2022
Exports
$96.9BWorld Rnk 11 / 216
Flag Rnk 1 / 96
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$99.8BWorld Rnk 12 / 225
Flag Rnk 1 / 96
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $96.9B in Mineral fuels, mineral oils and products of their distillation, making it the 11th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most exported product in Belgium. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Belgium are: Germany ($33.7B), Netherlands ($22.7B), France ($17.9B), Nigeria ($6.83B), and Luxembourg ($2.74B).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Belgium between 2021 and 2022 were Germany ($28.4B), Netherlands ($12.2B), and France ($7.12B).

Imports In 2022, Belgium imported $99.8B in Mineral fuels, mineral oils and products of their distillation, becoming the 12th largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Belgium. Belgium imports Mineral fuels, mineral oils and products of their distillation primarily from: Netherlands ($36.4B), Norway ($19.4B), United Kingdom ($9.81B), Russia ($6.64B), and Qatar ($5.38B).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Belgium between 2021 and 2022 were Netherlands ($14.2B), Norway ($10B), and United Kingdom ($6.14B).

COMPANIES In 2023, leading companies such as Toyota (36), Chevron (4), and Halyard Health (2) were at the forefront of shipping Mineral fuels, mineral oils and products of their distillation from Belgium to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€357M(10.7%)
IMPORT GROWTH (July 2023 - July 2024)€299M(6.49%)
MAIN DESTINATION (July 2024)Netherlands€856M

This section shows Mineral fuels, mineral oils and products of their distillation'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 Mineral fuels, mineral oils and products of their distillation over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$96.9B
IMPORTS (2022)$99.8B
NET TRADE (2022)-$2.89B

In 2022, Belgium exported $96.9B in Mineral fuels, mineral oils and products of their distillation. The main destinations of Belgium exports on Mineral fuels, mineral oils and products of their distillation were Germany ($33.7B), Netherlands ($22.7B), France ($17.9B), Nigeria ($6.83B), and Luxembourg ($2.74B).

In 2022, Belgium imported $99.8B in Mineral fuels, mineral oils and products of their distillation, mainly from Netherlands ($36.4B), Norway ($19.4B), United Kingdom ($9.81B), Russia ($6.64B), and Qatar ($5.38B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$28.4B (540%)
Netherlands$12.2B (116%)
France$7.12B (66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Belgium WERE (2021 - 2022):
United Kingdom-$268M (-11.7%)
Egypt-$148M (-75.7%)
United States-$105M (-18.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Belgium's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $3.95B
TOP IMPORT POTENTIALFrance+ $1.41B

Mineral fuels, mineral oils and products of their distillation’s highest export potential is Germany. With an export gap of $3.95B.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is France with an import gap of $1.41B.

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