Soups and broths and preparations thereof in Belgium | The Observatory of Economic Complexity

About

The fastest growing export markets for Soups and broths and preparations thereof of Belgium between 2021 and 2022 were Netherlands ($1.58M), Spain ($1.1M), and Sweden ($1.09M).

Imports In 2022, Belgium imported $79.2M in Soups and broths and preparations thereof, becoming the 9th largest importer of Soups and broths and preparations thereof in the world. At the same year, Soups and broths and preparations thereof was the 882nd most imported product in Belgium. Belgium imports Soups and broths and preparations thereof primarily from: France ($26.6M), Netherlands ($17.5M), Germany ($10.2M), Spain ($4.99M), and Portugal ($3.71M).

The fastest growing import markets in Soups and broths and preparations thereof for Belgium between 2021 and 2022 were France ($4.85M), Netherlands ($2.14M), and Romania ($1.35M).

COMPANIES In 2023, leading companies such as Volvo (2.59k), John Deere (1.86k), and Marelli Automotive Lighting (1.72k) were at the forefront of shipping Soups and broths and preparations thereof from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Soups and broths and preparations thereof exports accounted up to €628k and imports accounted up to €288k, resulting in a positive trade balance of €340k. Between May 2023 and May 2024 the exports of Belgium's Soups and broths and preparations thereof have decreased by €-2.16M (-77.5%) from €2.79M to €628k, while imports decreased by €-5.6M (-95.1%) from €5.89M to €288k.

Destinations In May 2024, Soups and broths and preparations thereof were exported mostly to Germany (€526k), Switzerland (€63.2k), Austria (€27.8k), Democratic Republic of the Congo (€5.02k), and Cyprus (€3.62k), and were imported mostly from Germany (€185k), Switzerland (€51.1k), Czechia (€49.2k), Bulgaria (€1.03k), and Austria (€840).

Growth In May 2024, the decrease in Soups and broths and preparations thereof's year-by-year exports was explained primarily by a decrease in exports to Germany (€-638k or -78.5%), France (€-119k or -16.1%), and Spain (€-97.4k or -41%). In May 2024, the decrease in Soups and broths and preparations thereof's year-by-year imports was explained primarily by a decrease in imports from Hungary (€-316k or -96%), Switzerland (€-67.5k or -70.3%), and Sweden (€-22.6k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (May 2023 - May 2024)€-2.16M(-77.5%)

IMPORT GROWTH (May 2023 - May 2024)€-5.6M(-95.1%)

MAIN DESTINATION (May 2024)Germany€526k

This section shows Soups and broths and preparations 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 Soups and broths and preparations thereof over time.

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