Turpentine in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $5.18M in Turpentine, making it the 18th largest exporter of Turpentine in the world. At the same year, Turpentine was the 953rd most exported product in Belgium. The main destination of Turpentine exports from Belgium are: Hungary ($1.48M), India ($1.17M), Netherlands ($861k), Japan ($494k), and United Kingdom ($242k).

The fastest growing export markets for Turpentine of Belgium between 2021 and 2022 were Hungary ($508k), India ($468k), and Netherlands ($431k).

Imports In 2022, Belgium imported $2.69M in Turpentine, becoming the 16th largest importer of Turpentine in the world. At the same year, Turpentine was the 1103rd most imported product in Belgium. Belgium imports Turpentine primarily from: France ($1.3M), United States ($614k), Germany ($398k), Brazil ($205k), and Netherlands ($117k).

The fastest growing import markets in Turpentine for Belgium between 2021 and 2022 were United States ($473k), Germany ($289k), and Spain ($46.6k).

COMPANIES In 2023, leading companies such as AMAZON SERVICES LLC (116) were at the forefront of shipping Turpentine from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Turpentine exports accounted up to €287k and imports accounted up to €364k, resulting in a negative trade balance of €77.4k. Between December 2022 and December 2023 the exports of Belgium's Turpentine have increased by €170k (145%) from €117k to €287k, while imports increased by €169k (86.5%) from €195k to €364k.

Destinations In December 2023, Turpentine were exported mostly to Hungary (€137k), United Kingdom (€136k), Slovenia (€5.98k), Netherlands (€4.26k), and France (€1.37k), and were imported mostly from United States (€247k), Germany (€114k), Netherlands (€2.5k), and France (€481).

Growth In December 2023, the increase in Turpentine's year-by-year exports was explained primarily by an increase in exports to Germany (€386 or 28%) and France (€219 or 11.4%). In December 2023, the increase in Turpentine's year-by-year imports was explained primarily by an increase in imports from United States (€126k or 1.69k%) and Netherlands (€108 or 5.49%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€170k(145%)

IMPORT GROWTH (December 2022 - December 2023)€169k(86.5%)

MAIN DESTINATION (December 2023)Hungary€137k

This section shows Turpentine'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 Turpentine over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$5.18M

IMPORTS (2022)$2.69M

NET TRADE (2022)$2.49M

In 2022, Belgium exported $5.18M in Turpentine. The main destinations of Belgium exports on Turpentine were Hungary ($1.48M), India ($1.17M), Netherlands ($861k), Japan ($494k), and United Kingdom ($242k).

In 2022, Belgium imported $2.69M in Turpentine, mainly from France ($1.3M), United States ($614k), Germany ($398k), Brazil ($205k), and Netherlands ($117k).

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