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2022
Exports $3.9BWorld Rnk 3 / 128
Flag Rnk 12 / 1213
2022
Destination $169M France
2021 - 2022
FASTEST GROWING MARKET $169MGermany
2022
PRODUCT COMPLEXITY IN Large Flat-Rolled Stainless Steel1.05Rnk 151 / 1025
2022
Imports $919MWorld Rnk 15 / 208
Flag Rnk 103 / 1214
2022
Origin $138M China
2021 - 2022
FASTEST GROWING ORIGIN $138MChina
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $3.9B in Large Flat-Rolled Stainless Steel, making it the 3rd largest exporter of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 12th most exported product in Belgium. The main destination of Large Flat-Rolled Stainless Steel exports from Belgium are: France ($1.4B), Germany ($933M), Italy ($412M), Netherlands ($186M), and United States ($165M).

The fastest growing export markets for Large Flat-Rolled Stainless Steel of Belgium between 2021 and 2022 were Germany ($169M), Netherlands ($77.1M), and United States ($73M).

Imports In 2022, Belgium imported $919M in Large Flat-Rolled Stainless Steel, becoming the 15th largest importer of Large Flat-Rolled Stainless Steel in the world. At the same year, Large Flat-Rolled Stainless Steel was the 103rd most imported product in Belgium. Belgium imports Large Flat-Rolled Stainless Steel primarily from: China ($177M), Italy ($131M), France ($93.9M), India ($74M), and Netherlands ($69.1M).

The fastest growing import markets in Large Flat-Rolled Stainless Steel for Belgium between 2021 and 2022 were China ($138M), Italy ($57.6M), and South Korea ($20.2M).

COMPANIES In 2023, leading companies such as General Motors (9), Ford Motor Company (2), and Elkem Silicones (1) were at the forefront of shipping Large Flat-Rolled Stainless Steel from Belgium to the United States.

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Large Flat-Rolled Stainless Steel exports accounted up to €7.65M and imports accounted up to €159k, resulting in a positive trade balance of €7.49M. Between May 2023 and May 2024 the exports of Belgium's   Large Flat-Rolled Stainless Steel have decreased by €-287M (-97.4%) from €295M to €7.65M, while imports decreased by €-19.9M (-99.2%) from €20M to €159k.

Destinations In May 2024, Large Flat-Rolled Stainless Steel were exported mostly to Czechia (€5.29M), Switzerland (€741k), Canada (€497k), Bulgaria (€332k), and Austria (€270k), and were imported mostly from China (€63.5k), Brazil (€60.8k), Bulgaria (€19.9k), and Czechia (€14.7k).

Growth In May 2024, the decrease in Large Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to France (€-37.7M or -34.6%), Italy (€-9.88M or -14.4%), and Poland (€-9.11M or -48.5%). In May 2024, the decrease in Large Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Indonesia (€-9.85M or -99.8%), Chinese Taipei (€-9.51M or -75.6%), and France (€-5.49M or -56.2%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-287M(-97.4%)
IMPORT GROWTH (May 2023 - May 2024)€-19.9M(-99.2%)
MAIN DESTINATION (May 2024)Czechia€5.29M

This section shows Large Flat-Rolled Stainless Steel'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 Large Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$3.9B
IMPORTS (2022)$919M
NET TRADE (2022)$2.98B

In 2022, Belgium exported $3.9B in Large Flat-Rolled Stainless Steel. The main destinations of Belgium exports on Large Flat-Rolled Stainless Steel were France ($1.4B), Germany ($933M), Italy ($412M), Netherlands ($186M), and United States ($165M).

In 2022, Belgium imported $919M in Large Flat-Rolled Stainless Steel, mainly from China ($177M), Italy ($131M), France ($93.9M), India ($74M), and Netherlands ($69.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Large Flat-Rolled Stainless Steel EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Germany$169M (22.1%)
Netherlands$77.1M (71.1%)
United States$73M (79.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Large Flat-Rolled Stainless Steel BY Belgium WERE (2021 - 2022):
Russia-$23.6M (-81.4%)
Luxembourg-$7.3M (-7.91%)
Austria-$3.34M (-33.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Large Flat-Rolled Stainless Steel were:
China $8.91B
Indonesia $7.43B
In 2022, Belgium's main importing competitors in Large Flat-Rolled Stainless Steel were:
Germany $4.95B
Italy $4.45B
China $3.42B

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Trade Value of Large Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $180M
TOP IMPORT POTENTIALFrance+ $39M

Large Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $180M.   Large Flat-Rolled Stainless Steel’s highest import potential is France with an import gap of $39M.

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