HS Icon Iron & steel in  Flag Belgium

2020
Exports | Imports
: $11.4B | $8.29B, World Rnk 7 / 221
Flag Rnk 8 / 96 | World Rnk 12 / 225
Flag Rnk 10 / 96

2019 - 2020
FASTEST GROWING MARKET | FASTEST GROWING ORIGIN
: $40.3M | $71.8M, Turkey |  Turkey

2020
ECONOMIC COMPLEXITY of Belgium
: 1.33, Rnk 17 / 127

2020
PRODUCT COMPLEXITY  IN Iron & steel
: 1.68, Rnk 28 / 1029

Exports In 2020, Belgium exported $11.4B in Iron & steel, making it the 7th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 8th most exported product in Belgium. The main destination of Iron & steel exports from Belgium are: France ($2.71B), Germany ($2.51B), Netherlands ($1.39B), Turkey ($643M), and Italy ($603M).

The fastest growing export markets for Iron & steel of Belgium between 2019 and 2020 were Turkey ($40.3M), Luxembourg ($24.6M), and Greece ($7.43M).

Imports In 2020, Belgium imported $8.29B in Iron & steel, becoming the 12th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 10th most imported product in Belgium. Belgium imports Iron & steel primarily from: Germany ($1.78B), France ($1.48B), Netherlands ($1.26B), Russia ($699M), and India ($311M).

The fastest growing import markets in Iron & steel for Belgium between 2019 and 2020 were Turkey ($71.8M), Guatemala ($5.56M), and Romania ($5.07M).

Tariffs In 2017, the average tariff for Belgium in Iron & steel was 0.15%. The countries with the highest import tariffs for Iron & steel were Ukraine (European Union Generalized System of Preference, 3.11%), Republic of the Congo (European Union Generalized System of Preference, 1.35%), Nigeria (European Union Generalized System of Preference, 1.35%), Indonesia (European Union Generalized System of Preference, 1.35%), and India (European Union Generalized System of Preference, 1.35%).

Subnational Monthly Trade

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Time Scale
Flow
Value

EXPORT GROWTH (October 2021 - October 2022): €-172M, (-13%)

IMPORT GROWTH (October 2021 - October 2022): €-354M, (-31.7%)

MAIN DESTINATION (October 2022): Germany, €291M

This section shows Iron & steel'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 & steel over time.

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Historical Data

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EXPORTS (2020): $11.4B

IMPORTS (2020): $8.29B

NET TRADE (2020): $3.1B

In 2020, Belgium exported $11.4B in Iron & steel. The main destinations of Belgium exports on Iron & steel were France ($2.71B), Germany ($2.51B), Netherlands ($1.39B), Turkey ($643M), and Italy ($603M).

In 2020, Belgium imported $8.29B in Iron & steel, mainly from Germany ($1.78B), France ($1.48B), Netherlands ($1.26B), Russia ($699M), and India ($311M).

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Flow

THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Belgium WERE (2019 - 2020):

THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Belgium WERE (2019 - 2020):

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Market Concentration

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In 2020, Belgium's main exporting competitors in Iron & steel were:

In 2020, Belgium's main importing competitors in Iron & steel were:

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