2022
Exports
$515MWorld Rnk 8 / 113
Flag Rnk 139 / 1213
2022
PRODUCT COMPLEXITY IN Rapeseed Oil
0.26Rnk 466 / 1025
2022
Imports
$944MWorld Rnk 4 / 208
Flag Rnk 97 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $515M in Rapeseed Oil, making it the 8th largest exporter of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 139th most exported product in Belgium. The main destination of Rapeseed Oil exports from Belgium are: Germany ($161M), Netherlands ($106M), France ($71.3M), Norway ($35.1M), and Spain ($30.3M).

The fastest growing export markets for Rapeseed Oil of Belgium between 2021 and 2022 were Germany ($39.4M), Netherlands ($10.1M), and Denmark ($7.89M).

Imports In 2022, Belgium imported $944M in Rapeseed Oil, becoming the 4th largest importer of Rapeseed Oil in the world. At the same year, Rapeseed Oil was the 97th most imported product in Belgium. Belgium imports Rapeseed Oil primarily from: France ($454M), Netherlands ($280M), Germany ($134M), United Kingdom ($45.6M), and United Arab Emirates ($27M).

The fastest growing import markets in Rapeseed Oil for Belgium between 2021 and 2022 were France ($116M), United Arab Emirates ($27M), and Germany ($16.6M).

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€5.98M(17.6%)
IMPORT GROWTH (August 2023 - August 2024)€-7.01M(-12.9%)
MAIN DESTINATION (August 2024)Germany€12.6M

This section shows Rapeseed 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 Rapeseed Oil over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$515M
IMPORTS (2022)$944M
NET TRADE (2022)-$428M

In 2022, Belgium exported $515M in Rapeseed Oil. The main destinations of Belgium exports on Rapeseed Oil were Germany ($161M), Netherlands ($106M), France ($71.3M), Norway ($35.1M), and Spain ($30.3M).

In 2022, Belgium imported $944M in Rapeseed Oil, mainly from France ($454M), Netherlands ($280M), Germany ($134M), United Kingdom ($45.6M), and United Arab Emirates ($27M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rapeseed Oil EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$39.4M (32.3%)
Netherlands$10.1M (10.5%)
Denmark$7.89M (584%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed Oil BY Belgium WERE (2021 - 2022):
France-$74.3M (-51%)
China-$48.6M (-62.9%)
Norway-$24.1M (-40.7%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Rapeseed Oil were:
Canada $4.86B
Germany $1.77B
Russia $1.15B
In 2022, Belgium's main importing competitors in Rapeseed Oil were:

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Trade Value of Rapeseed Oil by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $29.3M
TOP IMPORT POTENTIALGermany+ $48M

Rapeseed Oil’s highest export potential is Netherlands. With an export gap of $29.3M.   Rapeseed Oil’s highest import potential is Germany with an import gap of $48M.

See methodology.

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