Rubber & articles thereof in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $3.85B in Rubber & articles thereof, making it the 18th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 21st most exported product in Belgium. The main destination of Rubber & articles thereof exports from Belgium are: Germany ($575M), France ($521M), Netherlands ($500M), Luxembourg ($358M), and Italy ($252M).

The fastest growing export markets for Rubber & articles thereof of Belgium between 2021 and 2022 were Luxembourg ($45.6M), Turkey ($35M), and Germany ($24.1M).

Imports In 2022, Belgium imported $4.91B in Rubber & articles thereof, becoming the 13th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 18th most imported product in Belgium. Belgium imports Rubber & articles thereof primarily from: Germany ($619M), United States ($469M), France ($407M), Netherlands ($375M), and United Kingdom ($333M).

The fastest growing import markets in Rubber & articles thereof for Belgium between 2021 and 2022 were United States ($104M), Japan ($69.8M), and Netherlands ($33.5M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (5.49k), PIRELLI TIRE LLC (1.85k), and AGCO CORPORATION (1.77k) were at the forefront of shipping Rubber & articles thereof from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Rubber & articles thereof exports accounted up to €232M and imports accounted up to €251M, resulting in a negative trade balance of €18.9M. Between December 2022 and December 2023 the exports of Belgium's Rubber & articles thereof have decreased by €-40.3M (-14.8%) from €272M to €232M, while imports decreased by €-32.4M (-11.5%) from €283M to €251M.

Destinations In December 2023, Rubber & articles thereof were exported mostly to Germany (€34M), France (€31.9M), Netherlands (€29.7M), Luxembourg (€19.9M), and Sweden (€17.1M), and were imported mostly from Germany (€31.1M), France (€28.9M), Netherlands (€22.1M), Italy (€14.3M), and Poland (€13.3M).

Growth In December 2023, the decrease in Rubber & articles thereof's year-by-year exports was explained primarily by a decrease in exports to Russia (€-3.57M or -86.9%), Japan (€-2.9M or -78.5%), and India (€-2.77M or -55.6%). In December 2023, the decrease in Rubber & articles thereof's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-9.52M or -92.9%), Germany (€-2.94M or -8.26%), and Malaysia (€-2.24M or -33.1%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-40.3M(-14.8%)

IMPORT GROWTH (December 2022 - December 2023)€-32.4M(-11.5%)

MAIN DESTINATION (December 2023)Germany€34M

This section shows Rubber & articles thereof'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 Rubber & articles thereof over time.

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