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

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Exports In 2022, Belgium exported $96.9B in Mineral fuels, mineral oils and products of their distillation, making it the 11th 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 1st most exported product in Belgium. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Belgium are: Germany ($33.7B), Netherlands ($22.7B), France ($17.9B), Nigeria ($6.83B), and Luxembourg ($2.74B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Belgium between 2021 and 2022 were Germany ($28.4B), Netherlands ($12.2B), and France ($7.12B).

Imports In 2022, Belgium imported $99.8B in Mineral fuels, mineral oils and products of their distillation, becoming the 12th 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 1st most imported product in Belgium. Belgium imports Mineral fuels, mineral oils and products of their distillation primarily from: Netherlands ($36.4B), Norway ($19.4B), United Kingdom ($9.81B), Russia ($6.64B), and Qatar ($5.38B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Belgium between 2021 and 2022 were Netherlands ($14.2B), Norway ($10B), and United Kingdom ($6.14B).

COMPANIES In 2023, leading companies such as Toyota (36), Chevron (4), and Halyard Health (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Belgium to the United States.

Latest Trends

July 2024

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Overview In July 2024 Belgium's Mineral fuels, mineral oils and products of their distillation exports accounted up to €3.69B and imports accounted up to €4.9B, resulting in a negative trade balance of €1.21B. Between July 2023 and July 2024 the exports of Belgium's Mineral fuels, mineral oils and products of their distillation have increased by €357M (10.7%) from €3.34B to €3.69B, while imports increased by €299M (6.49%) from €4.6B to €4.9B.

Destinations In July 2024, Mineral fuels, mineral oils and products of their distillation were exported mostly to Netherlands (€856M), Germany (€825M), France (€555M), Nigeria (€326M), and Special Categories (€298M), and were imported mostly from Netherlands (€2.63B), Norway (€541M), United Kingdom (€477M), France (€269M), and United States (€189M).

Growth In July 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year exports was explained primarily by an increase in exports to Germany (€514M or 43%), Special Categories (€143M or 65.8%), and Netherlands (€116M or 11.2%). In July 2024, the increase in Mineral fuels, mineral oils and products of their distillation's year-by-year imports was explained primarily by an increase in imports from Qatar (€534M or 260%), United Kingdom (€334M or 73.1%), and Norway (€156M or 10.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (July 2023 - July 2024)€357M(10.7%)

IMPORT GROWTH (July 2023 - July 2024)€299M(6.49%)

MAIN DESTINATION (July 2024)Netherlands€856M

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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