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2022
Exports $3.85BWorld Rnk 18 / 226
Flag Rnk 21 / 96
2022
Destination $45.6M Germany
2021 - 2022
FASTEST GROWING MARKET $45.6MLuxembourg
2022
PRODUCT COMPLEXITY IN Rubber & articles thereof0.93Rnk 199 / 1025
2022
Imports $4.91BWorld Rnk 13 / 226
Flag Rnk 18 / 96
2022
Origin $104M Germany
2021 - 2022
FASTEST GROWING ORIGIN $104MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $3.85B in Rubber & articles thereof, making it the 18th largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 21st most exported product in Belgium. The main destination of Rubber & articles thereof exports from Belgium are: Germany ($575M), France ($521M), Netherlands ($500M), Luxembourg ($358M), and Italy ($252M).

The fastest growing export markets for Rubber & articles thereof of Belgium between 2021 and 2022 were Luxembourg ($45.6M), Turkey ($35M), and Germany ($24.1M).

Imports In 2022, Belgium imported $4.91B in Rubber & articles thereof, becoming the 13th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 18th most imported product in Belgium. Belgium imports Rubber & articles thereof primarily from: Germany ($619M), United States ($469M), France ($407M), Netherlands ($375M), and United Kingdom ($333M).

The fastest growing import markets in Rubber & articles thereof for Belgium between 2021 and 2022 were United States ($104M), Japan ($69.8M), and Netherlands ($33.5M).

COMPANIES In 2023, leading companies such as Continental Tire (608), Pirelli Tires (164), and Goodyear Tire and Rubber (96) were at the forefront of shipping Rubber & articles thereof from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Rubber & articles thereof exports accounted up to €282M and imports accounted up to €295M, resulting in a negative trade balance of €13M. Between July 2023 and July 2024 the exports of Belgium's   Rubber & articles thereof have increased by €17.4M (6.6%) from €264M to €282M, while imports increased by €29.5M (11.1%) from €265M to €295M.

Destinations In July 2024, Rubber & articles thereof were exported mostly to Germany (€48.6M), Luxembourg (€38M), France (€31.2M), Netherlands (€24.9M), and Italy (€17.9M), and were imported mostly from Germany (€33M), France (€30.1M), United Kingdom (€24.1M), United States (€20.2M), and China (€19M).

Growth In July 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to Luxembourg (€21.8M or 445%), Germany (€15.5M or 39.3%), and Sweden (€11.5M or 111%). In July 2024, the increase in Rubber & articles thereof's year-by-year imports was explained primarily by an increase in imports from Poland (€5M or 53.5%), Spain (€4.65M or 31.1%), and China (€4.39M or 25.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€17.4M(6.6%)
IMPORT GROWTH (July 2023 - July 2024)€29.5M(11.1%)
MAIN DESTINATION (July 2024)Germany€48.6M

This section shows Rubber & 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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.85B
IMPORTS (2022)$4.91B
NET TRADE (2022)-$1.06B

In 2022, Belgium exported $3.85B in Rubber & articles thereof. The main destinations of Belgium exports on Rubber & articles thereof were Germany ($575M), France ($521M), Netherlands ($500M), Luxembourg ($358M), and Italy ($252M).

In 2022, Belgium imported $4.91B in Rubber & articles thereof, mainly from Germany ($619M), United States ($469M), France ($407M), Netherlands ($375M), and United Kingdom ($333M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Luxembourg$45.6M (14.6%)
Turkey$35M (57.4%)
Germany$24.1M (4.37%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Belgium WERE (2021 - 2022):
United Kingdom-$51.8M (-39.3%)
Russia-$45.5M (-75.3%)
Netherlands-$40.6M (-7.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Rubber & articles thereof were:
China $33.5B
Thailand $20.1B
Germany $17.1B
In 2022, Belgium's main importing competitors in Rubber & articles thereof were:
United States $36.1B
China $17.3B
Germany $16.5B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $306M
TOP IMPORT POTENTIALGermany+ $300M

Rubber & articles thereof’s highest export potential is Germany. With an export gap of $306M.   Rubber & articles thereof’s highest import potential is Germany with an import gap of $300M.

See methodology.

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