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2022
Exports $25.1MWorld Rnk 7 / 99
Flag Rnk 695 / 1213
2022
Destination $2.78M United Kingdom
2021 - 2022
FASTEST GROWING MARKET $2.78MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Ground Nut Oil-1.93Rnk 993 / 1025
2022
Imports $16.2MWorld Rnk 7 / 185
Flag Rnk 865 / 1214
2022
Origin $10.9M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $10.9MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $25.1M in Ground Nut Oil, making it the 7th largest exporter of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 695th most exported product in Belgium. The main destination of Ground Nut Oil exports from Belgium are: United Kingdom ($8.82M), Netherlands ($4.18M), Germany ($3.94M), France ($3.76M), and Spain ($1.26M).

The fastest growing export markets for Ground Nut Oil of Belgium between 2021 and 2022 were United Kingdom ($2.78M), Germany ($959k), and Spain ($225k).

Imports In 2022, Belgium imported $16.2M in Ground Nut Oil, becoming the 7th largest importer of Ground Nut Oil in the world. At the same year, Ground Nut Oil was the 865th most imported product in Belgium. Belgium imports Ground Nut Oil primarily from: Netherlands ($12.1M), Argentina ($1.9M), France ($1.24M), Senegal ($383k), and Spain ($139k).

The fastest growing import markets in Ground Nut Oil for Belgium between 2021 and 2022 were Netherlands ($10.9M), Turkey ($107k), and Spain ($92.4k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Ground Nut Oil exports accounted up to €499k and imports accounted up to €1.73M, resulting in a negative trade balance of €1.23M. Between May 2023 and May 2024 the exports of Belgium's   Ground Nut Oil have decreased by €-2.07M (-80.6%) from €2.57M to €499k, while imports increased by €1.58M (1.11k%) from €143k to €1.73M.

Destinations In May 2024, Ground Nut Oil were exported mostly to Germany (€372k), Australia (€51.6k), United Arab Emirates (€51.2k), Bahrain (€23.3k), and Democratic Republic of the Congo (€594), and were imported mostly from Argentina (€1.72M) and Germany (€10.8k).

Growth In May 2024, the decrease in Ground Nut Oil's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-185k or -61%) and Luxembourg (€-8.11k or -33.7%). In May 2024, the increase in Ground Nut Oil's year-by-year imports was explained primarily by an increase in imports from France (€88.7k or 1.58k%), Netherlands (€4.45k or 14.1%), and United States (€242 or 32.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-2.07M(-80.6%)
IMPORT GROWTH (May 2023 - May 2024)€1.58M(1.11k%)
MAIN DESTINATION (May 2024)Germany€372k

This section shows Ground Nut 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 Ground Nut Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$25.1M
IMPORTS (2022)$16.2M
NET TRADE (2022)$8.94M

In 2022, Belgium exported $25.1M in Ground Nut Oil. The main destinations of Belgium exports on Ground Nut Oil were United Kingdom ($8.82M), Netherlands ($4.18M), Germany ($3.94M), France ($3.76M), and Spain ($1.26M).

In 2022, Belgium imported $16.2M in Ground Nut Oil, mainly from Netherlands ($12.1M), Argentina ($1.9M), France ($1.24M), Senegal ($383k), and Spain ($139k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ground Nut Oil EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United Kingdom$2.78M (45.9%)
Germany$959k (32.1%)
Spain$225k (21.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ground Nut Oil BY Belgium WERE (2021 - 2022):
Netherlands-$300k (-6.7%)
China-$151k (-71%)
Kuwait-$44.4k (-28%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Ground Nut Oil were:
Brazil $277M
India $156M
Argentina $128M
In 2022, Belgium's main importing competitors in Ground Nut Oil were:
China $475M
Italy $65.8M
United States $54.3M

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Trade Value of Ground Nut Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $473k
TOP IMPORT POTENTIALFrance+ $325k

Ground Nut Oil’s highest export potential is France. With an export gap of $473k.   Ground Nut Oil’s highest import potential is France with an import gap of $325k.

See methodology.

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