Wool in Belgium | The Observatory of Economic Complexity

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

March 2024

About

Overview In March 2024 Belgium's Wool exports accounted up to €799k and imports accounted up to €430k, resulting in a positive trade balance of €370k. Between March 2023 and March 2024 the exports of Belgium's Wool have decreased by €-641k (-44.5%) from €1.44M to €799k, while imports decreased by €-209k (-32.7%) from €639k to €430k.

Destinations In March 2024, Wool were exported mostly to China (€303k), Germany (€142k), Austria (€131k), South Korea (€126k), and United Kingdom (€44.2k), and were imported mostly from New Zealand (€145k), France (€92.9k), Spain (€68.2k), Turkey (€38.9k), and Switzerland (€30.3k).

Growth In March 2024, the decrease in Wool's year-by-year exports was explained primarily by a decrease in exports to Germany (€-338k or -52.9%), Austria (€-107k or -93.2%), and France (€-50k or -35.9%). In March 2024, the decrease in Wool's year-by-year imports was explained primarily by a decrease in imports from France (€-178k or -95.3%), Switzerland (€-40.1k or -52.4%), and United Kingdom (€-35.4k or -99.9%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-641k(-44.5%)

IMPORT GROWTH (March 2023 - March 2024)€-209k(-32.7%)

MAIN DESTINATION (March 2024)China€303k

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

Trade Value

Growth

Growth (%)

Year

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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