Wool & animal hair in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $62M in Wool & animal hair, making it the 29th largest exporter of Wool & animal hair in the world. At the same year, Wool & animal hair was the 87th most exported product in Belgium. The main destination of Wool & animal hair exports from Belgium are: United States ($7.66M), Italy ($7.5M), Germany ($7.38M), China ($4.39M), and France ($4.15M).

The fastest growing export markets for Wool & animal hair of Belgium between 2021 and 2022 were Czechia ($867k), Romania ($834k), and Spain ($764k).

Imports In 2022, Belgium imported $69M in Wool & animal hair, becoming the 33rd largest importer of Wool & animal hair in the world. At the same year, Wool & animal hair was the 88th most imported product in Belgium. Belgium imports Wool & animal hair primarily from: Italy ($16.2M), United Kingdom ($11.9M), Germany ($9.32M), Portugal ($3.42M), and Poland ($3.32M).

The fastest growing import markets in Wool & animal hair for Belgium between 2021 and 2022 were United Kingdom ($2.24M), Poland ($1.77M), and India ($575k).

Latest Trends

March 2024

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Overview In March 2024 Belgium's Wool & animal hair exports accounted up to €4.73M and imports accounted up to €3.26M, resulting in a positive trade balance of €1.47M. Between March 2023 and March 2024 the exports of Belgium's Wool & animal hair have decreased by €-2.28M (-32.5%) from €7.01M to €4.73M, while imports decreased by €-2.73M (-45.6%) from €5.98M to €3.26M.

Destinations In March 2024, Wool & animal hair were exported mostly to United States (€1.13M), Germany (€560k), China (€423k), South Korea (€406k), and Portugal (€373k), and were imported mostly from United Kingdom (€1.08M), Germany (€697k), Italy (€540k), Portugal (€146k), and New Zealand (€145k).

Growth In March 2024, the decrease in Wool & animal hair's year-by-year exports was explained primarily by a decrease in exports to Romania (€-427k or -94.1%), Germany (€-330k or -39.3%), and Austria (€-109k or -87.9%). In March 2024, the decrease in Wool & animal hair's year-by-year imports was explained primarily by a decrease in imports from Portugal (€-204k or -59.6%), India (€-183k or -100%), and France (€-134k or -57.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (March 2023 - March 2024)€-2.28M(-32.5%)

IMPORT GROWTH (March 2023 - March 2024)€-2.73M(-45.6%)

MAIN DESTINATION (March 2024)United States€1.13M

This section shows Wool & animal hair'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 Wool & animal hair over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$62M

IMPORTS (2022)$69M

NET TRADE (2022)-$7.01M

In 2022, Belgium exported $62M in Wool & animal hair. The main destinations of Belgium exports on Wool & animal hair were United States ($7.66M), Italy ($7.5M), Germany ($7.38M), China ($4.39M), and France ($4.15M).

In 2022, Belgium imported $69M in Wool & animal hair, mainly from Italy ($16.2M), United Kingdom ($11.9M), Germany ($9.32M), Portugal ($3.42M), and Poland ($3.32M).

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