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2022
Exports $34.1MWorld Rnk 18 / 126
Flag Rnk 630 / 1213
2022
Destination $3.24M France
2021 - 2022
FASTEST GROWING MARKET $3.24MHong Kong
2022
PRODUCT COMPLEXITY IN Iron Railway Products0.37Rnk 418 / 1025
2022
Imports $106MWorld Rnk 9 / 203
Flag Rnk 498 / 1214
2022
Origin $17.4M France
2021 - 2022
FASTEST GROWING ORIGIN $17.4MSpain
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $34.1M in Iron Railway Products, making it the 18th largest exporter of Iron Railway Products in the world. At the same year, Iron Railway Products was the 630th most exported product in Belgium. The main destination of Iron Railway Products exports from Belgium are: France ($9.68M), Hong Kong ($4.61M), India ($2.49M), Luxembourg ($1.97M), and Singapore ($1.86M).

The fastest growing export markets for Iron Railway Products of Belgium between 2021 and 2022 were Hong Kong ($3.24M), Tunisia ($866k), and France ($455k).

Imports In 2022, Belgium imported $106M in Iron Railway Products, becoming the 9th largest importer of Iron Railway Products in the world. At the same year, Iron Railway Products was the 498th most imported product in Belgium. Belgium imports Iron Railway Products primarily from: France ($50.7M), Spain ($23.7M), Luxembourg ($11.4M), Germany ($4.55M), and China ($3.46M).

The fastest growing import markets in Iron Railway Products for Belgium between 2021 and 2022 were Spain ($17.4M), China ($1.45M), and Luxembourg ($869k).

COMPANIES In 2023, leading companies such as Ford Motor Company (1) and John Deere (1) were at the forefront of shipping Iron Railway Products from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Iron Railway Products exports accounted up to €1.38M and imports accounted up to €6.39M, resulting in a negative trade balance of €5.01M. Between July 2023 and July 2024 the exports of Belgium's   Iron Railway Products have decreased by €-1.37M (-49.7%) from €2.75M to €1.38M, while imports decreased by €-2.57M (-28.7%) from €8.96M to €6.39M.

Destinations In July 2024, Iron Railway Products were exported mostly to Gabon (€396k), Luxembourg (€200k), Germany (€191k), France (€155k), and Mexico (€113k), and were imported mostly from France (€3.56M), Spain (€725k), Luxembourg (€464k), Austria (€407k), and Germany (€385k).

Growth In July 2024, the decrease in Iron Railway Products's year-by-year exports was explained primarily by a decrease in exports to Israel (€-1.01M or -91.3%), Netherlands (€-196k or -99.9%), and United Arab Emirates (€-127k or -99%). In July 2024, the decrease in Iron Railway Products's year-by-year imports was explained primarily by a decrease in imports from France (€-1.83M or -40.7%) and Spain (€-290k or -75.1%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€-1.37M(-49.7%)
IMPORT GROWTH (July 2023 - July 2024)€-2.57M(-28.7%)
MAIN DESTINATION (July 2024)Gabon€396k

This section shows Iron Railway Products'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 Railway Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$34.1M
IMPORTS (2022)$106M
NET TRADE (2022)-$72.3M

In 2022, Belgium exported $34.1M in Iron Railway Products. The main destinations of Belgium exports on Iron Railway Products were France ($9.68M), Hong Kong ($4.61M), India ($2.49M), Luxembourg ($1.97M), and Singapore ($1.86M).

In 2022, Belgium imported $106M in Iron Railway Products, mainly from France ($50.7M), Spain ($23.7M), Luxembourg ($11.4M), Germany ($4.55M), and China ($3.46M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron Railway Products EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Hong Kong$3.24M (236%)
Tunisia$866k (4.14k%)
France$455k (4.93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Railway Products BY Belgium WERE (2021 - 2022):
Egypt-$18.2M (-99.4%)
Israel-$12.6M (-98.9%)
Canada-$2.33M (-85.8%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Iron Railway Products were:
Austria $627M
China $573M
United States $334M
In 2022, Belgium's main importing competitors in Iron Railway Products were:
Germany $452M
Canada $299M
United States $216M

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Trade Value of Iron Railway Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $1.88M
TOP IMPORT POTENTIALGermany+ $4.01M

Iron Railway Products’s highest export potential is Germany. With an export gap of $1.88M.   Iron Railway Products’s highest import potential is Germany with an import gap of $4.01M.

See methodology.

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