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2018
Exports $17.8BWorld Rnk 8 / 215
Flag Rnk 7 / 96
2018
Destination $423M Germany
2022 - 2023
FASTEST GROWING MARKET $423MPanama
2023
PRODUCT COMPLEXITY IN Organic chemicals1.84Rnk 10 / 1025
2018
Imports $27.4BWorld Rnk 4 / 225
Flag Rnk 6 / 96
2018
Origin $4.85B Austria
2022 - 2023
FASTEST GROWING ORIGIN $4.85BAustria
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2018, Belgium exported $17.8B in Organic chemicals, making it the 8th 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 ($3.34B), Italy ($2.86B), France ($2.41B), Netherlands ($2.39B), and United States ($928M).

The fastest growing export markets for Organic chemicals of Belgium between 2022 and 2023 were Panama ($423M), Italy ($73.3M), and Finland ($36.4M).

Imports In 2023, Belgium imported $27.4B in Organic chemicals, becoming the 4th largest importer of Organic chemicals in the world. At the same year, Organic chemicals was the 6th most imported product in Belgium. Belgium imports Organic chemicals primarily from: Austria ($5.02B), Ireland ($4.87B), United States ($2.78B), Germany ($2.66B), and France ($2.51B).

The fastest growing import markets in Organic chemicals for Belgium between 2022 and 2023 were Austria ($4.85B), France ($1.72B), and Sweden ($213M).

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

November 2024

About

Overview In November 2024 Belgium's Organic chemicals exports accounted up to €998M and imports accounted up to €1.17B, resulting in a negative trade balance of €170M. Between November 2023 and November 2024 the exports of Belgium's   Organic chemicals have decreased by €-246M (-19.8%) from €1.24B to €998M, while imports increased by €340M (41%) from €828M to €1.17B.

Destinations In November 2024, Organic chemicals were exported mostly to Germany (€253M), France (€116M), Netherlands (€116M), Italy (€78.1M), and United States (€68.2M), and were imported mostly from Netherlands (€182M), Germany (€167M), Ireland (€164M), France (€149M), and United States (€143M).

Growth In November 2024, 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 November 2024, 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
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-246M(-19.8%)
IMPORT GROWTH (November 2023 - November 2024)€340M(41%)
MAIN DESTINATION (November 2024)Germany€253M

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 (2023)$17.8B
IMPORTS (2023)$27.4B
NET TRADE (2023)-$9.61B

In 2023, Belgium exported $17.8B in Organic chemicals. The main destinations of Belgium exports on Organic chemicals were Germany ($3.34B), Italy ($2.86B), France ($2.41B), Netherlands ($2.39B), and United States ($928M).

In 2023, Belgium imported $27.4B in Organic chemicals, mainly from Austria ($5.02B), Ireland ($4.87B), United States ($2.78B), Germany ($2.66B), and France ($2.51B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Panama$423M (72.2k%)
Italy$73.3M (2.63%)
Finland$36.4M (35%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Belgium WERE (2022 - 2023):
Germany-$896M (-21.2%)
France-$879M (-26.7%)
Netherlands-$579M (-19.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Organic chemicals were:
China $95.6B
United States $49.5B
Ireland $40.2B
In 2023, Belgium's main importing competitors in Organic chemicals were:
United States $61.7B
China $45.8B
Germany $42.6B

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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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