The Flemish Region’s market share in world trade stood at 1.9% in 2019. This is the share of exports from the Flemish Region in the total imports of all countries in the world.
Between 2002 and 2012, the Flemish Region’s market share dropped from 2.8% to 2.0%. In the years 2012-2018, the Flemish market share remained virtually stable. In 2019 it went below the 2% threshold.
The market shares of Belgium and the neighbouring countries are larger. But they concern larger economies. The German market share was 8.3% in 2019, that from Belgium was 2.4%. The market shares of Belgium and the neighbouring countries have been declining over time. The decline was particularly striking for France. While France had a larger market share than the Netherlands in 2002, this has been reversed since 2008. Germany slightly increased its market share again from 2013 to 2016, but was unable to maintain this gain in the years following.
In 2019, the market share of the Flemish Region in the new EU13 member states was 2.2%. That is slightly higher than the total Flemish market share in world trade (all countries). The neighbouring countries have a higher market share in these EU13 member states. Germany performs best with a share of 22.5%, which can be explained by Germany’s geographical proximity to the EU13 members states. Between 2009 and 2019, the Flemish Region lost some of its market share in the EU13 countries.
In 2019, the Flemish Region had a market share of 0.7% in the BRIC countries, which is significantly less than Germany (5.4%). Between 2009 and 2019, both the Flemish Region and the neighbouring countries lost market share in the BRIC countries.
In the Next 11 countries the Flemish Region was able to achieve a market share of 0.7% in 2019. Flanders has been losing ground here, just like its neighbouring countries, since 2009.
In 2019, the Flemish Region accounted for 0.4% of imports from the Asian Tigers. Between 2009 and 2019, the Flemish market share shrank while France and the Netherlands registered an increase.
In 2019, the Flemish market share in North America was 0.8%. Our neighbouring countries managed to increase their share in this area between 2009 and 2019.
The market share of the Flemish Region in Japan stood at 0.5% in 2019. The Flemish Region lost ground between 2009 and 2019.
The Flemish Region had a market share of 2.7% in Sub-Sahara Africa in 2019. The neighbouring countries performed better.
Asian Tigers: South Korea, Taiwan, Singapore and Hong Kong.
BRIC countries: Brazil, Russia, India and China
EU13 countries: Poland, Hungary, Estonia, Latvia, Lithuania, Czech Republic, Slovakia, Slovenia, Cyprus, Malta, Romania, Bulgaria and Croatia.
Next 11 countries: Bangladesh, Egypt, Indonesia, Iran, South Korea, Mexico, Nigeria, the Philippines, Pakistan, Turkey and Vietnam.
Market shares: indicate the share of a country (or region) in total imports from a reference country (or group of reference countries) or exports from country x to country y in % of the total imports of country y.
North America: United States (US) and Canada.
Sub-Sahara Africa: Africa minus North Africa but including Sudan.