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2022
Exports $180MWorld Rnk 14 / 78
Flag Rnk 324 / 1213
2022
Destination $63.1M Germany
2021 - 2022
FASTEST GROWING MARKET $63.1MGermany
2022
PRODUCT COMPLEXITY IN Rapeseed-0.31Rnk 652 / 1025
2022
Imports $1.56BWorld Rnk 4 / 122
Flag Rnk 46 / 1214
2022
Origin $504M Australia
2021 - 2022
FASTEST GROWING ORIGIN $504MAustralia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $180M in Rapeseed, making it the 14th largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 324th most exported product in Belgium. The main destination of Rapeseed exports from Belgium are: Germany ($168M), France ($5.59M), Netherlands ($3.54M), Poland ($1.96M), and United Kingdom ($767k).

The fastest growing export markets for Rapeseed of Belgium between 2021 and 2022 were Germany ($63.1M), Poland ($1.85M), and United Kingdom ($766k).

Imports In 2018, Belgium imported $1.56B in Rapeseed, becoming the 4th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 46th most imported product in Belgium. Belgium imports Rapeseed primarily from: Australia ($946M), France ($159M), Romania ($138M), Ukraine ($136M), and Bulgaria ($52.8M).

The fastest growing import markets in Rapeseed for Belgium between 2021 and 2022 were Australia ($504M), Romania ($30M), and Netherlands ($23.3M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Rapeseed exports accounted up to €1.09M and imports accounted up to €59.8M, resulting in a negative trade balance of €58.7M. Between August 2023 and August 2024 the exports of Belgium's   Rapeseed have decreased by €-3.42M (-75.8%) from €4.51M to €1.09M, while imports decreased by €-16.9M (-22%) from €76.6M to €59.8M.

Destinations In August 2024, Rapeseed were exported mostly to Germany (€703k), Luxembourg (€356k), France (€30k), Netherlands (€3.19k), and Cyprus (€428), and were imported mostly from Ukraine (€37.3M), Romania (€8.99M), Bulgaria (€5.25M), France (€4.01M), and Sweden (€3.17M).

Growth In August 2024, the decrease in Rapeseed's year-by-year exports was explained primarily by a decrease in exports to France (€-1.28M or -95.2%), Slovakia (€-68 or -25.8%), and United Kingdom (€-33 or -30.3%). In August 2024, the decrease in Rapeseed's year-by-year imports was explained primarily by a decrease in imports from France (€-4.81M or -93.9%) and Netherlands (€-864k or -89.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-3.42M(-75.8%)
IMPORT GROWTH (August 2023 - August 2024)€-16.9M(-22%)
MAIN DESTINATION (August 2024)Germany€703k

This section shows Rapeseed'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 Rapeseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$180M
IMPORTS (2022)$1.56B
NET TRADE (2022)-$1.38B

In 2022, Belgium exported $180M in Rapeseed. The main destinations of Belgium exports on Rapeseed were Germany ($168M), France ($5.59M), Netherlands ($3.54M), Poland ($1.96M), and United Kingdom ($767k).

In 2022, Belgium imported $1.56B in Rapeseed, mainly from Australia ($946M), France ($159M), Romania ($138M), Ukraine ($136M), and Bulgaria ($52.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$63.1M (60.4%)
Poland$1.85M (1.69k%)
United Kingdom$766k (95.6k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed BY Belgium WERE (2021 - 2022):
France-$29.3M (-84%)
Netherlands-$27.4M (-88.6%)
Portugal-$8.41M (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Rapeseed were:
Australia $5.3B
Canada $4.38B
Ukraine $1.55B
In 2022, Belgium's main importing competitors in Rapeseed were:
Germany $3.9B
Japan $1.78B
China $1.73B

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Trade Value of Rapeseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $35.3M
TOP IMPORT POTENTIALNetherlands+ $19.6M

Rapeseed’s highest export potential is Germany. With an export gap of $35.3M.   Rapeseed’s highest import potential is Netherlands with an import gap of $19.6M.

See methodology.

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