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2022
Exports $27.2BWorld Rnk 8 / 226
Flag Rnk 4 / 96
2022
Destination $256M Germany
2021 - 2022
FASTEST GROWING MARKET $256MGermany
2022
PRODUCT COMPLEXITY IN Plastics & articles thereof1.72Rnk 19 / 1025
2022
Imports $22.5BWorld Rnk 10 / 226
Flag Rnk 7 / 96
2022
Origin $679M Germany
2021 - 2022
FASTEST GROWING ORIGIN $679MUnited States
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $27.2B in Plastics & articles thereof, making it the 8th largest exporter of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 4th most exported product in Belgium. The main destination of Plastics & articles thereof exports from Belgium are: Germany ($5.27B), France ($3.73B), Netherlands ($2.48B), Italy ($2.37B), and United Kingdom ($1.62B).

The fastest growing export markets for Plastics & articles thereof of Belgium between 2021 and 2022 were Germany ($256M), France ($199M), and Italy ($198M).

Imports In 2022, Belgium imported $22.5B in Plastics & articles thereof, becoming the 10th largest importer of Plastics & articles thereof in the world. At the same year, Plastics & articles thereof was the 7th most imported product in Belgium. Belgium imports Plastics & articles thereof primarily from: Germany ($4.26B), Netherlands ($4.03B), United States ($3.32B), France ($2.14B), and China ($1.24B).

The fastest growing import markets in Plastics & articles thereof for Belgium between 2021 and 2022 were United States ($679M), Germany ($278M), and United Kingdom ($169M).

COMPANIES In 2023, leading companies such as Dow Chemical (176), Toyota (124), and DuPont (91) were at the forefront of shipping Plastics & articles thereof from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Plastics & articles thereof exports accounted up to €1.69B and imports accounted up to €942M, resulting in a positive trade balance of €744M. Between July 2023 and July 2024 the exports of Belgium's   Plastics & articles thereof have increased by €281M (20%) from €1.4B to €1.69B, while imports increased by €59.5M (6.74%) from €882M to €942M.

Destinations In July 2024, Plastics & articles thereof were exported mostly to Germany (€314M), France (€241M), Netherlands (€153M), Italy (€126M), and United Kingdom (€102M), and were imported mostly from Germany (€179M), Netherlands (€170M), France (€115M), United States (€106M), and China (€65.1M).

Growth In July 2024, the increase in Plastics & articles thereof's year-by-year exports was explained primarily by an increase in exports to Czechia (€8.02M or 24.3%), Germany (€7.79M or 1.94%), and Italy (€6.85M or 5.71%). In July 2024, the increase in Plastics & articles thereof's year-by-year imports was explained primarily by an increase in imports from Netherlands (€20.4M or 9.84%), China (€20.3M or 31.2%), and Saudi Arabia (€13.9M or 61.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€281M(20%)
IMPORT GROWTH (July 2023 - July 2024)€59.5M(6.74%)
MAIN DESTINATION (July 2024)Germany€314M

This section shows Plastics & articles thereof'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 Plastics & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$27.2B
IMPORTS (2022)$22.5B
NET TRADE (2022)$4.71B

In 2022, Belgium exported $27.2B in Plastics & articles thereof. The main destinations of Belgium exports on Plastics & articles thereof were Germany ($5.27B), France ($3.73B), Netherlands ($2.48B), Italy ($2.37B), and United Kingdom ($1.62B).

In 2022, Belgium imported $22.5B in Plastics & articles thereof, mainly from Germany ($4.26B), Netherlands ($4.03B), United States ($3.32B), France ($2.14B), and China ($1.24B).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Plastics & articles thereof EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$256M (5.1%)
France$199M (5.63%)
Italy$198M (9.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Plastics & articles thereof BY Belgium WERE (2021 - 2022):
Russia-$221M (-52.6%)
United Kingdom-$105M (-6.12%)
Netherlands-$104M (-4.04%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Plastics & articles thereof were:
China $156B
United States $95.2B
Germany $86.5B
In 2022, Belgium's main importing competitors in Plastics & articles thereof were:
United States $96.2B
China $73.4B
Germany $59.1B

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Trade Value of Plastics & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.9B
TOP IMPORT POTENTIALGermany+ $1.43B

Plastics & articles thereof’s highest export potential is Germany. With an export gap of $1.9B.   Plastics & articles thereof’s highest import potential is Germany with an import gap of $1.43B.

See methodology.

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