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Pricing

2023
Exports $3.14BWorld Rnk 10 / 218
Flag Rnk 27 / 96
2023
Destination $8.17M France
2022 - 2023
FASTEST GROWING MARKET $8.17MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Paints, dyes, & varnishes1.13Rnk 132 / 1025
2023
Imports $2.11BWorld Rnk 13 / 226
Flag Rnk 35 / 96
2023
Origin $53.3M Germany
2022 - 2023
FASTEST GROWING ORIGIN $53.3MNetherlands
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.14B in Paints, dyes, & varnishes, making it the 10th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 27th most exported product in Belgium. The main destination of Paints, dyes, & varnishes exports from Belgium are: France ($543M), Germany ($515M), Italy ($301M), Netherlands ($291M), and United Kingdom ($151M).

The fastest growing export markets for Paints, dyes, & varnishes of Belgium between 2022 and 2023 were United Kingdom ($8.17M), Turkey ($7.45M), and United Arab Emirates ($7.36M).

Imports In 2023, Belgium imported $2.11B in Paints, dyes, & varnishes, becoming the 13th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 35th most imported product in Belgium. Belgium imports Paints, dyes, & varnishes primarily from: Germany ($598M), Netherlands ($435M), France ($302M), United States ($142M), and China ($93.7M).

The fastest growing import markets in Paints, dyes, & varnishes for Belgium between 2022 and 2023 were Netherlands ($53.3M), China ($32.2M), and Sweden ($7.22M).

COMPANIES In 2023, leading companies such as Volvo (10), ZF Friedrichshafen (3), and Chevron (3) were at the forefront of shipping Paints, dyes, & varnishes from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Paints, dyes, & varnishes exports accounted up to €205M and imports accounted up to €129M, resulting in a positive trade balance of €75.2M. Between November 2023 and November 2024 the exports of Belgium's   Paints, dyes, & varnishes have increased by €27.9M (15.8%) from €177M to €205M, while imports increased by €33.3M (34.7%) from €96M to €129M.

Destinations In November 2024, Paints, dyes, & varnishes were exported mostly to Germany (€31.9M), France (€22.5M), United Kingdom (€15.1M), Netherlands (€13.2M), and Italy (€12M), and were imported mostly from Germany (€35M), Netherlands (€25.7M), France (€18.1M), United States (€8.14M), and United Kingdom (€8.08M).

Growth In November 2024, the increase in Paints, dyes, & varnishes's year-by-year exports was explained primarily by an increase in exports to Singapore (€3.82M or 2.81k%), Turkey (€1.69M or 22.7%), and Saudi Arabia (€1.02M or 266%). In November 2024, the increase in Paints, dyes, & varnishes's year-by-year imports was explained primarily by an increase in imports from Germany (€2.35M or 5.95%), Netherlands (€2.22M or 8.61%), and Singapore (€795k or 62.4k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€27.9M(15.8%)
IMPORT GROWTH (November 2023 - November 2024)€33.3M(34.7%)
MAIN DESTINATION (November 2024)Germany€31.9M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.14B
IMPORTS (2023)$2.11B
NET TRADE (2023)$1.03B

In 2023, Belgium exported $3.14B in Paints, dyes, & varnishes. The main destinations of Belgium exports on Paints, dyes, & varnishes were France ($543M), Germany ($515M), Italy ($301M), Netherlands ($291M), and United Kingdom ($151M).

In 2023, Belgium imported $2.11B in Paints, dyes, & varnishes, mainly from Germany ($598M), Netherlands ($435M), France ($302M), United States ($142M), and China ($93.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Paints, dyes, & varnishes EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
United Kingdom$8.17M (5.71%)
Turkey$7.45M (12.6%)
United Arab Emirates$7.36M (35.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Paints, dyes, & varnishes BY Belgium WERE (2022 - 2023):
Germany-$67.9M (-11.7%)
Luxembourg-$41.8M (-34.9%)
India-$40.4M (-50.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Paints, dyes, & varnishes were:
Germany $11.9B
China $10.4B
United States $7.91B
In 2023, Belgium's main importing competitors in Paints, dyes, & varnishes were:
Germany $5.65B
United States $4.95B
China $4.68B

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Trade Value of Paints, dyes, & varnishes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $191M
TOP IMPORT POTENTIALGermany+ $182M

Paints, dyes, & varnishes’s highest export potential is Germany. With an export gap of $191M.   Paints, dyes, & varnishes’s highest import potential is Germany with an import gap of $182M.

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