Paints, dyes, & varnishes in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $2.94B in Paints, dyes, & varnishes, making it the 11th largest exporter of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 30th most exported product in Belgium. The main destination of Paints, dyes, & varnishes exports from Belgium are: Germany ($434M), France ($373M), Netherlands ($219M), Italy ($198M), and United Kingdom ($163M).

The fastest growing export markets for Paints, dyes, & varnishes of Belgium between 2021 and 2022 were Indonesia ($49.5M), Turkey ($14.3M), and United States ($13M).

Imports In 2022, Belgium imported $2.86B in Paints, dyes, & varnishes, becoming the 9th largest importer of Paints, dyes, & varnishes in the world. At the same year, Paints, dyes, & varnishes was the 28th most imported product in Belgium. Belgium imports Paints, dyes, & varnishes primarily from: Germany ($762M), Netherlands ($399M), France ($346M), United States ($278M), and China ($249M).

The fastest growing import markets in Paints, dyes, & varnishes for Belgium between 2021 and 2022 were Germany ($89M), China ($82.5M), and Australia ($20.4M).

COMPANIES In 2023, leading companies such as VOLVO GROUP NORTH AMERICA LLC (10), DUPONT SPECIALTY PRODUCTS USA, LLC (3), and ZF FRIEDRICHSHAFEN AG (3) were at the forefront of shipping Paints, dyes, & varnishes from Belgium to the United States.

Latest Trends

January 2024

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Overview In January 2024 Belgium's Paints, dyes, & varnishes exports accounted up to €215M and imports accounted up to €129M, resulting in a positive trade balance of €86.5M. Between January 2023 and January 2024 the exports of Belgium's Paints, dyes, & varnishes have increased by €29.8M (16%) from €185M to €215M, while imports decreased by €-1.17M (-0.9%) from €130M to €129M.

Destinations In January 2024, Paints, dyes, & varnishes were exported mostly to Germany (€36.5M), France (€25.6M), Netherlands (€16.8M), Italy (€13.8M), and United Kingdom (€13.8M), and were imported mostly from Germany (€34.4M), Netherlands (€30.7M), France (€18.6M), China (€7.26M), and United States (€6.55M).

Growth In January 2024, the increase in Paints, dyes, & varnishes's year-by-year exports was explained primarily by an increase in exports to Singapore (€3.82M or 2.81k%), Turkey (€1.69M or 22.7%), and Saudi Arabia (€1.02M or 266%). In January 2024, the decrease in Paints, dyes, & varnishes's year-by-year imports was explained primarily by a decrease in imports from United Kingdom (€-11.4M or -70.1%), United States (€-2.78M or -26.6%), and China (€-1.49M or -34.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€29.8M(16%)

IMPORT GROWTH (January 2023 - January 2024)€-1.17M(-0.9%)

MAIN DESTINATION (January 2024)Germany€36.5M

This section shows Paints, dyes, & varnishes'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 Paints, dyes, & varnishes over time.

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