2022
Exports
$1.24BWorld Rnk 7 / 166
Flag Rnk 57 / 1213
2022
PRODUCT COMPLEXITY IN Concentrated Milk
-0.77Rnk 774 / 1025
2022
Imports
$540MWorld Rnk 14 / 224
Flag Rnk 174 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $1.24B in Concentrated Milk, making it the 7th largest exporter of Concentrated Milk in the world. At the same year, Concentrated Milk was the 57th most exported product in Belgium. The main destination of Concentrated Milk exports from Belgium are: Netherlands ($152M), France ($120M), Oman ($112M), Indonesia ($102M), and Italy ($59.2M).

The fastest growing export markets for Concentrated Milk of Belgium between 2021 and 2022 were Oman ($90.2M), France ($44.1M), and Yemen ($19.2M).

Imports In 2022, Belgium imported $540M in Concentrated Milk, becoming the 14th largest importer of Concentrated Milk in the world. At the same year, Concentrated Milk was the 174th most imported product in Belgium. Belgium imports Concentrated Milk primarily from: Netherlands ($188M), Germany ($160M), France ($105M), Ireland ($27.5M), and New Zealand ($10.1M).

The fastest growing import markets in Concentrated Milk for Belgium between 2021 and 2022 were Netherlands ($45.9M), Germany ($21.3M), and Ireland ($19.5M).

COMPANIES In 2023, leading companies such as L'Oreal (1) were at the forefront of shipping Concentrated Milk from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-9.86M(-11.7%)
IMPORT GROWTH (August 2023 - August 2024)€7.96M(29.1%)
MAIN DESTINATION (August 2024)Algeria€9.75M

This section shows Concentrated Milk'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 Concentrated Milk over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.24B
IMPORTS (2022)$540M
NET TRADE (2022)$699M

In 2022, Belgium exported $1.24B in Concentrated Milk. The main destinations of Belgium exports on Concentrated Milk were Netherlands ($152M), France ($120M), Oman ($112M), Indonesia ($102M), and Italy ($59.2M).

In 2022, Belgium imported $540M in Concentrated Milk, mainly from Netherlands ($188M), Germany ($160M), France ($105M), Ireland ($27.5M), and New Zealand ($10.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Concentrated Milk EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Oman$90.2M (423%)
France$44.1M (58.5%)
Yemen$19.2M (125%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Concentrated Milk BY Belgium WERE (2021 - 2022):
Angola-$11.4M (-65.5%)
Iran-$10.8M (-100%)
Algeria-$6.88M (-12.6%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Concentrated Milk were:
In 2022, Belgium's main importing competitors in Concentrated Milk were:
China $3.96B
Algeria $1.62B
Mexico $1.37B

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Trade Value of Concentrated Milk by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $43.1M
TOP IMPORT POTENTIALGermany+ $28.5M

Concentrated Milk’s highest export potential is Germany. With an export gap of $43.1M.   Concentrated Milk’s highest import potential is Germany with an import gap of $28.5M.

See methodology.

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