Why Are These The Belgium's Top 10 Exports, By 2021-24? Blog-39

 

By Dr. Lade Vedkumar.

Very impressive export prospects are going to expand in these products by 2024.

These are the products average export values of 2020 and export prospects by 2024.

Motor vehicles:

2020-28.7 billion dollars, 

2024-34.7 billion dollars.

Medicaments:

2020-16.5 billion dollars,

2024-22.6 billion dollars.

Blood fraction:

2020-14.9 billion dollars, 

2024-20.2 billion dollars.

Other organic chemicals:

2020-9.0 billion dollars,

2024-9.1 billion dollars.

Vehicle parts:

2020-3.6 billion dollars, 

2024-4.6 billion dollars.

Miscellaneous chemical:

2020-3.0 billion dollars,  

2024-4.4 billion dollars.

Diamonds:

2020-6.6 billion dollars, 

2024-4.4 billion dollars.

Medicaments containing hormones or steroids:

2020-2.5 billion dollars,

2024-3.6 billion dollars.

Road tractors for semi-trailers:

2020-2.4 billion dollars, 

2024-3.2 billion dollars.

Polyethylene:

2020-2.1 billion dollars, 

2024-3.1 billion dollars.

Important conclusion:

Best results can be found in products having larger absolute difference between 2020's exports and prospects by 2024 in value terms. It will create the space to earn additional export.

Such three products are cars, medicaments, blood fractions.

Note: All the values are in an US dollar. Prices may vary as per the market demand and dollar value fluctuation. 2020's average export value can be equivalent to or lower than export values recorded in other trade databases. The average value is the essence of the reliable reports of the last five years. Six digit HS code was used for the above outlook.

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Research source:

1. World Trade Organization, Trade forecast.

2. World Bank WITS.

3. International Trade Centre.

Research access duration January 2020.

© 2020-24 Future Export Vision.