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2022
Exports $609MWorld Rnk 7 / 202
Flag Rnk 124 / 1213
2022
Destination $21.3M France
2021 - 2022
FASTEST GROWING MARKET $21.3MFrance
2022
PRODUCT COMPLEXITY IN Sauces and Seasonings-0.62Rnk 736 / 1025
2022
Imports $312MWorld Rnk 14 / 225
Flag Rnk 274 / 1214
2022
Origin $5.58M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $5.58MItaly
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $609M in Sauces and Seasonings, making it the 7th largest exporter of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 124th most exported product in Belgium. The main destination of Sauces and Seasonings exports from Belgium are: France ($209M), Netherlands ($89.3M), United Kingdom ($36.9M), Germany ($27.7M), and Guinea ($21.7M).

The fastest growing export markets for Sauces and Seasonings of Belgium between 2021 and 2022 were France ($21.3M), Guinea ($12.3M), and Netherlands ($6.93M).

Imports In 2022, Belgium imported $312M in Sauces and Seasonings, becoming the 14th largest importer of Sauces and Seasonings in the world. At the same year, Sauces and Seasonings was the 274th most imported product in Belgium. Belgium imports Sauces and Seasonings primarily from: Netherlands ($124M), Germany ($53.9M), Italy ($34.7M), France ($25.7M), and United Kingdom ($19.6M).

The fastest growing import markets in Sauces and Seasonings for Belgium between 2021 and 2022 were Italy ($5.58M), Netherlands ($4.5M), and Spain ($3.88M).

COMPANIES In 2023, leading companies such as Volvo (1) were at the forefront of shipping Sauces and Seasonings from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Sauces and Seasonings exports accounted up to €7.1M and imports accounted up to €3.11M, resulting in a positive trade balance of €3.99M. Between May 2023 and May 2024 the exports of Belgium's   Sauces and Seasonings have decreased by €-40.8M (-85.2%) from €47.9M to €7.1M, while imports decreased by €-23.7M (-88.4%) from €26.8M to €3.11M.

Destinations In May 2024, Sauces and Seasonings were exported mostly to Germany (€2.77M), Democratic Republic of the Congo (€1.61M), Switzerland (€416k), Czechia (€409k), and Australia (€375k), and were imported mostly from Germany (€2.96M), Austria (€122k), Bulgaria (€14.8k), Switzerland (€3.95k), and China (€2.61k).

Growth In May 2024, the decrease in Sauces and Seasonings's year-by-year exports was explained primarily by a decrease in exports to France (€-1.06M or -7.89%), Angola (€-506k or -48.8%), and United Kingdom (€-336k or -8.57%). In May 2024, the decrease in Sauces and Seasonings's year-by-year imports was explained primarily by a decrease in imports from Japan (€-65.5k or -45.4%), Czechia (€-52.3k or -53.3%), and Switzerland (€-33.1k or -52.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-40.8M(-85.2%)
IMPORT GROWTH (May 2023 - May 2024)€-23.7M(-88.4%)
MAIN DESTINATION (May 2024)Germany€2.77M

This section shows Sauces and Seasonings'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 Sauces and Seasonings over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$609M
IMPORTS (2022)$312M
NET TRADE (2022)$297M

In 2022, Belgium exported $609M in Sauces and Seasonings. The main destinations of Belgium exports on Sauces and Seasonings were France ($209M), Netherlands ($89.3M), United Kingdom ($36.9M), Germany ($27.7M), and Guinea ($21.7M).

In 2022, Belgium imported $312M in Sauces and Seasonings, mainly from Netherlands ($124M), Germany ($53.9M), Italy ($34.7M), France ($25.7M), and United Kingdom ($19.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Sauces and Seasonings EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$21.3M (11.3%)
Guinea$12.3M (131%)
Netherlands$6.93M (8.42%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sauces and Seasonings BY Belgium WERE (2021 - 2022):
Niger-$2.05M (-29.7%)
Mauritania-$1.34M (-51.3%)
Italy-$1.18M (-7.91%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Sauces and Seasonings were:
United States $2.15B
China $2.05B
Italy $1.54B
In 2022, Belgium's main importing competitors in Sauces and Seasonings were:
United States $2.23B
United Kingdom $1.01B
France $968M

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Trade Value of Sauces and Seasonings by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $28.1M
TOP IMPORT POTENTIALGermany+ $19.7M

Sauces and Seasonings’s highest export potential is Germany. With an export gap of $28.1M.   Sauces and Seasonings’s highest import potential is Germany with an import gap of $19.7M.

See methodology.

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