2022
Exports
$303MWorld Rnk 4 / 186
Flag Rnk 220 / 1213
2022
PRODUCT COMPLEXITY IN Other Pure Vegetable Oils
-0.9Rnk 810 / 1025
2022
Imports
$98.1MWorld Rnk 17 / 221
Flag Rnk 521 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $303M in Other Pure Vegetable Oils, making it the 4th largest exporter of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 220th most exported product in Belgium. The main destination of Other Pure Vegetable Oils exports from Belgium are: Netherlands ($41M), Germany ($37M), Kuwait ($32.7M), France ($29.4M), and Portugal ($24.2M).

The fastest growing export markets for Other Pure Vegetable Oils of Belgium between 2021 and 2022 were Kuwait ($29.8M), Norway ($19.5M), and Portugal ($9.54M).

Imports In 2022, Belgium imported $98.1M in Other Pure Vegetable Oils, becoming the 17th largest importer of Other Pure Vegetable Oils in the world. At the same year, Other Pure Vegetable Oils was the 521st most imported product in Belgium. Belgium imports Other Pure Vegetable Oils primarily from: Ghana ($27.4M), France ($20.2M), Netherlands ($9.5M), Germany ($8.2M), and Russia ($6.5M).

The fastest growing import markets in Other Pure Vegetable Oils for Belgium between 2021 and 2022 were Ghana ($9.43M), Hungary ($5.79M), and Spain ($4.65M).

COMPANIES In 2023, leading companies such as L'Oreal (2) were at the forefront of shipping Other Pure Vegetable Oils from Belgium to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€569k(3.83%)
IMPORT GROWTH (July 2023 - July 2024)€10.6M(191%)
MAIN DESTINATION (July 2024)Netherlands€2.56M

This section shows Other Pure Vegetable Oils'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 Other Pure Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$303M
IMPORTS (2022)$98.1M
NET TRADE (2022)$205M

In 2022, Belgium exported $303M in Other Pure Vegetable Oils. The main destinations of Belgium exports on Other Pure Vegetable Oils were Netherlands ($41M), Germany ($37M), Kuwait ($32.7M), France ($29.4M), and Portugal ($24.2M).

In 2022, Belgium imported $98.1M in Other Pure Vegetable Oils, mainly from Ghana ($27.4M), France ($20.2M), Netherlands ($9.5M), Germany ($8.2M), and Russia ($6.5M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Pure Vegetable Oils EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Kuwait$29.8M (1.04k%)
Norway$19.5M (468%)
Portugal$9.54M (65%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Pure Vegetable Oils BY Belgium WERE (2021 - 2022):
Germany-$8.7M (-19%)
Israel-$2.73M (-38.7%)
China-$1.6M (-52.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Other Pure Vegetable Oils were:
In 2022, Belgium's main importing competitors in Other Pure Vegetable Oils were:

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Trade Value of Other Pure Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.5M
TOP IMPORT POTENTIALGermany+ $3.85M

Other Pure Vegetable Oils’s highest export potential is Germany. With an export gap of $15.5M.   Other Pure Vegetable Oils’s highest import potential is Germany with an import gap of $3.85M.

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