HS Icon Organic chemicals in  Flag Belgium

2019
Exports | Imports
: $27.4B | $29B, World Rnk 5 / 210
Flag Rnk 6 / 96 | World Rnk 4 / 223
Flag Rnk 5 / 96

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $81.6M | $248M, India |  United States

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Organic chemicals
: 0.82, Rnk 22 / 96

Exports In 2019, Belgium exported $27.4B in Organic chemicals, making it the 5th largest exporter of Organic chemicals in the world. At the same year, Organic chemicals was the 6th most exported product in Belgium. The main destination of Organic chemicals exports from Belgium are: Germany ($9.39B), Italy ($3.04B), France ($2.9B), Netherlands ($2.73B), and United States ($1.65B).

The fastest growing export markets for Organic chemicals of Belgium between 2018 and 2019 were India ($81.6M), China ($75.5M), and France ($64.4M).

Imports In 2019, Belgium imported $29B 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 ($8.17B), Netherlands ($3.65B), United States ($3.54B), Germany ($2.48B), and Singapore ($2.4B).

The fastest growing import markets in Organic chemicals for Belgium between 2018 and 2019 were United States ($248M), Norway ($66.4M), and Finland ($40.3M).

Tariffs In 2017, the average tariff for Belgium in Organic chemicals was 1.92%. The countries with the highest import tariffs for Organic chemicals were Western Sahara (Most Favoured Nation duty rate treatement, 5.73%), Gabon (Most Favoured Nation duty rate treatement, 5.73%), Libya (Most Favoured Nation duty rate treatement, 5.73%), Mayotte (Most Favoured Nation duty rate treatement, 5.73%), and Reunion (Most Favoured Nation duty rate treatement, 5.73%).

June 2021

Subnational Monthly Trade

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Time Scale
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Value

EXPORT GROWTH (June 2020 - June 2021): €-57.6M, (-2.93%)

IMPORT GROWTH (June 2020 - June 2021): €821M, (66.1%)

MAIN DESTINATION (June 2021): Germany, €575M

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

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EXPORTS (2019): $27.4B

IMPORTS (2019): $29B

NET TRADE (2019): -$1.55B

In 2019, Belgium exported $27.4B in Organic chemicals. The main destinations of Belgium exports on Organic chemicals were Germany ($9.39B), Italy ($3.04B), France ($2.9B), Netherlands ($2.73B), and United States ($1.65B).

In 2019, Belgium imported $29B in Organic chemicals, mainly from Ireland ($8.17B), Netherlands ($3.65B), United States ($3.54B), Germany ($2.48B), and Singapore ($2.4B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Organic chemicals WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Organic chemicals WITH:

Flow

THE FASTEST GROWING Organic chemicals EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Organic chemicals BY Belgium WERE (2018 - 2019):

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Market Concentration

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Type

In 2019, Belgium's main exporting competitors in Organic chemicals were:

In 2019, Belgium's main importing competitors in Organic chemicals were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Organic chemicals was 1.92%.

The countries with the highest tariffs for Organic chemicals in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 5.73%), Gabon (Most Favoured Nation duty rate treatement, 5.73%), Libya (Most Favoured Nation duty rate treatement, 5.73%), Mayotte (Most Favoured Nation duty rate treatement, 5.73%), and Reunion (Most Favoured Nation duty rate treatement, 5.73%).