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2022
Exports $142MWorld Rnk 2 / 104
Flag Rnk 374 / 1213
2022
Destination $28.7MN/A
2021 - 2022
FASTEST GROWING MARKET $28.7MGermany
2022
Imports $42MWorld Rnk 4 / 185
Flag Rnk 696 / 1214
2022
Origin $11.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.1MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

The fastest growing export markets for Nitric Acids of Belgium between 2021 and 2022 were Germany ($28.7M), Netherlands ($16.1M), and France ($13.4M).

Imports In 2022, Belgium imported $42M in Nitric Acids, becoming the 4th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 696th most imported product in Belgium. Belgium imports Nitric Acids primarily from: Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

The fastest growing import markets in Nitric Acids for Belgium between 2021 and 2022 were Germany ($11.1M), Czechia ($14.2k), and Spain ($9.65k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Nitric Acids exports accounted up to €809k and imports accounted up to €3.19M, resulting in a negative trade balance of €2.38M. Between May 2023 and May 2024 the exports of Belgium's   Nitric Acids have decreased by €-2.83M (-77.8%) from €3.64M to €809k, while imports decreased by €-1.26M (-28.4%) from €4.45M to €3.19M.

Destinations In May 2024, Nitric Acids were exported mostly to Germany (€667k), Switzerland (€67.9k), Cote d'Ivoire (€21.2k), Austria (€19.3k), and Burkina Faso (€11.7k), and were imported mostly from Germany (€3.14M) and Czechia (€50.5k).

Growth In May 2024, the decrease in Nitric Acids's year-by-year exports was explained primarily by a decrease in exports to France (€-1.08M or -38.9%), Netherlands (€-367k or -21.9%), and Spain (€-103k or -27.1%). In May 2024, the decrease in Nitric Acids's year-by-year imports was explained primarily by a decrease in imports from Germany (€-367k or -13.6%) and France (€-7.72k or -12.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-2.83M(-77.8%)
IMPORT GROWTH (May 2023 - May 2024)€-1.26M(-28.4%)
MAIN DESTINATION (May 2024)Germany€667k

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$142M
IMPORTS (2022)$42M
NET TRADE (2022)$100M

In 2022, Belgium imported $42M in Nitric Acids, mainly from Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$28.7M (92.1%)
Netherlands$16.1M (157%)
France$13.4M (89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Belgium WERE (2021 - 2022):
New Zealand-$405k (-79.1%)
Poland-$350k (-61.4%)
Chinese Taipei-$276k (-74.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Nitric Acids were:
South Korea $154M
Germany $100M
In 2022, Belgium's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $375k
TOP IMPORT POTENTIALFrance+ $510k

Nitric Acids’s highest export potential is United Kingdom. With an export gap of $375k.   Nitric Acids’s highest import potential is France with an import gap of $510k.

See methodology.

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