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2023
Exports $3.27BWorld Rnk 21 / 225
Flag Rnk 26 / 96
2023
Destination $9.94M Netherlands
2022 - 2023
FASTEST GROWING MARKET $9.94MBulgaria
2023
PRODUCT COMPLEXITY IN Rubber & articles thereof0.99Rnk 178 / 1025
2023
Imports $4.2BWorld Rnk 14 / 226
Flag Rnk 16 / 96
2023
Origin $59.1M Germany
2022 - 2023
FASTEST GROWING ORIGIN $59.1MFrance
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $3.27B in Rubber & articles thereof, making it the 21st largest exporter of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 26th most exported product in Belgium. The main destination of Rubber & articles thereof exports from Belgium are: Netherlands ($519M), France ($504M), Germany ($481M), Italy ($278M), and Sweden ($165M).

The fastest growing export markets for Rubber & articles thereof of Belgium between 2022 and 2023 were Bulgaria ($9.94M), United Arab Emirates ($9.54M), and Finland ($8.56M).

Imports In 2023, Belgium imported $4.2B in Rubber & articles thereof, becoming the 14th largest importer of Rubber & articles thereof in the world. At the same year, Rubber & articles thereof was the 16th most imported product in Belgium. Belgium imports Rubber & articles thereof primarily from: Germany ($544M), France ($448M), Netherlands ($284M), United States ($266M), and Spain ($266M).

The fastest growing import markets in Rubber & articles thereof for Belgium between 2022 and 2023 were France ($59.1M), Spain ($54.7M), and Poland ($52.7M).

COMPANIES In 2023, leading companies such as Continental Tire (608), Pirelli Tires (164), and Goodyear Tire and Rubber (96) were at the forefront of shipping Rubber & articles thereof from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Rubber & articles thereof exports accounted up to €301M and imports accounted up to €303M, resulting in a negative trade balance of €1.64M. Between November 2023 and November 2024 the exports of Belgium's   Rubber & articles thereof have increased by €52.8M (21.3%) from €248M to €301M, while imports increased by €39.4M (15%) from €263M to €303M.

Destinations In November 2024, Rubber & articles thereof were exported mostly to Germany (€46.4M), Netherlands (€33.1M), France (€31.9M), Luxembourg (€29.9M), and Sweden (€18.8M), and were imported mostly from Germany (€42M), France (€29.1M), China (€23.1M), Netherlands (€22.5M), and United States (€20.2M).

Growth In November 2024, the increase in Rubber & articles thereof's year-by-year exports was explained primarily by an increase in exports to Luxembourg (€21.8M or 445%), Germany (€15.5M or 39.3%), and Sweden (€11.5M or 111%). In November 2024, the increase in Rubber & articles thereof's year-by-year imports was explained primarily by an increase in imports from Poland (€5M or 53.5%), Spain (€4.65M or 31.1%), and China (€4.39M or 25.8%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€52.8M(21.3%)
IMPORT GROWTH (November 2023 - November 2024)€39.4M(15%)
MAIN DESTINATION (November 2024)Germany€46.4M

This section shows Rubber & 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 Rubber & articles thereof over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$3.27B
IMPORTS (2023)$4.2B
NET TRADE (2023)-$933M

In 2023, Belgium exported $3.27B in Rubber & articles thereof. The main destinations of Belgium exports on Rubber & articles thereof were Netherlands ($519M), France ($504M), Germany ($481M), Italy ($278M), and Sweden ($165M).

In 2023, Belgium imported $4.2B in Rubber & articles thereof, mainly from Germany ($544M), France ($448M), Netherlands ($284M), United States ($266M), and Spain ($266M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Rubber & articles thereof EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Bulgaria$9.94M (97.6%)
United Arab Emirates$9.54M (122%)
Finland$8.56M (32.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rubber & articles thereof BY Belgium WERE (2022 - 2023):
Netherlands-$92.6M (-15.1%)
France-$70.9M (-12.3%)
India-$48.9M (-63.3%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Rubber & articles thereof were:
China $34.3B
Thailand $18.1B
Germany $16.5B
In 2023, Belgium's main importing competitors in Rubber & articles thereof were:
United States $34.6B
Germany $16.2B
China $16B

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Trade Value of Rubber & articles thereof by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $306M
TOP IMPORT POTENTIALGermany+ $300M

Rubber & articles thereof’s highest export potential is Germany. With an export gap of $306M.   Rubber & articles thereof’s highest import potential is Germany with an import gap of $300M.

See methodology.

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