2022
Exports
$49.2MWorld Rnk 22 / 159
Flag Rnk 558 / 1213
2022
PRODUCT COMPLEXITY IN Electric Furnaces
1.31Rnk 93 / 1025
2022
Imports
$56.3MWorld Rnk 26 / 209
Flag Rnk 633 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $49.2M in Electric Furnaces, making it the 22nd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 558th most exported product in Belgium. The main destination of Electric Furnaces exports from Belgium are: China ($18.6M), United States ($9.75M), France ($2.85M), Netherlands ($1.98M), and Russia ($1.81M).

The fastest growing export markets for Electric Furnaces of Belgium between 2021 and 2022 were China ($13.9M), United States ($6.43M), and Brazil ($1.5M).

Imports In 2022, Belgium imported $56.3M in Electric Furnaces, becoming the 26th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 633rd most imported product in Belgium. Belgium imports Electric Furnaces primarily from: Germany ($12.6M), Netherlands ($11.9M), Italy ($7.55M), China ($6.08M), and United States ($5.72M).

The fastest growing import markets in Electric Furnaces for Belgium between 2021 and 2022 were Netherlands ($5.42M), China ($4.45M), and United States ($1.75M).

COMPANIES In 2023, leading companies such as Marelli Automotive Lighting (12), ZF Friedrichshafen (3), and Schaeffler Group (1) were at the forefront of shipping Electric Furnaces from Belgium to the United States.

Latest Trends

July 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-1.58M(-64.1%)
IMPORT GROWTH (July 2023 - July 2024)€-1.06M(-40.8%)
MAIN DESTINATION (July 2024)Japan€171k

This section shows Electric Furnaces'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 Electric Furnaces over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$49.2M
IMPORTS (2022)$56.3M
NET TRADE (2022)-$7.06M

In 2022, Belgium exported $49.2M in Electric Furnaces. The main destinations of Belgium exports on Electric Furnaces were China ($18.6M), United States ($9.75M), France ($2.85M), Netherlands ($1.98M), and Russia ($1.81M).

In 2022, Belgium imported $56.3M in Electric Furnaces, mainly from Germany ($12.6M), Netherlands ($11.9M), Italy ($7.55M), China ($6.08M), and United States ($5.72M).

Explore Visualizations

Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
China$13.9M (296%)
United States$6.43M (194%)
Brazil$1.5M (3.89k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Belgium WERE (2021 - 2022):
India-$4.1M (-83.2%)
France-$1M (-26%)
Spain-$895k (-73.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Belgium's main importing competitors in Electric Furnaces were:

Explore Visualizations

Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALUnited States+ $3.17M
TOP IMPORT POTENTIALGermany+ $7.91M

Electric Furnaces’s highest export potential is United States. With an export gap of $3.17M.   Electric Furnaces’s highest import potential is Germany with an import gap of $7.91M.

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