Organic chemicals in Belgium

PRODUCT COMPLEXITY  IN Organic chemicals (2018): 0.5, Rnk 32 / 96

Overview: This page contains the latest trade data of Organic chemicals in Belgium.

Tariffs: In 2017, the average tariff for Belgium in Organic chemicals was 1.92%. The countries with the highest import tariffs for Organic chemicals were Western Sahara (5.73%), Gabon (5.73%), Libya (5.73%), Mayotte (5.73%), and Reunion (5.73%).

Overview: In July 2020 Belgium's Organic chemicals exports accounted up to €4.52B and imports accounted up to €3.83B, resulting in a positive trade balance of €693M. Between July 2019 and July 2020 the exports of Belgium's   Organic chemicals have decreased by €-190M (-4.03%) from €4.71B to €4.52B, while imports decreased by €-581M (-13.2%) from €4.41B to €3.83B.

Destinations: In July 2020 Organic chemicals exported mostly to India (€665M), United States (€546M), Brazil (€272M), Japan (€255M), and South Korea (€239M), and imported mostly from South Korea (€683M), Japan (€387M), Saudi Arabia (€357M), Taiwan (€330M), and India (€244M).

Growth: In July 2020, the decrease in Organic chemicals's year-by-year exports was explained primarily by a decrease in exports to India (€-83.6M or -11.2%), Japan (€-46.4M or -15.4%), and South Korea (€-38.3M or -13.8%). In July 2020, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from South Korea (€-167M or -19.7%), Saudi Arabia (€-159M or -30.8%), and Taiwan (€-92.8M or -22%).

Subnational Monthly Trade

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Flow
Value

EXPORT GROWTH (July 2019 - July 2020): €-190M, (-4.03%)

IMPORT GROWTH (July 2019 - July 2020): €-581M, (-13.2%)

MAIN DESTINATION (July 2020): India, €665M

This section shows Organic chemicals'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 Organic chemicals over time.

Trade Forecasts

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Time

This section shows forecasts for total exports and imports, for Organic chemicals in Belgium. The forecast is based on a short-term, medium-term and long-term model using yearly trade data.

Explore Forecasts

Tariffs by Country

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In 2017, the average tariff for Belgium in Organic chemicals was 1.92%.

The countries with the highest tariffs for Organic chemicals in Belgium were Western Sahara (5.73%), Gabon (5.73%), Libya (5.73%), Mayotte (5.73%), and Reunion (5.73%).

Explore Tariff Data