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2022
Exports $849MWorld Rnk 2 / 155
Flag Rnk 89 / 1213
2022
Destination $78.7M France
2021 - 2022
FASTEST GROWING MARKET $78.7MFrance
2022
PRODUCT COMPLEXITY IN Margarine-0.83Rnk 786 / 1025
2022
Imports $167MWorld Rnk 10 / 219
Flag Rnk 394 / 1214
2022
Origin $7.37M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $7.37MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $849M in Margarine, making it the 2nd largest exporter of Margarine in the world. At the same year, Margarine was the 89th most exported product in Belgium. The main destination of Margarine exports from Belgium are: France ($279M), Netherlands ($130M), Germany ($107M), Ireland ($79.9M), and United Kingdom ($60.5M).

The fastest growing export markets for Margarine of Belgium between 2021 and 2022 were France ($78.7M), Germany ($19.9M), and Ireland ($15.9M).

Imports In 2022, Belgium imported $167M in Margarine, becoming the 10th largest importer of Margarine in the world. At the same year, Margarine was the 394th most imported product in Belgium. Belgium imports Margarine primarily from: Netherlands ($98.1M), Germany ($35.8M), Denmark ($9.38M), France ($8.33M), and Sweden ($5.03M).

The fastest growing import markets in Margarine for Belgium between 2021 and 2022 were Germany ($7.37M), France ($5.68M), and Denmark ($2.64M).

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Margarine exports accounted up to €59.2M and imports accounted up to €9.94M, resulting in a positive trade balance of €49.3M. Between September 2023 and September 2024 the exports of Belgium's   Margarine have increased by €7.28M (14%) from €51.9M to €59.2M, while imports decreased by €-143k (-1.42%) from €10.1M to €9.94M.

Destinations In September 2024, Margarine were exported mostly to France (€19.3M), Germany (€10.8M), Netherlands (€7.99M), Ireland (€7.19M), and United Kingdom (€3.77M), and were imported mostly from Netherlands (€6.03M), Denmark (€831k), Germany (€689k), Malaysia (€474k), and Spain (€427k).

Growth In September 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to France (€8.53M or 42.1%), Ireland (€2.6M or 53.7%), and United Kingdom (€2.16M or 59.9%). In September 2024, the decrease in Margarine's year-by-year imports was explained primarily by a decrease in imports from Sweden (€-34.9k or -12.3%), Finland (€-16.5k or -31.6%), and Ireland (€-10.8k or -37.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€7.28M(14%)
IMPORT GROWTH (September 2023 - September 2024)€-143k(-1.42%)
MAIN DESTINATION (September 2024)France€19.3M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$849M
IMPORTS (2022)$167M
NET TRADE (2022)$682M

In 2022, Belgium exported $849M in Margarine. The main destinations of Belgium exports on Margarine were France ($279M), Netherlands ($130M), Germany ($107M), Ireland ($79.9M), and United Kingdom ($60.5M).

In 2022, Belgium imported $167M in Margarine, mainly from Netherlands ($98.1M), Germany ($35.8M), Denmark ($9.38M), France ($8.33M), and Sweden ($5.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$78.7M (39.3%)
Germany$19.9M (22.8%)
Ireland$15.9M (24.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Belgium WERE (2021 - 2022):
Russia-$1.9M (-47.9%)
Portugal-$1.47M (-29%)
Sweden-$516k (-11.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Margarine were:
Indonesia $1.98B
Netherlands $805M
In 2022, Belgium's main importing competitors in Margarine were:
China $1.33B
France $570M
Germany $519M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $31.1M
TOP IMPORT POTENTIALGermany+ $9.2M

Margarine’s highest export potential is Germany. With an export gap of $31.1M.   Margarine’s highest import potential is Germany with an import gap of $9.2M.

See methodology.

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