2023
Exports
$2.49BWorld Rnk 12 / 153
Flag Rnk 23 / 1216
2023
PRODUCT COMPLEXITY IN Nitrogen Heterocyclic Compounds
1.11Rnk 141 / 1025
2023
Imports
$13.2BWorld Rnk 4 / 208
Flag Rnk 7 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $2.49B in Nitrogen Heterocyclic Compounds, making it the 12th largest exporter of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 23rd most exported product in Belgium. The main destination of Nitrogen Heterocyclic Compounds exports from Belgium are: Germany ($618M), Italy ($442M), Panama ($423M), United States ($326M), and France ($265M).

The fastest growing export markets for Nitrogen Heterocyclic Compounds of Belgium between 2022 and 2023 were Panama ($423M), Germany ($60M), and Algeria ($12.6M).

Imports In 2023, Belgium imported $13.2B in Nitrogen Heterocyclic Compounds, becoming the 4th largest importer of Nitrogen Heterocyclic Compounds in the world. At the same year, Nitrogen Heterocyclic Compounds was the 7th most imported product in Belgium. Belgium imports Nitrogen Heterocyclic Compounds primarily from: Austria ($4.98B), Ireland ($3.95B), France ($1.87B), Spain ($542M), and Sweden ($436M).

The fastest growing import markets in Nitrogen Heterocyclic Compounds for Belgium between 2022 and 2023 were Austria ($4.86B), France ($1.72B), and Ireland ($257M).

COMPANIES In 2023, leading companies such as Volvo (2) and NOURYON FUNCTIONAL CHEMICALS LLC (1) were at the forefront of shipping Nitrogen Heterocyclic Compounds from Belgium to the United States.

Latest Trends

October 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€10.2M(7.19%)
IMPORT GROWTH (October 2023 - October 2024)€-896M(-87.2%)
MAIN DESTINATION (October 2024)United States€59M

This section shows Nitrogen Heterocyclic Compounds'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 Nitrogen Heterocyclic Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$2.49B
IMPORTS (2023)$13.2B
NET TRADE (2023)-$10.7B

In 2023, Belgium exported $2.49B in Nitrogen Heterocyclic Compounds. The main destinations of Belgium exports on Nitrogen Heterocyclic Compounds were Germany ($618M), Italy ($442M), Panama ($423M), United States ($326M), and France ($265M).

In 2023, Belgium imported $13.2B in Nitrogen Heterocyclic Compounds, mainly from Austria ($4.98B), Ireland ($3.95B), France ($1.87B), Spain ($542M), and Sweden ($436M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Nitrogen Heterocyclic Compounds EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Panama$423M (4.2M%)
Germany$60M (10.8%)
Algeria$12.6M (10.3k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrogen Heterocyclic Compounds BY Belgium WERE (2022 - 2023):
Italy-$123M (-21.8%)
India-$42.7M (-71.3%)
China-$40.1M (-57.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Nitrogen Heterocyclic Compounds were:
In 2023, Belgium's main importing competitors in Nitrogen Heterocyclic Compounds were:

Explore Visualizations

Trade Value of Nitrogen Heterocyclic Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $315M
TOP IMPORT POTENTIALFrance+ $126M

Nitrogen Heterocyclic Compounds’s highest export potential is Germany. With an export gap of $315M.   Nitrogen Heterocyclic Compounds’s highest import potential is France with an import gap of $126M.

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