Nitric Acids in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $142M in Nitric Acids, making it the 2nd largest exporter of Nitric Acids in the world. At the same year, Nitric Acids was the 374th most exported product in Belgium. The main destination of Nitric Acids exports from Belgium are: Germany ($59.8M), France ($28.5M), Netherlands ($26.3M), Morocco ($4.25M), and Spain ($3.76M).

The fastest growing export markets for Nitric Acids of Belgium between 2021 and 2022 were Germany ($28.7M), Netherlands ($16.1M), and France ($13.4M).

Imports In 2022, Belgium imported $42M in Nitric Acids, becoming the 4th largest importer of Nitric Acids in the world. At the same year, Nitric Acids was the 696th most imported product in Belgium. Belgium imports Nitric Acids primarily from: Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

The fastest growing import markets in Nitric Acids for Belgium between 2021 and 2022 were Germany ($11.1M), Czechia ($14.2k), and Spain ($9.65k).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Nitric Acids from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Nitric Acids exports accounted up to €5.45M and imports accounted up to €810k, resulting in a positive trade balance of €4.64M. Between December 2022 and December 2023 the exports of Belgium's Nitric Acids have decreased by €-4.07M (-42.7%) from €9.51M to €5.45M, while imports decreased by €-445k (-35.5%) from €1.25M to €810k.

Destinations In December 2023, Nitric Acids were exported mostly to Germany (€2.39M), Netherlands (€1.21M), France (€680k), Morocco (€363k), and Kenya (€142k), and were imported mostly from Germany (€536k), Netherlands (€93.8k), Czechia (€92.4k), France (€47.2k), and United Kingdom (€31.6k).

Growth In December 2023, the decrease in Nitric Acids's year-by-year exports was explained primarily by a decrease in exports to France (€-1.08M or -38.9%), Netherlands (€-367k or -21.9%), and Spain (€-103k or -27.1%). In December 2023, the decrease in Nitric Acids's year-by-year imports was explained primarily by a decrease in imports from Germany (€-367k or -13.6%) and France (€-7.72k or -12.7%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-4.07M(-42.7%)

IMPORT GROWTH (December 2022 - December 2023)€-445k(-35.5%)

MAIN DESTINATION (December 2023)Germany€2.39M

This section shows Nitric Acids'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 Nitric Acids over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$142M

IMPORTS (2022)$42M

NET TRADE (2022)$100M

In 2022, Belgium exported $142M in Nitric Acids. The main destinations of Belgium exports on Nitric Acids were Germany ($59.8M), France ($28.5M), Netherlands ($26.3M), Morocco ($4.25M), and Spain ($3.76M).

In 2022, Belgium imported $42M in Nitric Acids, mainly from Germany ($32.3M), Norway ($4.49M), Netherlands ($3.78M), France ($712k), and Czechia ($474k).

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