Methanal in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $20.1M in Methanal , making it the 2nd largest exporter of Methanal in the world. At the same year, Methanal was the 1532nd most exported product in Belgium. The main destination of Methanal exports from Belgium are: Netherlands ($8.33M), France ($4.72M), Germany ($2.35M), Nigeria ($1.37M), and United Kingdom ($1.22M).

The fastest growing export markets for Methanal of Belgium between 2021 and 2022 were France ($1.48M), Germany ($1.33M), and United Kingdom ($415k).

Imports In 2022, Belgium imported $12.8M in Methanal , becoming the 3rd largest importer of Methanal in the world. At the same year, Methanal was the 2254th most imported product in Belgium. Belgium imports Methanal primarily from: Netherlands ($10.4M), Germany ($1.47M), Poland ($742k), France ($87.8k), and United Kingdom ($77.9k).

The fastest growing import markets in Methanal for Belgium between 2021 and 2022 were Netherlands ($2.3M), United Kingdom ($34.3k), and Ireland ($17k).

COMPANIES In 2023, leading companies such as Volvo (2.59k), John Deere (1.86k), and Marelli Automotive Lighting (1.72k) were at the forefront of shipping Methanal from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Methanal exports accounted up to €5.37k and imports accounted up to €161k, resulting in a negative trade balance of €156k. Between May 2023 and May 2024 the exports of Belgium's Methanal have decreased by €-1.84M (-99.7%) from €1.85M to €5.37k, while imports decreased by €-900k (-84.8%) from €1.06M to €161k.

Destinations In May 2024, Methanal were exported mostly to Austria (€2.15k), Switzerland (€2k), Democratic Republic of the Congo (€920), Czechia (€278), and Australia (€27), and were imported mostly from .

Growth In May 2024, the decrease in Methanal 's year-by-year exports was explained primarily by a decrease in exports to Switzerland (€-51.5k or -93.8%), United States (€-8.93k or -86.2%), and Sweden (€-1.64k or -40.6%). In April 2024, the decrease in Methanal 's year-by-year imports was explained primarily by a decrease in imports from Germany (€-569k or -52.3%), Netherlands (€-40.3k or -15.9%), and United Kingdom (€-17.2k or -82.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - May 2024)€-1.84M(-99.7%)

IMPORT GROWTH (April 2023 - April 2024)€-900k(-84.8%)

MAIN DESTINATION (May 2024)Austria€2.15k

This section shows Methanal '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 Methanal over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$20.1M

IMPORTS (2022)$12.8M

NET TRADE (2022)$7.36M

In 2022, Belgium exported $20.1M in Methanal . The main destinations of Belgium exports on Methanal were Netherlands ($8.33M), France ($4.72M), Germany ($2.35M), Nigeria ($1.37M), and United Kingdom ($1.22M).

In 2022, Belgium imported $12.8M in Methanal , mainly from Netherlands ($10.4M), Germany ($1.47M), Poland ($742k), France ($87.8k), and United Kingdom ($77.9k).

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