2022
Exports
$891MWorld Rnk 37 / 222
Flag Rnk 85 / 1213
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$1.85BWorld Rnk 22 / 225
Flag Rnk 33 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $891M in Insulated Wire, making it the 37th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 85th most exported product in Belgium. The main destination of Insulated Wire exports from Belgium are: France ($234M), Netherlands ($166M), Germany ($99M), Spain ($40.1M), and Italy ($38.8M).

The fastest growing export markets for Insulated Wire of Belgium between 2021 and 2022 were Netherlands ($35.7M), Spain ($21.4M), and Italy ($13.9M).

Imports In 2022, Belgium imported $1.85B in Insulated Wire, becoming the 22nd largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 33rd most imported product in Belgium. Belgium imports Insulated Wire primarily from: Germany ($205M), Italy ($190M), Romania ($185M), France ($155M), and Netherlands ($155M).

The fastest growing import markets in Insulated Wire for Belgium between 2021 and 2022 were Morocco ($26.9M), Turkey ($24.7M), and Portugal ($16.2M).

COMPANIES In 2023, leading companies such as Rolls-Royce (9), Samsung (5), and John Deere (3) were at the forefront of shipping Insulated Wire from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-6.65M(-12.2%)
IMPORT GROWTH (August 2023 - August 2024)€-19.4M(-17.3%)
MAIN DESTINATION (August 2024)Netherlands€10.1M

This section shows Insulated Wire'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 Insulated Wire over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$891M
IMPORTS (2022)$1.85B
NET TRADE (2022)-$959M

In 2022, Belgium exported $891M in Insulated Wire. The main destinations of Belgium exports on Insulated Wire were France ($234M), Netherlands ($166M), Germany ($99M), Spain ($40.1M), and Italy ($38.8M).

In 2022, Belgium imported $1.85B in Insulated Wire, mainly from Germany ($205M), Italy ($190M), Romania ($185M), France ($155M), and Netherlands ($155M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$35.7M (27.5%)
Spain$21.4M (114%)
Italy$13.9M (55.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Belgium WERE (2021 - 2022):
United Kingdom-$24.4M (-58.4%)
Germany-$17.6M (-15.1%)
Philippines-$7.29M (-60.9%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Insulated Wire were:
In 2022, Belgium's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $110M
TOP IMPORT POTENTIALGermany+ $151M

Insulated Wire’s highest export potential is Germany. With an export gap of $110M.   Insulated Wire’s highest import potential is Germany with an import gap of $151M.

See methodology.

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