Copper articles in Belgium | The Observatory of Economic Complexity

About

Exports In 2022, Belgium exported $4.35B in Copper articles, making it the 14th largest exporter of Copper articles in the world. At the same year, Copper articles was the 17th most exported product in Belgium. The main destination of Copper articles exports from Belgium are: Germany ($1.28B), France ($643M), United Kingdom ($420M), Morocco ($378M), and Netherlands ($281M).

The fastest growing export markets for Copper articles of Belgium between 2021 and 2022 were France ($159M), Morocco ($141M), and Portugal ($38.7M).

Imports In 2022, Belgium imported $3.77B in Copper articles, becoming the 15th largest importer of Copper articles in the world. At the same year, Copper articles was the 24th most imported product in Belgium. Belgium imports Copper articles primarily from: Germany ($748M), France ($616M), Bulgaria ($574M), United States ($334M), and Spain ($298M).

The fastest growing import markets in Copper articles for Belgium between 2021 and 2022 were United States ($120M), Brazil ($74.4M), and Zambia ($42.8M).

COMPANIES In 2023, leading companies such as GOODYEAR TIRE & RUBBER CO. (366) and TE CONNECTIVITY CORPORATION (176) were at the forefront of shipping Copper articles from Belgium to the United States.

Latest Trends

December 2023

About

Overview In December 2023 Belgium's Copper articles exports accounted up to €251M and imports accounted up to €387M, resulting in a negative trade balance of €137M. Between December 2022 and December 2023 the exports of Belgium's Copper articles have increased by €19.3M (8.36%) from €231M to €251M, while imports decreased by €-27.7M (-6.68%) from €415M to €387M.

Destinations In December 2023, Copper articles were exported mostly to Germany (€68.9M), France (€40.8M), Netherlands (€21.1M), Romania (€19.4M), and Morocco (€18.3M), and were imported mostly from Bulgaria (€121M), Germany (€105M), France (€41.2M), Sweden (€28.4M), and Spain (€17.6M).

Growth In December 2023, the increase in Copper articles's year-by-year exports was explained primarily by an increase in exports to France (€18.3M or 37.2%), Romania (€8.75M or 70.3%), and Italy (€5.08M or 46.3%). In December 2023, the decrease in Copper articles's year-by-year imports was explained primarily by a decrease in imports from Germany (€-46M or -38.7%), Italy (€-12M or -64%), and Paraguay (€-3.42M or -86.2%).

Subnational Monthly Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Color

Trade Value

Growth

Growth (%)

EXPORT GROWTH (December 2022 - December 2023)€19.3M(8.36%)

IMPORT GROWTH (December 2022 - December 2023)€-27.7M(-6.68%)

MAIN DESTINATION (December 2023)Germany€68.9M

This section shows Copper articles'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 Copper articles over time.

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Historical Data

Trade Balance

Color

Trade Value

Growth

Growth (%)

Year

EXPORTS (2022)$4.35B

IMPORTS (2022)$3.77B

NET TRADE (2022)$574M

In 2022, Belgium exported $4.35B in Copper articles. The main destinations of Belgium exports on Copper articles were Germany ($1.28B), France ($643M), United Kingdom ($420M), Morocco ($378M), and Netherlands ($281M).

In 2022, Belgium imported $3.77B in Copper articles, mainly from Germany ($748M), France ($616M), Bulgaria ($574M), United States ($334M), and Spain ($298M).

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