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2023
Exports $396MWorld Rnk 6 / 95
Flag Rnk 181 / 1216
2023
Destination $24.6M France
2022 - 2023
FASTEST GROWING MARKET $24.6MIreland
2023
PRODUCT COMPLEXITY IN Sulfonamides1.11Rnk 142 / 1025
2023
Imports $590MWorld Rnk 4 / 175
Flag Rnk 119 / 1213
2023
Origin $10.8M Ireland
2022 - 2023
FASTEST GROWING ORIGIN $10.8MIndia
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $396M in Sulfonamides, making it the 6th largest exporter of Sulfonamides in the world. At the same year, Sulfonamides was the 181st most exported product in Belgium. The main destination of Sulfonamides exports from Belgium are: France ($212M), China ($57.8M), Ireland ($31.5M), Italy ($18.1M), and Egypt ($12.5M).

The fastest growing export markets for Sulfonamides of Belgium between 2022 and 2023 were Ireland ($24.6M), Saudi Arabia ($7.09M), and Egypt ($4.97M).

Imports In 2023, Belgium imported $590M in Sulfonamides, becoming the 4th largest importer of Sulfonamides in the world. At the same year, Sulfonamides was the 119th most imported product in Belgium. Belgium imports Sulfonamides primarily from: Ireland ($488M), Singapore ($36.8M), Switzerland ($19.6M), United States ($14.4M), and India ($13.3M).

The fastest growing import markets in Sulfonamides for Belgium between 2022 and 2023 were India ($10.8M), Singapore ($10.2M), and Switzerland ($1.01M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Sulfonamides exports accounted up to €19.1M and imports accounted up to €101M, resulting in a negative trade balance of €82M. Between October 2023 and October 2024 the exports of Belgium's   Sulfonamides have increased by €16M (514%) from €3.12M to €19.1M, while imports increased by €70.5M (230%) from €30.6M to €101M.

Destinations In October 2024, Sulfonamides were exported mostly to Japan (€8.62M), Ireland (€3.65M), France (€2.53M), Saudi Arabia (€1.57M), and United States (€1.3M), and were imported mostly from Ireland (€98.2M), Singapore (€2.55M), United Kingdom (€126k), South Korea (€99.5k), and Netherlands (€94.3k).

Growth In October 2024, the increase in Sulfonamides's year-by-year exports was explained primarily by an increase in exports to France (€16.7M or 8.52k%), Turkey (€8.86M or 2.77k%), and Germany (€226k or 46.2%). In October 2024, the increase in Sulfonamides's year-by-year imports was explained primarily by an increase in imports from Ireland (€80.6M or 322M%), China (€4.48M or 337%), and Switzerland (€1.75M or 115%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€16M(514%)
IMPORT GROWTH (October 2023 - October 2024)€70.5M(230%)
MAIN DESTINATION (October 2024)Japan€8.62M

This section shows Sulfonamides'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 Sulfonamides over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$396M
IMPORTS (2023)$590M
NET TRADE (2023)-$194M

In 2023, Belgium exported $396M in Sulfonamides. The main destinations of Belgium exports on Sulfonamides were France ($212M), China ($57.8M), Ireland ($31.5M), Italy ($18.1M), and Egypt ($12.5M).

In 2023, Belgium imported $590M in Sulfonamides, mainly from Ireland ($488M), Singapore ($36.8M), Switzerland ($19.6M), United States ($14.4M), and India ($13.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Sulfonamides EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Ireland$24.6M (357%)
Saudi Arabia$7.09M (6.81k%)
Egypt$4.97M (66%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Sulfonamides BY Belgium WERE (2022 - 2023):
France-$161M (-43.1%)
China-$31.7M (-35.4%)
Mexico-$10.8M (-48.6%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Sulfonamides were:
Ireland $2.15B
Switzerland $1.58B
China $819M
In 2023, Belgium's main importing competitors in Sulfonamides were:
United States $1.72B
Slovenia $1B
Germany $602M

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Trade Value of Sulfonamides by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $16.2M
TOP IMPORT POTENTIALSwitzerland+ $13.3M

Sulfonamides’s highest export potential is United States. With an export gap of $16.2M.   Sulfonamides’s highest import potential is Switzerland with an import gap of $13.3M.

See methodology.

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