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2022
Exports $209MWorld Rnk 13 / 123
Flag Rnk 293 / 1213
2022
Destination $11.1M Germany
2021 - 2022
FASTEST GROWING MARKET $11.1MGermany
2022
PRODUCT COMPLEXITY IN Inorganic Salts-0.39Rnk 671 / 1025
2022
Imports $130MWorld Rnk 15 / 186
Flag Rnk 448 / 1214
2022
Origin $15.8M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $15.8MChile
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $209M in Inorganic Salts, making it the 13th largest exporter of Inorganic Salts in the world. At the same year, Inorganic Salts was the 293rd most exported product in Belgium. The main destination of Inorganic Salts exports from Belgium are: Germany ($42.6M), United States ($42.6M), Poland ($15M), France ($13.8M), and India ($11.1M).

The fastest growing export markets for Inorganic Salts of Belgium between 2021 and 2022 were Germany ($11.1M), United States ($8.41M), and Sweden ($7.34M).

Imports In 2022, Belgium imported $130M in Inorganic Salts, becoming the 15th largest importer of Inorganic Salts in the world. At the same year, Inorganic Salts was the 448th most imported product in Belgium. Belgium imports Inorganic Salts primarily from: Netherlands ($26.8M), United States ($19.4M), Chile ($19M), Germany ($15.4M), and China ($14.9M).

The fastest growing import markets in Inorganic Salts for Belgium between 2021 and 2022 were Chile ($15.8M), China ($10.3M), and Germany ($5.6M).

COMPANIES In 2023, leading companies such as TE Connectivity (2) were at the forefront of shipping Inorganic Salts from Belgium to the United States.

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Inorganic Salts exports accounted up to €8.15M and imports accounted up to €8.18M, resulting in a negative trade balance of €26.3k. Between September 2023 and September 2024 the exports of Belgium's   Inorganic Salts have decreased by €-1.17M (-12.6%) from €9.32M to €8.15M, while imports increased by €1.36M (20%) from €6.81M to €8.18M.

Destinations In September 2024, Inorganic Salts were exported mostly to Mexico (€1.57M), Germany (€1.49M), Italy (€1.41M), France (€1.38M), and United Kingdom (€1.29M), and were imported mostly from China (€2.92M), Germany (€1.47M), Netherlands (€1.36M), France (€618k), and Australia (€484k).

Growth In September 2024, the decrease in Inorganic Salts's year-by-year exports was explained primarily by a decrease in exports to United States (€-1.33M or -32%), Brazil (€-600k or -73.9%), and Netherlands (€-313k or -59.4%). In September 2024, the increase in Inorganic Salts's year-by-year imports was explained primarily by an increase in imports from Germany (€1.36M or 143%), Austria (€425k or 5.63k%), and United States (€195k or 162%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-1.17M(-12.6%)
IMPORT GROWTH (September 2023 - September 2024)€1.36M(20%)
MAIN DESTINATION (September 2024)Mexico€1.57M

This section shows Inorganic Salts'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 Inorganic Salts over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$209M
IMPORTS (2022)$130M
NET TRADE (2022)$79.6M

In 2022, Belgium exported $209M in Inorganic Salts. The main destinations of Belgium exports on Inorganic Salts were Germany ($42.6M), United States ($42.6M), Poland ($15M), France ($13.8M), and India ($11.1M).

In 2022, Belgium imported $130M in Inorganic Salts, mainly from Netherlands ($26.8M), United States ($19.4M), Chile ($19M), Germany ($15.4M), and China ($14.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Inorganic Salts EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$11.1M (35.2%)
United States$8.41M (24.6%)
Sweden$7.34M (388%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Inorganic Salts BY Belgium WERE (2021 - 2022):
Russia-$5.49M (-88.5%)
United Kingdom-$4.21M (-54%)
Chile-$1.27M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Inorganic Salts were:
China $5.51B
United States $811M
Chile $769M
In 2022, Belgium's main importing competitors in Inorganic Salts were:
South Korea $4.02B
Japan $1.53B
China $856M

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Trade Value of Inorganic Salts by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $10.2M
TOP IMPORT POTENTIALChina+ $8.14M

Inorganic Salts’s highest export potential is Germany. With an export gap of $10.2M.   Inorganic Salts’s highest import potential is China with an import gap of $8.14M.

See methodology.

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