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2022
Exports $201MWorld Rnk 12 / 177
Flag Rnk 301 / 1213
2022
Destination $7.73M Germany
2021 - 2022
FASTEST GROWING MARKET $7.73MSaudi Arabia
2022
PRODUCT COMPLEXITY IN Bandages0.96Rnk 187 / 1025
2022
Imports $313MWorld Rnk 8 / 221
Flag Rnk 272 / 1214
2022
Origin $11.8M Finland
2021 - 2022
FASTEST GROWING ORIGIN $11.8MFinland
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $201M in Bandages, making it the 12th largest exporter of Bandages in the world. At the same year, Bandages was the 301st most exported product in Belgium. The main destination of Bandages exports from Belgium are: Germany ($23.9M), France ($17.9M), Netherlands ($16.3M), United States ($15.3M), and Hungary ($13.7M).

The fastest growing export markets for Bandages of Belgium between 2021 and 2022 were Saudi Arabia ($7.73M), United States ($2.54M), and Hungary ($2.2M).

Imports In 2022, Belgium imported $313M in Bandages, becoming the 8th largest importer of Bandages in the world. At the same year, Bandages was the 272nd most imported product in Belgium. Belgium imports Bandages primarily from: Finland ($66M), United States ($37.8M), Netherlands ($34.3M), Germany ($32.3M), and Czechia ($27.3M).

The fastest growing import markets in Bandages for Belgium between 2021 and 2022 were Finland ($11.8M), United States ($8.41M), and Netherlands ($4.99M).

COMPANIES In 2023, leading companies such as Dow Chemical (1) were at the forefront of shipping Bandages from Belgium to the United States.

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Bandages exports accounted up to €15.7M and imports accounted up to €15.4M, resulting in a positive trade balance of €263k. Between August 2023 and August 2024 the exports of Belgium's   Bandages have increased by €2.7M (20.8%) from €13M to €15.7M, while imports increased by €3.3M (27.3%) from €12.1M to €15.4M.

Destinations In August 2024, Bandages were exported mostly to Germany (€2.09M), France (€1.36M), Ireland (€1.28M), United States (€1.18M), and Netherlands (€1M), and were imported mostly from Germany (€5.61M), United States (€2.92M), Netherlands (€2.29M), China (€1.06M), and Finland (€937k).

Growth In August 2024, the increase in Bandages's year-by-year exports was explained primarily by an increase in exports to Saudi Arabia (€763k or 365%), Spain (€483k or 229%), and Netherlands (€185k or 23%). In August 2024, the increase in Bandages's year-by-year imports was explained primarily by an increase in imports from Finland (€492k or 77.2%), Netherlands (€407k or 16.8%), and United Kingdom (€227k or 174%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€2.7M(20.8%)
IMPORT GROWTH (August 2023 - August 2024)€3.3M(27.3%)
MAIN DESTINATION (August 2024)Germany€2.09M

This section shows Bandages'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 Bandages over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$201M
IMPORTS (2022)$313M
NET TRADE (2022)-$112M

In 2022, Belgium exported $201M in Bandages. The main destinations of Belgium exports on Bandages were Germany ($23.9M), France ($17.9M), Netherlands ($16.3M), United States ($15.3M), and Hungary ($13.7M).

In 2022, Belgium imported $313M in Bandages, mainly from Finland ($66M), United States ($37.8M), Netherlands ($34.3M), Germany ($32.3M), and Czechia ($27.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Bandages EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Saudi Arabia$7.73M (220%)
United States$2.54M (19.9%)
Hungary$2.2M (19.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Bandages BY Belgium WERE (2021 - 2022):
United Kingdom-$14.7M (-53.3%)
France-$4.96M (-21.7%)
Italy-$2.56M (-16.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Bandages were:
China $2.84B
United States $1.04B
Germany $861M
In 2022, Belgium's main importing competitors in Bandages were:
United States $1.7B
Germany $940M
Netherlands $592M

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Trade Value of Bandages by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $19.8M
TOP IMPORT POTENTIALGermany+ $19.3M

Bandages’s highest export potential is Germany. With an export gap of $19.8M.   Bandages’s highest import potential is Germany with an import gap of $19.3M.

See methodology.

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