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2023
Exports $34.1BWorld Rnk 6 / 163
Flag Rnk 2 / 1216
2023
Destination $15.3B France
2022 - 2023
FASTEST GROWING MARKET $15.3BFrance
2023
PRODUCT COMPLEXITY IN Petroleum Gas-2.01Rnk 998 / 1025
2023
Imports $27.5BWorld Rnk 6 / 220
Flag Rnk 2 / 1213
2023
Origin $143M Norway
2022 - 2023
FASTEST GROWING ORIGIN $143MEquatorial Guinea
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $34.1B in Petroleum Gas, making it the 6th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most exported product in Belgium. The main destination of Petroleum Gas exports from Belgium are: France ($19.2B), Germany ($9.78B), Netherlands ($4.58B), Luxembourg ($304M), and India ($37.7M).

The fastest growing export markets for Petroleum Gas of Belgium between 2022 and 2023 were France ($15.3B), Senegal ($7.37M), and United Kingdom ($6.51M).

Imports In 2023, Belgium imported $27.5B in Petroleum Gas, becoming the 6th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 2nd most imported product in Belgium. Belgium imports Petroleum Gas primarily from: Norway ($8.29B), Qatar ($5.13B), United Kingdom ($4.55B), Netherlands ($2.92B), and France ($2.23B).

The fastest growing import markets in Petroleum Gas for Belgium between 2022 and 2023 were Equatorial Guinea ($143M), Italy ($35.7M), and Algeria ($16.6M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Petroleum Gas exports accounted up to €816M and imports accounted up to €1.29B, resulting in a negative trade balance of €478M. Between October 2023 and October 2024 the exports of Belgium's   Petroleum Gas have decreased by €-401M (-32.9%) from €1.22B to €816M, while imports decreased by €-240M (-15.7%) from €1.53B to €1.29B.

Destinations In October 2024, Petroleum Gas were exported mostly to Germany (€492M), Netherlands (€253M), France (€44.5M), Luxembourg (€20.7M), and United Kingdom (€3.69M), and were imported mostly from Norway (€490M), France (€282M), Qatar (€133M), Netherlands (€118M), and United Kingdom (€106M).

Growth In October 2024, the decrease in Petroleum Gas's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-38.8M or -97.1%), Luxembourg (€-37.6M or -42%), and Hungary (€-786k or -76.9%). In October 2024, the decrease in Petroleum Gas's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-271M or -40.8%), France (€-110M or -20%), and Germany (€-2.98M or -28.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-401M(-32.9%)
IMPORT GROWTH (October 2023 - October 2024)€-240M(-15.7%)
MAIN DESTINATION (October 2024)Germany€492M

This section shows Petroleum Gas'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 Petroleum Gas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$34.1B
IMPORTS (2023)$27.5B
NET TRADE (2023)$6.57B

In 2023, Belgium exported $34.1B in Petroleum Gas. The main destinations of Belgium exports on Petroleum Gas were France ($19.2B), Germany ($9.78B), Netherlands ($4.58B), Luxembourg ($304M), and India ($37.7M).

In 2023, Belgium imported $27.5B in Petroleum Gas, mainly from Norway ($8.29B), Qatar ($5.13B), United Kingdom ($4.55B), Netherlands ($2.92B), and France ($2.23B).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$15.3B (401%)
Senegal$7.37M (1%)
United Kingdom$6.51M (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Belgium WERE (2022 - 2023):
Germany-$19.2B (-66.2%)
Netherlands-$1.01B (-18.1%)
Luxembourg-$404M (-57%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Petroleum Gas were:
United States $83.2B
Qatar $71.1B
Norway $70.8B
In 2023, Belgium's main importing competitors in Petroleum Gas were:
China $83.7B
Japan $52.5B
France $45.4B

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Trade Value of Petroleum Gas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $828M
TOP IMPORT POTENTIALRussia+ $772M

Petroleum Gas’s highest export potential is Germany. With an export gap of $828M.   Petroleum Gas’s highest import potential is Russia with an import gap of $772M.

See methodology.

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