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2022
Exports $10.4MWorld Rnk 18 / 132
Flag Rnk 867 / 1213
2022
Destination $4.33M Germany
2021 - 2022
FASTEST GROWING MARKET $4.33MGermany
2022
PRODUCT COMPLEXITY IN Oil Seed Flower-0.94Rnk 826 / 1025
2022
Imports $40.3MWorld Rnk 8 / 195
Flag Rnk 707 / 1214
2022
Origin $1.85M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $1.85MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $10.4M in Oil Seed Flower, making it the 18th largest exporter of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 867th most exported product in Belgium. The main destination of Oil Seed Flower exports from Belgium are: Germany ($5.33M), France ($3.05M), Netherlands ($484k), Mozambique ($342k), and Slovakia ($206k).

The fastest growing export markets for Oil Seed Flower of Belgium between 2021 and 2022 were Germany ($4.33M), Mozambique ($342k), and Slovakia ($81.9k).

Imports In 2022, Belgium imported $40.3M in Oil Seed Flower, becoming the 8th largest importer of Oil Seed Flower in the world. At the same year, Oil Seed Flower was the 707th most imported product in Belgium. Belgium imports Oil Seed Flower primarily from: Netherlands ($26M), Serbia ($3.96M), Austria ($3.22M), Italy ($2.71M), and Togo ($1.35M).

The fastest growing import markets in Oil Seed Flower for Belgium between 2021 and 2022 were Netherlands ($1.85M), Togo ($425k), and Sweden ($415k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Oil Seed Flower exports accounted up to €160k and imports accounted up to €450k, resulting in a negative trade balance of €289k. Between May 2023 and May 2024 the exports of Belgium's   Oil Seed Flower have decreased by €-310k (-65.9%) from €470k to €160k, while imports decreased by €-5.68M (-92.7%) from €6.13M to €450k.

Destinations In May 2024, Oil Seed Flower were exported mostly to Germany (€158k), Switzerland (€2.19k), and Bulgaria (€126), and were imported mostly from Austria (€317k), Germany (€98.1k), Canada (€32.2k), Argentina (€2.64k), and Democratic Republic of the Congo (€56).

Growth In May 2024, the decrease in Oil Seed Flower's year-by-year exports was explained primarily by a decrease in exports to France (€-162k or -33.3%), Netherlands (€-26.1k or -40.3%), and Italy (€-5.21k or -31.3%). In May 2024, the decrease in Oil Seed Flower's year-by-year imports was explained primarily by a decrease in imports from France (€-608k or -92.6%), Canada (€-40.4k or -28.3%), and Germany (€-24.8k or -19.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-310k(-65.9%)
IMPORT GROWTH (May 2023 - May 2024)€-5.68M(-92.7%)
MAIN DESTINATION (May 2024)Germany€158k

This section shows Oil Seed Flower'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 Oil Seed Flower over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$10.4M
IMPORTS (2022)$40.3M
NET TRADE (2022)-$29.9M

In 2022, Belgium exported $10.4M in Oil Seed Flower. The main destinations of Belgium exports on Oil Seed Flower were Germany ($5.33M), France ($3.05M), Netherlands ($484k), Mozambique ($342k), and Slovakia ($206k).

In 2022, Belgium imported $40.3M in Oil Seed Flower, mainly from Netherlands ($26M), Serbia ($3.96M), Austria ($3.22M), Italy ($2.71M), and Togo ($1.35M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Oil Seed Flower EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$4.33M (433%)
Mozambique$342k (1%)
Slovakia$81.9k (66.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Oil Seed Flower BY Belgium WERE (2021 - 2022):
Sweden-$1.11M (-100%)
Spain-$1.08M (-92.8%)
Netherlands-$445k (-47.9%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Oil Seed Flower were:
United States $412M
Italy $139M
China $66.2M
In 2022, Belgium's main importing competitors in Oil Seed Flower were:
Vietnam $132M
Japan $79.5M
South Korea $73.8M

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Trade Value of Oil Seed Flower by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $566k
TOP IMPORT POTENTIALUnited States+ $331k

Oil Seed Flower’s highest export potential is France. With an export gap of $566k.   Oil Seed Flower’s highest import potential is United States with an import gap of $331k.

See methodology.

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