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2022
Exports $95.8MWorld Rnk 4 / 106
Flag Rnk 444 / 1213
2022
Destination $10.7M Netherlands
2021 - 2022
FASTEST GROWING MARKET $10.7MNetherlands
2022
PRODUCT COMPLEXITY IN Linseed-0.89Rnk 803 / 1025
2022
Imports $289MWorld Rnk 2 / 184
Flag Rnk 286 / 1214
2022
Origin $53.2M Russia
2021 - 2022
FASTEST GROWING ORIGIN $53.2MKazakhstan
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $95.8M in Linseed, making it the 4th largest exporter of Linseed in the world. At the same year, Linseed was the 444th most exported product in Belgium. The main destination of Linseed exports from Belgium are: Netherlands ($34.9M), Germany ($23.3M), France ($15.6M), United Kingdom ($7.18M), and Denmark ($5.19M).

The fastest growing export markets for Linseed of Belgium between 2021 and 2022 were Netherlands ($10.7M), Germany ($4.24M), and France ($1.3M).

Imports In 2022, Belgium imported $289M in Linseed, becoming the 2nd largest importer of Linseed in the world. At the same year, Linseed was the 286th most imported product in Belgium. Belgium imports Linseed primarily from: Russia ($129M), Kazakhstan ($129M), France ($9.94M), Netherlands ($6.16M), and Poland ($4.37M).

The fastest growing import markets in Linseed for Belgium between 2021 and 2022 were Kazakhstan ($53.2M), Netherlands ($2.78M), and Latvia ($2.74M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Linseed exports accounted up to €6.33M and imports accounted up to €8.75M, resulting in a negative trade balance of €2.42M. Between August 2023 and August 2024 the exports of Belgium's   Linseed have decreased by €-193k (-2.96%) from €6.53M to €6.33M, while imports decreased by €-20.9M (-70.5%) from €29.6M to €8.75M.

Destinations In August 2024, Linseed were exported mostly to Netherlands (€2.41M), Germany (€1.78M), France (€759k), United Kingdom (€450k), and Norway (€271k), and were imported mostly from Kazakhstan (€3M), Latvia (€1.69M), Lithuania (€1.67M), Russia (€987k), and Canada (€886k).

Growth In August 2024, the decrease in Linseed's year-by-year exports was explained primarily by a decrease in exports to Germany (€-845k or -26.2%), United Kingdom (€-359k or -38.1%), and Switzerland (€-193k or -56.2%). In August 2024, the decrease in Linseed's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan (€-3.42M or -52.3%), Poland (€-356k or -80.8%), and United Kingdom (€-315k or -76.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-193k(-2.96%)
IMPORT GROWTH (August 2023 - August 2024)€-20.9M(-70.5%)
MAIN DESTINATION (August 2024)Netherlands€2.41M

This section shows Linseed'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 Linseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$95.8M
IMPORTS (2022)$289M
NET TRADE (2022)-$194M

In 2022, Belgium exported $95.8M in Linseed. The main destinations of Belgium exports on Linseed were Netherlands ($34.9M), Germany ($23.3M), France ($15.6M), United Kingdom ($7.18M), and Denmark ($5.19M).

In 2022, Belgium imported $289M in Linseed, mainly from Russia ($129M), Kazakhstan ($129M), France ($9.94M), Netherlands ($6.16M), and Poland ($4.37M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Linseed EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$10.7M (44%)
Germany$4.24M (22.3%)
France$1.3M (9.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Linseed BY Belgium WERE (2021 - 2022):
United Kingdom-$3.53M (-32.9%)
Spain-$314k (-25.3%)
Italy-$310k (-38.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Linseed were:
Russia $538M
Kazakhstan $385M
Canada $179M
In 2022, Belgium's main importing competitors in Linseed were:
China $367M
United States $234M

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Trade Value of Linseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.18M
TOP IMPORT POTENTIALNetherlands+ $2.13M

Linseed’s highest export potential is Germany. With an export gap of $3.18M.   Linseed’s highest import potential is Netherlands with an import gap of $2.13M.

See methodology.

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