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2023
Exports $814MWorld Rnk 2 / 162
Flag Rnk 96 / 1216
2023
Destination $35M France
2022 - 2023
FASTEST GROWING MARKET $35MIreland
2023
PRODUCT COMPLEXITY IN Margarine-0.85Rnk 793 / 1025
2023
Imports $130MWorld Rnk 13 / 221
Flag Rnk 401 / 1213
2023
Origin $12.6M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $12.6MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $814M in Margarine, making it the 2nd largest exporter of Margarine in the world. At the same year, Margarine was the 96th most exported product in Belgium. The main destination of Margarine exports from Belgium are: France ($273M), Ireland ($112M), Netherlands ($94.1M), Germany ($91M), and United Kingdom ($60.5M).

The fastest growing export markets for Margarine of Belgium between 2022 and 2023 were Ireland ($35M), France ($32.3M), and Italy ($4.04M).

Imports In 2023, Belgium imported $130M in Margarine, becoming the 13th largest importer of Margarine in the world. At the same year, Margarine was the 401st most imported product in Belgium. Belgium imports Margarine primarily from: Netherlands ($64.8M), Germany ($26.3M), Denmark ($11.6M), Poland ($5.37M), and United Kingdom ($4M).

The fastest growing import markets in Margarine for Belgium between 2022 and 2023 were Netherlands ($12.6M), Poland ($5.22M), and United Kingdom ($2.97M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Margarine exports accounted up to €65.1M and imports accounted up to €10.2M, resulting in a positive trade balance of €54.9M. Between November 2023 and November 2024 the exports of Belgium's   Margarine have increased by €11.9M (22.4%) from €53.2M to €65.1M, while imports increased by €2.3M (29.1%) from €7.91M to €10.2M.

Destinations In November 2024, Margarine were exported mostly to France (€20.3M), Germany (€9.65M), Netherlands (€9.62M), Ireland (€5.63M), and United Kingdom (€4.35M), and were imported mostly from Netherlands (€6.88M), Denmark (€799k), Spain (€642k), Germany (€544k), and Italy (€433k).

Growth In November 2024, the increase in Margarine's year-by-year exports was explained primarily by an increase in exports to France (€8.53M or 42.1%), Ireland (€2.6M or 53.7%), and United Kingdom (€2.16M or 59.9%). In November 2024, the increase in Margarine's year-by-year imports was explained primarily by an increase in imports from Netherlands (€1.27M or 37.3%), United Kingdom (€887k or 3.32k%), and Spain (€299k or 488%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€11.9M(22.4%)
IMPORT GROWTH (November 2023 - November 2024)€2.3M(29.1%)
MAIN DESTINATION (November 2024)France€20.3M

This section shows Margarine'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 Margarine over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$814M
IMPORTS (2023)$130M
NET TRADE (2023)$684M

In 2023, Belgium exported $814M in Margarine. The main destinations of Belgium exports on Margarine were France ($273M), Ireland ($112M), Netherlands ($94.1M), Germany ($91M), and United Kingdom ($60.5M).

In 2023, Belgium imported $130M in Margarine, mainly from Netherlands ($64.8M), Germany ($26.3M), Denmark ($11.6M), Poland ($5.37M), and United Kingdom ($4M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Margarine EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Ireland$35M (45.7%)
France$32.3M (13.5%)
Italy$4.04M (18.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Margarine BY Belgium WERE (2022 - 2023):
Netherlands-$17M (-15.3%)
Spain-$6.95M (-17.2%)
United Kingdom-$1.44M (-2.32%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Margarine were:
Indonesia $1.61B
Netherlands $682M
In 2023, Belgium's main importing competitors in Margarine were:
China $1.08B
France $521M
Germany $411M

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Trade Value of Margarine by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $31.1M
TOP IMPORT POTENTIALGermany+ $9.2M

Margarine’s highest export potential is Germany. With an export gap of $31.1M.   Margarine’s highest import potential is Germany with an import gap of $9.2M.

See methodology.

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