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2022
Exports $142MWorld Rnk 2 / 104
Flag Rnk 374 / 1213
2022
Destination $28.7M Germany
2021 - 2022
FASTEST GROWING MARKET $28.7MGermany
2022
Imports $42MWorld Rnk 4 / 185
Flag Rnk 696 / 1214
2022
Origin $11.1M Germany
2021 - 2022
FASTEST GROWING ORIGIN $11.1MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $142M in Nitric Acids, making it the 2nd largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 374th most exported product in Belgium. The main destination of Nitric Acids exports from Belgium are: Germany ($59.8M), France ($28.5M), Netherlands ($26.3M), Morocco ($4.25M), and Spain ($3.76M).

The fastest growing export markets for Nitric Acids of Belgium between 2021 and 2022 were Germany ($28.7M), Netherlands ($16.1M), and France ($13.4M).

Imports In 2022, Belgium imported $42M in Nitric Acids, becoming the 4th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 696th most imported product in Belgium. Belgium imports Nitric Acids primarily from: Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

The fastest growing import markets in Nitric Acids for Belgium between 2021 and 2022 were Germany ($11.1M), Czechia ($14.2k), and Spain ($9.65k).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Nitric Acids exports accounted up to €4.75M and imports accounted up to €2.52M, resulting in a positive trade balance of €2.23M. Between August 2023 and August 2024 the exports of Belgium's   Nitric Acids have increased by €1.3M (37.8%) from €3.45M to €4.75M, while imports increased by €122k (5.07%) from €2.4M to €2.52M.

Destinations In August 2024, Nitric Acids were exported mostly to Netherlands (€1.96M), France (€840k), Spain (€731k), Germany (€250k), and Nigeria (€129k), and were imported mostly from Germany (€2.3M), Netherlands (€108k), France (€43k), United Kingdom (€36.8k), and Czechia (€33.4k).

Growth In August 2024, the increase in Nitric Acids's year-by-year exports was explained primarily by an increase in exports to Germany (€5.51M or 196%), Morocco (€119k or 52.6%), and Greece (€15.6k or 859%). In August 2024, the increase in Nitric Acids's year-by-year imports was explained primarily by an increase in imports from Netherlands (€109k or 56.7%), Czechia (€80.6k or 25.4k%), and United Kingdom (€6.53k or 129%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€1.3M(37.8%)
IMPORT GROWTH (August 2023 - August 2024)€122k(5.07%)
MAIN DESTINATION (August 2024)Netherlands€1.96M

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$142M
IMPORTS (2022)$42M
NET TRADE (2022)$100M

In 2022, Belgium exported $142M in Nitric Acids. The main destinations of Belgium exports on Nitric Acids were Germany ($59.8M), France ($28.5M), Netherlands ($26.3M), Morocco ($4.25M), and Spain ($3.76M).

In 2022, Belgium imported $42M in Nitric Acids, mainly from Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitric Acids EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$28.7M (92.1%)
Netherlands$16.1M (157%)
France$13.4M (89%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitric Acids BY Belgium WERE (2021 - 2022):
New Zealand-$405k (-79.1%)
Poland-$350k (-61.4%)
Chinese Taipei-$276k (-74.1%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Nitric Acids were:
South Korea $154M
Germany $100M
In 2022, Belgium's main importing competitors in Nitric Acids were:
Germany $83.3M
France $64.3M
Japan $47.6M

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Trade Value of Nitric Acids by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited Kingdom+ $375k
TOP IMPORT POTENTIALFrance+ $510k

Nitric Acids’s highest export potential is United Kingdom. With an export gap of $375k.   Nitric Acids’s highest import potential is France with an import gap of $510k.

See methodology.

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