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2023
Exports $9.25MWorld Rnk 10 / 122
Flag Rnk 873 / 1216
2023
Destination $106k France
2022 - 2023
FASTEST GROWING MARKET $106kSpain
2023
PRODUCT COMPLEXITY IN Vanilla-2.02Rnk 1000 / 1025
2023
Imports $8.41MWorld Rnk 10 / 190
Flag Rnk 940 / 1213
2023
Origin $735k Madagascar
2022 - 2023
FASTEST GROWING ORIGIN $735kMadagascar
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $9.25M in Vanilla, making it the 10th largest exporter of Vanilla in the world. At the same year, Vanilla was the 873rd most exported product in Belgium. The main destination of Vanilla exports from Belgium are: France ($8.72M), Netherlands ($179k), Spain ($106k), Italy ($52.7k), and United Kingdom ($48.8k).

The fastest growing export markets for Vanilla of Belgium between 2022 and 2023 were Spain ($106k), Italy ($52.7k), and Kuwait ($18.5k).

Imports In 2023, Belgium imported $8.41M in Vanilla, becoming the 10th largest importer of Vanilla in the world. At the same year, Vanilla was the 940th most imported product in Belgium. Belgium imports Vanilla primarily from: Madagascar ($3.23M), France ($2.65M), Uganda ($1.01M), Netherlands ($989k), and Germany ($315k).

The fastest growing import markets in Vanilla for Belgium between 2022 and 2023 were Madagascar ($735k), Uganda ($426k), and Papua New Guinea ($49.6k).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Vanilla exports accounted up to €25.6k and imports accounted up to €323k, resulting in a negative trade balance of €298k. Between October 2023 and October 2024 the exports of Belgium's   Vanilla have increased by €17.2k (204%) from €8.42k to €25.6k, while imports decreased by €-382k (-54.1%) from €705k to €323k.

Destinations In October 2024, Vanilla were exported mostly to Turkey (€7.6k), United States (€6.15k), Saudi Arabia (€4.05k), Luxembourg (€2.53k), and Cameroon (€2.01k), and were imported mostly from France (€182k), Netherlands (€80k), Germany (€35.5k), Indonesia (€11.8k), and French Polynesia (€10.5k).

Growth In October 2024, the increase in Vanilla's year-by-year exports was explained primarily by an increase in exports to Luxembourg (€1.73k or 1.06k%). In October 2024, the decrease in Vanilla's year-by-year imports was explained primarily by a decrease in imports from France (€-126k or -44.9%) and Germany (€-1.92k or -49.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€17.2k(204%)
IMPORT GROWTH (October 2023 - October 2024)€-382k(-54.1%)
MAIN DESTINATION (October 2024)Turkey€7.6k

This section shows Vanilla'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 Vanilla over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$9.25M
IMPORTS (2023)$8.41M
NET TRADE (2023)$837k

In 2023, Belgium exported $9.25M in Vanilla. The main destinations of Belgium exports on Vanilla were France ($8.72M), Netherlands ($179k), Spain ($106k), Italy ($52.7k), and United Kingdom ($48.8k).

In 2023, Belgium imported $8.41M in Vanilla, mainly from Madagascar ($3.23M), France ($2.65M), Uganda ($1.01M), Netherlands ($989k), and Germany ($315k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Vanilla EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Spain$106k (1%)
Italy$52.7k (1%)
Kuwait$18.5k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Vanilla BY Belgium WERE (2022 - 2023):
France-$5.01M (-36.5%)
Czechia-$197k (-100%)
Netherlands-$18.4k (-9.32%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Vanilla were:
Madagascar $389M
Uganda $33.1M
France $29.2M
In 2023, Belgium's main importing competitors in Vanilla were:
United States $217M
France $130M
Germany $49.4M

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Trade Value of Vanilla by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALNetherlands+ $307k
TOP IMPORT POTENTIALGermany+ $439k

Vanilla’s highest export potential is Netherlands. With an export gap of $307k.   Vanilla’s highest import potential is Germany with an import gap of $439k.

See methodology.

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