Crude Petroleum in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $78.8M in Crude Petroleum, making it the 77th largest exporter of Crude Petroleum in the world. At the same year, Crude Petroleum was the 480th most exported product in Belgium. The main destination of Crude Petroleum exports from Belgium are: Netherlands ($60.7M), Spain ($14.2M), Gibraltar ($3.51M), France ($431k), and Denmark ($11.1k).

The fastest growing export markets for Crude Petroleum of Belgium between 2021 and 2022 were Netherlands ($30.2M), Gibraltar ($3.51M), and Moldova ($2.74k).

Imports In 2022, Belgium imported $15.1B in Crude Petroleum, becoming the 18th largest importer of Crude Petroleum in the world. At the same year, Crude Petroleum was the 6th most imported product in Belgium. Belgium imports Crude Petroleum primarily from: Netherlands ($14.5B), United Kingdom ($174M), Nigeria ($148M), United States ($66.9M), and Algeria ($56.7M).

The fastest growing import markets in Crude Petroleum for Belgium between 2021 and 2022 were Netherlands ($7.77B), Nigeria ($90M), and Algeria ($34M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Crude Petroleum from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Crude Petroleum exports accounted up to €8.36M and imports accounted up to €1.69B, resulting in a negative trade balance of €1.68B. Between December 2022 and December 2023 the exports of Belgium's Crude Petroleum have increased by €3.93M (88.7%) from €4.43M to €8.36M, while imports decreased by €-20.5M (-1.2%) from €1.71B to €1.69B.

Destinations In December 2023, Crude Petroleum were exported mostly to Netherlands (€8.36M), Luxembourg (€1.03k), France (€42), United Kingdom (€21), and Singapore (€3), and were imported mostly from Netherlands (€1.66B), Trinidad and Tobago (€17.6M), Algeria (€7.02M), France (€2.19M), and United Kingdom (€231k).

Growth In December 2023, the increase in Crude Petroleum's year-by-year exports was explained primarily by an increase in exports to France (€34 or 309%) and United Kingdom (€3 or 60%). In December 2023, the decrease in Crude Petroleum's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-2.91M or -87%) and United States (€-1.81M or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€3.93M(88.7%)

IMPORT GROWTH (December 2022 - December 2023)€-20.5M(-1.2%)

MAIN DESTINATION (December 2023)Netherlands€8.36M

This section shows Crude Petroleum'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 Crude Petroleum over time.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$78.8M

IMPORTS (2022)$15.1B

NET TRADE (2022)-$15B

In 2022, Belgium exported $78.8M in Crude Petroleum. The main destinations of Belgium exports on Crude Petroleum were Netherlands ($60.7M), Spain ($14.2M), Gibraltar ($3.51M), France ($431k), and Denmark ($11.1k).

In 2022, Belgium imported $15.1B in Crude Petroleum, mainly from Netherlands ($14.5B), United Kingdom ($174M), Nigeria ($148M), United States ($66.9M), and Algeria ($56.7M).

Explore Visualizations