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2022
Exports $515MWorld Rnk 8 / 113
Flag Rnk 139 / 1213
2022
Destination $39.4M Germany
2021 - 2022
FASTEST GROWING MARKET $39.4MGermany
2022
PRODUCT COMPLEXITY IN Rapeseed Oil0.26Rnk 466 / 1025
2022
Imports $944MWorld Rnk 4 / 208
Flag Rnk 97 / 1214
2022
Origin $116M France
2021 - 2022
FASTEST GROWING ORIGIN $116MFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 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

July 2024

About

Overview In July 2024 Belgium's Rapeseed Oil exports accounted up to €37.7M and imports accounted up to €40.6M, resulting in a negative trade balance of €2.89M. Between July 2023 and July 2024 the exports of Belgium's   Rapeseed Oil have increased by €18.8M (99.2%) from €18.9M to €37.7M, while imports decreased by €-18.5M (-31.4%) from €59.1M to €40.6M.

Destinations In July 2024, Rapeseed Oil were exported mostly to Netherlands (€20.9M), Germany (€7.06M), United Kingdom (€4.52M), France (€1.89M), and Spain (€1.12M), and were imported mostly from France (€21.6M), Netherlands (€10.7M), Germany (€8.16M), Spain (€59.1k), and Sweden (€44.7k).

Growth In July 2024, the increase in Rapeseed Oil's year-by-year exports was explained primarily by an increase in exports to Netherlands (€5.61M or 275%), Sweden (€3.77M or 341%), and Switzerland (€250k or 12.7k%). In July 2024, the decrease in Rapeseed Oil's year-by-year imports was explained primarily by a decrease in imports from France (€-6.23M or -19.3%) and United Kingdom (€-57.2k or -30.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€18.8M(99.2%)
IMPORT GROWTH (July 2023 - July 2024)€-18.5M(-31.4%)
MAIN DESTINATION (July 2024)Netherlands€20.9M

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%)
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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:
United States $4.01B
China $1.49B
Netherlands $1.38B

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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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