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2022
Exports $15MWorld Rnk 14 / 109
Flag Rnk 801 / 1213
2022
Destination $1.09M Germany
2021 - 2022
FASTEST GROWING MARKET $1.09MChina
2022
PRODUCT COMPLEXITY IN Wool-2.11Rnk 1004 / 1025
2022
Imports $8.65MWorld Rnk 20 / 137
Flag Rnk 966 / 1214
2022
Origin $372k New Zealand
2021 - 2022
FASTEST GROWING ORIGIN $372kSpain
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $15M in Wool, making it the 14th largest exporter of Wool in the world. At the same year, Wool was the 801st most exported product in Belgium. The main destination of Wool exports from Belgium are: Germany ($4.71M), China ($2.77M), Austria ($2.59M), France ($871k), and Switzerland ($800k).

The fastest growing export markets for Wool of Belgium between 2021 and 2022 were China ($1.09M), Germany ($854k), and Spain ($233k).

Imports In 2022, Belgium imported $8.65M in Wool, becoming the 20th largest importer of Wool in the world. At the same year, Wool was the 966th most imported product in Belgium. Belgium imports Wool primarily from: New Zealand ($2.66M), Germany ($1.1M), France ($980k), United Kingdom ($899k), and Spain ($621k).

The fastest growing import markets in Wool for Belgium between 2021 and 2022 were Spain ($372k), Portugal ($190k), and New Zealand ($159k).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Wool exports accounted up to €536k and imports accounted up to €399k, resulting in a positive trade balance of €137k. Between August 2023 and August 2024 the exports of Belgium's   Wool have increased by €130k (31.9%) from €406k to €536k, while imports increased by €88.9k (28.6%) from €310k to €399k.

Destinations In August 2024, Wool were exported mostly to Germany (€165k), Netherlands (€98.4k), China (€81.4k), Turkey (€76.5k), and Austria (€50.2k), and were imported mostly from New Zealand (€161k), France (€103k), United Kingdom (€43.5k), Switzerland (€42.6k), and Germany (€35.5k).

Growth In August 2024, the increase in Wool's year-by-year exports was explained primarily by an increase in exports to Netherlands (€103k or 2.53k%) and China (€56.2k or 18.1%). In August 2024, the increase in Wool's year-by-year imports was explained primarily by an increase in imports from Spain (€120k or 71.3%), New Zealand (€11.2k or 16.5%), and Germany (€5.99k or 18.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€130k(31.9%)
IMPORT GROWTH (August 2023 - August 2024)€88.9k(28.6%)
MAIN DESTINATION (August 2024)Germany€165k

This section shows Wool'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 Wool over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$15M
IMPORTS (2022)$8.65M
NET TRADE (2022)$6.31M

In 2022, Belgium exported $15M in Wool. The main destinations of Belgium exports on Wool were Germany ($4.71M), China ($2.77M), Austria ($2.59M), France ($871k), and Switzerland ($800k).

In 2022, Belgium imported $8.65M in Wool, mainly from New Zealand ($2.66M), Germany ($1.1M), France ($980k), United Kingdom ($899k), and Spain ($621k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wool EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$1.09M (64.6%)
Germany$854k (22.1%)
Spain$233k (8.07k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wool BY Belgium WERE (2021 - 2022):
France-$456k (-34.4%)
Portugal-$379k (-74%)
United Kingdom-$340k (-50.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Wool were:
Australia $2.22B
South Africa $301M
New Zealand $275M
In 2022, Belgium's main importing competitors in Wool were:
China $2.16B
Italy $223M
India $205M

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Trade Value of Wool by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $1.62M
TOP IMPORT POTENTIALGermany+ $314k

Wool’s highest export potential is China. With an export gap of $1.62M.   Wool’s highest import potential is Germany with an import gap of $314k.

See methodology.

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