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2022
Exports $13MWorld Rnk 29 / 118
Flag Rnk 838 / 1213
2022
Destination $4.42M China
2021 - 2022
FASTEST GROWING MARKET $4.42MChina
2022
PRODUCT COMPLEXITY IN Fish oil-1.83Rnk 985 / 1025
2022
Imports $102MWorld Rnk 10 / 171
Flag Rnk 510 / 1214
2022
Origin $7.22M Peru
2021 - 2022
FASTEST GROWING ORIGIN $7.22MOman
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $13M in Fish oil, making it the 29th largest exporter of Fish oil in the world. At the same year, Fish oil was the 838th most exported product in Belgium. The main destination of Fish oil exports from Belgium are: China ($6.92M), Netherlands ($2.88M), Italy ($1.97M), France ($465k), and Spain ($142k).

The fastest growing export markets for Fish oil of Belgium between 2021 and 2022 were China ($4.42M), Netherlands ($802k), and Austria ($57.9k).

Imports In 2022, Belgium imported $102M in Fish oil, becoming the 10th largest importer of Fish oil in the world. At the same year, Fish oil was the 510th most imported product in Belgium. Belgium imports Fish oil primarily from: Peru ($25.1M), Chile ($17.2M), United States ($16.7M), Oman ($16M), and Netherlands ($9.41M).

The fastest growing import markets in Fish oil for Belgium between 2021 and 2022 were Oman ($7.22M), United States ($4.65M), and India ($2.77M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Fish oil exports accounted up to €6.77k and imports accounted up to €35, resulting in a positive trade balance of €6.74k. Between May 2023 and May 2024 the exports of Belgium's   Fish oil have decreased by €-120k (-94.6%) from €127k to €6.77k, while imports decreased by €-1.19M (-100%) from €1.19M to €35.

Destinations In May 2024, Fish oil were exported mostly to Austria (€6.74k), Czechia (€20), and Germany (€11), and were imported mostly from Germany (€35).

Growth In May 2024, the decrease in Fish oil's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-17.7k or -19.5%) and Spain (€-1.38k or -83.4%). In May 2024, the decrease in Fish oil's year-by-year imports was explained primarily by a decrease in imports from France (€-8.27k or -65.8%) and Germany (€-5.81k or -98.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-120k(-94.6%)
IMPORT GROWTH (May 2023 - May 2024)€-1.19M(-100%)
MAIN DESTINATION (May 2024)Austria€6.74k

This section shows Fish oil'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 Fish oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$13M
IMPORTS (2022)$102M
NET TRADE (2022)-$88.6M

In 2022, Belgium exported $13M in Fish oil. The main destinations of Belgium exports on Fish oil were China ($6.92M), Netherlands ($2.88M), Italy ($1.97M), France ($465k), and Spain ($142k).

In 2022, Belgium imported $102M in Fish oil, mainly from Peru ($25.1M), Chile ($17.2M), United States ($16.7M), Oman ($16M), and Netherlands ($9.41M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Fish oil EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$4.42M (177%)
Netherlands$802k (38.6%)
Austria$57.9k (679%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Fish oil BY Belgium WERE (2021 - 2022):
Hong Kong-$1.66M (-100%)
France-$1.34M (-74.2%)
Denmark-$296k (-90.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Fish oil were:
Peru $556M
Norway $253M
Chile $249M
In 2022, Belgium's main importing competitors in Fish oil were:
Norway $563M
China $258M
Denmark $232M

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Trade Value of Fish oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $1.07M
TOP IMPORT POTENTIALFrance+ $2.12M

Fish oil’s highest export potential is France. With an export gap of $1.07M.   Fish oil’s highest import potential is France with an import gap of $2.12M.

See methodology.

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