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2022
Exports $9.39BWorld Rnk 7 / 222
Flag Rnk 10 / 96
2022
Destination $359M Netherlands
2021 - 2022
FASTEST GROWING MARKET $359MNetherlands
2022
PRODUCT COMPLEXITY IN Chemical products n.e.s.1.97Rnk 6 / 1025
2022
Imports $10.3BWorld Rnk 6 / 226
Flag Rnk 11 / 96
2022
Origin $469M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $469MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $9.39B in Chemical products n.e.s., making it the 7th 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: Netherlands ($2.11B), France ($1.75B), Germany ($1.6B), Italy ($446M), and United States ($279M).

The fastest growing export markets for Chemical products n.e.s. of Belgium between 2021 and 2022 were Netherlands ($359M), France ($357M), and Germany ($330M).

Imports In 2022, Belgium imported $10.3B in Chemical products n.e.s., becoming the 6th 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 ($3.29B), Germany ($2.15B), France ($1.22B), Italy ($705M), and China ($677M).

The fastest growing import markets in Chemical products n.e.s. for Belgium between 2021 and 2022 were Germany ($469M), China ($354M), and Netherlands ($139M).

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

July 2024

About

Overview In July 2024 Belgium's Chemical products n.e.s. exports accounted up to €593M and imports accounted up to €473M, resulting in a positive trade balance of €120M. Between July 2023 and July 2024 the exports of Belgium's   Chemical products n.e.s. have increased by €64.9M (12.3%) from €528M to €593M, while imports increased by €40.8M (9.44%) from €432M to €473M.

Destinations In July 2024, Chemical products n.e.s. were exported mostly to France (€154M), Germany (€97.9M), Netherlands (€73M), United States (€28.4M), and United Kingdom (€26.8M), and were imported mostly from Netherlands (€127M), Germany (€102M), France (€74.9M), United States (€51.6M), and Italy (€18.1M).

Growth In July 2024, the increase in Chemical products n.e.s.'s year-by-year exports was explained primarily by an increase in exports to Sweden (€13.3M or 353%), Japan (€9.48M or 503%), and Bulgaria (€7.83M or 662%). In July 2024, the increase in Chemical products n.e.s.'s year-by-year imports was explained primarily by an increase in imports from Spain (€25.6M or 603%), France (€20.6M or 26.5%), and United States (€18M or 77.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€64.9M(12.3%)
IMPORT GROWTH (July 2023 - July 2024)€40.8M(9.44%)
MAIN DESTINATION (July 2024)France€154M

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 (2022)$9.39B
IMPORTS (2022)$10.3B
NET TRADE (2022)-$925M

In 2022, Belgium exported $9.39B in Chemical products n.e.s.. The main destinations of Belgium exports on Chemical products n.e.s. were Netherlands ($2.11B), France ($1.75B), Germany ($1.6B), Italy ($446M), and United States ($279M).

In 2022, Belgium imported $10.3B in Chemical products n.e.s., mainly from Netherlands ($3.29B), Germany ($2.15B), France ($1.22B), Italy ($705M), and China ($677M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chemical products n.e.s. EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$359M (20.5%)
France$357M (25.5%)
Germany$330M (25.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chemical products n.e.s. BY Belgium WERE (2021 - 2022):
Croatia-$119M (-64.1%)
China-$107M (-48.8%)
Russia-$98.1M (-71.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Chemical products n.e.s. were:
China $42.1B
United States $30.3B
Germany $26.5B
In 2022, Belgium's main importing competitors in Chemical products n.e.s. were:
United States $17.8B
Germany $17.8B
Netherlands $16.9B

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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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