NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Exports $272MWorld Rnk 8 / 124
Flag Rnk 249 / 1216
2023
Destination $9.64M Italy
2022 - 2023
FASTEST GROWING MARKET $9.64MGermany
2023
PRODUCT COMPLEXITY IN Petroleum Resins1.47Rnk 49 / 1025
2023
Imports $316MWorld Rnk 6 / 200
Flag Rnk 225 / 1213
2023
Origin $13.9M United States
2022 - 2023
FASTEST GROWING ORIGIN $13.9MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $272M in Petroleum Resins, making it the 8th largest exporter of Petroleum Resins in the world. At the same year, Petroleum Resins was the 249th most exported product in Belgium. The main destination of Petroleum Resins exports from Belgium are: Italy ($66.4M), Germany ($43M), France ($26M), Netherlands ($19.7M), and Ireland ($19.6M).

The fastest growing export markets for Petroleum Resins of Belgium between 2022 and 2023 were Germany ($9.64M), United States ($9.4M), and United Kingdom ($7.03M).

Imports In 2023, Belgium imported $316M in Petroleum Resins, becoming the 6th largest importer of Petroleum Resins in the world. At the same year, Petroleum Resins was the 225th most imported product in Belgium. Belgium imports Petroleum Resins primarily from: United States ($89.7M), China ($58.6M), Netherlands ($49.8M), Germany ($45.1M), and Azerbaijan ($17.8M).

The fastest growing import markets in Petroleum Resins for Belgium between 2022 and 2023 were Netherlands ($13.9M), Azerbaijan ($11.2M), and Singapore ($5.86M).

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

November 2024

About

Overview In November 2024 Belgium's Petroleum Resins exports accounted up to €18.3M and imports accounted up to €10.8M, resulting in a positive trade balance of €7.47M. Between November 2023 and November 2024 the exports of Belgium's   Petroleum Resins have increased by €5.95M (48.2%) from €12.4M to €18.3M, while imports increased by €2.55M (30.7%) from €8.29M to €10.8M.

Destinations In November 2024, Petroleum Resins were exported mostly to Germany (€6.72M), France (€2.14M), Italy (€1.96M), United States (€957k), and Netherlands (€854k), and were imported mostly from China (€3.8M), United States (€3.2M), Germany (€2M), Japan (€416k), and Italy (€368k).

Growth In November 2024, the increase in Petroleum Resins's year-by-year exports was explained primarily by an increase in exports to Italy (€800k or 50.8%), Norway (€589k or 664%), and Spain (€299k or 56%). In November 2024, the increase in Petroleum Resins's year-by-year imports was explained primarily by an increase in imports from United States (€2.51M or 63.7%), Netherlands (€462k or 117%), and United Kingdom (€365k or 143%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€5.95M(48.2%)
IMPORT GROWTH (November 2023 - November 2024)€2.55M(30.7%)
MAIN DESTINATION (November 2024)Germany€6.72M

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.

For full datasets download visit Bulk Download page.

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Trade Balance

Color
EXPORTS (2023)$272M
IMPORTS (2023)$316M
NET TRADE (2023)-$44.1M

In 2023, Belgium exported $272M in Petroleum Resins. The main destinations of Belgium exports on Petroleum Resins were Italy ($66.4M), Germany ($43M), France ($26M), Netherlands ($19.7M), and Ireland ($19.6M).

In 2023, Belgium imported $316M in Petroleum Resins, mainly from United States ($89.7M), China ($58.6M), Netherlands ($49.8M), Germany ($45.1M), and Azerbaijan ($17.8M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Petroleum Resins EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$9.64M (28.9%)
United States$9.4M (267%)
United Kingdom$7.03M (154%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Petroleum Resins BY Belgium WERE (2022 - 2023):
India-$6.95M (-94.8%)
Romania-$5.37M (-69.7%)
Poland-$5.27M (-36.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Petroleum Resins were:
China $1.2B
United States $1.15B
Germany $1.08B
In 2023, Belgium's main importing competitors in Petroleum Resins were:
China $757M
Germany $578M
United States $568M

Explore Visualizations

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.

Subscribe today to OEC pro and access the latest data

Sign Up

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms