Mineral Fuels Export of Belgium: The Trade Analysis of 2024

Belgium, located in the Western European region, sharing borders with Germany, the Netherlands, Luxembourg, and France in the East, North, Southeast, and Southwest directions, has established itself as a leading exporter of mineral fuels in the international trade market. Belgium Import Data says the country has recorded itself as a refining and re-export hub via the imports of crude oil and alcohol, which boasts no further refining procedure for high-value petroleum products export around the globe. Despite the decline in crude oil and natural gas prices, the pre-pandemic level recovery has been supporting the sustainability of the export growth rate of mineral fuels. The continuous hike in the LNG exports, with over 51 million kg to countries like Norway and the UK, has been pivotal for the overall revenue rate.

The quality regulations and geopolitical shifts contributing towards the hike in the mineral fuel exports and the broader market reach across multiple countries have resulted in an export trade value of mineral fuels worth 78 billion US dollars in 2024. The growth rate in the global demand and the investment made by the government authorities for a severe hike in future trade has maintained the continuity and the steady revenue rate. Subscribe to Import Globals, an import-export trade provider, to stay updated with the latest information on the mineral fuels export of Belgium via the Belgium Trade Data.

POLICY REFORMS INDUCED BY THE GOVERNMENT AUTHORITIES TO FACILITATE THE EXPORTS OF MINERAL FUELS

The expansion of Zeebrugge LNG terminal capacity from 110 to 134 million annually was initiated by the authorities to enhance the capacity of LNG volumes allowed for export from Belgium. This has strengthened the country’s role as a dependable export hub for the global market. The infrastructure investment in gas transmission and LNG facilities has improved the process of transmission and degasification of infrastructure, while enabling the greater export flexibility and operational scale for refined fuels.

The ban on low-quality fuel exports to West Africa has increased the quality standards provided by Belgium’s exports, aligning the product standards with the strict global market regulations. The promotion of hydrogen and CO2 infrastructure as part of energy hub development has diversified the export categories beyond traditional fuels. This has strengthened the country’s position as a future-oriented energy gateway for the export of clean energy carriers.

THE LEADING VARIANTS OF MINERAL FUELS EXPORTED FROM BELGIUM IN 2024

Belgium has shifted its focus of trade to the export of mineral fuels due to the higher revenue generated in the year-on-year trade statistics. According to the Belgium Export Data, the top 10 leading variants of mineral fuels exported from the nation in 2024 are,

  1. Petroleum oils — The total valuation of Petroleum oils exported from Belgium in 2024–18 billion US dollars
  2. Petroleum gases- The total valuation of Petroleum gases exported from Belgium in 2024–12 billion US dollars
  3. Electrical energy- The total valuation of Electrical energy exported from Belgium in 2024–10 billion US dollars
  4. Coal Tar — The total valuation of Coal Tar exported from Belgium in 2024–8 billion US dollars
  5. Peat- The total valuation of Peat exported from Belgium in 2024–7 billion US dollars
  6. Petroleum coke- The total valuation of Petroleum coke exported from Belgium in 2024–6 billion US dollars
  7. Bitumen and Asphalt — The total valuation of Bitumen and Asphalt exported from Belgium in 2024–5 billion US dollars
  8. Coal Briquettes- The total valuation of Coal Briquettes exported from Belgium in 2024–3 billion US dollars
  9. Crude Petroleum — The total valuation of Crude Petroleum exported from Belgium in 2024–2.7 billion US dollars
  10. Mineral waxes — The total valuation of Mineral waxes exported from Belgium in 2024–1.7 billion US dollars

TOP 10 EXPORT TRADE PARTNERS OF BELGIUM IN 2024

The country with its stronger economic ties with the topmost importers and valuable pricing strategies adopted as per the global standards has kept its trade categories coherently related to the global trade regulations. According to the Belgium Customs Data, the top 10 export trade partners of the nation in 2024 are,

  1. Germany — The annual valuation of mineral fuels exported from Belgium to Germany in 2024–16.7 billion US dollars

Top 5 variants of mineral fuels exported

1. Anthracite

2. Bituminous Coal

3. Sub-bituminous Coal

4. Lignite Coal

5. Coking coal

2. Netherlands — The annual valuation of mineral fuels exported from Belgium to the Netherlands in 2024–13 billion US dollars

Top 5 variants of mineral fuels exported

1. Steam coal

2. Peat

3. Briquetted coal

4. Coal gas

5. Tar sands oil

3. France — The annual valuation of mineral fuels exported from Belgium to France in 2024–12 billion US dollars

Top 5 variants of mineral fuels exported

1. Shale oil

2. Crude Petroleum

3. Light crude oil

4. Medium crude oil

5. Heavy crude oil

4. Nigeria — The annual valuation of mineral fuels exported from Belgium to Nigeria in 2024–10 billion US dollars

Top 5 variants of mineral fuels exported

1. Sour crude oil

2. Sweet crude oil

3. Brent crude oil

4. Dubai crude oil

5. Maya crude oil

5. United Kingdom — The annual valuation of mineral fuels exported from Belgium to the United Kingdom in 2024–8.6 billion US dollars

Top 5 variants of mineral fuels exported

1. Bonny Light crude oil

2. Murban crude oil

3. Urals crude oil

4. Refined petroleum

5. Gasoline

  1. Luxembourg — The annual valuation of mineral fuels exported from Belgium to Luxembourg in 2024–7.5 billion US dollars

Top 5 variants of mineral fuels exported

1. Aviation fuel

2. Naphtha

3. Heavy Naphtha

4. Gas oil

5. Diesel fuel

7. Angola — The annual valuation of mineral fuels exported from Belgium to Angola in 2024–6.7 billion US dollars

Top 5 variants of mineral fuels exported

1. Propane

2. Butane

3. Isobutane

4. Gasoline

5. Regular unleaded gasoline

8. Gibraltar — The annual valuation of mineral fuels exported from Belgium to Gibraltar in 2024–5.98 billion US dollars

Top 5 variants of mineral fuels exported

1. Lighting kerosene

2. Diesel fuel

3. Low-sulfur diesel

4. Ultra-low-sulfur diesel

5. Marine diesel oil

9. Senegal — The annual valuation of mineral fuels exported from Belgium to Senegal in 2024–4.76 billion US dollars

Top 5 variants of mineral fuels exported

1. Calcined petroleum coke

2. Anode-grade petroleum coke

3. Needle coke

4. Green petroleum coke

5. Naphtha

10. Russia — The annual valuation of mineral fuels exported from Belgium to Russia in 2024–3.21 billion US dollars

Top 5 variants of mineral fuels exported

1. Bright stock base oil

2. Process oil

3. Hydraulic oil

4. Turbine oil

5. Transformer oil

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