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2022
Exports $54.7BWorld Rnk 6 / 160
Flag Rnk 1 / 1213
2022
Destination $27B Germany
2021 - 2022
FASTEST GROWING MARKET $27BGermany
2022
PRODUCT COMPLEXITY IN Petroleum Gas-1.98Rnk 1000 / 1025
2022
Imports $44.8BWorld Rnk 8 / 222
Flag Rnk 1 / 1214
2022
Origin $10.1B Norway
2021 - 2022
FASTEST GROWING ORIGIN $10.1BNorway
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $54.7B in Petroleum Gas, making it the 6th largest exporter of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most exported product in Belgium. The main destination of Petroleum Gas exports from Belgium are: Germany ($29.1B), Netherlands ($13.1B), France ($11.1B), Luxembourg ($708M), and China ($131M).

The fastest growing export markets for Petroleum Gas of Belgium between 2021 and 2022 were Germany ($27B), Netherlands ($9.23B), and France ($4.4B).

Imports In 2022, Belgium imported $44.8B in Petroleum Gas, becoming the 8th largest importer of Petroleum Gas in the world. At the same year, Petroleum Gas was the 1st most imported product in Belgium. Belgium imports Petroleum Gas primarily from: Norway ($18.8B), Netherlands ($7.74B), United Kingdom ($6.22B), Qatar ($5.37B), and Russia ($2.2B).

The fastest growing import markets in Petroleum Gas for Belgium between 2021 and 2022 were Norway ($10.1B), United Kingdom ($5.39B), and Qatar ($4.07B).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Petroleum Gas exports accounted up to €1.08B and imports accounted up to €1.42B, resulting in a negative trade balance of €345M. Between August 2023 and August 2024 the exports of Belgium's   Petroleum Gas have increased by €188M (21.1%) from €890M to €1.08B, while imports increased by €240M (20.3%) from €1.18B to €1.42B.

Destinations In August 2024, Petroleum Gas were exported mostly to Germany (€546M), France (€308M), Netherlands (€211M), Luxembourg (€8.67M), and Norway (€1.47M), and were imported mostly from United Kingdom (€506M), Norway (€494M), Netherlands (€188M), Qatar (€92.1M), and France (€57.1M).

Growth In August 2024, the increase in Petroleum Gas's year-by-year exports was explained primarily by an increase in exports to Germany (€412M or 43.3%), Netherlands (€64.1M or 12.1%), and France (€15.9M or 31.8%). In August 2024, the increase in Petroleum Gas's year-by-year imports was explained primarily by an increase in imports from Qatar (€534M or 259%), United Kingdom (€423M or 170%), and Russia (€117M or 51.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€188M(21.1%)
IMPORT GROWTH (August 2023 - August 2024)€240M(20.3%)
MAIN DESTINATION (August 2024)Germany€546M

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 (2022)$54.7B
IMPORTS (2022)$44.8B
NET TRADE (2022)$9.91B

In 2022, Belgium exported $54.7B in Petroleum Gas. The main destinations of Belgium exports on Petroleum Gas were Germany ($29.1B), Netherlands ($13.1B), France ($11.1B), Luxembourg ($708M), and China ($131M).

In 2022, Belgium imported $44.8B in Petroleum Gas, mainly from Norway ($18.8B), Netherlands ($7.74B), United Kingdom ($6.22B), Qatar ($5.37B), and Russia ($2.2B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Gas EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$27B (1.3k%)
Netherlands$9.23B (237%)
France$4.4B (65.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Gas BY Belgium WERE (2021 - 2022):
United Kingdom-$467M (-92.9%)
India-$43.2M (-33.2%)
Chinese Taipei-$32.3M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Petroleum Gas were:
Norway $154B
United States $116B
Russia $71.5B
In 2022, Belgium's main importing competitors in Petroleum Gas were:
Germany $98B
China $72.7B
Italy $67.6B

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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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