Cocoa & cocoa preparations in Belgium 2021 Exports | Imports : $3.54B | $2.54B, World Rnk 4 / 199 Rnk 22 / 96 | World Rnk 6 / 223 Rnk 30 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $83.8M | $109M, Netherlands | Netherlands
2021 ECONOMIC COMPLEXITY of Belgium: 1.28, Rnk 18 / 131
2021 PRODUCT COMPLEXITY IN Cocoa & cocoa preparations: 0.16, Rnk 492 / 1029
Exports In 2021, Belgium exported $3.54B in Cocoa & cocoa preparations, making it the 4th largest exporter of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 22nd most exported product in Belgium. The main destination of Cocoa & cocoa preparations exports from Belgium are: Netherlands ($639M), France ($582M), Germany ($547M), United Kingdom ($288M), and United States ($156M).
The fastest growing export markets for Cocoa & cocoa preparations of Belgium between 2020 and 2021 were Netherlands ($83.8M), France ($77.7M), and Germany ($65M).
Imports In 2021, Belgium imported $2.54B in Cocoa & cocoa preparations, becoming the 6th largest importer of Cocoa & cocoa preparations in the world. At the same year, Cocoa & cocoa preparations was the 30th most imported product in Belgium. Belgium imports Cocoa & cocoa preparations primarily from: Netherlands ($760M), Germany ($525M), France ($406M), Cote d'Ivoire ($188M), and Italy ($115M).
The fastest growing import markets in Cocoa & cocoa preparations for Belgium between 2020 and 2021 were Netherlands ($109M), Germany ($47.3M), and Dominican Republic ($23.9M).
Tariffs In 2017, the average tariff for Belgium in Cocoa & cocoa preparations was 5.4%. The countries with the highest import tariffs for Cocoa & cocoa preparations were Ukraine (European Union Generalized System of Preference, 23.1%), Mexico (Most Favoured Nation duty rate treatment, 15.6%), Faroe Islands (Preferential tariff for Faroe Islands, 13.9%), Egypt (Most Favoured Nation duty rate treatment, 13.8%), and Western Sahara (Most Favoured Nation duty rate treatment, 13.1%).
February 2023
Overview In February 2023 Belgium's Cocoa & cocoa preparations exports accounted up to €259M and imports accounted up to €173M, resulting in a positive trade balance of €86.5M. Between February 2022 and February 2023 the exports of Belgium's Cocoa & cocoa preparations have increased by €40M (18.3%) from €219M to €259M, while imports decreased by €-4.05M (-2.29%) from €177M to €173M.
Destinations In February 2023, Cocoa & cocoa preparations were exported mostly to Netherlands (€56.9M), France (€37.2M), Germany (€34.3M), United Kingdom (€16.9M), and United States (€9.31M), and were imported mostly from Netherlands (€61.8M), France (€28.8M), Germany (€24.4M), Cote d'Ivoire (€16M), and Poland (€6.74M).
Growth In February 2023, the increase in Cocoa & cocoa preparations's year-by-year exports was explained primarily by an increase in exports to France (€3.31M or 11.4%), Netherlands (€2.51M or 5.38%), and United Arab Emirates (€1.28M or 212%). In February 2023, the decrease in Cocoa & cocoa preparations's year-by-year imports was explained primarily by a decrease in imports from Nigeria (€-1.23M or -69%), Tanzania (€-1.13M or -86.9%), and Cameroon (€-687k or -76%).
EXPORT GROWTH (February 2022 - February 2023): €40M, (18.3%)
IMPORT GROWTH (February 2022 - February 2023): €-4.05M, (-2.29%)
MAIN DESTINATION (February 2023): Netherlands, €56.9M
This section shows Cocoa & cocoa preparations'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 Cocoa & cocoa preparations over time.
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EXPORTS (2021): $3.54B
IMPORTS (2021): $2.54B
NET TRADE (2021): $999M
In 2021, Belgium exported $3.54B in Cocoa & cocoa preparations. The main destinations of Belgium exports on Cocoa & cocoa preparations were Netherlands ($639M), France ($582M), Germany ($547M), United Kingdom ($288M), and United States ($156M).
In 2021, Belgium imported $2.54B in Cocoa & cocoa preparations, mainly from Netherlands ($760M), Germany ($525M), France ($406M), Cote d'Ivoire ($188M), and Italy ($115M).
THE FASTEST GROWING Cocoa & cocoa preparations EXPORT MARKETS FOR Belgium WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cocoa & cocoa preparations BY Belgium WERE (2020 - 2021):
In 2021, Belgium's main exporting competitors in Cocoa & cocoa preparations were:
In 2021, Belgium's main importing competitors in Cocoa & cocoa preparations were:
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