Iron or steel articles in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $4.92B in Iron or steel articles, making it the 21st largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 14th most exported product in Belgium. The main destination of Iron or steel articles exports from Belgium are: France ($1.17B), Netherlands ($1.12B), Germany ($690M), United Kingdom ($274M), and United States ($138M).

The fastest growing export markets for Iron or steel articles of Belgium between 2021 and 2022 were United States ($53.5M), United Kingdom ($36.2M), and China ($19.7M).

Imports In 2022, Belgium imported $6.5B in Iron or steel articles, becoming the 16th largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 12th most imported product in Belgium. Belgium imports Iron or steel articles primarily from: Netherlands ($1.32B), Germany ($1.02B), China ($731M), France ($593M), and Italy ($552M).

The fastest growing import markets in Iron or steel articles for Belgium between 2021 and 2022 were Italy ($78.8M), France ($70.3M), and Spain ($44M).

COMPANIES In 2023, leading companies such as SIGMA CORPORATION (260), ROLLS-ROYCE SOLUTIONS AMERICA INC. (252), and AGCO CORPORATION (161) were at the forefront of shipping Iron or steel articles from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Iron or steel articles exports accounted up to €267M and imports accounted up to €293M, resulting in a negative trade balance of €25.1M. Between December 2022 and December 2023 the exports of Belgium's Iron or steel articles have decreased by €-62.2M (-18.9%) from €330M to €267M, while imports decreased by €-65.4M (-18.3%) from €358M to €293M.

Destinations In December 2023, Iron or steel articles were exported mostly to Netherlands (€68.2M), France (€59.9M), Germany (€29.8M), United Kingdom (€14.9M), and Luxembourg (€10M), and were imported mostly from Netherlands (€69.1M), Germany (€51.2M), France (€28.6M), Italy (€24.9M), and China (€18.5M).

Growth In December 2023, the decrease in Iron or steel articles's year-by-year exports was explained primarily by a decrease in exports to Egypt (€-3.72M or -87.6%), Cote d'Ivoire (€-3.04M or -95%), and Netherlands (€-2.28M or -3.34%). In December 2023, the decrease in Iron or steel articles's year-by-year imports was explained primarily by a decrease in imports from China (€-15.8M or -30.6%), India (€-3.09M or -36.2%), and Netherlands (€-2.76M or -3.24%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€-62.2M(-18.9%)

IMPORT GROWTH (December 2022 - December 2023)€-65.4M(-18.3%)

MAIN DESTINATION (December 2023)Netherlands€68.2M

This section shows Iron or steel 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 Iron or steel articles over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.92B

IMPORTS (2022)$6.5B

NET TRADE (2022)-$1.59B

In 2022, Belgium exported $4.92B in Iron or steel articles. The main destinations of Belgium exports on Iron or steel articles were France ($1.17B), Netherlands ($1.12B), Germany ($690M), United Kingdom ($274M), and United States ($138M).

In 2022, Belgium imported $6.5B in Iron or steel articles, mainly from Netherlands ($1.32B), Germany ($1.02B), China ($731M), France ($593M), and Italy ($552M).

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