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2022
Exports $3.01BWorld Rnk 2 / 196
Flag Rnk 19 / 1213
2022
Destination $11.5M Netherlands
2021 - 2022
FASTEST GROWING MARKET $11.5MUnited States
2022
PRODUCT COMPLEXITY IN Chocolate0.14Rnk 508 / 1025
2022
Imports $1.12BWorld Rnk 7 / 225
Flag Rnk 71 / 1214
2022
Origin $38.2M Germany
2021 - 2022
FASTEST GROWING ORIGIN $38.2MSweden
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $3.01B in Chocolate, making it the 2nd largest exporter of Chocolate in the world. At the same year, Chocolate was the 19th most exported product in Belgium. The main destination of Chocolate exports from Belgium are: Netherlands ($575M), France ($481M), Germany ($425M), United Kingdom ($243M), and United States ($164M).

The fastest growing export markets for Chocolate of Belgium between 2021 and 2022 were United States ($11.5M), Sweden ($6.85M), and Kuwait ($6.74M).

Imports In 2022, Belgium imported $1.12B in Chocolate, becoming the 7th largest importer of Chocolate in the world. At the same year, Chocolate was the 71st most imported product in Belgium. Belgium imports Chocolate primarily from: Germany ($288M), Netherlands ($227M), France ($178M), Poland ($106M), and Italy ($100M).

The fastest growing import markets in Chocolate for Belgium between 2021 and 2022 were Sweden ($38.2M), Poland ($21.3M), and Germany ($14.6M).

COMPANIES In 2023, leading companies such as Barry Callebaut (276), IKEA Group (79), and Costco Wholesale (37) were at the forefront of shipping Chocolate from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Chocolate exports accounted up to €333M and imports accounted up to €113M, resulting in a positive trade balance of €220M. Between July 2023 and July 2024 the exports of Belgium's   Chocolate have increased by €101M (43.7%) from €232M to €333M, while imports increased by €36.4M (47.8%) from €76.2M to €113M.

Destinations In July 2024, Chocolate were exported mostly to Netherlands (€54.2M), Germany (€50.1M), France (€45.8M), United Kingdom (€30.2M), and United States (€19.4M), and were imported mostly from Poland (€23.7M), Germany (€20.5M), Netherlands (€20.3M), France (€16.9M), and Italy (€9.34M).

Growth In July 2024, the increase in Chocolate's year-by-year exports was explained primarily by an increase in exports to Germany (€10.1M or 36.8%), Netherlands (€7.75M or 16%), and United Kingdom (€3.29M or 17.5%). In July 2024, the increase in Chocolate's year-by-year imports was explained primarily by an increase in imports from Netherlands (€8.06M or 62.8%), Germany (€4.19M or 27%), and Poland (€1.97M or 34.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€101M(43.7%)
IMPORT GROWTH (July 2023 - July 2024)€36.4M(47.8%)
MAIN DESTINATION (July 2024)Netherlands€54.2M

This section shows Chocolate'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.01B
IMPORTS (2022)$1.12B
NET TRADE (2022)$1.89B

In 2022, Belgium exported $3.01B in Chocolate. The main destinations of Belgium exports on Chocolate were Netherlands ($575M), France ($481M), Germany ($425M), United Kingdom ($243M), and United States ($164M).

In 2022, Belgium imported $1.12B in Chocolate, mainly from Germany ($288M), Netherlands ($227M), France ($178M), Poland ($106M), and Italy ($100M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$11.5M (7.53%)
Sweden$6.85M (28.4%)
Kuwait$6.74M (44.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Belgium WERE (2021 - 2022):
Germany-$58.9M (-12.2%)
Netherlands-$45M (-7.26%)
United Kingdom-$40.8M (-14.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Chocolate were:
Germany $5.61B
Italy $2.46B
In 2022, Belgium's main importing competitors in Chocolate were:
United States $3.81B
Germany $2.53B
France $2.33B

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $167M
TOP IMPORT POTENTIALGermany+ $99.8M

Chocolate’s highest export potential is Germany. With an export gap of $167M.   Chocolate’s highest import potential is Germany with an import gap of $99.8M.

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