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Pricing

2022
Exports $2.94BWorld Rnk 11 / 217
Flag Rnk 30 / 96
2022
Destination $49.5M Germany
2021 - 2022
FASTEST GROWING MARKET $49.5MIndonesia
2022
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes1.08Rnk 144 / 1025
2022
Imports $2.86BWorld Rnk 9 / 225
Flag Rnk 28 / 96
2022
Origin $89M Germany
2021 - 2022
FASTEST GROWING ORIGIN $89MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $2.94B in Paints, dyes, & varnishes, making it the 11th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 30th most exported product in Belgium. The main destination of Paints, dyes, & varnishes exports from Belgium are: Germany ($434M), France ($373M), Netherlands ($219M), Italy ($198M), and United Kingdom ($163M).

The fastest growing export markets for Paints, dyes, & varnishes of Belgium between 2021 and 2022 were Indonesia ($49.5M), Turkey ($14.3M), and United States ($13M).

Imports In 2022, Belgium imported $2.86B in Paints, dyes, & varnishes, becoming the 9th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 28th most imported product in Belgium. Belgium imports Paints, dyes, & varnishes primarily from: Germany ($762M), Netherlands ($399M), France ($346M), United States ($278M), and China ($249M).

The fastest growing import markets in Paints, dyes, & varnishes for Belgium between 2021 and 2022 were Germany ($89M), China ($82.5M), and Australia ($20.4M).

COMPANIES In 2023, leading companies such as Volvo (10), ZF Friedrichshafen (3), and Chevron (3) were at the forefront of shipping Paints, dyes, & varnishes from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Paints, dyes, & varnishes exports accounted up to €193M and imports accounted up to €109M, resulting in a positive trade balance of €83.7M. Between August 2023 and August 2024 the exports of Belgium's   Paints, dyes, & varnishes have decreased by €-7.43M (-3.7%) from €201M to €193M, while imports decreased by €-17.8M (-14%) from €127M to €109M.

Destinations In August 2024, Paints, dyes, & varnishes were exported mostly to Germany (€30.4M), France (€17.4M), United Kingdom (€13.3M), Netherlands (€12.6M), and United States (€9.08M), and were imported mostly from Germany (€28.8M), Netherlands (€25.1M), France (€15.8M), United States (€7.22M), and Poland (€4.47M).

Growth In August 2024, the decrease in Paints, dyes, & varnishes's year-by-year exports was explained primarily by a decrease in exports to France (€-21.6M or -53.2%), Germany (€-11.4M or -26.5%), and Italy (€-6.41M or -35.2%). In August 2024, the decrease in Paints, dyes, & varnishes's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-11.4M or -70.1%), United States (€-2.78M or -26.6%), and China (€-1.49M or -34.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-7.43M(-3.7%)
IMPORT GROWTH (August 2023 - August 2024)€-17.8M(-14%)
MAIN DESTINATION (August 2024)Germany€30.4M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.94B
IMPORTS (2022)$2.86B
NET TRADE (2022)$73.7M

In 2022, Belgium exported $2.94B in Paints, dyes, & varnishes. The main destinations of Belgium exports on Paints, dyes, & varnishes were Germany ($434M), France ($373M), Netherlands ($219M), Italy ($198M), and United Kingdom ($163M).

In 2022, Belgium imported $2.86B in Paints, dyes, & varnishes, mainly from Germany ($762M), Netherlands ($399M), France ($346M), United States ($278M), and China ($249M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Indonesia$49.5M (222%)
Turkey$14.3M (21.3%)
United States$13M (13.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Belgium WERE (2021 - 2022):
Italy-$66.1M (-25%)
Russia-$37.8M (-67.9%)
Netherlands-$37.3M (-14.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Paints, dyes, & varnishes were:
Germany $13B
China $11.5B
United States $8.63B
In 2022, Belgium's main importing competitors in Paints, dyes, & varnishes were:
United States $5.95B
Germany $5.41B
China $4.84B

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $191M
TOP IMPORT POTENTIALGermany+ $182M

Paints, dyes, & varnishes’s highest export potential is Germany. With an export gap of $191M.   Paints, dyes, & varnishes’s highest import potential is Germany with an import gap of $182M.

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