Iron or steel articles in Belgium 2021 Exports | Imports : $4.88B | $6.43B, World Rnk 20 / 226 Rnk 12 / 96 | World Rnk 12 / 226 Rnk 12 / 96
2020 - 2021 FASTEST GROWING MARKET | FASTEST GROWING ORIGIN: $281M | $282M, France | Netherlands
2021 ECONOMIC COMPLEXITY of Belgium: 1.28, Rnk 18 / 131
2021 PRODUCT COMPLEXITY IN Iron or steel articles: 1.69, Rnk 27 / 1029
Exports In 2021, Belgium exported $4.88B in Iron or steel articles, making it the 20th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 12th most exported product in Belgium. The main destination of Iron or steel articles exports from Belgium are: France ($1.21B), Netherlands ($1.13B), Germany ($694M), United Kingdom ($242M), and Poland ($130M).
The fastest growing export markets for Iron or steel articles of Belgium between 2020 and 2021 were France ($281M), Netherlands ($269M), and Germany ($137M).
Imports In 2021, Belgium imported $6.43B in Iron or steel articles, becoming the 12th 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 ($1.34B), Germany ($1.05B), China ($732M), France ($522M), and Italy ($474M).
The fastest growing import markets in Iron or steel articles for Belgium between 2020 and 2021 were Netherlands ($282M), China ($208M), and Germany ($156M).
Tariffs In 2019, the average tariff for Belgium in Iron or steel articles was 0.7%. The countries with the highest import tariffs for Iron or steel articles were Republic of the Congo (Most Favoured Nation duty rate treatment, 1.93%), Western Sahara (Most Favoured Nation duty rate treatment, 1.93%), Gabon (Most Favoured Nation duty rate treatment, 1.93%), Libya (Most Favoured Nation duty rate treatment, 1.93%), and Mayotte (Most Favoured Nation duty rate treatment, 1.93%).
February 2023
Overview In February 2023 Belgium's Iron or steel articles exports accounted up to €338M and imports accounted up to €382M, resulting in a negative trade balance of €44.4M. Between February 2022 and February 2023 the exports of Belgium's Iron or steel articles have increased by €10.3M (3.14%) from €327M to €338M, while imports increased by €2.12M (0.56%) from €380M to €382M.
Destinations In February 2023, Iron or steel articles were exported mostly to France (€84.6M), Netherlands (€65.5M), Germany (€42.9M), United Kingdom (€19.7M), and United States (€16.1M), and were imported mostly from Netherlands (€83.5M), Germany (€77M), Italy (€33.5M), France (€29.3M), and China (€27.6M).
Growth In February 2023, the increase in Iron or steel articles's year-by-year exports was explained primarily by an increase in exports to Netherlands (€15.9M or 30.5%), Egypt (€4.18M or 5.81k%), and Cote d'Ivoire (€3.05M or 2.05k%). In February 2023, the increase in Iron or steel articles's year-by-year imports was explained primarily by an increase in imports from China (€28.9M or 127%), Netherlands (€13M or 18.1%), and Italy (€10.1M or 50.6%).
EXPORT GROWTH (February 2022 - February 2023): €10.3M, (3.14%)
IMPORT GROWTH (February 2022 - February 2023): €2.12M, (0.56%)
MAIN DESTINATION (February 2023): France, €84.6M
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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EXPORTS (2021): $4.88B
IMPORTS (2021): $6.43B
NET TRADE (2021): -$1.55B
In 2021, Belgium exported $4.88B in Iron or steel articles. The main destinations of Belgium exports on Iron or steel articles were France ($1.21B), Netherlands ($1.13B), Germany ($694M), United Kingdom ($242M), and Poland ($130M).
In 2021, Belgium imported $6.43B in Iron or steel articles, mainly from Netherlands ($1.34B), Germany ($1.05B), China ($732M), France ($522M), and Italy ($474M).
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Belgium WERE (2020 - 2021):
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Belgium WERE (2020 - 2021):
In 2021, Belgium's main exporting competitors in Iron or steel articles were:
In 2021, Belgium's main importing competitors in Iron or steel articles were:
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