Peat in Belgium | The Observatory of Economic Complexity

About

Exports In 2023, Belgium exported $80.2M in Peat, making it the 7th largest exporter of Peat in the world. At the same year, Peat was the 486th most exported product in Belgium. The main destination of Peat exports from Belgium are: France ($37.2M), Netherlands ($35.7M), Germany ($4.35M), Spain ($625k), and Luxembourg ($465k).

The fastest growing export markets for Peat of Belgium between 2022 and 2023 were France ($2.12M), Germany ($836k), and Spain ($323k).

Imports In 2023, Belgium imported $48.8M in Peat, becoming the 9th largest importer of Peat in the world. At the same year, Peat was the 620th most imported product in Belgium. Belgium imports Peat primarily from: Netherlands ($25.9M), Latvia ($7.61M), Estonia ($5.97M), Germany ($4.64M), and Sweden ($1.74M).

The fastest growing import markets in Peat for Belgium between 2022 and 2023 were Netherlands ($1.13M), Latvia ($982k), and Estonia ($331k).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Peat exports accounted up to €2.56M and imports accounted up to €2.68M, resulting in a negative trade balance of €122k. Between November 2023 and November 2024 the exports of Belgium's Peat have increased by €28.2k (1.12%) from €2.53M to €2.56M, while imports increased by €1.01M (60.3%) from €1.67M to €2.68M.

Destinations In November 2024, Peat were exported mostly to France (€1.25M), Netherlands (€1.03M), Spain (€185k), United Kingdom (€35.7k), and Luxembourg (€15.1k), and were imported mostly from Netherlands (€1.24M), Estonia (€653k), Latvia (€251k), Germany (€198k), and Sweden (€188k).

Growth In November 2024, the increase in Peat's year-by-year exports was explained primarily by an increase in exports to France (€1.01M or 37.5%), Netherlands (€20.8k or 1.87%), and Greece (€4.22k or 1.53k%). In November 2024, the increase in Peat's year-by-year imports was explained primarily by an increase in imports from Latvia (€420k or 74.1%), Estonia (€110k or 22.5%), and Ireland (€84.4k or 75.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€28.2k(1.12%)

IMPORT GROWTH (November 2023 - November 2024)€1.01M(60.3%)

MAIN DESTINATION (November 2024)France€1.25M

This section shows Peat'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 Peat over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2023)$80.2M

IMPORTS (2023)$48.8M

NET TRADE (2023)$31.4M

In 2023, Belgium exported $80.2M in Peat. The main destinations of Belgium exports on Peat were France ($37.2M), Netherlands ($35.7M), Germany ($4.35M), Spain ($625k), and Luxembourg ($465k).

In 2023, Belgium imported $48.8M in Peat, mainly from Netherlands ($25.9M), Latvia ($7.61M), Estonia ($5.97M), Germany ($4.64M), and Sweden ($1.74M).

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