2023
Exports
$9.54BWorld Rnk 8 / 221
Flag Rnk 10 / 96
2023
PRODUCT COMPLEXITY IN Chemical products n.e.s.
1.86Rnk 7 / 1025
2023
Imports
$6.07BWorld Rnk 13 / 226
Flag Rnk 11 / 96
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $9.54B in Chemical products n.e.s., making it the 8th largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 10th most exported product in Belgium. The main destination of Chemical products n.e.s. exports from Belgium are: France ($2.27B), Netherlands ($1.84B), Germany ($1.34B), Italy ($536M), and United Kingdom ($264M).

The fastest growing export markets for Chemical products n.e.s. of Belgium between 2022 and 2023 were Saudi Arabia ($33.3M), Italy ($30.3M), and United Kingdom ($18.1M).

Imports In 2023, Belgium imported $6.07B in Chemical products n.e.s., becoming the 13th largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 11th most imported product in Belgium. Belgium imports Chemical products n.e.s. primarily from: Netherlands ($1.85B), Germany ($1.15B), France ($913M), United States ($522M), and Italy ($220M).

The fastest growing import markets in Chemical products n.e.s. for Belgium between 2022 and 2023 were United States ($56.9M), South Korea ($32.6M), and Denmark ($20.6M).

COMPANIES In 2023, leading companies such as RHI Magnesita (26), Givaudan Fragrances (21), and Busa Distribution Center (11) were at the forefront of shipping Chemical products n.e.s. from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€221M(45.1%)
IMPORT GROWTH (November 2023 - November 2024)€78.9M(21.5%)
MAIN DESTINATION (November 2024)France€114M

This section shows Chemical products n.e.s.'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 Chemical products n.e.s. over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.54B
IMPORTS (2023)$6.07B
NET TRADE (2023)$3.48B

In 2023, Belgium exported $9.54B in Chemical products n.e.s.. The main destinations of Belgium exports on Chemical products n.e.s. were France ($2.27B), Netherlands ($1.84B), Germany ($1.34B), Italy ($536M), and United Kingdom ($264M).

In 2023, Belgium imported $6.07B in Chemical products n.e.s., mainly from Netherlands ($1.85B), Germany ($1.15B), France ($913M), United States ($522M), and Italy ($220M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Saudi Arabia$33.3M (105%)
Italy$30.3M (5.99%)
United Kingdom$18.1M (7.36%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY Belgium WERE (2022 - 2023):
Netherlands-$898M (-32.8%)
Germany-$438M (-24.7%)
Spain-$154M (-37%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Chemical products n.e.s. were:
In 2023, Belgium's main importing competitors in Chemical products n.e.s. were:

Explore Visualizations

Trade Value of Chemical products n.e.s. by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $469M
TOP IMPORT POTENTIALGermany+ $412M

Chemical products n.e.s.’s highest export potential is Germany. With an export gap of $469M.   Chemical products n.e.s.’s highest import potential is Germany with an import gap of $412M.

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