2022
Exports
$278MWorld Rnk 25 / 126
Flag Rnk 242 / 1213
2022
PRODUCT COMPLEXITY IN Hot-Rolled Iron Bars
-0.34Rnk 659 / 1025
2022
Imports
$744MWorld Rnk 5 / 210
Flag Rnk 129 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $278M in Hot-Rolled Iron Bars, making it the 25th largest exporter of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 242nd most exported product in Belgium. The main destination of Hot-Rolled Iron Bars exports from Belgium are: Netherlands ($131M), Germany ($75.7M), France ($49.2M), Italy ($11.6M), and Benin ($4.03M).

The fastest growing export markets for Hot-Rolled Iron Bars of Belgium between 2021 and 2022 were Senegal ($1.31M), Lithuania ($1.21M), and Poland ($734k).

Imports In 2022, Belgium imported $744M in Hot-Rolled Iron Bars, becoming the 5th largest importer of Hot-Rolled Iron Bars in the world. At the same year, Hot-Rolled Iron Bars was the 129th most imported product in Belgium. Belgium imports Hot-Rolled Iron Bars primarily from: Malaysia ($236M), Spain ($106M), Indonesia ($80M), Germany ($79.7M), and France ($55.1M).

The fastest growing import markets in Hot-Rolled Iron Bars for Belgium between 2021 and 2022 were Malaysia ($156M), Indonesia ($61.8M), and France ($38.2M).

Latest Trends

September 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (September 2023 - September 2024)€-8.12M(-86.7%)
IMPORT GROWTH (September 2023 - September 2024)€1.38M(9.92%)
MAIN DESTINATION (September 2024)Bulgaria€655k

This section shows Hot-Rolled Iron Bars'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 Hot-Rolled Iron Bars over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$278M
IMPORTS (2022)$744M
NET TRADE (2022)-$466M

In 2022, Belgium exported $278M in Hot-Rolled Iron Bars. The main destinations of Belgium exports on Hot-Rolled Iron Bars were Netherlands ($131M), Germany ($75.7M), France ($49.2M), Italy ($11.6M), and Benin ($4.03M).

In 2022, Belgium imported $744M in Hot-Rolled Iron Bars, mainly from Malaysia ($236M), Spain ($106M), Indonesia ($80M), Germany ($79.7M), and France ($55.1M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hot-Rolled Iron Bars EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Senegal$1.31M (953%)
Lithuania$1.21M (1%)
Poland$734k (490%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hot-Rolled Iron Bars BY Belgium WERE (2021 - 2022):
Netherlands-$65.3M (-33.2%)
Germany-$17.7M (-19%)
Italy-$7.81M (-40.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Hot-Rolled Iron Bars were:
Germany $1.64B
China $1.62B
In 2022, Belgium's main importing competitors in Hot-Rolled Iron Bars were:

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Trade Value of Hot-Rolled Iron Bars by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $24.4M
TOP IMPORT POTENTIALGermany+ $37.5M

Hot-Rolled Iron Bars’s highest export potential is Germany. With an export gap of $24.4M.   Hot-Rolled Iron Bars’s highest import potential is Germany with an import gap of $37.5M.

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