Chemical products n.e.s. in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $9.39B in Chemical products n.e.s., making it the 7th largest exporter of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 10th most exported product in Belgium. The main destination of Chemical products n.e.s. exports from Belgium are: Netherlands ($2.11B), France ($1.75B), Germany ($1.6B), Italy ($446M), and United States ($279M).

The fastest growing export markets for Chemical products n.e.s. of Belgium between 2021 and 2022 were Netherlands ($359M), France ($357M), and Germany ($330M).

Imports In 2022, Belgium imported $10.3B in Chemical products n.e.s., becoming the 6th largest importer of Chemical products n.e.s. in the world. At the same year, Chemical products n.e.s. was the 11th most imported product in Belgium. Belgium imports Chemical products n.e.s. primarily from: Netherlands ($3.29B), Germany ($2.15B), France ($1.22B), Italy ($705M), and China ($677M).

The fastest growing import markets in Chemical products n.e.s. for Belgium between 2021 and 2022 were Germany ($469M), China ($354M), and Netherlands ($139M).

COMPANIES In 2023, leading companies such as AMERICAN OMNI TRADING (564), RHI US LTD (468), and THE DOW CHEMICAL COMPANY (156) were at the forefront of shipping Chemical products n.e.s. from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Chemical products n.e.s. exports accounted up to €492M and imports accounted up to €479M, resulting in a positive trade balance of €12.8M. Between December 2022 and December 2023 the exports of Belgium's Chemical products n.e.s. have decreased by €-144M (-22.6%) from €636M to €492M, while imports decreased by €-69.7M (-12.7%) from €549M to €479M.

Destinations In December 2023, Chemical products n.e.s. were exported mostly to France (€104M), Netherlands (€82.6M), Germany (€70.3M), Bulgaria (€22.2M), and United Kingdom (€19.8M), and were imported mostly from Netherlands (€174M), Germany (€116M), France (€53.5M), United States (€33.6M), and Spain (€17.4M).

Growth In December 2023, the decrease in Chemical products n.e.s.'s year-by-year exports was explained primarily by a decrease in exports to Germany (€-18.4M or -13.1%), France (€-12.3M or -10.8%), and Italy (€-11.6M or -20.6%). In December 2023, the decrease in Chemical products n.e.s.'s year-by-year imports was explained primarily by a decrease in imports from Germany (€-86.8M or -46.7%), China (€-12.6M or -56.4%), and Russia (€-10.3M or -98.5%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-144M(-22.6%)

IMPORT GROWTH (December 2022 - December 2023)€-69.7M(-12.7%)

MAIN DESTINATION (December 2023)France€104M

This section shows Chemical products n.e.s.'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 Chemical products n.e.s. over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$9.39B

IMPORTS (2022)$10.3B

NET TRADE (2022)-$925M

In 2022, Belgium exported $9.39B in Chemical products n.e.s.. The main destinations of Belgium exports on Chemical products n.e.s. were Netherlands ($2.11B), France ($1.75B), Germany ($1.6B), Italy ($446M), and United States ($279M).

In 2022, Belgium imported $10.3B in Chemical products n.e.s., mainly from Netherlands ($3.29B), Germany ($2.15B), France ($1.22B), Italy ($705M), and China ($677M).

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