Petroleum Gas in Belgium | The Observatory of Economic Complexity

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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).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Petroleum Gas from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Petroleum Gas exports accounted up to €943M and imports accounted up to €1.6B, resulting in a negative trade balance of €661M. Between December 2022 and December 2023 the exports of Belgium's Petroleum Gas have decreased by €-3.2B (-77.2%) from €4.14B to €943M, while imports decreased by €-3.61B (-69.2%) from €5.21B to €1.6B.

Destinations In December 2023, Petroleum Gas were exported mostly to Germany (€706M), Netherlands (€187M), Luxembourg (€28.8M), France (€16.9M), and United Kingdom (€2.26M), and were imported mostly from Norway (€604M), France (€274M), United Kingdom (€245M), Netherlands (€161M), and United States (€122M).

Growth In December 2023, 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 December 2023, 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

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-3.2B(-77.2%)

IMPORT GROWTH (December 2022 - December 2023)€-3.61B(-69.2%)

MAIN DESTINATION (December 2023)Germany€706M

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

Trade Value

Growth

Growth (%)

Year

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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