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2022
Exports $151MWorld Rnk 9 / 136
Flag Rnk 363 / 1213
2022
Destination $10.8M United States
2021 - 2022
FASTEST GROWING MARKET $10.8MUnited States
2022
PRODUCT COMPLEXITY IN Horses0.24Rnk 475 / 1025
2022
Imports $44.4MWorld Rnk 15 / 165
Flag Rnk 686 / 1214
2022
Origin $4.13M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $4.13MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $151M in Horses, making it the 9th largest exporter of Horses in the world. At the same year, Horses was the 363rd most exported product in Belgium. The main destination of Horses exports from Belgium are: United States ($56.4M), Ireland ($10.3M), France ($9.81M), Netherlands ($8.41M), and United Kingdom ($7.85M).

The fastest growing export markets for Horses of Belgium between 2021 and 2022 were United States ($10.8M), Ireland ($9.13M), and France ($5.71M).

Imports In 2022, Belgium imported $44.4M in Horses, becoming the 15th largest importer of Horses in the world. At the same year, Horses was the 686th most imported product in Belgium. Belgium imports Horses primarily from: Netherlands ($13.4M), France ($6.34M), Germany ($4.26M), Ireland ($3.38M), and United States ($3.18M).

The fastest growing import markets in Horses for Belgium between 2021 and 2022 were France ($4.13M), Ireland ($2.88M), and Sweden ($2.21M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Horses exports accounted up to €13.4M and imports accounted up to €2.5M, resulting in a positive trade balance of €10.9M. Between August 2023 and August 2024 the exports of Belgium's   Horses have increased by €392k (3.02%) from €13M to €13.4M, while imports increased by €275k (12.4%) from €2.22M to €2.5M.

Destinations In August 2024, Horses were exported mostly to Sweden (€3.08M), United States (€2.74M), Denmark (€2.58M), Netherlands (€1.71M), and United Kingdom (€1.02M), and were imported mostly from Sweden (€573k), France (€516k), Germany (€513k), Luxembourg (€382k), and Netherlands (€315k).

Growth In August 2024, the increase in Horses's year-by-year exports was explained primarily by an increase in exports to Germany (€271k or 85.7%), Spain (€264k or 859%), and Italy (€166k or 72.8%). In August 2024, the increase in Horses's year-by-year imports was explained primarily by an increase in imports from France (€7.21M or 9.9k%), Italy (€412k or 193%), and Iceland (€52.8k or 189%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€392k(3.02%)
IMPORT GROWTH (August 2023 - August 2024)€275k(12.4%)
MAIN DESTINATION (August 2024)Sweden€3.08M

This section shows Horses'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 Horses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$151M
IMPORTS (2022)$44.4M
NET TRADE (2022)$107M

In 2022, Belgium exported $151M in Horses. The main destinations of Belgium exports on Horses were United States ($56.4M), Ireland ($10.3M), France ($9.81M), Netherlands ($8.41M), and United Kingdom ($7.85M).

In 2022, Belgium imported $44.4M in Horses, mainly from Netherlands ($13.4M), France ($6.34M), Germany ($4.26M), Ireland ($3.38M), and United States ($3.18M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Horses EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$10.8M (23.7%)
Ireland$9.13M (758%)
France$5.71M (139%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Horses BY Belgium WERE (2021 - 2022):
Qatar-$19.9M (-99.3%)
Netherlands-$10.8M (-56.1%)
China-$2.83M (-68.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Horses were:
United Kingdom $643M
China $608M
Hong Kong $576M
In 2022, Belgium's main importing competitors in Horses were:
United States $723M
Hong Kong $699M
China $597M

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Trade Value of Horses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $4.06M
TOP IMPORT POTENTIALGermany+ $3.17M

Horses’s highest export potential is United Kingdom. With an export gap of $4.06M.   Horses’s highest import potential is Germany with an import gap of $3.17M.

See methodology.

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