Butter in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $943M in Butter, making it the 5th largest exporter of Butter in the world. At the same year, Butter was the 81st most exported product in Belgium. The main destination of Butter exports from Belgium are: France ($441M), Netherlands ($126M), Italy ($95.2M), Germany ($69.7M), and Spain ($29.9M).

The fastest growing export markets for Butter of Belgium between 2021 and 2022 were France ($130M), Italy ($24.6M), and Germany ($17.3M).

Imports In 2022, Belgium imported $742M in Butter, becoming the 5th largest importer of Butter in the world. At the same year, Butter was the 131st most imported product in Belgium. Belgium imports Butter primarily from: Netherlands ($299M), Ireland ($148M), France ($124M), Germany ($53M), and Denmark ($37.4M).

The fastest growing import markets in Butter for Belgium between 2021 and 2022 were Ireland ($111M), Netherlands ($51M), and Denmark ($29.1M).

Latest Trends

January 2024

About

Overview In January 2024 Belgium's Butter exports accounted up to €72.6M and imports accounted up to €39.8M, resulting in a positive trade balance of €32.8M. Between January 2023 and January 2024 the exports of Belgium's Butter have decreased by €-1.96M (-2.63%) from €74.5M to €72.6M, while imports decreased by €-22.7M (-36.3%) from €62.5M to €39.8M.

Destinations In January 2024, Butter were exported mostly to France (€31.7M), Netherlands (€8.05M), Italy (€7.89M), Germany (€6.25M), and Spain (€2.58M), and were imported mostly from Netherlands (€19.9M), France (€9.04M), United Kingdom (€4.51M), Germany (€3.74M), and Ireland (€919k).

Growth In January 2024, the decrease in Butter's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-2.74M or -83.4%), China (€-1.94M or -70.4%), and Germany (€-755k or -14%). In January 2024, the decrease in Butter's year-by-year imports was explained primarily by a decrease in imports from France (€-5.37M or -42.1%), Poland (€-3.84M or -94.4%), and Germany (€-1.28M or -16.3%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-1.96M(-2.63%)

IMPORT GROWTH (January 2023 - January 2024)€-22.7M(-36.3%)

MAIN DESTINATION (January 2024)France€31.7M

This section shows Butter'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 Butter over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$943M

IMPORTS (2022)$742M

NET TRADE (2022)$201M

In 2022, Belgium exported $943M in Butter. The main destinations of Belgium exports on Butter were France ($441M), Netherlands ($126M), Italy ($95.2M), Germany ($69.7M), and Spain ($29.9M).

In 2022, Belgium imported $742M in Butter, mainly from Netherlands ($299M), Ireland ($148M), France ($124M), Germany ($53M), and Denmark ($37.4M).

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