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2023
Exports $354MWorld Rnk 8 / 163
Flag Rnk 201 / 1216
2023
Destination $17.3M France
2022 - 2023
FASTEST GROWING MARKET $17.3MNetherlands
2023
PRODUCT COMPLEXITY IN Bananas-1.96Rnk 995 / 1025
2023
Imports $474MWorld Rnk 10 / 203
Flag Rnk 153 / 1213
2023
Origin $26.6M Colombia
2022 - 2023
FASTEST GROWING ORIGIN $26.6MCosta Rica
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $354M in Bananas, making it the 8th largest exporter of Bananas in the world. At the same year, Bananas was the 201st most exported product in Belgium. The main destination of Bananas exports from Belgium are: France ($142M), Netherlands ($123M), Romania ($25.9M), Hungary ($18.4M), and Czechia ($17.3M).

The fastest growing export markets for Bananas of Belgium between 2022 and 2023 were Netherlands ($17.3M), Latvia ($6.58M), and Romania ($6.42M).

Imports In 2023, Belgium imported $474M in Bananas, becoming the 10th largest importer of Bananas in the world. At the same year, Bananas was the 153rd most imported product in Belgium. Belgium imports Bananas primarily from: Colombia ($118M), Costa Rica ($110M), Netherlands ($83.1M), Ecuador ($67.5M), and Cote d'Ivoire ($27.1M).

The fastest growing import markets in Bananas for Belgium between 2022 and 2023 were Costa Rica ($26.6M), Netherlands ($15.5M), and Cote d'Ivoire ($5.66M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Bananas exports accounted up to €11.4M and imports accounted up to €21.8M, resulting in a negative trade balance of €10.4M. Between October 2023 and October 2024 the exports of Belgium's   Bananas have decreased by €-4.34M (-27.6%) from €15.7M to €11.4M, while imports increased by €107k (0.49%) from €21.7M to €21.8M.

Destinations In October 2024, Bananas were exported mostly to France (€2.87M), Germany (€2.67M), Netherlands (€1.62M), Czechia (€1.19M), and Poland (€774k), and were imported mostly from Netherlands (€6.49M), Colombia (€4.62M), Germany (€2.5M), Costa Rica (€2.11M), and Ecuador (€1.94M).

Growth In October 2024, the decrease in Bananas's year-by-year exports was explained primarily by a decrease in exports to France (€-149k or -3.41%), Latvia (€-81.9k or -57.3%), and Croatia (€-51.4k or -31.1%). In October 2024, the increase in Bananas's year-by-year imports was explained primarily by an increase in imports from Colombia (€5.52M or 603%), Costa Rica (€3.73M or 1.23k%), and Ecuador (€2.19M or 121%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-4.34M(-27.6%)
IMPORT GROWTH (October 2023 - October 2024)€107k(0.49%)
MAIN DESTINATION (October 2024)France€2.87M

This section shows Bananas'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 Bananas over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$354M
IMPORTS (2023)$474M
NET TRADE (2023)-$120M

In 2023, Belgium exported $354M in Bananas. The main destinations of Belgium exports on Bananas were France ($142M), Netherlands ($123M), Romania ($25.9M), Hungary ($18.4M), and Czechia ($17.3M).

In 2023, Belgium imported $474M in Bananas, mainly from Colombia ($118M), Costa Rica ($110M), Netherlands ($83.1M), Ecuador ($67.5M), and Cote d'Ivoire ($27.1M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Bananas EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$17.3M (16.3%)
Latvia$6.58M (148%)
Romania$6.42M (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bananas BY Belgium WERE (2022 - 2023):
Croatia-$7.55M (-95.4%)
Sweden-$4.47M (-75.3%)
Bulgaria-$486k (-76.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Bananas were:
Ecuador $4.51B
Costa Rica $1.74B
Guatemala $1.55B
In 2023, Belgium's main importing competitors in Bananas were:
United States $2.99B
China $1.21B
Japan $940M

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Trade Value of Bananas by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.1M
TOP IMPORT POTENTIALEcuador+ $7.85M

Bananas’s highest export potential is Germany. With an export gap of $15.1M.   Bananas’s highest import potential is Ecuador with an import gap of $7.85M.

See methodology.

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