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2022
Exports $19.3BWorld Rnk 9 / 214
Flag Rnk 7 / 96
2022
Destination $261M Germany
2021 - 2022
FASTEST GROWING MARKET $261MGermany
2022
PRODUCT COMPLEXITY IN Organic chemicals1.95Rnk 8 / 1025
2022
Imports $30.3BWorld Rnk 4 / 225
Flag Rnk 5 / 96
2022
Origin $767M Ireland
2021 - 2022
FASTEST GROWING ORIGIN $767MSingapore
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $19.3B in Organic chemicals, making it the 9th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 7th most exported product in Belgium. The main destination of Organic chemicals exports from Belgium are: Germany ($4.61B), France ($2.62B), Italy ($2.25B), Netherlands ($2.11B), and United States ($1.32B).

The fastest growing export markets for Organic chemicals of Belgium between 2021 and 2022 were Germany ($261M), Hungary ($148M), and United States ($121M).

Imports In 2022, Belgium imported $30.3B in Organic chemicals, becoming the 4th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 5th most imported product in Belgium. Belgium imports Organic chemicals primarily from: Ireland ($4.81B), Netherlands ($4.61B), United States ($4.33B), Germany ($4.19B), and Singapore ($2.33B).

The fastest growing import markets in Organic chemicals for Belgium between 2021 and 2022 were Singapore ($767M), Germany ($764M), and United States ($693M).

COMPANIES In 2023, leading companies such as Volvo (145), Givaudan Fragrances (72), and Dow Chemical (67) were at the forefront of shipping Organic chemicals from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Organic chemicals exports accounted up to €1.06B and imports accounted up to €926M, resulting in a positive trade balance of €134M. Between July 2023 and July 2024 the exports of Belgium's   Organic chemicals have increased by €24.3M (2.34%) from €1.04B to €1.06B, while imports decreased by €-476M (-33.9%) from €1.4B to €926M.

Destinations In July 2024, Organic chemicals were exported mostly to Germany (€268M), Netherlands (€126M), France (€101M), United States (€84M), and Italy (€66.1M), and were imported mostly from Netherlands (€187M), Germany (€168M), United States (€104M), Singapore (€71.7M), and China (€65.8M).

Growth In July 2024, the increase in Organic chemicals's year-by-year exports was explained primarily by an increase in exports to Canada (€77.5M or 223%), Malaysia (€25M or 6k%), and Indonesia (€6.4M or 594%). In July 2024, the decrease in Organic chemicals's year-by-year imports was explained primarily by a decrease in imports from Germany (€-1.59B or -87.8%), Ireland (€-456M or -52%), and Netherlands (€-61.9M or -25.6%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€24.3M(2.34%)
IMPORT GROWTH (July 2023 - July 2024)€-476M(-33.9%)
MAIN DESTINATION (July 2024)Germany€268M

This section shows Organic chemicals'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 Organic chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$19.3B
IMPORTS (2022)$30.3B
NET TRADE (2022)-$11B

In 2022, Belgium exported $19.3B in Organic chemicals. The main destinations of Belgium exports on Organic chemicals were Germany ($4.61B), France ($2.62B), Italy ($2.25B), Netherlands ($2.11B), and United States ($1.32B).

In 2022, Belgium imported $30.3B in Organic chemicals, mainly from Ireland ($4.81B), Netherlands ($4.61B), United States ($4.33B), Germany ($4.19B), and Singapore ($2.33B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$261M (6.01%)
Hungary$148M (133%)
United States$121M (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Belgium WERE (2021 - 2022):
France-$318M (-10.8%)
Italy-$179M (-7.36%)
Netherlands-$170M (-7.48%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Organic chemicals were:
China $110B
United States $51.7B
Ireland $45.7B
In 2022, Belgium's main importing competitors in Organic chemicals were:
United States $68.6B
China $51.6B
Germany $47.2B

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Trade Value of Organic chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.11B
TOP IMPORT POTENTIALGermany+ $627M

Organic chemicals’s highest export potential is Germany. With an export gap of $1.11B.   Organic chemicals’s highest import potential is Germany with an import gap of $627M.

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