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2022
Exports $843kWorld Rnk 32 / 80
Flag Rnk 1112 / 1213
2022
Destination $55.2kN/A
2021 - 2022
FASTEST GROWING MARKET $55.2kUnited States
2022
PRODUCT COMPLEXITY IN Rare-Earth Metal Compounds0.68Rnk 287 / 1025
2022
Imports $3.04MWorld Rnk 36 / 144
Flag Rnk 1096 / 1214
2022
Origin $753k Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $753kFrance
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

The fastest growing export markets for Rare-Earth Metal Compounds of Belgium between 2021 and 2022 were United States ($55.2k), Spain ($50.2k), and Japan ($8.29k).

Imports In 2022, Belgium imported $3.04M in Rare-Earth Metal Compounds, becoming the 36th largest importer of Rare-Earth Metal Compounds in the world. At the same year, Rare-Earth Metal Compounds was the 1096th most imported product in Belgium. Belgium imports Rare-Earth Metal Compounds primarily from: Netherlands ($1.35M), France ($981k), Israel ($251k), Germany ($101k), and Poland ($86.1k).

The fastest growing import markets in Rare-Earth Metal Compounds for Belgium between 2021 and 2022 were France ($753k), Netherlands ($699k), and Israel ($251k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Rare-Earth Metal Compounds exports accounted up to €6.81k and imports accounted up to €31.6k, resulting in a negative trade balance of €24.8k. Between May 2023 and May 2024 the exports of Belgium's   Rare-Earth Metal Compounds have decreased by €-74.6k (-91.6%) from €81.4k to €6.81k, while imports decreased by €-51.3k (-61.8%) from €82.9k to €31.6k.

Destinations In May 2024, Rare-Earth Metal Compounds were exported mostly to Germany (€2.74k), China (€2.63k), Austria (€685), Canada (€434), and Switzerland (€209), and were imported mostly from Austria (€23k), Germany (€3.31k), Czechia (€3.08k), and China (€2.27k).

Growth In May 2024, the decrease in Rare-Earth Metal Compounds's year-by-year exports was explained primarily by a decrease in exports to Turkey (€-3.66k or -97.6%), Czechia (€-1.01k or -79.5%), and Sweden (€-683 or -69.2%). In May 2024, the decrease in Rare-Earth Metal Compounds's year-by-year imports was explained primarily by a decrease in imports from France (€-26k or -99.3%), Austria (€-6.04k or -86.8%), and Germany (€-1.95k or -43.3%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-74.6k(-91.6%)
IMPORT GROWTH (May 2023 - May 2024)€-51.3k(-61.8%)
MAIN DESTINATION (May 2024)Germany€2.74k

This section shows Rare-Earth Metal Compounds'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 Rare-Earth Metal Compounds over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$843k
IMPORTS (2022)$3.04M
NET TRADE (2022)-$2.19M

In 2022, Belgium imported $3.04M in Rare-Earth Metal Compounds, mainly from Netherlands ($1.35M), France ($981k), Israel ($251k), Germany ($101k), and Poland ($86.1k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Rare-Earth Metal Compounds EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
United States$55.2k (125%)
Spain$50.2k (713%)
Japan$8.29k (261%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Rare-Earth Metal Compounds BY Belgium WERE (2021 - 2022):
Philippines-$735k (-63.4%)
Austria-$63.6k (-92.7%)
France-$56.3k (-51.7%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Rare-Earth Metal Compounds were:
Malaysia $690M
China $679M
Burma $604M
In 2022, Belgium's main importing competitors in Rare-Earth Metal Compounds were:
China $1.48B
Japan $488M
Vietnam $376M

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Trade Value of Rare-Earth Metal Compounds by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $107k
TOP IMPORT POTENTIALFrance+ $384k

Rare-Earth Metal Compounds’s highest export potential is Germany. With an export gap of $107k.   Rare-Earth Metal Compounds’s highest import potential is France with an import gap of $384k.

See methodology.

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