Chocolate Products (Contains Cocoa, >2kg) in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported N/A in Chocolate Products (Contains Cocoa, >2kg), making it the 1st largest exporter of Chocolate Products (Contains Cocoa, >2kg) in the world. At the same year, Chocolate Products (Contains Cocoa, >2kg) was the 29th most exported product in Belgium. The main destination of Chocolate Products (Contains Cocoa, >2kg) exports from Belgium are: Germany ($276M), France ($267M), Netherlands ($180M), United Kingdom ($118M), and Italy ($61.6M).

The fastest growing export markets for Chocolate Products (Contains Cocoa, >2kg) of Belgium between 2021 and 2022 were China ($6.12M), Turkey ($4.09M), and United Arab Emirates ($3.2M).

Imports In 2022, Belgium imported $321M in Chocolate Products (Contains Cocoa, >2kg), becoming the 5th largest importer of Chocolate Products (Contains Cocoa, >2kg) in the world. At the same year, Chocolate Products (Contains Cocoa, >2kg) was the 249th most imported product in Belgium. Belgium imports Chocolate Products (Contains Cocoa, >2kg) primarily from: France ($80.2M), Germany ($65.6M), Italy ($54.4M), Poland ($39.1M), and Spain ($21.4M).

COMPANIES In 2023, leading companies such as Volvo (2.59k), John Deere (1.86k), and Marelli Automotive Lighting (1.72k) were at the forefront of shipping Chocolate Products (Contains Cocoa, >2kg) from Belgium to the United States.

Latest Trends

May 2024

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Overview In May 2024 Belgium's Chocolate Products (Contains Cocoa, >2kg) exports accounted up to €45.8M and imports accounted up to €5.21M, resulting in a positive trade balance of €40.6M. Between May 2023 and May 2024 the exports of Belgium's Chocolate Products (Contains Cocoa, >2kg) have decreased by €-74.2M (-61.8%) from €120M to €45.8M, while imports decreased by €-13.3M (-71.9%) from €18.5M to €5.21M.

Destinations In May 2024, Chocolate Products (Contains Cocoa, >2kg) were exported mostly to Germany (€29.4M), China (€5.07M), Czechia (€2.59M), Canada (€2.51M), and United Arab Emirates (€1.64M), and were imported mostly from Germany (€4.76M), Colombia (€249k), Switzerland (€203k), and Austria (€218).

Growth In May 2024, the decrease in Chocolate Products (Contains Cocoa, >2kg)'s year-by-year exports was explained primarily by a decrease in exports to Poland (€-1.51M or -29%), United States (€-1.14M or -26.7%), and Spain (€-911k or -32.1%). In May 2024, the decrease in Chocolate Products (Contains Cocoa, >2kg)'s year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-784k or -32.5%), Estonia (€-120k or -95.4%), and Spain (€-85.3k or -7.16%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - May 2024)€-74.2M(-61.8%)

IMPORT GROWTH (May 2023 - May 2024)€-13.3M(-71.9%)

MAIN DESTINATION (May 2024)Germany€29.4M

This section shows Chocolate Products (Contains Cocoa, >2kg)'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 Chocolate Products (Contains Cocoa, >2kg) over time.

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