2022
Exports
$408MWorld Rnk 9 / 145
Flag Rnk 174 / 1213
2022
PRODUCT COMPLEXITY IN Carboxylic Acids
0.82Rnk 239 / 1025
2022
Imports
$324MWorld Rnk 14 / 203
Flag Rnk 265 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $408M in Carboxylic Acids, making it the 9th largest exporter of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 174th most exported product in Belgium. The main destination of Carboxylic Acids exports from Belgium are: Germany ($84.5M), Netherlands ($61.2M), Italy ($42.9M), France ($41.4M), and United Kingdom ($37.9M).

The fastest growing export markets for Carboxylic Acids of Belgium between 2021 and 2022 were United Kingdom ($22.9M), Germany ($21.4M), and France ($9.03M).

Imports In 2022, Belgium imported $324M in Carboxylic Acids, becoming the 14th largest importer of Carboxylic Acids in the world. At the same year, Carboxylic Acids was the 265th most imported product in Belgium. Belgium imports Carboxylic Acids primarily from: China ($97.2M), Netherlands ($45.6M), India ($28.5M), South Korea ($25.5M), and Germany ($23.6M).

The fastest growing import markets in Carboxylic Acids for Belgium between 2021 and 2022 were China ($36.2M), India ($21.7M), and South Korea ($6.72M).

COMPANIES In 2023, leading companies such as Dow Chemical (7), Givaudan Fragrances (2), and Baxter Healthcare (1) were at the forefront of shipping Carboxylic Acids from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-10.7M(-51.3%)
IMPORT GROWTH (August 2023 - August 2024)€-1.41M(-11.7%)
MAIN DESTINATION (August 2024)Netherlands€2.07M

This section shows Carboxylic Acids'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 Carboxylic Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$408M
IMPORTS (2022)$324M
NET TRADE (2022)$84.3M

In 2022, Belgium exported $408M in Carboxylic Acids. The main destinations of Belgium exports on Carboxylic Acids were Germany ($84.5M), Netherlands ($61.2M), Italy ($42.9M), France ($41.4M), and United Kingdom ($37.9M).

In 2022, Belgium imported $324M in Carboxylic Acids, mainly from China ($97.2M), Netherlands ($45.6M), India ($28.5M), South Korea ($25.5M), and Germany ($23.6M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Carboxylic Acids EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United Kingdom$22.9M (152%)
Germany$21.4M (33.9%)
France$9.03M (27.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Carboxylic Acids BY Belgium WERE (2021 - 2022):
United States-$4.79M (-21%)
Luxembourg-$1.32M (-10.9%)
Chile-$1.29M (-64.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Carboxylic Acids were:
China $5.45B
India $776M
In 2022, Belgium's main importing competitors in Carboxylic Acids were:

Explore Visualizations

Trade Value of Carboxylic Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $29.1M
TOP IMPORT POTENTIALGermany+ $15.4M

Carboxylic Acids’s highest export potential is Germany. With an export gap of $29.1M.   Carboxylic Acids’s highest import potential is Germany with an import gap of $15.4M.

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