Phosphoric Acid in Belgium | The Observatory of Economic Complexity

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Exports In 2022, Belgium exported $409M in Phosphoric Acid, making it the 7th largest exporter of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 173rd most exported product in Belgium. The main destination of Phosphoric Acid exports from Belgium are: France ($116M), Netherlands ($97.1M), United States ($42.3M), Germany ($38.9M), and Ireland ($28.8M).

The fastest growing export markets for Phosphoric Acid of Belgium between 2021 and 2022 were France ($46.8M), Netherlands ($37M), and Ireland ($11.3M).

Imports In 2022, Belgium imported $385M in Phosphoric Acid, becoming the 5th largest importer of Phosphoric Acid in the world. At the same year, Phosphoric Acid was the 224th most imported product in Belgium. Belgium imports Phosphoric Acid primarily from: Morocco ($309M), South Africa ($34.8M), Finland ($12.2M), China ($11.5M), and Netherlands ($8.93M).

The fastest growing import markets in Phosphoric Acid for Belgium between 2021 and 2022 were Morocco ($105M), South Africa ($18.4M), and China ($9.27M).

Latest Trends

January 2024

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Overview In January 2024 Belgium's Phosphoric Acid exports accounted up to €16.1M and imports accounted up to €8.41M, resulting in a positive trade balance of €7.68M. Between January 2023 and January 2024 the exports of Belgium's Phosphoric Acid have decreased by €-17.6M (-52.3%) from €33.7M to €16.1M, while imports decreased by €-7.86M (-48.3%) from €16.3M to €8.41M.

Destinations In January 2024, Phosphoric Acid were exported mostly to France (€5.46M), Netherlands (€4.18M), Ireland (€2.77M), Germany (€1.41M), and United States (€305k), and were imported mostly from Morocco (€6.92M), China (€597k), Netherlands (€544k), Poland (€107k), and Czechia (€64.7k).

Growth In January 2024, the decrease in Phosphoric Acid's year-by-year exports was explained primarily by a decrease in exports to Germany (€-1.72M or -40.6%), United States (€-976k or -19.6%), and Italy (€-649k or -56.2%). In January 2024, the decrease in Phosphoric Acid's year-by-year imports was explained primarily by a decrease in imports from Morocco (€-6.43M or -30.6%), Germany (€-44.3k or -48.4%), and Switzerland (€-19.8k or -90.6%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)€-17.6M(-52.3%)

IMPORT GROWTH (January 2023 - January 2024)€-7.86M(-48.3%)

MAIN DESTINATION (January 2024)France€5.46M

This section shows Phosphoric Acid'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 Phosphoric Acid over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$409M

IMPORTS (2022)$385M

NET TRADE (2022)$24.8M

In 2022, Belgium exported $409M in Phosphoric Acid. The main destinations of Belgium exports on Phosphoric Acid were France ($116M), Netherlands ($97.1M), United States ($42.3M), Germany ($38.9M), and Ireland ($28.8M).

In 2022, Belgium imported $385M in Phosphoric Acid, mainly from Morocco ($309M), South Africa ($34.8M), Finland ($12.2M), China ($11.5M), and Netherlands ($8.93M).

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