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2022
Exports $277MWorld Rnk 8 / 123
Flag Rnk 243 / 1213
2022
Destination $17.8M Germany
2021 - 2022
FASTEST GROWING MARKET $17.8MGermany
2022
PRODUCT COMPLEXITY IN Petroleum Resins1.53Rnk 46 / 1025
2022
Imports $371MWorld Rnk 6 / 197
Flag Rnk 235 / 1214
2022
Origin $37M China
2021 - 2022
FASTEST GROWING ORIGIN $37MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $277M in Petroleum Resins, making it the 8th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 243rd most exported product in Belgium. The main destination of Petroleum Resins exports from Belgium are: Germany ($80.2M), Italy ($47.8M), France ($22.6M), Poland ($16.2M), and Netherlands ($15.2M).

The fastest growing export markets for Petroleum Resins of Belgium between 2021 and 2022 were Germany ($17.8M), United States ($6.03M), and Italy ($6M).

Imports In 2022, Belgium imported $371M in Petroleum Resins, becoming the 6th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 235th most imported product in Belgium. Belgium imports Petroleum Resins primarily from: China ($99.9M), United States ($90.4M), Germany ($66.9M), Netherlands ($39.7M), and France ($10M).

The fastest growing import markets in Petroleum Resins for Belgium between 2021 and 2022 were China ($37M), United States ($6.94M), and Switzerland ($4.77M).

COMPANIES In 2023, leading companies such as Volvo (1) were at the forefront of shipping Petroleum Resins from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Petroleum Resins exports accounted up to €17.3M and imports accounted up to €14.6M, resulting in a positive trade balance of €2.7M. Between August 2023 and August 2024 the exports of Belgium's   Petroleum Resins have decreased by €-2.58M (-13%) from €19.8M to €17.3M, while imports decreased by €-1.2M (-7.59%) from €15.8M to €14.6M.

Destinations In August 2024, Petroleum Resins were exported mostly to Germany (€6.88M), Italy (€1.42M), France (€1.37M), Japan (€1.03M), and Switzerland (€733k), and were imported mostly from China (€6.03M), United States (€5.08M), Germany (€1.51M), France (€315k), and Japan (€312k).

Growth In August 2024, the decrease in Petroleum Resins's year-by-year exports was explained primarily by a decrease in exports to Poland (€-728k or -44.8%), France (€-703k or -32.3%), and Austria (€-438k or -61.7%). In August 2024, the decrease in Petroleum Resins's year-by-year imports was explained primarily by a decrease in imports from China (€-5.23M or -75.7%), Germany (€-366k or -9.82%), and India (€-310k or -65.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-2.58M(-13%)
IMPORT GROWTH (August 2023 - August 2024)€-1.2M(-7.59%)
MAIN DESTINATION (August 2024)Germany€6.88M

This section shows Petroleum Resins'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 Resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$277M
IMPORTS (2022)$371M
NET TRADE (2022)-$94M

In 2022, Belgium exported $277M in Petroleum Resins. The main destinations of Belgium exports on Petroleum Resins were Germany ($80.2M), Italy ($47.8M), France ($22.6M), Poland ($16.2M), and Netherlands ($15.2M).

In 2022, Belgium imported $371M in Petroleum Resins, mainly from China ($99.9M), United States ($90.4M), Germany ($66.9M), Netherlands ($39.7M), and France ($10M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$17.8M (28.6%)
United States$6.03M (179%)
Italy$6M (14.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Belgium WERE (2021 - 2022):
United Kingdom-$4.71M (-54.5%)
Russia-$1.91M (-68.5%)
Greece-$1.31M (-56.4%)
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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 Resins were:
United States $1.31B
China $1.28B
Germany $1.24B
In 2022, Belgium's main importing competitors in Petroleum Resins were:
China $901M
United States $662M
Germany $510M

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Trade Value of Petroleum Resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $16.5M
TOP IMPORT POTENTIALGermany+ $23.7M

Petroleum Resins’s highest export potential is Germany. With an export gap of $16.5M.   Petroleum Resins’s highest import potential is Germany with an import gap of $23.7M.

See methodology.

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