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2022
Exports $104MWorld Rnk 11 / 153
Flag Rnk 429 / 1213
2022
Destination $6.99M Netherlands
2021 - 2022
FASTEST GROWING MARKET $6.99MNetherlands
2022
PRODUCT COMPLEXITY IN Other Vegetable Oils-1.26Rnk 899 / 1025
2022
Imports $169MWorld Rnk 7 / 214
Flag Rnk 390 / 1214
2022
Origin $2.66M China
2021 - 2022
FASTEST GROWING ORIGIN $2.66MMalaysia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $104M in Other Vegetable Oils, making it the 11th largest exporter of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 429th most exported product in Belgium. The main destination of Other Vegetable Oils exports from Belgium are: Netherlands ($35.3M), France ($17.5M), Germany ($11.5M), Poland ($9.89M), and United Kingdom ($6M).

The fastest growing export markets for Other Vegetable Oils of Belgium between 2021 and 2022 were Netherlands ($6.99M), Poland ($3.63M), and France ($1.97M).

Imports In 2022, Belgium imported $169M in Other Vegetable Oils, becoming the 7th largest importer of Other Vegetable Oils in the world. At the same year, Other Vegetable Oils was the 390th most imported product in Belgium. Belgium imports Other Vegetable Oils primarily from: China ($75.7M), Netherlands ($54.8M), Germany ($13.1M), France ($6.82M), and Malaysia ($6.1M).

The fastest growing import markets in Other Vegetable Oils for Belgium between 2021 and 2022 were Malaysia ($2.66M), Panama ($1.62M), and Portugal ($834k).

Latest Trends

September 2024

About

Overview In September 2024 Belgium's Other Vegetable Oils exports accounted up to €7.38M and imports accounted up to €5.57M, resulting in a positive trade balance of €1.81M. Between September 2023 and September 2024 the exports of Belgium's   Other Vegetable Oils have increased by €1.12M (17.8%) from €6.27M to €7.38M, while imports increased by €579k (11.6%) from €4.99M to €5.57M.

Destinations In September 2024, Other Vegetable Oils were exported mostly to Netherlands (€2.89M), Germany (€2.11M), France (€906k), United Kingdom (€383k), and Bulgaria (€320k), and were imported mostly from Netherlands (€3.97M), France (€761k), Germany (€479k), Indonesia (€164k), and Spain (€133k).

Growth In September 2024, the increase in Other Vegetable Oils's year-by-year exports was explained primarily by an increase in exports to Netherlands (€651k or 20.4%), Ukraine (€483k or 3.82k%), and Poland (€191k or 40.2%). In September 2024, the increase in Other Vegetable Oils's year-by-year imports was explained primarily by an increase in imports from France (€525k or 322%), Spain (€309k or 185%), and Malaysia (€211k or 90.3k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€1.12M(17.8%)
IMPORT GROWTH (September 2023 - September 2024)€579k(11.6%)
MAIN DESTINATION (September 2024)Netherlands€2.89M

This section shows Other 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 Vegetable Oils over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$104M
IMPORTS (2022)$169M
NET TRADE (2022)-$64.5M

In 2022, Belgium exported $104M in Other Vegetable Oils. The main destinations of Belgium exports on Other Vegetable Oils were Netherlands ($35.3M), France ($17.5M), Germany ($11.5M), Poland ($9.89M), and United Kingdom ($6M).

In 2022, Belgium imported $169M in Other Vegetable Oils, mainly from China ($75.7M), Netherlands ($54.8M), Germany ($13.1M), France ($6.82M), and Malaysia ($6.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Vegetable Oils EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$6.99M (24.7%)
Poland$3.63M (58.1%)
France$1.97M (12.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Vegetable Oils BY Belgium WERE (2021 - 2022):
Sweden-$606k (-37.4%)
Italy-$580k (-10.4%)
United Kingdom-$506k (-7.78%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Other Vegetable Oils were:
Malaysia $1.66B
Indonesia $1.52B
Netherlands $424M
In 2022, Belgium's main importing competitors in Other Vegetable Oils were:
China $786M
Netherlands $515M
United States $325M

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Trade Value of Other Vegetable Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $6.38M
TOP IMPORT POTENTIALGermany+ $7.94M

Other Vegetable Oils’s highest export potential is Germany. With an export gap of $6.38M.   Other Vegetable Oils’s highest import potential is Germany with an import gap of $7.94M.

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