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2023
Exports $28.2MWorld Rnk 6 / 76
Flag Rnk 690 / 1216
2023
Destination $1.14M Italy
2022 - 2023
FASTEST GROWING MARKET $1.14MCzechia
2023
PRODUCT COMPLEXITY IN Hops0.45Rnk 386 / 1025
2023
Imports $60.2MWorld Rnk 3 / 162
Flag Rnk 571 / 1213
2023
Origin $995k United States
2022 - 2023
FASTEST GROWING ORIGIN $995kUnited States
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $28.2M in Hops, making it the 6th largest exporter of Hops in the world. At the same year, Hops was the 690th most exported product in Belgium. The main destination of Hops exports from Belgium are: Italy ($4.38M), France ($4.28M), Sweden ($3.43M), Spain ($2.86M), and Denmark ($2.57M).

The fastest growing export markets for Hops of Belgium between 2022 and 2023 were Czechia ($1.14M), Slovenia ($878k), and Sweden ($552k).

Imports In 2023, Belgium imported $60.2M in Hops, becoming the 3rd largest importer of Hops in the world. At the same year, Hops was the 571st most imported product in Belgium. Belgium imports Hops primarily from: United States ($45M), Germany ($10.3M), Czechia ($1.48M), Slovenia ($774k), and New Zealand ($631k).

The fastest growing import markets in Hops for Belgium between 2022 and 2023 were United States ($995k), New Zealand ($459k), and Czechia ($226k).

COMPANIES In 2023, leading companies such as Heineken (1) were at the forefront of shipping Hops from Belgium to the United States.

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Hops exports accounted up to €4.37M and imports accounted up to €4.24M, resulting in a positive trade balance of €130k. Between October 2023 and October 2024 the exports of Belgium's   Hops have decreased by €-2.75k (-0.063%) from €4.37M to €4.37M, while imports decreased by €-620k (-12.7%) from €4.86M to €4.24M.

Destinations In October 2024, Hops were exported mostly to France (€1.17M), Sweden (€744k), Italy (€400k), Denmark (€395k), and Netherlands (€266k), and were imported mostly from United States (€3.63M), Germany (€395k), Czechia (€107k), New Zealand (€94.8k), and Slovenia (€6.23k).

Growth In October 2024, the decrease in Hops's year-by-year exports was explained primarily by a decrease in exports to Spain (€-163k or -53%), Poland (€-121k or -44.7%), and Czechia (€-86.8k or -52.5%). In October 2024, the decrease in Hops's year-by-year imports was explained primarily by a decrease in imports from Germany (€-590k or -57.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-2.75k(-0.063%)
IMPORT GROWTH (October 2023 - October 2024)€-620k(-12.7%)
MAIN DESTINATION (October 2024)France€1.17M

This section shows Hops'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 Hops over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$28.2M
IMPORTS (2023)$60.2M
NET TRADE (2023)-$32M

In 2023, Belgium exported $28.2M in Hops. The main destinations of Belgium exports on Hops were Italy ($4.38M), France ($4.28M), Sweden ($3.43M), Spain ($2.86M), and Denmark ($2.57M).

In 2023, Belgium imported $60.2M in Hops, mainly from United States ($45M), Germany ($10.3M), Czechia ($1.48M), Slovenia ($774k), and New Zealand ($631k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hops EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Czechia$1.14M (344%)
Slovenia$878k (65.8%)
Sweden$552k (19.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hops BY Belgium WERE (2022 - 2023):
Ireland-$1.45M (-58.2%)
Finland-$378k (-17.1%)
United Kingdom-$273k (-37.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Hops were:
United States $252M
Germany $238M
Czechia $53.5M
In 2023, Belgium's main importing competitors in Hops were:
Germany $74.2M
United States $67.6M

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Trade Value of Hops by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.44M
TOP IMPORT POTENTIALGermany+ $3.75M

Hops’s highest export potential is Germany. With an export gap of $1.44M.   Hops’s highest import potential is Germany with an import gap of $3.75M.

See methodology.

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