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2022
Exports $943MWorld Rnk 5 / 148
Flag Rnk 81 / 1213
2022
Destination $130M France
2021 - 2022
FASTEST GROWING MARKET $130MFrance
2022
PRODUCT COMPLEXITY IN Butter0.015Rnk 543 / 1025
2022
Imports $742MWorld Rnk 5 / 220
Flag Rnk 131 / 1214
2022
Origin $111M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $111MIreland
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

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

July 2024

About

Overview In July 2024 Belgium's Butter exports accounted up to €64.7M and imports accounted up to €47.5M, resulting in a positive trade balance of €17.2M. Between July 2023 and July 2024 the exports of Belgium's   Butter have increased by €207k (0.32%) from €64.5M to €64.7M, while imports increased by €1.51M (3.28%) from €46M to €47.5M.

Destinations In July 2024, Butter were exported mostly to France (€30.3M), Netherlands (€8.15M), Italy (€6.97M), Germany (€3.71M), and Spain (€2.29M), and were imported mostly from Netherlands (€18.6M), Ireland (€17.6M), France (€5.77M), Germany (€4.78M), and Spain (€293k).

Growth In July 2024, the increase in Butter's year-by-year exports was explained primarily by an increase in exports to France (€15.1M or 78.7%), Italy (€3.29M or 69.9%), and Indonesia (€1.84M or 472%). In July 2024, the increase in Butter's year-by-year imports was explained primarily by an increase in imports from United Kingdom (€9.17M or 1.46k%), Netherlands (€5.41M or 23%), and Denmark (€2.14M or 206%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€207k(0.32%)
IMPORT GROWTH (July 2023 - July 2024)€1.51M(3.28%)
MAIN DESTINATION (July 2024)France€30.3M

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
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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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Butter EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$130M (41.9%)
Italy$24.6M (34.7%)
Germany$17.3M (32.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Butter BY Belgium WERE (2021 - 2022):
Denmark-$3.64M (-40.4%)
Indonesia-$3.29M (-24.4%)
Portugal-$2.32M (-54.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Butter were:
New Zealand $2.78B
Netherlands $2.03B
Ireland $1.46B
In 2022, Belgium's main importing competitors in Butter were:
France $1.53B
Netherlands $1.04B
Germany $987M

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Trade Value of Butter by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $47.9M
TOP IMPORT POTENTIALGermany+ $28.8M

Butter’s highest export potential is Germany. With an export gap of $47.9M.   Butter’s highest import potential is Germany with an import gap of $28.8M.

See methodology.

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