Natural gums, resins & other vegetable extracts in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $75.3M in Natural gums, resins & other vegetable extracts, making it the 23rd largest exporter of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 86th most exported product in Belgium. The main destination of Natural gums, resins & other vegetable extracts exports from Belgium are: France ($14.7M), Netherlands ($12.2M), Spain ($5.53M), Italy ($5.19M), and Austria ($4.63M).

The fastest growing export markets for Natural gums, resins & other vegetable extracts of Belgium between 2021 and 2022 were France ($6.15M), Austria ($3.3M), and Netherlands ($2.44M).

Imports In 2022, Belgium imported $180M in Natural gums, resins & other vegetable extracts, becoming the 18th largest importer of Natural gums, resins & other vegetable extracts in the world. At the same year, Natural gums, resins & other vegetable extracts was the 81st most imported product in Belgium. Belgium imports Natural gums, resins & other vegetable extracts primarily from: United States ($34.5M), France ($22M), Spain ($17.9M), Denmark ($14.4M), and Germany ($13.2M).

The fastest growing import markets in Natural gums, resins & other vegetable extracts for Belgium between 2021 and 2022 were France ($12M), Spain ($6.25M), and India ($3.8M).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Natural gums, resins & other vegetable extracts exports accounted up to €2.79M and imports accounted up to €6.47M, resulting in a negative trade balance of €3.68M. Between January 2023 and January 2024 the exports of Belgium's Natural gums, resins & other vegetable extracts have decreased by €-1.97M (-41.4%) from €4.76M to €2.79M, while imports decreased by €-2.81M (-30.3%) from €9.28M to €6.47M.

Destinations In January 2024, Natural gums, resins & other vegetable extracts were exported mostly to United States (€506k), Netherlands (€472k), Spain (€345k), France (€263k), and Italy (€146k), and were imported mostly from Denmark (€1.25M), Germany (€1.02M), United States (€784k), Netherlands (€756k), and Spain (€542k).

Growth In January 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year exports was explained primarily by a decrease in exports to France (€-285k or -18.9%), Poland (€-104k or -88%), and Spain (€-78.5k or -23%). In January 2024, the decrease in Natural gums, resins & other vegetable extracts's year-by-year imports was explained primarily by a decrease in imports from France (€-299k or -21.8%), China (€-271k or -43.7%), and Italy (€-115k or -39%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-1.97M(-41.4%)

IMPORT GROWTH (January 2023 - January 2024)€-2.81M(-30.3%)

MAIN DESTINATION (January 2024)United States€506k

This section shows Natural gums, resins & other vegetable extracts'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 Natural gums, resins & other vegetable extracts over time.

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