Animal or vegetable fats, oils, & waxes in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $3.37B in Animal or vegetable fats, oils, & waxes, making it the 15th largest exporter of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 26th most exported product in Belgium. The main destination of Animal or vegetable fats, oils, & waxes exports from Belgium are: France ($763M), Netherlands ($715M), Germany ($555M), United Kingdom ($209M), and Spain ($193M).

The fastest growing export markets for Animal or vegetable fats, oils, & waxes of Belgium between 2021 and 2022 were Netherlands ($160M), France ($137M), and Germany ($84.2M).

Imports In 2022, Belgium imported $4.61B in Animal or vegetable fats, oils, & waxes, becoming the 9th largest importer of Animal or vegetable fats, oils, & waxes in the world. At the same year, Animal or vegetable fats, oils, & waxes was the 20th most imported product in Belgium. Belgium imports Animal or vegetable fats, oils, & waxes primarily from: Netherlands ($1.99B), France ($850M), Germany ($585M), Spain ($147M), and China ($124M).

The fastest growing import markets in Animal or vegetable fats, oils, & waxes for Belgium between 2021 and 2022 were Netherlands ($371M), France ($196M), and Germany ($87M).

COMPANIES In 2023, leading companies such as LOREAL USA (42) were at the forefront of shipping Animal or vegetable fats, oils, & waxes from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Animal or vegetable fats, oils, & waxes exports accounted up to €167M and imports accounted up to €246M, resulting in a negative trade balance of €78.4M. Between December 2022 and December 2023 the exports of Belgium's Animal or vegetable fats, oils, & waxes have decreased by €-43M (-20.4%) from €210M to €167M, while imports decreased by €-3.47M (-1.39%) from €249M to €246M.

Destinations In December 2023, Animal or vegetable fats, oils, & waxes were exported mostly to Netherlands (€41.7M), France (€40.6M), Germany (€24.5M), United Kingdom (€15.4M), and Ireland (€6.61M), and were imported mostly from Netherlands (€134M), France (€38M), Germany (€28.3M), Malaysia (€7.43M), and United Kingdom (€6.9M).

Growth In December 2023, the decrease in Animal or vegetable fats, oils, & waxes's year-by-year exports was explained primarily by a decrease in exports to Germany (€-9.94M or -28.9%), Spain (€-3.7M or -39.9%), and Kuwait (€-849k or -89.7%). In December 2023, the decrease in Animal or vegetable fats, oils, & waxes's year-by-year imports was explained primarily by a decrease in imports from France (€-3.07M or -5.61%), United Kingdom (€-2.12M or -49.1%), and Russia (€-1.33M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-43M(-20.4%)

IMPORT GROWTH (December 2022 - December 2023)€-3.47M(-1.39%)

MAIN DESTINATION (December 2023)Netherlands€41.7M

This section shows Animal or vegetable fats, oils, & waxes's exports and imports data at subnational level for Belgium. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Animal or vegetable fats, oils, & waxes over time.

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