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2023
Exports $243MWorld Rnk 6 / 138
Flag Rnk 274 / 1216
2023
Destination $11.3M South Korea
2022 - 2023
FASTEST GROWING MARKET $11.3MChinese Taipei
2023
PRODUCT COMPLEXITY IN Photographic Chemicals1.94Rnk 4 / 1025
2023
Imports $98.3MWorld Rnk 11 / 211
Flag Rnk 471 / 1213
2023
Origin $5.89M Japan
2022 - 2023
FASTEST GROWING ORIGIN $5.89MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $243M in Photographic Chemicals, making it the 6th largest exporter of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 274th most exported product in Belgium. The main destination of Photographic Chemicals exports from Belgium are: South Korea ($54.7M), Germany ($32.3M), Netherlands ($21.6M), France ($20.9M), and Italy ($19.7M).

The fastest growing export markets for Photographic Chemicals of Belgium between 2022 and 2023 were Chinese Taipei ($11.3M), Netherlands ($9.08M), and China ($6.54M).

Imports In 2023, Belgium imported $98.3M in Photographic Chemicals, becoming the 11th largest importer of Photographic Chemicals in the world. At the same year, Photographic Chemicals was the 471st most imported product in Belgium. Belgium imports Photographic Chemicals primarily from: Japan ($40.8M), United States ($22.3M), Netherlands ($18.4M), Germany ($13M), and United Kingdom ($1.07M).

The fastest growing import markets in Photographic Chemicals for Belgium between 2022 and 2023 were Netherlands ($5.89M), Germany ($1.92M), and Lithuania ($520k).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Photographic Chemicals exports accounted up to €16.4M and imports accounted up to €5.01M, resulting in a positive trade balance of €11.4M. Between October 2023 and October 2024 the exports of Belgium's   Photographic Chemicals have decreased by €-3.19M (-16.2%) from €19.6M to €16.4M, while imports decreased by €-5.7M (-53.2%) from €10.7M to €5.01M.

Destinations In October 2024, Photographic Chemicals were exported mostly to South Korea (€5.77M), Germany (€2.25M), Italy (€1.43M), United States (€1.02M), and France (€944k), and were imported mostly from Japan (€3.28M), United States (€1.01M), Netherlands (€351k), Germany (€276k), and Italy (€49.5k).

Growth In October 2024, the decrease in Photographic Chemicals's year-by-year exports was explained primarily by a decrease in exports to South Korea (€-4.12M or -69.6%), Ireland (€-1.36M or -56%), and Chinese Taipei (€-221k or -85.5%). In October 2024, the decrease in Photographic Chemicals's year-by-year imports was explained primarily by a decrease in imports from Japan (€-104k or -2.73%), France (€-55.9k or -85.3%), and Denmark (€-697 or -54.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-3.19M(-16.2%)
IMPORT GROWTH (October 2023 - October 2024)€-5.7M(-53.2%)
MAIN DESTINATION (October 2024)South Korea€5.77M

This section shows Photographic Chemicals'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 Photographic Chemicals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$243M
IMPORTS (2023)$98.3M
NET TRADE (2023)$144M

In 2023, Belgium exported $243M in Photographic Chemicals. The main destinations of Belgium exports on Photographic Chemicals were South Korea ($54.7M), Germany ($32.3M), Netherlands ($21.6M), France ($20.9M), and Italy ($19.7M).

In 2023, Belgium imported $98.3M in Photographic Chemicals, mainly from Japan ($40.8M), United States ($22.3M), Netherlands ($18.4M), Germany ($13M), and United Kingdom ($1.07M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Photographic Chemicals EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Chinese Taipei$11.3M (585%)
Netherlands$9.08M (72.6%)
China$6.54M (79.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Photographic Chemicals BY Belgium WERE (2022 - 2023):
Israel-$24.5M (-93.4%)
South Korea-$12.7M (-18.8%)
Ireland-$7.68M (-32.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Photographic Chemicals were:
Japan $3.23B
South Korea $756M
United States $476M
In 2023, Belgium's main importing competitors in Photographic Chemicals were:
China $2.03B
Chinese Taipei $861M
South Korea $499M

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Trade Value of Photographic Chemicals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $7.64M
TOP IMPORT POTENTIALGermany+ $5.19M

Photographic Chemicals’s highest export potential is France. With an export gap of $7.64M.   Photographic Chemicals’s highest import potential is Germany with an import gap of $5.19M.

See methodology.

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