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2023
Exports $1.32BWorld Rnk 4 / 155
Flag Rnk 55 / 1216
2023
Destination $18.9M Germany
2022 - 2023
FASTEST GROWING MARKET $18.9MHungary
2023
PRODUCT COMPLEXITY IN Amino-resins1.13Rnk 130 / 1025
2023
Imports $476MWorld Rnk 15 / 215
Flag Rnk 151 / 1213
2023
Origin $84.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $84.3MChina
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $1.32B in Amino-resins, making it the 4th largest exporter of Amino-resins in the world. At the same year, Amino-resins was the 55th most exported product in Belgium. The main destination of Amino-resins exports from Belgium are: Germany ($245M), France ($173M), Italy ($102M), Netherlands ($102M), and United Kingdom ($81M).

The fastest growing export markets for Amino-resins of Belgium between 2022 and 2023 were Hungary ($18.9M), Serbia ($2.07M), and South Korea ($1.91M).

Imports In 2023, Belgium imported $476M in Amino-resins, becoming the 15th largest importer of Amino-resins in the world. At the same year, Amino-resins was the 151st most imported product in Belgium. Belgium imports Amino-resins primarily from: Germany ($142M), China ($113M), Netherlands ($70.2M), Hungary ($33M), and Italy ($18M).

The fastest growing import markets in Amino-resins for Belgium between 2022 and 2023 were China ($84.3M), Hungary ($15.6M), and Ireland ($2.74M).

COMPANIES In 2023, leading companies such as Continental Tire (3) were at the forefront of shipping Amino-resins from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Amino-resins exports accounted up to €126M and imports accounted up to €29.4M, resulting in a positive trade balance of €96.3M. Between November 2023 and November 2024 the exports of Belgium's   Amino-resins have increased by €51.6M (69.8%) from €74M to €126M, while imports increased by €15.4M (110%) from €14M to €29.4M.

Destinations In November 2024, Amino-resins were exported mostly to Germany (€21.6M), France (€12M), Netherlands (€10.9M), Turkey (€9.9M), and United Kingdom (€8.32M), and were imported mostly from Germany (€9.77M), Netherlands (€4.48M), France (€3.42M), South Korea (€1.64M), and Ireland (€1.63M).

Growth In November 2024, the increase in Amino-resins's year-by-year exports was explained primarily by an increase in exports to Italy (€2.5M or 29.7%), United Kingdom (€2.03M or 25.9%), and Argentina (€1.25M or 105%). In November 2024, the increase in Amino-resins's year-by-year imports was explained primarily by an increase in imports from China (€29.5M or 1.65k%), Saudi Arabia (€2.89M or 2.12k%), and Hungary (€1.23M or 136%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€51.6M(69.8%)
IMPORT GROWTH (November 2023 - November 2024)€15.4M(110%)
MAIN DESTINATION (November 2024)Germany€21.6M

This section shows Amino-resins'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 Amino-resins over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$1.32B
IMPORTS (2023)$476M
NET TRADE (2023)$840M

In 2023, Belgium exported $1.32B in Amino-resins. The main destinations of Belgium exports on Amino-resins were Germany ($245M), France ($173M), Italy ($102M), Netherlands ($102M), and United Kingdom ($81M).

In 2023, Belgium imported $476M in Amino-resins, mainly from Germany ($142M), China ($113M), Netherlands ($70.2M), Hungary ($33M), and Italy ($18M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Amino-resins EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Hungary$18.9M (223%)
Serbia$2.07M (24.2%)
South Korea$1.91M (149%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Amino-resins BY Belgium WERE (2022 - 2023):
France-$115M (-39.9%)
United States-$67.4M (-66.7%)
Germany-$59.5M (-19.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Amino-resins were:
China $3.46B
Germany $3.25B
United States $1.53B
In 2023, Belgium's main importing competitors in Amino-resins were:
China $1.56B
Germany $1.16B
United States $1.1B

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Trade Value of Amino-resins by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $76.8M
TOP IMPORT POTENTIALGermany+ $44.6M

Amino-resins’s highest export potential is Germany. With an export gap of $76.8M.   Amino-resins’s highest import potential is Germany with an import gap of $44.6M.

See methodology.

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