2023
Exports
$77.2BWorld Rnk 12 / 219
Flag Rnk 1 / 96
2023
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.38Rnk 423 / 1025
2023
Imports
$73.5BWorld Rnk 11 / 226
Flag Rnk 1 / 96
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $77.2B in Mineral fuels, mineral oils and products of their distillation, making it the 12th 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: France ($24.7B), Germany ($15.9B), Netherlands ($15.1B), Nigeria ($4.97B), and United Kingdom ($2.58B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Belgium between 2022 and 2023 were France ($13.2B), Poland ($382M), and Togo ($251M).

Imports In 2023, Belgium imported $73.5B in Mineral fuels, mineral oils and products of their distillation, becoming the 11th 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 ($32.9B), Norway ($8.83B), United Kingdom ($7.96B), Qatar ($5.18B), and France ($4.63B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Belgium between 2022 and 2023 were Netherlands ($3.95B), China ($288M), and Algeria ($226M).

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

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€196M(6.95%)
IMPORT GROWTH (November 2023 - November 2024)€-242M(-5.07%)
MAIN DESTINATION (November 2024)Germany€842M

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

Trade Balance

Color
EXPORTS (2023)$77.2B
IMPORTS (2023)$73.5B
NET TRADE (2023)$3.69B

In 2023, Belgium exported $77.2B 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 France ($24.7B), Germany ($15.9B), Netherlands ($15.1B), Nigeria ($4.97B), and United Kingdom ($2.58B).

In 2023, Belgium imported $73.5B in Mineral fuels, mineral oils and products of their distillation, mainly from Netherlands ($32.9B), Norway ($8.83B), United Kingdom ($7.96B), Qatar ($5.18B), and France ($4.63B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$13.2B (116%)
Poland$382M (204%)
Togo$251M (67.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Belgium WERE (2022 - 2023):
Germany-$18.9B (-54.3%)
Netherlands-$2.75B (-15.5%)
Nigeria-$1.43B (-22.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2023, Belgium's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.95B
TOP IMPORT POTENTIALFrance+ $1.41B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Germany. With an export gap of $3.95B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is France with an import gap of $1.41B.

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