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2022
Exports $9.96MWorld Rnk 17 / 158
Flag Rnk 871 / 1213
2022
Destination $261k France
2021 - 2022
FASTEST GROWING MARKET $261kRussia
2022
PRODUCT COMPLEXITY IN Pastes and Waxes1Rnk 171 / 1025
2022
Imports $19.7MWorld Rnk 21 / 209
Flag Rnk 836 / 1214
2022
Origin $2.45M Germany
2021 - 2022
FASTEST GROWING ORIGIN $2.45MGermany
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $9.96M in Pastes and Waxes, making it the 17th largest exporter of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 871st most exported product in Belgium. The main destination of Pastes and Waxes exports from Belgium are: France ($1.41M), Russia ($1.02M), Italy ($815k), Netherlands ($785k), and Germany ($762k).

The fastest growing export markets for Pastes and Waxes of Belgium between 2021 and 2022 were Russia ($261k), Italy ($254k), and France ($139k).

Imports In 2022, Belgium imported $19.7M in Pastes and Waxes, becoming the 21st largest importer of Pastes and Waxes in the world. At the same year, Pastes and Waxes was the 836th most imported product in Belgium. Belgium imports Pastes and Waxes primarily from: Germany ($7.78M), Netherlands ($4.57M), Japan ($2.02M), China ($1.92M), and United States ($1.23M).

The fastest growing import markets in Pastes and Waxes for Belgium between 2021 and 2022 were Germany ($2.45M), India ($130k), and France ($124k).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Pastes and Waxes exports accounted up to €525k and imports accounted up to €1.42M, resulting in a negative trade balance of €899k. Between July 2023 and July 2024 the exports of Belgium's   Pastes and Waxes have decreased by €-151k (-22.3%) from €676k to €525k, while imports increased by €644k (82.4%) from €781k to €1.42M.

Destinations In July 2024, Pastes and Waxes were exported mostly to Iran (€77.1k), Netherlands (€55k), Germany (€53.9k), France (€41.6k), and Spain (€41.4k), and were imported mostly from Germany (€468k), Japan (€325k), Netherlands (€252k), United States (€221k), and France (€54.2k).

Growth In July 2024, the decrease in Pastes and Waxes's year-by-year exports was explained primarily by a decrease in exports to Germany (€-25.6k or -25.6%), Sweden (€-24.2k or -63.4%), and Slovenia (€-18.1k or -56.4%). In July 2024, the increase in Pastes and Waxes's year-by-year imports was explained primarily by an increase in imports from Japan (€162k or 178%), Netherlands (€35.4k or 12.5%), and United States (€18.4k or 26.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-151k(-22.3%)
IMPORT GROWTH (July 2023 - July 2024)€644k(82.4%)
MAIN DESTINATION (July 2024)Iran€77.1k

This section shows Pastes and Waxes'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 Pastes and Waxes over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$9.96M
IMPORTS (2022)$19.7M
NET TRADE (2022)-$9.79M

In 2022, Belgium exported $9.96M in Pastes and Waxes. The main destinations of Belgium exports on Pastes and Waxes were France ($1.41M), Russia ($1.02M), Italy ($815k), Netherlands ($785k), and Germany ($762k).

In 2022, Belgium imported $19.7M in Pastes and Waxes, mainly from Germany ($7.78M), Netherlands ($4.57M), Japan ($2.02M), China ($1.92M), and United States ($1.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Pastes and Waxes EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Russia$261k (34.4%)
Italy$254k (45.4%)
France$139k (11%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pastes and Waxes BY Belgium WERE (2021 - 2022):
Netherlands-$1.66M (-67.9%)
United States-$548k (-51.7%)
Ukraine-$90.6k (-63.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Pastes and Waxes were:
China $529M
Germany $254M
Italy $125M
In 2022, Belgium's main importing competitors in Pastes and Waxes were:
United States $285M
Germany $91.8M
Netherlands $49.6M

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Trade Value of Pastes and Waxes by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $815k
TOP IMPORT POTENTIALGermany+ $2.13M

Pastes and Waxes’s highest export potential is Germany. With an export gap of $815k.   Pastes and Waxes’s highest import potential is Germany with an import gap of $2.13M.

See methodology.

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