2023
Exports
$177MWorld Rnk 12 / 129
Flag Rnk 335 / 1216
2023
PRODUCT COMPLEXITY IN Oxygen Heterocyclic Compounds
0.97Rnk 185 / 1025
2023
Imports
$174MWorld Rnk 19 / 192
Flag Rnk 347 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $177M in Oxygen Heterocyclic Compounds, making it the 12th largest exporter of Oxygen Heterocyclic Compounds in the world. At the same year, Oxygen Heterocyclic Compounds was the 335th most exported product in Belgium. The main destination of Oxygen Heterocyclic Compounds exports from Belgium are: France ($55.7M), Germany ($37.6M), United States ($17.3M), Italy ($13.8M), and Netherlands ($8.02M).

The fastest growing export markets for Oxygen Heterocyclic Compounds of Belgium between 2022 and 2023 were France ($16.1M), Ireland ($4.65M), and Netherlands ($1.37M).

Imports In 2023, Belgium imported $174M in Oxygen Heterocyclic Compounds, becoming the 19th largest importer of Oxygen Heterocyclic Compounds in the world. At the same year, Oxygen Heterocyclic Compounds was the 347th most imported product in Belgium. Belgium imports Oxygen Heterocyclic Compounds primarily from: China ($32.4M), Germany ($31M), United States ($21.1M), Dominican Republic ($21.1M), and Netherlands ($14.7M).

The fastest growing import markets in Oxygen Heterocyclic Compounds for Belgium between 2022 and 2023 were Dominican Republic ($8.76M), Netherlands ($8.7M), and South Korea ($4.89M).

COMPANIES In 2023, leading companies such as Givaudan Fragrances (10), Mercedes-Benz (2), and John Deere (1) were at the forefront of shipping Oxygen Heterocyclic Compounds from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€-3.19M(-33.6%)
IMPORT GROWTH (November 2023 - November 2024)€2.15M(49.1%)
MAIN DESTINATION (November 2024)Germany€2.42M

This section shows Oxygen Heterocyclic 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 Oxygen Heterocyclic Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$177M
IMPORTS (2023)$174M
NET TRADE (2023)$3.57M

In 2023, Belgium exported $177M in Oxygen Heterocyclic Compounds. The main destinations of Belgium exports on Oxygen Heterocyclic Compounds were France ($55.7M), Germany ($37.6M), United States ($17.3M), Italy ($13.8M), and Netherlands ($8.02M).

In 2023, Belgium imported $174M in Oxygen Heterocyclic Compounds, mainly from China ($32.4M), Germany ($31M), United States ($21.1M), Dominican Republic ($21.1M), and Netherlands ($14.7M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Oxygen Heterocyclic Compounds EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
France$16.1M (40.8%)
Ireland$4.65M (232%)
Netherlands$1.37M (20.6%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oxygen Heterocyclic Compounds BY Belgium WERE (2022 - 2023):
Italy-$18.3M (-57.1%)
United States-$15.2M (-46.7%)
Finland-$13.7M (-87.8%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Oxygen Heterocyclic Compounds were:
China $2.78B
Germany $2.11B
Italy $718M
In 2023, Belgium's main importing competitors in Oxygen Heterocyclic Compounds were:

Explore Visualizations

Trade Value of Oxygen Heterocyclic Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $15.9M
TOP IMPORT POTENTIALGermany+ $20.4M

Oxygen Heterocyclic Compounds’s highest export potential is Germany. With an export gap of $15.9M.   Oxygen Heterocyclic Compounds’s highest import potential is Germany with an import gap of $20.4M.

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