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2022
Exports $30.3MWorld Rnk 21 / 194
Flag Rnk 655 / 1213
2022
Destination $2.02M France
2021 - 2022
FASTEST GROWING MARKET $2.02MFrance
2022
PRODUCT COMPLEXITY IN Spices-1.63Rnk 964 / 1025
2022
Imports $48.4MWorld Rnk 18 / 223
Flag Rnk 666 / 1214
2022
Origin $1.11M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $1.11MIndia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $30.3M in Spices, making it the 21st largest exporter of Spices in the world. At the same year, Spices was the 655th most exported product in Belgium. The main destination of Spices exports from Belgium are: France ($9.14M), Netherlands ($7.12M), Germany ($3.5M), United Kingdom ($3.03M), and Luxembourg ($1.26M).

The fastest growing export markets for Spices of Belgium between 2021 and 2022 were France ($2.02M), Germany ($290k), and Sweden ($187k).

Imports In 2022, Belgium imported $48.4M in Spices, becoming the 18th largest importer of Spices in the world. At the same year, Spices was the 666th most imported product in Belgium. Belgium imports Spices primarily from: Netherlands ($26.5M), India ($4.49M), Germany ($4.23M), France ($3.4M), and Turkey ($2.13M).

The fastest growing import markets in Spices for Belgium between 2021 and 2022 were India ($1.11M), Iran ($943k), and China ($116k).

COMPANIES In 2023, leading companies such as Mercedes-Benz (3) and Volvo (2) were at the forefront of shipping Spices from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Spices exports accounted up to €1.95M and imports accounted up to €5.93M, resulting in a negative trade balance of €3.98M. Between July 2023 and July 2024 the exports of Belgium's   Spices have increased by €911k (87.5%) from €1.04M to €1.95M, while imports increased by €986k (19.9%) from €4.95M to €5.93M.

Destinations In July 2024, Spices were exported mostly to United Kingdom (€456k), Spain (€357k), Netherlands (€299k), France (€222k), and Germany (€113k), and were imported mostly from Netherlands (€2.79M), Germany (€1.03M), India (€451k), France (€326k), and Iran (€285k).

Growth In July 2024, the increase in Spices's year-by-year exports was explained primarily by an increase in exports to Spain (€108k or 401%), United Kingdom (€48.7k or 20.2%), and Poland (€44.8k or 79%). In July 2024, the increase in Spices's year-by-year imports was explained primarily by an increase in imports from Germany (€185k or 32.3%), Czechia (€158k or 1.56k%), and Poland (€136k or 221%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€911k(87.5%)
IMPORT GROWTH (July 2023 - July 2024)€986k(19.9%)
MAIN DESTINATION (July 2024)United Kingdom€456k

This section shows Spices'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 Spices over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$30.3M
IMPORTS (2022)$48.4M
NET TRADE (2022)-$18M

In 2022, Belgium exported $30.3M in Spices. The main destinations of Belgium exports on Spices were France ($9.14M), Netherlands ($7.12M), Germany ($3.5M), United Kingdom ($3.03M), and Luxembourg ($1.26M).

In 2022, Belgium imported $48.4M in Spices, mainly from Netherlands ($26.5M), India ($4.49M), Germany ($4.23M), France ($3.4M), and Turkey ($2.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Spices EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$2.02M (28.4%)
Germany$290k (9.03%)
Sweden$187k (27.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Spices BY Belgium WERE (2021 - 2022):
Netherlands-$1.89M (-21%)
Spain-$923k (-71.1%)
United Kingdom-$649k (-17.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Spices were:
India $538M
China $518M
Netherlands $203M
In 2022, Belgium's main importing competitors in Spices were:
United States $364M
Germany $211M
Netherlands $167M

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Trade Value of Spices by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $2.76M
TOP IMPORT POTENTIALGermany+ $2.37M

Spices’s highest export potential is Germany. With an export gap of $2.76M.   Spices’s highest import potential is Germany with an import gap of $2.37M.

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