Organic chemicals in Belgium | The Observatory of Economic Complexity

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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 THE DOW CHEMICAL COMPANY (1.74k), LOREAL USA (399), and AGCO CORPORATION (161) were at the forefront of shipping Organic chemicals from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Organic chemicals exports accounted up to €908M and imports accounted up to €1.74B, resulting in a negative trade balance of €830M. Between December 2022 and December 2023 the exports of Belgium's Organic chemicals have decreased by €-317M (-25.9%) from €1.22B to €908M, while imports increased by €170M (10.9%) from €1.57B to €1.74B.

Destinations In December 2023, Organic chemicals were exported mostly to Germany (€283M), Netherlands (€126M), United States (€93.8M), France (€63.4M), and Italy (€50.9M), and were imported mostly from Ireland (€454M), United States (€252M), Austria (€209M), Netherlands (€207M), and Singapore (€180M).

Growth In December 2023, the decrease in Organic chemicals's year-by-year exports was explained primarily by a decrease in exports to United States (€-167M or -72.5%), Germany (€-78.3M or -18.2%), and France (€-71.5M or -42.5%). In December 2023, the increase in Organic chemicals's year-by-year imports was explained primarily by an increase in imports from Singapore (€60.4M or 45%), Saudi Arabia (€25.7M or 144%), and China (€18.3M or 14.8%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-317M(-25.9%)

IMPORT GROWTH (December 2022 - December 2023)€170M(10.9%)

MAIN DESTINATION (December 2023)Germany€283M

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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