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2023
Exports $8.65MWorld Rnk 23 / 133
Flag Rnk 886 / 1216
2023
Destination $2.42M Netherlands
2022 - 2023
FASTEST GROWING MARKET $2.42MNetherlands
2023
PRODUCT COMPLEXITY IN Oil Seed Flower-0.97Rnk 822 / 1025
2023
Imports $78.5MWorld Rnk 4 / 193
Flag Rnk 516 / 1213
2023
Origin $10.2M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $10.2MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $8.65M in Oil Seed Flower, making it the 23rd largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 886th most exported product in Belgium. The main destination of Oil Seed Flower exports from Belgium are: Netherlands ($3.92M), France ($1.76M), Germany ($677k), United Kingdom ($640k), and Hungary ($601k).

The fastest growing export markets for Oil Seed Flower of Belgium between 2022 and 2023 were Netherlands ($2.42M), France ($751k), and Hungary ($601k).

Imports In 2023, Belgium imported $78.5M in Oil Seed Flower, becoming the 4th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 516th most imported product in Belgium. Belgium imports Oil Seed Flower primarily from: Netherlands ($65.3M), Austria ($4.08M), Togo ($2.22M), Germany ($1.78M), and Sweden ($1.03M).

The fastest growing import markets in Oil Seed Flower for Belgium between 2022 and 2023 were Netherlands ($10.2M), Togo ($867k), and Germany ($813k).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Oil Seed Flower exports accounted up to €606k and imports accounted up to €4.45M, resulting in a negative trade balance of €3.84M. Between October 2023 and October 2024 the exports of Belgium's   Oil Seed Flower have increased by €80.9k (15.4%) from €525k to €606k, while imports decreased by €-1.25M (-22%) from €5.7M to €4.45M.

Destinations In October 2024, Oil Seed Flower were exported mostly to France (€413k), Germany (€125k), Netherlands (€51k), United Kingdom (€3.76k), and Spain (€2.91k), and were imported mostly from Netherlands (€3.72M), Germany (€301k), Austria (€279k), Canada (€55.9k), and Serbia (€49.2k).

Growth In October 2024, the increase in Oil Seed Flower's year-by-year exports was explained primarily by an increase in exports to Germany (€32.5k or 65.5%), Malta (€423 or 88.7%), and Portugal (€343 or 32.7%). In October 2024, the decrease in Oil Seed Flower's year-by-year imports was explained primarily by a decrease in imports from France (€-608k or -92.6%), Canada (€-40.4k or -28.3%), and Germany (€-24.8k or -19.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€80.9k(15.4%)
IMPORT GROWTH (October 2023 - October 2024)€-1.25M(-22%)
MAIN DESTINATION (October 2024)France€413k

This section shows Oil Seed Flower'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 Oil Seed Flower over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$8.65M
IMPORTS (2023)$78.5M
NET TRADE (2023)-$69.8M

In 2023, Belgium exported $8.65M in Oil Seed Flower. The main destinations of Belgium exports on Oil Seed Flower were Netherlands ($3.92M), France ($1.76M), Germany ($677k), United Kingdom ($640k), and Hungary ($601k).

In 2023, Belgium imported $78.5M in Oil Seed Flower, mainly from Netherlands ($65.3M), Austria ($4.08M), Togo ($2.22M), Germany ($1.78M), and Sweden ($1.03M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$2.42M (161%)
France$751k (74%)
Hungary$601k (228k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Belgium WERE (2022 - 2023):
Germany-$12.6M (-94.9%)
Slovakia-$206k (-100%)
Nigeria-$118k (-100%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Oil Seed Flower were:
United States $448M
South Africa $92.3M
Netherlands $90.3M
In 2023, Belgium's main importing competitors in Oil Seed Flower were:
Vietnam $142M
Dominican Republic $98.5M
South Korea $81.9M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $566k
TOP IMPORT POTENTIALUnited States+ $331k

Oil Seed Flower’s highest export potential is France. With an export gap of $566k.   Oil Seed Flower’s highest import potential is United States with an import gap of $331k.

See methodology.

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