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2023
Exports $749MWorld Rnk 6 / 190
Flag Rnk 106 / 1216
2023
Destination $30.8M Germany
2022 - 2023
FASTEST GROWING MARKET $30.8MItaly
2023
PRODUCT COMPLEXITY IN Special Pharmaceuticals0.53Rnk 356 / 1025
2023
Imports $1.16BWorld Rnk 4 / 220
Flag Rnk 52 / 1213
2023
Origin $54M United States
2022 - 2023
FASTEST GROWING ORIGIN $54MPoland
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $749M in Special Pharmaceuticals, making it the 6th largest exporter of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 106th most exported product in Belgium. The main destination of Special Pharmaceuticals exports from Belgium are: Germany ($113M), Italy ($109M), France ($94.6M), Netherlands ($72.9M), and United States ($23.5M).

The fastest growing export markets for Special Pharmaceuticals of Belgium between 2022 and 2023 were Italy ($30.8M), Germany ($25.4M), and Netherlands ($17.9M).

Imports In 2023, Belgium imported $1.16B in Special Pharmaceuticals, becoming the 4th largest importer of Special Pharmaceuticals in the world. At the same year, Special Pharmaceuticals was the 52nd most imported product in Belgium. Belgium imports Special Pharmaceuticals primarily from: United States ($350M), Germany ($310M), Switzerland ($105M), Poland ($65.2M), and Japan ($62.6M).

The fastest growing import markets in Special Pharmaceuticals for Belgium between 2022 and 2023 were Poland ($54M), Switzerland ($38.3M), and United States ($33.2M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Special Pharmaceuticals exports accounted up to €140M and imports accounted up to €90M, resulting in a positive trade balance of €50.3M. Between October 2023 and October 2024 the exports of Belgium's   Special Pharmaceuticals have increased by €12.7M (9.99%) from €128M to €140M, while imports increased by €16.2M (22%) from €73.8M to €90M.

Destinations In October 2024, Special Pharmaceuticals were exported mostly to United States (€22.6M), Germany (€14.3M), United Kingdom (€10.5M), France (€7.38M), and Singapore (€6.26M), and were imported mostly from Germany (€29.6M), United States (€26.8M), Mexico (€20.2M), Japan (€3.95M), and Netherlands (€2.33M).

Growth In October 2024, the increase in Special Pharmaceuticals's year-by-year exports was explained primarily by an increase in exports to Germany (€5.72M or 51.9%), Italy (€3.63M or 65.7%), and Belarus (€2.66M or 7.96k%). In October 2024, the increase in Special Pharmaceuticals's year-by-year imports was explained primarily by an increase in imports from Germany (€8.89M or 52.8%), Switzerland (€8.56M or 185%), and United States (€3.29M or 14.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€12.7M(9.99%)
IMPORT GROWTH (October 2023 - October 2024)€16.2M(22%)
MAIN DESTINATION (October 2024)United States€22.6M

This section shows Special Pharmaceuticals'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 Special Pharmaceuticals over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$749M
IMPORTS (2023)$1.16B
NET TRADE (2023)-$410M

In 2023, Belgium exported $749M in Special Pharmaceuticals. The main destinations of Belgium exports on Special Pharmaceuticals were Germany ($113M), Italy ($109M), France ($94.6M), Netherlands ($72.9M), and United States ($23.5M).

In 2023, Belgium imported $1.16B in Special Pharmaceuticals, mainly from United States ($350M), Germany ($310M), Switzerland ($105M), Poland ($65.2M), and Japan ($62.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Special Pharmaceuticals EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$30.8M (39.5%)
Germany$25.4M (29%)
Netherlands$17.9M (32.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Special Pharmaceuticals BY Belgium WERE (2022 - 2023):
Japan-$16.7M (-91.8%)
Israel-$15.8M (-88.1%)
Russia-$13.5M (-50.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Special Pharmaceuticals were:
Germany $3.28B
United States $2.16B
Netherlands $1.28B
In 2023, Belgium's main importing competitors in Special Pharmaceuticals were:
United States $3.5B
China $1.3B
Germany $1.2B

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Trade Value of Special Pharmaceuticals by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $55.9M
TOP IMPORT POTENTIALGermany+ $59.9M

Special Pharmaceuticals’s highest export potential is Germany. With an export gap of $55.9M.   Special Pharmaceuticals’s highest import potential is Germany with an import gap of $59.9M.

See methodology.

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