Industrial Fatty Acids, Oils and Alcohols in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $5.67B in Industrial Fatty Acids, Oils and Alcohols, making it the 5th largest exporter of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 9th most exported product in Belgium. The main destination of Industrial Fatty Acids, Oils and Alcohols exports from Belgium are: Netherlands ($1.79B), France ($1.25B), Germany ($1.21B), Italy ($253M), and United States ($153M).

The fastest growing export markets for Industrial Fatty Acids, Oils and Alcohols of Belgium between 2021 and 2022 were Germany ($431M), France ($429M), and Netherlands ($322M).

Imports In 2022, Belgium imported $6.95B in Industrial Fatty Acids, Oils and Alcohols, becoming the 2nd largest importer of Industrial Fatty Acids, Oils and Alcohols in the world. At the same year, Industrial Fatty Acids, Oils and Alcohols was the 10th most imported product in Belgium. Belgium imports Industrial Fatty Acids, Oils and Alcohols primarily from: Netherlands ($2.97B), Germany ($1.54B), China ($561M), France ($511M), and Italy ($388M).

The fastest growing import markets in Industrial Fatty Acids, Oils and Alcohols for Belgium between 2021 and 2022 were Germany ($515M), Netherlands ($418M), and China ($354M).

COMPANIES In 2023, leading companies such as were at the forefront of shipping Industrial Fatty Acids, Oils and Alcohols from Belgium to the United States.

Latest Trends

December 2023

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Overview In December 2023 Belgium's Industrial Fatty Acids, Oils and Alcohols exports accounted up to €14.5M and imports accounted up to €26.6M, resulting in a negative trade balance of €12.1M. Between December 2022 and December 2023 the exports of Belgium's Industrial Fatty Acids, Oils and Alcohols have decreased by €-18.3M (-55.9%) from €32.8M to €14.5M, while imports decreased by €-6.62M (-19.9%) from €33.2M to €26.6M.

Destinations In December 2023, Industrial Fatty Acids, Oils and Alcohols were exported mostly to France (€4.02M), Germany (€3.15M), Spain (€1.96M), Netherlands (€1.65M), and United Kingdom (€1.25M), and were imported mostly from Germany (€7.75M), Netherlands (€7.25M), France (€3.23M), Spain (€2.95M), and Brazil (€2.25M).

Growth In December 2023, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year exports was explained primarily by a decrease in exports to Germany (€-9.91M or -59.5%), United Kingdom (€-401k or -16.9%), and France (€-391k or -3.44%). In December 2023, the decrease in Industrial Fatty Acids, Oils and Alcohols's year-by-year imports was explained primarily by a decrease in imports from Germany (€-3.7M or -24.8%), Indonesia (€-1.15M or -77.4%), and China (€-314k or -100%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-18.3M(-55.9%)

IMPORT GROWTH (December 2022 - December 2023)€-6.62M(-19.9%)

MAIN DESTINATION (December 2023)France€4.02M

This section shows Industrial Fatty Acids, Oils and Alcohols'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 Industrial Fatty Acids, Oils and Alcohols over time.

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