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2022
Exports $63.5MWorld Rnk 22 / 139
Flag Rnk 526 / 1213
2022
Destination $11.6M Netherlands
2021 - 2022
FASTEST GROWING MARKET $11.6MUnited Kingdom
2022
PRODUCT COMPLEXITY IN Soybeans-1.62Rnk 963 / 1025
2022
Imports $384MWorld Rnk 27 / 200
Flag Rnk 225 / 1214
2022
Origin $134M Brazil
2021 - 2022
FASTEST GROWING ORIGIN $134MBrazil
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $63.5M in Soybeans, making it the 22nd largest exporter of Soybeans in the world. At the same year, Soybeans was the 526th most exported product in Belgium. The main destination of Soybeans exports from Belgium are: Netherlands ($23M), United Kingdom ($16.9M), France ($16.8M), Poland ($2.09M), and Germany ($1.84M).

The fastest growing export markets for Soybeans of Belgium between 2021 and 2022 were United Kingdom ($11.6M), Netherlands ($541k), and Switzerland ($365k).

Imports In 2022, Belgium imported $384M in Soybeans, becoming the 27th largest importer of Soybeans in the world. At the same year, Soybeans was the 225th most imported product in Belgium. Belgium imports Soybeans primarily from: Brazil ($166M), Canada ($104M), Netherlands ($41.5M), France ($30M), and United States ($13M).

The fastest growing import markets in Soybeans for Belgium between 2021 and 2022 were Brazil ($134M), Canada ($15.1M), and Togo ($8.9M).

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Soybeans exports accounted up to €2.87M and imports accounted up to €12.5M, resulting in a negative trade balance of €9.67M. Between July 2023 and July 2024 the exports of Belgium's   Soybeans have decreased by €-168k (-5.54%) from €3.03M to €2.87M, while imports decreased by €-29.2M (-69.9%) from €41.7M to €12.5M.

Destinations In July 2024, Soybeans were exported mostly to France (€956k), Netherlands (€854k), United Kingdom (€630k), Germany (€169k), and Poland (€101k), and were imported mostly from Netherlands (€3.5M), France (€2.85M), Canada (€1.52M), Burkina Faso (€1.39M), and Ukraine (€935k).

Growth In July 2024, the decrease in Soybeans's year-by-year exports was explained primarily by a decrease in exports to United Kingdom (€-263k or -42%), Germany (€-130k or -55.6%), and Italy (€-49.6k or -72.9%). In July 2024, the decrease in Soybeans's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-2.11M or -83.2%), France (€-1.29M or -49.9%), and Togo (€-476k or -83%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-168k(-5.54%)
IMPORT GROWTH (July 2023 - July 2024)€-29.2M(-69.9%)
MAIN DESTINATION (July 2024)France€956k

This section shows Soybeans'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 Soybeans over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$63.5M
IMPORTS (2022)$384M
NET TRADE (2022)-$321M

In 2022, Belgium exported $63.5M in Soybeans. The main destinations of Belgium exports on Soybeans were Netherlands ($23M), United Kingdom ($16.9M), France ($16.8M), Poland ($2.09M), and Germany ($1.84M).

In 2022, Belgium imported $384M in Soybeans, mainly from Brazil ($166M), Canada ($104M), Netherlands ($41.5M), France ($30M), and United States ($13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Soybeans EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United Kingdom$11.6M (218%)
Netherlands$541k (2.41%)
Switzerland$365k (185%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Soybeans BY Belgium WERE (2021 - 2022):
Germany-$1.04M (-36.2%)
France-$666k (-3.82%)
Gabon-$649k (-60.2%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Soybeans were:
Brazil $47.2B
United States $34.6B
Argentina $3.25B
In 2022, Belgium's main importing competitors in Soybeans were:
China $54.1B
Mexico $4.08B
Japan $2.47B

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Trade Value of Soybeans by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $6.77M
TOP IMPORT POTENTIALBrazil+ $27.1M

Soybeans’s highest export potential is Netherlands. With an export gap of $6.77M.   Soybeans’s highest import potential is Brazil with an import gap of $27.1M.

See methodology.

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