2022
Exports
$1.77BWorld Rnk 8 / 212
Flag Rnk 35 / 1213
2022
PRODUCT COMPLEXITY IN Scrap Iron
-0.59Rnk 720 / 1025
2022
Imports
$2.84BWorld Rnk 3 / 187
Flag Rnk 21 / 1214
2022
ECONOMIC COMPLEXITY of Belgium
1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $1.77B in Scrap Iron, making it the 8th largest exporter of Scrap Iron in the world. At the same year, Scrap Iron was the 35th most exported product in Belgium. The main destination of Scrap Iron exports from Belgium are: Turkey ($621M), Egypt ($348M), France ($227M), Netherlands ($202M), and India ($95.3M).

The fastest growing export markets for Scrap Iron of Belgium between 2021 and 2022 were India ($46.3M), France ($40.4M), and Pakistan ($18.5M).

Imports In 2018, Belgium imported $2.84B in Scrap Iron, becoming the 3rd largest importer of Scrap Iron in the world. At the same year, Scrap Iron was the 21st most imported product in Belgium. Belgium imports Scrap Iron primarily from: France ($1.06B), Germany ($1.03B), Netherlands ($483M), United Kingdom ($70.1M), and Spain ($31.3M).

The fastest growing import markets in Scrap Iron for Belgium between 2021 and 2022 were Netherlands ($80.7M), Spain ($19.7M), and Switzerland ($12.2M).

COMPANIES In 2023, leading companies such as Ford Motor Company (20), Volvo (10), and ABB Motors and Mechanical (4) were at the forefront of shipping Scrap Iron from Belgium to the United States.

Latest Trends

August 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€3M(4.07%)
IMPORT GROWTH (August 2023 - August 2024)€7.47M(4.04%)
MAIN DESTINATION (August 2024)Turkey€28M

This section shows Scrap Iron'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 Scrap Iron over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$1.77B
IMPORTS (2022)$2.84B
NET TRADE (2022)-$1.07B

In 2022, Belgium exported $1.77B in Scrap Iron. The main destinations of Belgium exports on Scrap Iron were Turkey ($621M), Egypt ($348M), France ($227M), Netherlands ($202M), and India ($95.3M).

In 2022, Belgium imported $2.84B in Scrap Iron, mainly from France ($1.06B), Germany ($1.03B), Netherlands ($483M), United Kingdom ($70.1M), and Spain ($31.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Scrap Iron EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
India$46.3M (94.4%)
France$40.4M (21.6%)
Pakistan$18.5M (26.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Scrap Iron BY Belgium WERE (2021 - 2022):
Egypt-$125M (-26.4%)
Turkey-$36.6M (-5.56%)
Luxembourg-$20.1M (-20.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Scrap Iron were:
In 2022, Belgium's main importing competitors in Scrap Iron were:
Turkey $8.77B
India $5.65B

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Trade Value of Scrap Iron by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $77.1M
TOP IMPORT POTENTIALNetherlands+ $79.1M

Scrap Iron’s highest export potential is Germany. With an export gap of $77.1M.   Scrap Iron’s highest import potential is Netherlands with an import gap of $79.1M.

See methodology.

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