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2022
Exports $2.23BWorld Rnk 3 / 158
Flag Rnk 27 / 1213
2022
Destination $126M Germany
2021 - 2022
FASTEST GROWING MARKET $126MGermany
2022
PRODUCT COMPLEXITY IN Amino-resins1.18Rnk 111 / 1025
2022
Imports $775MWorld Rnk 11 / 215
Flag Rnk 127 / 1214
2022
Origin $92.8M Germany
2021 - 2022
FASTEST GROWING ORIGIN $92.8MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $2.23B in Amino-resins, making it the 3rd largest exporter of Amino-resins in the world. At the same year, Amino-resins was the 27th most exported product in Belgium. The main destination of Amino-resins exports from Belgium are: Germany ($498M), France ($290M), United States ($233M), Netherlands ($158M), and Italy ($127M).

The fastest growing export markets for Amino-resins of Belgium between 2021 and 2022 were Germany ($126M), United States ($90.2M), and Italy ($39.8M).

Imports In 2022, Belgium imported $775M in Amino-resins, becoming the 11th largest importer of Amino-resins in the world. At the same year, Amino-resins was the 127th most imported product in Belgium. Belgium imports Amino-resins primarily from: Germany ($328M), Netherlands ($146M), Portugal ($90.1M), China ($62.8M), and United States ($24.9M).

The fastest growing import markets in Amino-resins for Belgium between 2021 and 2022 were Germany ($92.8M), China ($21.5M), and Norway ($4.22M).

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

August 2024

About

Overview In August 2024 Belgium's Amino-resins exports accounted up to €144M and imports accounted up to €49.4M, resulting in a positive trade balance of €95.1M. Between August 2023 and August 2024 the exports of Belgium's   Amino-resins have increased by €44.7M (44.8%) from €99.7M to €144M, while imports increased by €14.3M (40.8%) from €35.1M to €49.4M.

Destinations In August 2024, Amino-resins were exported mostly to United States (€35.3M), Germany (€23.5M), France (€10.1M), Brazil (€7.9M), and Netherlands (€7.7M), and were imported mostly from China (€22.2M), Germany (€9.85M), Netherlands (€5.58M), Hungary (€3.67M), and France (€1.6M).

Growth In August 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 August 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 (August 2023 - August 2024)€44.7M(44.8%)
IMPORT GROWTH (August 2023 - August 2024)€14.3M(40.8%)
MAIN DESTINATION (August 2024)United States€35.3M

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 (2022)$2.23B
IMPORTS (2022)$775M
NET TRADE (2022)$1.45B

In 2022, Belgium exported $2.23B in Amino-resins. The main destinations of Belgium exports on Amino-resins were Germany ($498M), France ($290M), United States ($233M), Netherlands ($158M), and Italy ($127M).

In 2022, Belgium imported $775M in Amino-resins, mainly from Germany ($328M), Netherlands ($146M), Portugal ($90.1M), China ($62.8M), and United States ($24.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Amino-resins EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$126M (34%)
United States$90.2M (63.1%)
Italy$39.8M (45.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Amino-resins BY Belgium WERE (2021 - 2022):
Russia-$29.1M (-41.2%)
Czechia-$16.7M (-41.5%)
United Kingdom-$12.1M (-9.88%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Amino-resins were:
Germany $3.83B
China $3.81B
In 2022, Belgium's main importing competitors in Amino-resins were:
China $1.8B
United States $1.72B
Germany $1.69B

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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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