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2022
Exports $23.2MWorld Rnk 23 / 154
Flag Rnk 713 / 1213
2022
Destination $749k Italy
2021 - 2022
FASTEST GROWING MARKET $749kItaly
2022
PRODUCT COMPLEXITY IN Coconut Oil-1.71Rnk 972 / 1025
2022
Imports $162MWorld Rnk 12 / 212
Flag Rnk 401 / 1214
2022
Origin $24.9M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $24.9MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $23.2M in Coconut Oil, making it the 23rd largest exporter of Coconut Oil in the world. At the same year, Coconut Oil was the 713th most exported product in Belgium. The main destination of Coconut Oil exports from Belgium are: Italy ($6.88M), France ($4.26M), Netherlands ($2.73M), Germany ($2.59M), and Poland ($1.84M).

The fastest growing export markets for Coconut Oil of Belgium between 2021 and 2022 were Italy ($749k), Netherlands ($711k), and Poland ($455k).

Imports In 2022, Belgium imported $162M in Coconut Oil, becoming the 12th largest importer of Coconut Oil in the world. At the same year, Coconut Oil was the 401st most imported product in Belgium. Belgium imports Coconut Oil primarily from: Netherlands ($98M), Papua New Guinea ($25.3M), Malaysia ($16.5M), Spain ($7.26M), and Germany ($4.96M).

The fastest growing import markets in Coconut Oil for Belgium between 2021 and 2022 were Netherlands ($24.9M), Papua New Guinea ($9M), and Malaysia ($6.73M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Coconut Oil exports accounted up to €1.49M and imports accounted up to €8.85M, resulting in a negative trade balance of €7.36M. Between August 2023 and August 2024 the exports of Belgium's   Coconut Oil have increased by €341k (29.9%) from €1.14M to €1.49M, while imports decreased by €-816k (-8.44%) from €9.67M to €8.85M.

Destinations In August 2024, Coconut Oil were exported mostly to Germany (€574k), France (€280k), Netherlands (€172k), United Kingdom (€128k), and Italy (€88.8k), and were imported mostly from Netherlands (€2.63M), Malaysia (€2.63M), Papua New Guinea (€1.2M), Spain (€1.09M), and Philippines (€652k).

Growth In August 2024, the increase in Coconut Oil's year-by-year exports was explained primarily by an increase in exports to Germany (€262k or 433%), France (€105k or 70.2%), and Hungary (€48.9k or 2.87k%). In August 2024, the decrease in Coconut Oil's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-1.58M or -100%), Netherlands (€-382k or -5.77%), and Italy (€-1.92k or -88.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€341k(29.9%)
IMPORT GROWTH (August 2023 - August 2024)€-816k(-8.44%)
MAIN DESTINATION (August 2024)Germany€574k

This section shows Coconut Oil'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 Coconut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$23.2M
IMPORTS (2022)$162M
NET TRADE (2022)-$139M

In 2022, Belgium exported $23.2M in Coconut Oil. The main destinations of Belgium exports on Coconut Oil were Italy ($6.88M), France ($4.26M), Netherlands ($2.73M), Germany ($2.59M), and Poland ($1.84M).

In 2022, Belgium imported $162M in Coconut Oil, mainly from Netherlands ($98M), Papua New Guinea ($25.3M), Malaysia ($16.5M), Spain ($7.26M), and Germany ($4.96M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Coconut Oil EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Italy$749k (12.2%)
Netherlands$711k (35.2%)
Poland$455k (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Coconut Oil BY Belgium WERE (2021 - 2022):
Spain-$508k (-31.7%)
Czechia-$475k (-69.8%)
Sweden-$122k (-83.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Coconut Oil were:
Indonesia $3.41B
Philippines $2.12B
Malaysia $1.64B
In 2022, Belgium's main importing competitors in Coconut Oil were:
United States $1.51B
Netherlands $1.35B
China $1.12B

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Trade Value of Coconut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.32M
TOP IMPORT POTENTIALIndonesia+ $3.89M

Coconut Oil’s highest export potential is Germany. With an export gap of $3.32M.   Coconut Oil’s highest import potential is Indonesia with an import gap of $3.89M.

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