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2023
Exports $86.6MWorld Rnk 21 / 79
Flag Rnk 468 / 1216
2023
Destination $4.14M Germany
2022 - 2023
FASTEST GROWING MARKET $4.14MNetherlands
2023
PRODUCT COMPLEXITY IN Rapeseed-0.22Rnk 622 / 1025
2023
Imports $1.28BWorld Rnk 4 / 125
Flag Rnk 45 / 1213
2023
Origin $325M Australia
2022 - 2023
FASTEST GROWING ORIGIN $325MRomania
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $86.6M in Rapeseed, making it the 21st largest exporter of Rapeseed in the world. At the same year, Rapeseed was the 468th most exported product in Belgium. The main destination of Rapeseed exports from Belgium are: Germany ($70M), Netherlands ($10.8M), France ($3.69M), United Kingdom ($1.08M), and Latvia ($475k).

The fastest growing export markets for Rapeseed of Belgium between 2022 and 2023 were Netherlands ($4.14M), Latvia ($475k), and United Kingdom ($316k).

Imports In 2023, Belgium imported $1.28B in Rapeseed, becoming the 4th largest importer of Rapeseed in the world. At the same year, Rapeseed was the 45th most imported product in Belgium. Belgium imports Rapeseed primarily from: Australia ($509M), Romania ($440M), Ukraine ($123M), France ($71.2M), and Netherlands ($27.9M).

The fastest growing import markets in Rapeseed for Belgium between 2022 and 2023 were Romania ($325M), Australia ($132M), and South Africa ($18.4M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Rapeseed exports accounted up to €4.36M and imports accounted up to €121M, resulting in a negative trade balance of €117M. Between October 2023 and October 2024 the exports of Belgium's   Rapeseed have decreased by €-5.46M (-55.6%) from €9.82M to €4.36M, while imports increased by €28.9M (31.4%) from €92.3M to €121M.

Destinations In October 2024, Rapeseed were exported mostly to Germany (€4.33M), France (€25.1k), United Kingdom (€4.02k), Netherlands (€3.48k), and Switzerland (€659), and were imported mostly from Ukraine (€99.3M), France (€12.2M), Canada (€8.94M), Lithuania (€515k), and Slovakia (€160k).

Growth In October 2024, the decrease in Rapeseed's year-by-year exports was explained primarily by a decrease in exports to France (€-1.28M or -95.2%), Slovakia (€-68 or -25.8%), and United Kingdom (€-33 or -30.3%). In October 2024, the increase in Rapeseed's year-by-year imports was explained primarily by an increase in imports from Ukraine (€17.8M or 948%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-5.46M(-55.6%)
IMPORT GROWTH (October 2023 - October 2024)€28.9M(31.4%)
MAIN DESTINATION (October 2024)Germany€4.33M

This section shows Rapeseed'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 over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$86.6M
IMPORTS (2023)$1.28B
NET TRADE (2023)-$1.2B

In 2023, Belgium exported $86.6M in Rapeseed. The main destinations of Belgium exports on Rapeseed were Germany ($70M), Netherlands ($10.8M), France ($3.69M), United Kingdom ($1.08M), and Latvia ($475k).

In 2023, Belgium imported $1.28B in Rapeseed, mainly from Australia ($509M), Romania ($440M), Ukraine ($123M), France ($71.2M), and Netherlands ($27.9M).

Explore Visualizations

Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rapeseed EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$4.14M (62.1%)
Latvia$475k (1%)
United Kingdom$316k (41.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rapeseed BY Belgium WERE (2022 - 2023):
Germany-$44.9M (-39.1%)
France-$3.71M (-50.1%)
Poland-$350k (-99.9%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Rapeseed were:
Canada $4.57B
Australia $4.03B
Romania $1.49B
In 2023, Belgium's main importing competitors in Rapeseed were:
Germany $3.36B
China $3.27B
Japan $1.29B

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Trade Value of Rapeseed by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $35.3M
TOP IMPORT POTENTIALNetherlands+ $19.6M

Rapeseed’s highest export potential is Germany. With an export gap of $35.3M.   Rapeseed’s highest import potential is Netherlands with an import gap of $19.6M.

See methodology.

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