HS Icon Refined Petroleum in  Flag Belgium

2019
Exports | Imports
: $25B | $19.3B, World Rnk 9 / 214
Flag Rnk 2 / 1215 | World Rnk 9 / 225
Flag Rnk 2 / 1214

2018 - 2019
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $356M | $147M, France |  India

2019
ECONOMIC COMPLEXITY of Belgium
: 1.32, Rnk 18 / 147

2019
PRODUCT COMPLEXITY  IN Refined Petroleum
: -0.87, Rnk 800 / 1029

Exports In 2019, Belgium exported $25B in Refined Petroleum, making it the 9th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most exported product in Belgium. The main destination of Refined Petroleum exports from Belgium are: Netherlands ($5.34B), Germany ($4.38B), France ($2.62B), Nigeria ($2.14B), and United States ($1.9B).

The fastest growing export markets for Refined Petroleum of Belgium between 2018 and 2019 were France ($356M), Switzerland ($254M), and Saudi Arabia ($102M).

Imports In 2019, Belgium imported $19.3B in Refined Petroleum, becoming the 9th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Belgium. Belgium imports Refined Petroleum primarily from: Netherlands ($7.01B), Saudi Arabia ($2.62B), Russia ($1.72B), United Kingdom ($1.64B), and France ($1.5B).

The fastest growing import markets in Refined Petroleum for Belgium between 2018 and 2019 were India ($147M), Saudi Arabia ($146M), and Sweden ($146M).

Tariffs In 2017, the average tariff for Belgium in Refined Petroleum was 0.92%. The countries with the highest import tariffs for Refined Petroleum were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).

Historical Data

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EXPORTS (2019): $25B

IMPORTS (2019): $19.3B

NET TRADE (2019): $5.76B

In 2019, Belgium exported $25B in Refined Petroleum. The main destinations of Belgium exports on Refined Petroleum were Netherlands ($5.34B), Germany ($4.38B), France ($2.62B), Nigeria ($2.14B), and United States ($1.9B).

In 2019, Belgium imported $19.3B in Refined Petroleum, mainly from Netherlands ($7.01B), Saudi Arabia ($2.62B), Russia ($1.72B), United Kingdom ($1.64B), and France ($1.5B).

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IN 2019, Belgium HAD A POSITIVE NET TRADE IN Refined Petroleum WITH:

IN 2019, Belgium HAD A NEGATIVE NET TRADE IN Refined Petroleum WITH:

Flow

THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Belgium WERE (2018 - 2019):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Belgium WERE (2018 - 2019):

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Market Concentration

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In 2019, Belgium's main exporting competitors in Refined Petroleum were:

In 2019, Belgium's main importing competitors in Refined Petroleum were:

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Tariffs by Country

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In 2017, the average tariff for Belgium in Refined Petroleum was 0.92%.

The countries with the highest tariffs for Refined Petroleum in Belgium were Western Sahara (Most Favoured Nation duty rate treatement, 2.54%), Gabon (Most Favoured Nation duty rate treatement, 2.54%), Libya (Most Favoured Nation duty rate treatement, 2.54%), Mayotte (Most Favoured Nation duty rate treatement, 2.54%), and Reunion (Most Favoured Nation duty rate treatement, 2.54%).