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2023
Exports $237MWorld Rnk 18 / 166
Flag Rnk 76 / 96
2023
Destination $3.58M Germany
2022 - 2023
FASTEST GROWING MARKET $3.58MItaly
2023
PRODUCT COMPLEXITY IN Cermet articles1.83Rnk 12 / 1025
2023
Imports $435MWorld Rnk 15 / 209
Flag Rnk 70 / 96
2023
Origin $38.5M United States
2022 - 2023
FASTEST GROWING ORIGIN $38.5MUzbekistan
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $237M in Cermet articles, making it the 18th largest exporter of Cermet articles in the world. At the same year, Cermet articles was the 76th most exported product in Belgium. The main destination of Cermet articles exports from Belgium are: Germany ($48.9M), France ($48.1M), United States ($23.2M), Italy ($15.8M), and Netherlands ($14.7M).

The fastest growing export markets for Cermet articles of Belgium between 2022 and 2023 were Italy ($3.58M), Austria ($2.57M), and United Kingdom ($2.09M).

Imports In 2023, Belgium imported $435M in Cermet articles, becoming the 15th largest importer of Cermet articles in the world. At the same year, Cermet articles was the 70th most imported product in Belgium. Belgium imports Cermet articles primarily from: United States ($68.3M), Uzbekistan ($38.6M), Kazakhstan ($38.1M), Germany ($37.9M), and China ($34.2M).

The fastest growing import markets in Cermet articles for Belgium between 2022 and 2023 were Uzbekistan ($38.5M), Kazakhstan ($38.1M), and United States ($8.97M).

COMPANIES In 2023, leading companies such as DuPont (7) were at the forefront of shipping Cermet articles from Belgium to the United States.

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Cermet articles exports accounted up to €15.5M and imports accounted up to €44.5M, resulting in a negative trade balance of €29M. Between November 2023 and November 2024 the exports of Belgium's   Cermet articles have increased by €3.79M (32.3%) from €11.7M to €15.5M, while imports increased by €25.7M (137%) from €18.8M to €44.5M.

Destinations In November 2024, Cermet articles were exported mostly to Germany (€3.85M), France (€3.07M), United States (€2.52M), Austria (€814k), and Italy (€716k), and were imported mostly from Tajikistan (€16.8M), China (€6.8M), United States (€4.13M), Finland (€2.46M), and South Africa (€2.06M).

Growth In November 2024, the increase in Cermet articles's year-by-year exports was explained primarily by an increase in exports to Finland (€4.36M or 13.5k%), Brazil (€3.35M or 2.5k%), and Germany (€1.76M or 55.3%). In November 2024, the increase in Cermet articles's year-by-year imports was explained primarily by an increase in imports from United States (€1.23M or 27.2%), France (€352k or 27.4%), and Russia (€167k or 13.7%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.79M(32.3%)
IMPORT GROWTH (November 2023 - November 2024)€25.7M(137%)
MAIN DESTINATION (November 2024)Germany€3.85M

This section shows Cermet articles'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 Cermet articles over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$237M
IMPORTS (2023)$435M
NET TRADE (2023)-$198M

In 2023, Belgium exported $237M in Cermet articles. The main destinations of Belgium exports on Cermet articles were Germany ($48.9M), France ($48.1M), United States ($23.2M), Italy ($15.8M), and Netherlands ($14.7M).

In 2023, Belgium imported $435M in Cermet articles, mainly from United States ($68.3M), Uzbekistan ($38.6M), Kazakhstan ($38.1M), Germany ($37.9M), and China ($34.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cermet articles EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Italy$3.58M (29.4%)
Austria$2.57M (288%)
United Kingdom$2.09M (64.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cermet articles BY Belgium WERE (2022 - 2023):
India-$13M (-68.2%)
Hong Kong-$9.61M (-97.6%)
Netherlands-$7.76M (-34.5%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Cermet articles were:
China $5.49B
United States $3.51B
Democratic Republic of the Congo $2.4B
In 2023, Belgium's main importing competitors in Cermet articles were:
China $4.11B
United States $3.69B
Germany $2.45B

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Trade Value of Cermet articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $23.4M
TOP IMPORT POTENTIALGermany+ $18.2M

Cermet articles’s highest export potential is Germany. With an export gap of $23.4M.   Cermet articles’s highest import potential is Germany with an import gap of $18.2M.

See methodology.

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