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2023
Exports $228MWorld Rnk 18 / 164
Flag Rnk 285 / 1216
2023
Destination $5.15M France
2022 - 2023
FASTEST GROWING MARKET $5.15MUnited Kingdom
2023
PRODUCT COMPLEXITY IN Iron Blocks-0.47Rnk 688 / 1025
2023
Imports $345MWorld Rnk 13 / 220
Flag Rnk 208 / 1213
2023
Origin $1.57M Luxembourg
2022 - 2023
FASTEST GROWING ORIGIN $1.57MUnited Kingdom
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $228M in Iron Blocks, making it the 18th largest exporter of Iron Blocks in the world. At the same year, Iron Blocks was the 285th most exported product in Belgium. The main destination of Iron Blocks exports from Belgium are: France ($97.5M), Netherlands ($34.7M), Germany ($21.2M), United Kingdom ($8.36M), and Poland ($5.4M).

The fastest growing export markets for Iron Blocks of Belgium between 2022 and 2023 were United Kingdom ($5.15M), Japan ($4.05M), and Algeria ($2.77M).

Imports In 2023, Belgium imported $345M in Iron Blocks, becoming the 13th largest importer of Iron Blocks in the world. At the same year, Iron Blocks was the 208th most imported product in Belgium. Belgium imports Iron Blocks primarily from: Luxembourg ($92M), Germany ($77M), Netherlands ($60.8M), Spain ($43.6M), and France ($26.5M).

The fastest growing import markets in Iron Blocks for Belgium between 2022 and 2023 were United Kingdom ($1.57M), India ($1.52M), and Poland ($1.01M).

Latest Trends

October 2024

About

Overview In October 2024 Belgium's Iron Blocks exports accounted up to €23.1M and imports accounted up to €27.5M, resulting in a negative trade balance of €4.46M. Between October 2023 and October 2024 the exports of Belgium's   Iron Blocks have decreased by €-6.3M (-21.4%) from €29.4M to €23.1M, while imports increased by €2.09M (8.2%) from €25.4M to €27.5M.

Destinations In October 2024, Iron Blocks were exported mostly to France (€10.1M), Netherlands (€3.93M), Germany (€2.68M), United Kingdom (€839k), and Luxembourg (€750k), and were imported mostly from Luxembourg (€10.2M), Netherlands (€4.59M), Germany (€4.51M), Spain (€3.61M), and France (€2.73M).

Growth In October 2024, the decrease in Iron Blocks's year-by-year exports was explained primarily by a decrease in exports to Netherlands (€-1.93M or -39.8%), France (€-1.21M or -12.8%), and Spain (€-610k or -69.3%). In October 2024, the increase in Iron Blocks's year-by-year imports was explained primarily by an increase in imports from Spain (€1.29M or 36.8%), Netherlands (€475k or 10.1%), and Germany (€226k or 3.64%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)€-6.3M(-21.4%)
IMPORT GROWTH (October 2023 - October 2024)€2.09M(8.2%)
MAIN DESTINATION (October 2024)France€10.1M

This section shows Iron Blocks'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 Iron Blocks over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$228M
IMPORTS (2023)$345M
NET TRADE (2023)-$117M

In 2023, Belgium exported $228M in Iron Blocks. The main destinations of Belgium exports on Iron Blocks were France ($97.5M), Netherlands ($34.7M), Germany ($21.2M), United Kingdom ($8.36M), and Poland ($5.4M).

In 2023, Belgium imported $345M in Iron Blocks, mainly from Luxembourg ($92M), Germany ($77M), Netherlands ($60.8M), Spain ($43.6M), and France ($26.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Blocks EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
United Kingdom$5.15M (161%)
Japan$4.05M (797%)
Algeria$2.77M (931%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Blocks BY Belgium WERE (2022 - 2023):
France-$8.51M (-8.03%)
Netherlands-$7.92M (-18.6%)
Poland-$3.93M (-42.1%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Iron Blocks were:
China $2.69B
Spain $1.83B
Germany $1.64B
In 2023, Belgium's main importing competitors in Iron Blocks were:
United States $1.11B
Germany $1.02B
France $974M

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Trade Value of Iron Blocks by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $24.8M
TOP IMPORT POTENTIALGermany+ $29.5M

Iron Blocks’s highest export potential is Germany. With an export gap of $24.8M.   Iron Blocks’s highest import potential is Germany with an import gap of $29.5M.

See methodology.

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