        },
        {
          "year": 2001,
          "export_value_usd": 24124786.99518628,
          "yoy_growth_pct": 19.723419197931634,
          "cagr_3y_pct": null
        },
        {
          "year": 2002,
          "export_value_usd": 11865758.302430024,
          "yoy_growth_pct": -50.81507536295492,
          "cagr_3y_pct": -14.075514278019096
        },
        {
          "year": 2003,
          "export_value_usd": 18583018.827067,
          "yoy_growth_pct": 56.610461408617496,
          "cagr_3y_pct": -2.6631479004669556
        },
        {
          "year": 2004,
          "export_value_usd": 22822104.742302388,
          "yoy_growth_pct": 22.81161072204787,
          "cagr_3y_pct": -1.8333277948753834
        },
        {
          "year": 2005,
          "export_value_usd": 18544960.0407024,
          "yoy_growth_pct": -18.741236839878304,
          "cagr_3y_pct": 16.0495519437843
        },
        {
          "year": 2006,
          "export_value_usd": 19132542.04875169,
          "yoy_growth_pct": 3.1684188413437786,
          "cagr_3y_pct": 0.976148888512629
        },
        {
          "year": 2007,
          "export_value_usd": 33366254.277158305,
          "yoy_growth_pct": 74.39530090741549,
          "cagr_3y_pct": 13.496879281580409
        },
        {
          "year": 2008,
          "export_value_usd": 42073513.41309665,
          "yoy_growth_pct": 26.09600425511087,
          "cagr_3y_pct": 31.399675495543523
        },
        {
          "year": 2009,
          "export_value_usd": 42914946.72614321,
          "yoy_growth_pct": 1.9999121651310459,
          "cagr_3y_pct": 30.90170413449387
        },
        {
          "year": 2010,
          "export_value_usd": 60741141.75444982,
          "yoy_growth_pct": 41.53842982041296,
          "cagr_3y_pct": 22.102671300893228
        },
        {
          "year": 2011,
          "export_value_usd": 60110895.954456985,
          "yoy_growth_pct": -1.0375929424254915,
          "cagr_3y_pct": 12.628458569675804
        },
        {
          "year": 2012,
          "export_value_usd": 72887074.91904686,
          "yoy_growth_pct": 21.254347920998807,
          "cagr_3y_pct": 19.31104456478976
        },
        {
          "year": 2013,
          "export_value_usd": 76547215.41933136,
          "yoy_growth_pct": 5.021659195885797,
          "cagr_3y_pct": 8.014522123984591
        },
        {
          "year": 2014,
          "export_value_usd": 68975687.81837901,
          "yoy_growth_pct": -9.89131682906419,
          "cagr_3y_pct": 4.692188770829242
        },
        {
          "year": 2015,
          "export_value_usd": 57695399.285231024,
          "yoy_growth_pct": -16.354006592656678,
          "cagr_3y_pct": -7.495352216542306
        },
        {
          "year": 2016,
          "export_value_usd": 79591399.21927096,
          "yoy_growth_pct": 37.951032847163106,
          "cagr_3y_pct": 1.3084290419434597
        },
        {
          "year": 2017,
          "export_value_usd": 68859368.47125956,
          "yoy_growth_pct": -13.483907624798885,
          "cagr_3y_pct": -0.056244356239432136
        },
        {
          "year": 2018,
          "export_value_usd": 40352419.96930339,
          "yoy_growth_pct": -41.39879457920728,
          "cagr_3y_pct": -11.234786797519025
        },
        {
          "year": 2019,
          "export_value_usd": 40721583.35770552,
          "yoy_growth_pct": 0.9148482016269499,
          "cagr_3y_pct": -20.019121115711215
        },
        {
          "year": 2020,
          "export_value_usd": 41043986.181640536,
          "yoy_growth_pct": 0.7917246760838603,
          "cagr_3y_pct": -15.841981954355333
        },
        {
          "year": 2021,
          "export_value_usd": 96303660.98258659,
          "yoy_growth_pct": 134.63525339959395,
          "cagr_3y_pct": 33.636288095436015
        },
        {
          "year": 2022,
          "export_value_usd": 87785919.9663953,
          "yoy_growth_pct": -8.844670004530197,
          "cagr_3y_pct": 29.181424586323914
        },
        {
          "year": 2023,
          "export_value_usd": 78708012.60061851,
          "yoy_growth_pct": -10.340960565489132,
          "cagr_3y_pct": 24.238577804191628
        },
        {
          "year": 2024,
          "export_value_usd": 154244247.37726825,
          "yoy_growth_pct": 95.97019703691025,
          "cagr_3y_pct": 17.00077169535199
        }
      ],
      "routeHistoryScope": "Broader Belgium to Uruguay route exports, not only HS 870340."
    },
    "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/870340",
    "workspace": "https://www.yugalinks.com/app?hs=870340",
    "dataSources": "https://www.yugalinks.com/data-sources",
    "methodology": "https://www.yugalinks.com/methodology",
    "markdown": "https://www.yugalinks.com/trade/signal/new-corridor/bel-ury-870340/index.md",
    "json": "https://www.yugalinks.com/trade/signal/new-corridor/bel-ury-870340/index.json",
    "jsonLd": "https://www.yugalinks.com/trade/signal/new-corridor/bel-ury-870340/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": "2026-09-02T11:37:43.188Z"
}