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2022
Exports $87MWorld Rnk 30 / 149
Flag Rnk 464 / 1213
2022
Destination $8.74M Netherlands
2021 - 2022
FASTEST GROWING MARKET $8.74MFrance
2022
PRODUCT COMPLEXITY IN Palm Oil-2.31Rnk 1012 / 1025
2022
Imports $564MWorld Rnk 26 / 208
Flag Rnk 160 / 1214
2022
Origin $66.4M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $66.4MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $87M in Palm Oil, making it the 30th largest exporter of Palm Oil in the world. At the same year, Palm Oil was the 464th most exported product in Belgium. The main destination of Palm Oil exports from Belgium are: Netherlands ($19.4M), Germany ($19.1M), France ($16.6M), Italy ($8.5M), and Hungary ($7.1M).

The fastest growing export markets for Palm Oil of Belgium between 2021 and 2022 were France ($8.74M), Netherlands ($5.33M), and Hungary ($4.16M).

Imports In 2022, Belgium imported $564M in Palm Oil, becoming the 26th largest importer of Palm Oil in the world. At the same year, Palm Oil was the 160th most imported product in Belgium. Belgium imports Palm Oil primarily from: Netherlands ($399M), Malaysia ($64.6M), Germany ($35.4M), Indonesia ($28M), and Spain ($13M).

The fastest growing import markets in Palm Oil for Belgium between 2021 and 2022 were Netherlands ($66.4M), Malaysia ($20.9M), and Spain ($9.93M).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Palm Oil exports accounted up to €1.65M and imports accounted up to €1.09M, resulting in a positive trade balance of €555k. Between May 2023 and May 2024 the exports of Belgium's   Palm Oil have decreased by €-3.8M (-69.7%) from €5.45M to €1.65M, while imports decreased by €-35.7M (-97%) from €36.8M to €1.09M.

Destinations In May 2024, Palm Oil were exported mostly to Germany (€1.57M), Austria (€83.9k), and Switzerland (€100), and were imported mostly from Germany (€961k), Austria (€131k), Cameroon (€1.97k), Democratic Republic of the Congo (€518), and Costa Rica (€48).

Growth In May 2024, the decrease in Palm Oil's year-by-year exports was explained primarily by a decrease in exports to Ukraine (€-21k or -37.8%) and Luxembourg (€-1.42k or -80.6%). In May 2024, the decrease in Palm Oil's year-by-year imports was explained primarily by a decrease in imports from Denmark (€-727 or -2.86%), United Kingdom (€-299 or -92%), and United States (€-201 or -6.75%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-3.8M(-69.7%)
IMPORT GROWTH (May 2023 - May 2024)€-35.7M(-97%)
MAIN DESTINATION (May 2024)Germany€1.57M

This section shows Palm Oil'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 Palm Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$87M
IMPORTS (2022)$564M
NET TRADE (2022)-$477M

In 2022, Belgium exported $87M in Palm Oil. The main destinations of Belgium exports on Palm Oil were Netherlands ($19.4M), Germany ($19.1M), France ($16.6M), Italy ($8.5M), and Hungary ($7.1M).

In 2022, Belgium imported $564M in Palm Oil, mainly from Netherlands ($399M), Malaysia ($64.6M), Germany ($35.4M), Indonesia ($28M), and Spain ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Palm Oil EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$8.74M (111%)
Netherlands$5.33M (37.8%)
Hungary$4.16M (141%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Palm Oil BY Belgium WERE (2021 - 2022):
Germany-$12.3M (-39.1%)
Spain-$2.39M (-80.5%)
Slovenia-$162k (-67.4%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Palm Oil were:
Indonesia $28.7B
Malaysia $17.7B
Thailand $1.31B
In 2022, Belgium's main importing competitors in Palm Oil were:
India $11.1B
China $4.85B
Pakistan $3.8B

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Trade Value of Palm Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $12.2M
TOP IMPORT POTENTIALIndonesia+ $26.5M

Palm Oil’s highest export potential is Netherlands. With an export gap of $12.2M.   Palm Oil’s highest import potential is Indonesia with an import gap of $26.5M.

See methodology.

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