Bovine in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $217M in Bovine, making it the 13th largest exporter of Bovine in the world. At the same year, Bovine was the 284th most exported product in Belgium. The main destination of Bovine exports from Belgium are: Netherlands ($161M), France ($37.6M), Italy ($6.4M), Germany ($4.22M), and Spain ($2.96M).

The fastest growing export markets for Bovine of Belgium between 2021 and 2022 were Netherlands ($27.1M), Germany ($3.15M), and United Kingdom ($1.45M).

Imports In 2022, Belgium imported $200M in Bovine, becoming the 10th largest importer of Bovine in the world. At the same year, Bovine was the 356th most imported product in Belgium. Belgium imports Bovine primarily from: Netherlands ($138M), France ($33.9M), Luxembourg ($14.7M), Germany ($8.94M), and Czechia ($1.67M).

The fastest growing import markets in Bovine for Belgium between 2021 and 2022 were France ($13.6M), Luxembourg ($3.13M), and Czechia ($1.02M).

COMPANIES In 2023, leading companies such as Dow Chemical (2) and GE RENEWABLES NORTH AMERICA LLC (1) were at the forefront of shipping Bovine from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Bovine exports accounted up to €14M and imports accounted up to €16.6M, resulting in a negative trade balance of €2.57M. Between August 2023 and August 2024 the exports of Belgium's Bovine have decreased by €-947k (-6.34%) from €14.9M to €14M, while imports increased by €3.67M (28.5%) from €12.9M to €16.6M.

Destinations In August 2024, Bovine were exported mostly to Netherlands (€9.68M), Italy (€1.97M), France (€1.45M), Croatia (€386k), and Lebanon (€175k), and were imported mostly from Netherlands (€15.7M), Luxembourg (€373k), France (€306k), and Germany (€145k).

Growth In August 2024, the decrease in Bovine's year-by-year exports was explained primarily by a decrease in exports to Italy (€-396k or -41.6%), Poland (€-13k or -13.3%), and United Kingdom (€-11.8k or -5.51%). In August 2024, the increase in Bovine's year-by-year imports was explained primarily by an increase in imports from Netherlands (€1.2M or 16.6%), France (€484k or 84%), and Luxembourg (€447k or 80.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (August 2023 - August 2024)€-947k(-6.34%)

IMPORT GROWTH (August 2023 - August 2024)€3.67M(28.5%)

MAIN DESTINATION (August 2024)Netherlands€9.68M

This section shows Bovine'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 Bovine over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$217M

IMPORTS (2022)$200M

NET TRADE (2022)$17.3M

In 2022, Belgium exported $217M in Bovine. The main destinations of Belgium exports on Bovine were Netherlands ($161M), France ($37.6M), Italy ($6.4M), Germany ($4.22M), and Spain ($2.96M).

In 2022, Belgium imported $200M in Bovine, mainly from Netherlands ($138M), France ($33.9M), Luxembourg ($14.7M), Germany ($8.94M), and Czechia ($1.67M).

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