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2022
Exports $705MWorld Rnk 21 / 222
Flag Rnk 105 / 1213
2022
Destination $19.2M France
2021 - 2022
FASTEST GROWING MARKET $19.2MUnited States
2022
PRODUCT COMPLEXITY IN Other Iron Products0.8Rnk 243 / 1025
2022
Imports $1.11BWorld Rnk 18 / 225
Flag Rnk 72 / 1214
2022
Origin $28.5M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $28.5MNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $705M in Other Iron Products, making it the 21st largest exporter of Other Iron Products in the world. At the same year, Other Iron Products was the 105th most exported product in Belgium. The main destination of Other Iron Products exports from Belgium are: France ($123M), Netherlands ($114M), Japan ($73.3M), Germany ($64.9M), and United States ($48.1M).

The fastest growing export markets for Other Iron Products of Belgium between 2021 and 2022 were United States ($19.2M), Italy ($7.17M), and France ($6.9M).

Imports In 2022, Belgium imported $1.11B in Other Iron Products, becoming the 18th largest importer of Other Iron Products in the world. At the same year, Other Iron Products was the 72nd most imported product in Belgium. Belgium imports Other Iron Products primarily from: Netherlands ($196M), Germany ($145M), China ($126M), France ($115M), and Italy ($98.6M).

The fastest growing import markets in Other Iron Products for Belgium between 2021 and 2022 were Netherlands ($28.5M), France ($27.2M), and Turkey ($8.69M).

COMPANIES In 2023, leading companies such as ABB Motors and Mechanical (26), Rolls-Royce (7), and Victaulic (2) were at the forefront of shipping Other Iron Products from Belgium to the United States.

Latest Trends

July 2024

About

Overview In July 2024 Belgium's Other Iron Products exports accounted up to €44.5M and imports accounted up to €50.9M, resulting in a negative trade balance of €6.47M. Between July 2023 and July 2024 the exports of Belgium's   Other Iron Products have increased by €9.87M (28.5%) from €34.6M to €44.5M, while imports increased by €1.62M (3.28%) from €49.3M to €50.9M.

Destinations In July 2024, Other Iron Products were exported mostly to United States (€8.6M), France (€5.69M), Netherlands (€5.54M), United Kingdom (€3.88M), and Germany (€2.53M), and were imported mostly from Germany (€9.27M), Netherlands (€8.2M), Italy (€5.88M), France (€5.01M), and China (€4.65M).

Growth In July 2024, the increase in Other Iron Products's year-by-year exports was explained primarily by an increase in exports to France (€2.88M or 43.8%), Mexico (€2.74M or 538%), and Japan (€1.93M or 27.3%). In July 2024, the increase in Other Iron Products's year-by-year imports was explained primarily by an increase in imports from Turkey (€1.44M or 107%), Czechia (€1.12M or 35.2%), and Poland (€900k or 39.4%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (July 2023 - July 2024)€9.87M(28.5%)
IMPORT GROWTH (July 2023 - July 2024)€1.62M(3.28%)
MAIN DESTINATION (July 2024)United States€8.6M

This section shows Other Iron 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 Other Iron Products over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$705M
IMPORTS (2022)$1.11B
NET TRADE (2022)-$409M

In 2022, Belgium exported $705M in Other Iron Products. The main destinations of Belgium exports on Other Iron Products were France ($123M), Netherlands ($114M), Japan ($73.3M), Germany ($64.9M), and United States ($48.1M).

In 2022, Belgium imported $1.11B in Other Iron Products, mainly from Netherlands ($196M), Germany ($145M), China ($126M), France ($115M), and Italy ($98.6M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Other Iron Products EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$19.2M (66.3%)
Italy$7.17M (35.7%)
France$6.9M (5.93%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Other Iron Products BY Belgium WERE (2021 - 2022):
Japan-$16.1M (-18%)
Germany-$7.95M (-10.9%)
Portugal-$5.59M (-39.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Other Iron Products were:
China $18.4B
Germany $6.21B
United States $5.56B
In 2022, Belgium's main importing competitors in Other Iron Products were:
United States $8.99B
Germany $7.58B
Mexico $3.93B

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Trade Value of Other Iron Products by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $74.1M
TOP IMPORT POTENTIALGermany+ $101M

Other Iron Products’s highest export potential is Germany. With an export gap of $74.1M.   Other Iron Products’s highest import potential is Germany with an import gap of $101M.

See methodology.

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