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2023
Exports $70MWorld Rnk 10 / 190
Flag Rnk 518 / 1216
2023
Destination $2.15M France
2022 - 2023
FASTEST GROWING MARKET $2.15MNetherlands
2023
PRODUCT COMPLEXITY IN Packing Bags-1.73Rnk 976 / 1025
2023
Imports $87.2MWorld Rnk 14 / 222
Flag Rnk 491 / 1213
2023
Origin $974k India
2022 - 2023
FASTEST GROWING ORIGIN $974kIsrael
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $70M in Packing Bags, making it the 10th largest exporter of Packing Bags in the world. At the same year, Packing Bags was the 518th most exported product in Belgium. The main destination of Packing Bags exports from Belgium are: France ($38.9M), Netherlands ($13.2M), Germany ($2.24M), Italy ($2.2M), and India ($1.36M).

The fastest growing export markets for Packing Bags of Belgium between 2022 and 2023 were Netherlands ($2.15M), Romania ($713k), and Italy ($675k).

Imports In 2023, Belgium imported $87.2M in Packing Bags, becoming the 14th largest importer of Packing Bags in the world. At the same year, Packing Bags was the 491st most imported product in Belgium. Belgium imports Packing Bags primarily from: India ($21.1M), Serbia ($15.4M), Netherlands ($12M), Bulgaria ($5.7M), and France ($5.57M).

The fastest growing import markets in Packing Bags for Belgium between 2022 and 2023 were Israel ($974k), Cote d'Ivoire ($945k), and France ($788k).

COMPANIES In 2023, leading companies such as L'Oreal (2) and Volvo (1) were at the forefront of shipping Packing Bags from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Packing Bags exports accounted up to €6.5M and imports accounted up to €9.68M, resulting in a negative trade balance of €3.17M. Between November 2023 and November 2024 the exports of Belgium's   Packing Bags have increased by €3.87M (147%) from €2.63M to €6.5M, while imports increased by €5M (107%) from €4.67M to €9.68M.

Destinations In November 2024, Packing Bags were exported mostly to France (€3.28M), Netherlands (€1.51M), Germany (€494k), Singapore (€263k), and Italy (€210k), and were imported mostly from India (€3.3M), Serbia (€906k), Germany (€899k), Netherlands (€799k), and Bangladesh (€756k).

Growth In November 2024, the increase in Packing Bags's year-by-year exports was explained primarily by an increase in exports to Netherlands (€338k or 62.2%), Germany (€208k or 96.2%), and Ireland (€56.4k or 957%). In November 2024, the increase in Packing Bags's year-by-year imports was explained primarily by an increase in imports from Vietnam (€335k or 201%), United States (€215k or 312%), and France (€126k or 47.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.87M(147%)
IMPORT GROWTH (November 2023 - November 2024)€5M(107%)
MAIN DESTINATION (November 2024)France€3.28M

This section shows Packing Bags'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 Packing Bags over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$70M
IMPORTS (2023)$87.2M
NET TRADE (2023)-$17.2M

In 2023, Belgium exported $70M in Packing Bags. The main destinations of Belgium exports on Packing Bags were France ($38.9M), Netherlands ($13.2M), Germany ($2.24M), Italy ($2.2M), and India ($1.36M).

In 2023, Belgium imported $87.2M in Packing Bags, mainly from India ($21.1M), Serbia ($15.4M), Netherlands ($12M), Bulgaria ($5.7M), and France ($5.57M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packing Bags EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$2.15M (19.4%)
Romania$713k (259%)
Italy$675k (44.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packing Bags BY Belgium WERE (2022 - 2023):
France-$6.57M (-14.5%)
United Kingdom-$818k (-58.4%)
Germany-$814k (-26.7%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Packing Bags were:
China $1.42B
India $1.14B
Vietnam $331M
In 2023, Belgium's main importing competitors in Packing Bags were:
United States $658M
Japan $393M
France $253M

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Trade Value of Packing Bags by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $4.53M
TOP IMPORT POTENTIALChina+ $4.16M

Packing Bags’s highest export potential is Germany. With an export gap of $4.53M.   Packing Bags’s highest import potential is China with an import gap of $4.16M.

See methodology.

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