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2023
Exports $26.2BWorld Rnk 6 / 226
Flag Rnk 4 / 96
2023
Destination $14.1M Germany
2022 - 2023
FASTEST GROWING MARKET $14.1MIreland
2023
PRODUCT COMPLEXITY IN Plastics & articles thereof1.66Rnk 27 / 1025
2023
Imports $14.9BWorld Rnk 15 / 226
Flag Rnk 7 / 96
2023
Origin $30.7M Germany
2022 - 2023
FASTEST GROWING ORIGIN $30.7MSingapore
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $26.2B in Plastics & articles thereof, making it the 6th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 4th most exported product in Belgium. The main destination of Plastics & articles thereof exports from Belgium are: Germany ($4.51B), France ($3.87B), Netherlands ($2.95B), Italy ($2.49B), and United Kingdom ($1.29B).

The fastest growing export markets for Plastics & articles thereof of Belgium between 2022 and 2023 were Ireland ($14.1M), Czechia ($11.7M), and Zimbabwe ($8.37M).

Imports In 2023, Belgium imported $14.9B in Plastics & articles thereof, becoming the 15th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most imported product in Belgium. Belgium imports Plastics & articles thereof primarily from: Germany ($3.03B), Netherlands ($2.91B), France ($1.75B), United States ($1.7B), and China ($730M).

The fastest growing import markets in Plastics & articles thereof for Belgium between 2022 and 2023 were Singapore ($30.7M), United Arab Emirates ($12.2M), and Azerbaijan ($10.7M).

COMPANIES In 2023, leading companies such as Dow Chemical (176), Toyota (124), and DuPont (91) were at the forefront of shipping Plastics & articles thereof from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Plastics & articles thereof exports accounted up to €1.51B and imports accounted up to €888M, resulting in a positive trade balance of €619M. Between November 2023 and November 2024 the exports of Belgium's   Plastics & articles thereof have increased by €410M (37.4%) from €1.1B to €1.51B, while imports increased by €183M (26%) from €705M to €888M.

Destinations In November 2024, Plastics & articles thereof were exported mostly to Germany (€275M), France (€193M), Netherlands (€152M), United Kingdom (€104M), and Italy (€94.9M), and were imported mostly from Germany (€177M), Netherlands (€169M), France (€103M), United States (€90.8M), and China (€45.9M).

Growth In November 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to Czechia (€8.02M or 24.3%), Germany (€7.79M or 1.94%), and Italy (€6.85M or 5.71%). In November 2024, the increase in Plastics & articles thereof's year-by-year imports was explained primarily by an increase in imports from Netherlands (€20.4M or 9.84%), China (€20.3M or 31.2%), and Saudi Arabia (€13.9M or 61.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€410M(37.4%)
IMPORT GROWTH (November 2023 - November 2024)€183M(26%)
MAIN DESTINATION (November 2024)Germany€275M

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$26.2B
IMPORTS (2023)$14.9B
NET TRADE (2023)$11.3B

In 2023, Belgium exported $26.2B in Plastics & articles thereof. The main destinations of Belgium exports on Plastics & articles thereof were Germany ($4.51B), France ($3.87B), Netherlands ($2.95B), Italy ($2.49B), and United Kingdom ($1.29B).

In 2023, Belgium imported $14.9B in Plastics & articles thereof, mainly from Germany ($3.03B), Netherlands ($2.91B), France ($1.75B), United States ($1.7B), and China ($730M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Ireland$14.1M (6.83%)
Czechia$11.7M (1.93%)
Zimbabwe$8.37M (2.85k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Belgium WERE (2022 - 2023):
Germany-$960M (-17.5%)
France-$714M (-15.6%)
United Kingdom-$412M (-24.2%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Plastics & articles thereof were:
China $124B
United States $89.1B
Germany $80.4B
In 2023, Belgium's main importing competitors in Plastics & articles thereof were:
United States $79.6B
China $63.7B
Germany $50.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.9B
TOP IMPORT POTENTIALGermany+ $1.43B

Plastics & articles thereof’s highest export potential is Germany. With an export gap of $1.9B.   Plastics & articles thereof’s highest import potential is Germany with an import gap of $1.43B.

See methodology.

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