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2023
Exports $81MWorld Rnk 4 / 113
Flag Rnk 481 / 1216
2023
Destination $462k Netherlands
2022 - 2023
FASTEST GROWING MARKET $462kItaly
2023
PRODUCT COMPLEXITY IN Linseed-0.87Rnk 800 / 1025
2023
Imports $268MWorld Rnk 2 / 187
Flag Rnk 255 / 1213
2023
Origin $10.7M Russia
2022 - 2023
FASTEST GROWING ORIGIN $10.7MRussia
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $81M in Linseed, making it the 4th largest exporter of Linseed in the world. At the same year, Linseed was the 481st most exported product in Belgium. The main destination of Linseed exports from Belgium are: Netherlands ($42.9M), France ($13.9M), Germany ($12M), Denmark ($4.64M), and Switzerland ($1.48M).

The fastest growing export markets for Linseed of Belgium between 2022 and 2023 were Italy ($462k), Estonia ($234k), and Egypt ($169k).

Imports In 2023, Belgium imported $268M in Linseed, becoming the 2nd largest importer of Linseed in the world. At the same year, Linseed was the 255th most imported product in Belgium. Belgium imports Linseed primarily from: Russia ($154M), Kazakhstan ($87.7M), France ($10.1M), Netherlands ($3.24M), and Germany ($2.65M).

The fastest growing import markets in Linseed for Belgium between 2022 and 2023 were Russia ($10.7M), Ukraine ($1.88M), and Czechia ($801k).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Linseed exports accounted up to €8.24M and imports accounted up to €10.9M, resulting in a negative trade balance of €2.7M. Between October 2023 and October 2024 the exports of Belgium's   Linseed have increased by €144k (1.78%) from €8.1M to €8.24M, while imports decreased by €-9.81M (-47.3%) from €20.7M to €10.9M.

Destinations In October 2024, Linseed were exported mostly to Netherlands (€3.47M), Germany (€1.9M), France (€1.33M), United Kingdom (€439k), and Denmark (€391k), and were imported mostly from Kazakhstan (€6.59M), Ukraine (€2.14M), Canada (€624k), France (€553k), and Russia (€296k).

Growth In October 2024, the increase in Linseed's year-by-year exports was explained primarily by an increase in exports to France (€441k or 33.2%), Austria (€277k or 4.55k%), and Netherlands (€264k or 13.2%). In October 2024, the decrease in Linseed's year-by-year imports was explained primarily by a decrease in imports from Kazakhstan (€-3.42M or -52.3%), Poland (€-356k or -80.8%), and United Kingdom (€-315k or -76.9%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€144k(1.78%)
IMPORT GROWTH (October 2023 - October 2024)€-9.81M(-47.3%)
MAIN DESTINATION (October 2024)Netherlands€3.47M

This section shows Linseed'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 Linseed over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$81M
IMPORTS (2023)$268M
NET TRADE (2023)-$187M

In 2023, Belgium exported $81M in Linseed. The main destinations of Belgium exports on Linseed were Netherlands ($42.9M), France ($13.9M), Germany ($12M), Denmark ($4.64M), and Switzerland ($1.48M).

In 2023, Belgium imported $268M in Linseed, mainly from Russia ($154M), Kazakhstan ($87.7M), France ($10.1M), Netherlands ($3.24M), and Germany ($2.65M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Linseed EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$462k (86.6%)
Estonia$234k (290%)
Egypt$169k (248%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Linseed BY Belgium WERE (2022 - 2023):
Netherlands-$3.53M (-7.6%)
Portugal-$2.16M (-96%)
Germany-$984k (-7.6%)
Explore Visualizations

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Linseed were:
Russia $646M
Kazakhstan $317M
Canada $164M
In 2023, Belgium's main importing competitors in Linseed were:
China $566M
United States $121M

Explore Visualizations

Trade Value of Linseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.18M
TOP IMPORT POTENTIALNetherlands+ $2.13M

Linseed’s highest export potential is Germany. With an export gap of $3.18M.   Linseed’s highest import potential is Netherlands with an import gap of $2.13M.

See methodology.

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