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2022
ExportsfalseWorld Rnk 10 / 71
Flag Rnk 681 / 1213
2021 - 2022
FASTEST GROWING MARKET $1.54MNetherlands
2022
PRODUCT COMPLEXITY IN Animal Fat0.41Rnk 403 / 1025
2022
Origin $11.6M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.6MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $26.8M in Animal Fat, making it the 10th largest exporter of Animal Fat in the world. At the same year, Animal Fat was the 681st most exported product in Belgium. The main destination of Animal Fat exports from Belgium are: France ($6.72M), Netherlands ($5.76M), Germany ($3.37M), United Kingdom ($2.49M), and Philippines ($1.35M).

The fastest growing export markets for Animal Fat of Belgium between 2021 and 2022 were Netherlands ($1.54M), Germany ($903k), and United Kingdom ($860k).

The fastest growing import markets in Animal Fat for Belgium between 2021 and 2022 were Germany ($11.6M), Poland ($2.52M), and France ($433k).

COMPANIES In 2023, leading companies such as Lineage Cold Storage (1) were at the forefront of shipping Animal Fat from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Animal Fat exports accounted up to €318k and imports accounted up to €510k, resulting in a negative trade balance of €192k. Between May 2023 and May 2024 the exports of Belgium's   Animal Fat have decreased by €-2.78M (-89.7%) from €3.1M to €318k, while imports decreased by €-3.2M (-86.3%) from €3.71M to €510k.

Destinations In May 2024, Animal Fat were exported mostly to Germany (€205k), Austria (€68.8k), Bulgaria (€34k), and Czechia (€9.69k), and were imported mostly from Germany (€508k) and Bulgaria (€1.39k).

Growth In May 2024, the decrease in Animal Fat's year-by-year exports was explained primarily by a decrease in exports to Italy (€-110k or -100%), Spain (€-89.5k or -83.6%), and Philippines (€-40.9k or -61.3%). In May 2024, the decrease in Animal Fat's year-by-year imports was explained primarily by a decrease in imports from Spain (€-6.63k or -18.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-2.78M(-89.7%)
IMPORT GROWTH (May 2023 - May 2024)€-3.2M(-86.3%)
MAIN DESTINATION (May 2024)Germany€205k

This section shows Animal Fat'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 Fat over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$26.8M

In 2022, Belgium exported $26.8M in Animal Fat. The main destinations of Belgium exports on Animal Fat were France ($6.72M), Netherlands ($5.76M), Germany ($3.37M), United Kingdom ($2.49M), and Philippines ($1.35M).

In N/A, Belgium imported N/A in Animal Fat, mainly from Germany ($26M), Italy ($11.2M), Netherlands ($7.49M), France ($3.06M), and Poland ($2.54M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Animal Fat EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$1.54M (36.5%)
Germany$903k (36.7%)
United Kingdom$860k (52.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Animal Fat BY Belgium WERE (2021 - 2022):
Philippines-$1.33M (-49.6%)
Azerbaijan-$321k (-91%)
Denmark-$320k (-40%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Animal Fat were:
Spain $162M
Germany $140M
Canada $92.6M
In 2022, Belgium's main importing competitors in Animal Fat were:
Philippines $76.1M
Japan $59.2M

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Trade Value of Animal Fat by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.1M
TOP IMPORT POTENTIALFrance+ $1.23M

Animal Fat’s highest export potential is Germany. With an export gap of $1.1M.   Animal Fat’s highest import potential is France with an import gap of $1.23M.

See methodology.

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