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Pricing

2022
Exports $1.13BWorld Rnk 4 / 199
Flag Rnk 65 / 1213
2022
Destination $69.6M United States
2021 - 2022
FASTEST GROWING MARKET $69.6MGermany
2022
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.61Rnk 321 / 1025
2022
Imports $1.22BWorld Rnk 2 / 220
Flag Rnk 63 / 1214
2022
Origin $59.7M Germany
2021 - 2022
FASTEST GROWING ORIGIN $59.7MCanada
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $1.13B in Special Pharmaceuticals, making it the 4th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 65th most exported product in Belgium. The main destination of Special Pharmaceuticals exports from Belgium are: United States ($163M), Germany ($146M), Italy ($79.5M), France ($76.3M), and United Kingdom ($65.8M).

The fastest growing export markets for Special Pharmaceuticals of Belgium between 2021 and 2022 were Germany ($69.6M), Saudi Arabia ($11.4M), and United States ($10.4M).

Imports In 2022, Belgium imported $1.22B in Special Pharmaceuticals, becoming the 2nd largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 63rd most imported product in Belgium. Belgium imports Special Pharmaceuticals primarily from: Germany ($435M), United States ($213M), Austria ($76.5M), Switzerland ($69.9M), and Poland ($65.6M).

The fastest growing import markets in Special Pharmaceuticals for Belgium between 2021 and 2022 were Canada ($59.7M), Germany ($46.4M), and United States ($29.3M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Special Pharmaceuticals exports accounted up to €113M and imports accounted up to €93.9M, resulting in a positive trade balance of €18.7M. Between August 2023 and August 2024 the exports of Belgium's   Special Pharmaceuticals have increased by €31.8M (39.4%) from €80.7M to €113M, while imports increased by €24.8M (35.8%) from €69.1M to €93.9M.

Destinations In August 2024, Special Pharmaceuticals were exported mostly to United States (€23.2M), Germany (€11.3M), Singapore (€9.04M), United Kingdom (€8.34M), and Saudi Arabia (€5.09M), and were imported mostly from United States (€27.3M), Germany (€24.4M), Mexico (€23.5M), Japan (€5.11M), and Netherlands (€3.84M).

Growth In August 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to Germany (€5.72M or 51.9%), Italy (€3.63M or 65.7%), and Belarus (€2.66M or 7.96k%). In August 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Germany (€8.89M or 52.8%), Switzerland (€8.56M or 185%), and United States (€3.29M or 14.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€31.8M(39.4%)
IMPORT GROWTH (August 2023 - August 2024)€24.8M(35.8%)
MAIN DESTINATION (August 2024)United States€23.2M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.13B
IMPORTS (2022)$1.22B
NET TRADE (2022)-$88.5M

In 2022, Belgium exported $1.13B in Special Pharmaceuticals. The main destinations of Belgium exports on Special Pharmaceuticals were United States ($163M), Germany ($146M), Italy ($79.5M), France ($76.3M), and United Kingdom ($65.8M).

In 2022, Belgium imported $1.22B in Special Pharmaceuticals, mainly from Germany ($435M), United States ($213M), Austria ($76.5M), Switzerland ($69.9M), and Poland ($65.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$69.6M (90.6%)
Saudi Arabia$11.4M (48.8%)
United States$10.4M (6.86%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Belgium WERE (2021 - 2022):
United Kingdom-$33.4M (-33.7%)
Poland-$12M (-57.7%)
France-$10.7M (-12.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Special Pharmaceuticals were:
Germany $3.23B
United States $1.77B
Netherlands $1.25B
In 2022, Belgium's main importing competitors in Special Pharmaceuticals were:
United States $3.52B
China $1.01B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $55.9M
TOP IMPORT POTENTIALGermany+ $59.9M

Special Pharmaceuticals’s highest export potential is Germany. With an export gap of $55.9M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $59.9M.

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