2022
Exports
$194MWorld Rnk 9 / 95
Flag Rnk 307 / 1213
2022
PRODUCT COMPLEXITY IN Nitrile Compounds
1.07Rnk 146 / 1025
2022
Imports
$327MWorld Rnk 8 / 178
Flag Rnk 264 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $194M in Nitrile Compounds, making it the 9th largest exporter of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 307th most exported product in Belgium. The main destination of Nitrile Compounds exports from Belgium are: Italy ($75.6M), Germany ($40M), Spain ($28.7M), France ($14.4M), and Turkey ($9.34M).

The fastest growing export markets for Nitrile Compounds of Belgium between 2021 and 2022 were Germany ($14.4M), United Kingdom ($4.82M), and Turkey ($4.1M).

Imports In 2022, Belgium imported $327M in Nitrile Compounds, becoming the 8th largest importer of Nitrile Compounds in the world. At the same year, Nitrile Compounds was the 264th most imported product in Belgium. Belgium imports Nitrile Compounds primarily from: Germany ($130M), China ($75.4M), Netherlands ($30.2M), Japan ($28.3M), and United Kingdom ($19.8M).

The fastest growing import markets in Nitrile Compounds for Belgium between 2021 and 2022 were China ($18.6M), United Kingdom ($3.76M), and Japan ($3.7M).

COMPANIES In 2023, leading companies such as Volvo (2) and Mercedes-Benz (2) were at the forefront of shipping Nitrile Compounds from Belgium to the United States.

Latest Trends

May 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-6.09M(-96.3%)
IMPORT GROWTH (May 2023 - May 2024)€-8.14M(-73.6%)
MAIN DESTINATION (May 2024)Czechia€104k

This section shows Nitrile Compounds'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 Nitrile Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$194M
IMPORTS (2022)$327M
NET TRADE (2022)-$133M

In 2022, Belgium exported $194M in Nitrile Compounds. The main destinations of Belgium exports on Nitrile Compounds were Italy ($75.6M), Germany ($40M), Spain ($28.7M), France ($14.4M), and Turkey ($9.34M).

In 2022, Belgium imported $327M in Nitrile Compounds, mainly from Germany ($130M), China ($75.4M), Netherlands ($30.2M), Japan ($28.3M), and United Kingdom ($19.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Nitrile Compounds EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$14.4M (56%)
United Kingdom$4.82M (346%)
Turkey$4.1M (78.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Nitrile Compounds BY Belgium WERE (2021 - 2022):
Italy-$65.4M (-46.4%)
India-$8.12M (-87.7%)
France-$6.51M (-31.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Nitrile Compounds were:
In 2022, Belgium's main importing competitors in Nitrile Compounds were:

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Trade Value of Nitrile Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $12.4M
TOP IMPORT POTENTIALNetherlands+ $11.2M

Nitrile Compounds’s highest export potential is France. With an export gap of $12.4M.   Nitrile Compounds’s highest import potential is Netherlands with an import gap of $11.2M.

See methodology.

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