HS Icon Mineral fuels, mineral oils and products of their distillation in  Flag Belgium

2019
Exports | Imports
: $35.4B | $41.7B, World Rnk 21 / 218
Flag Rnk 3 / 96 | World Rnk 14 / 225
Flag Rnk 2 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $255M | $170M, Switzerland |  Sweden

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Mineral fuels, mineral oils and products of their distillation
: -2.45, Rnk 96 / 96

Exports In 2019, Belgium exported $35.4B in Mineral fuels, mineral oils and products of their distillation, making it the 21st largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 3rd most exported product in Belgium. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Belgium are: Netherlands ($8.91B), France ($6.99B), Germany ($5.16B), Nigeria ($2.14B), and United States ($1.96B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Belgium between 2018 and 2019 were Switzerland ($255M), Saudi Arabia ($104M), and Singapore ($89.7M).

Imports In 2019, Belgium imported $41.7B in Mineral fuels, mineral oils and products of their distillation, becoming the 14th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most imported product in Belgium. Belgium imports Mineral fuels, mineral oils and products of their distillation primarily from: Netherlands ($18.4B), Norway ($3.49B), United Kingdom ($3.12B), Saudi Arabia ($2.62B), and Russia ($2.49B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Belgium between 2018 and 2019 were Sweden ($170M), India ($147M), and Saudi Arabia ($146M).

Tariffs In 2017, the average tariff for Belgium in Mineral fuels, mineral oils and products of their... was 0.5%. The countries with the highest import tariffs for Mineral fuels, mineral oils and products of their... were Western Sahara (Most Favoured Nation duty rate treatement, 1.7%), Gabon (Most Favoured Nation duty rate treatement, 1.7%), Libya (Most Favoured Nation duty rate treatement, 1.7%), Mayotte (Most Favoured Nation duty rate treatement, 1.7%), and Reunion (Most Favoured Nation duty rate treatement, 1.7%).

June 2021

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (June 2020 - June 2021): €1.04B, (130%)

IMPORT GROWTH (June 2020 - June 2021): €1.98B, (159%)

MAIN DESTINATION (June 2021): Netherlands, €542M

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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Historical Data

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EXPORTS (2019): $35.4B

IMPORTS (2019): $41.7B

NET TRADE (2019): -$6.25B

In 2019, Belgium exported $35.4B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Belgium exports on Mineral fuels, mineral oils and products of their distillation were Netherlands ($8.91B), France ($6.99B), Germany ($5.16B), Nigeria ($2.14B), and United States ($1.96B).

In 2019, Belgium imported $41.7B in Mineral fuels, mineral oils and products of their distillation, mainly from Netherlands ($18.4B), Norway ($3.49B), United Kingdom ($3.12B), Saudi Arabia ($2.62B), and Russia ($2.49B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Mineral fuels, mineral oils and products of their distillation WITH:

Flow

THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Belgium WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, Belgium's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:

In 2019, Belgium's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Mineral fuels, mineral oils and products of their distillation was 0.5%.

The countries with the highest tariffs for Mineral fuels, mineral oils and products of their distillation in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 1.7%), Gabon (Most Favoured Nation duty rate treatement, 1.7%), Libya (Most Favoured Nation duty rate treatement, 1.7%), Mayotte (Most Favoured Nation duty rate treatement, 1.7%), and Reunion (Most Favoured Nation duty rate treatement, 1.7%).