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2022
Exports $6.35BWorld Rnk 5 / 98
Flag Rnk 8 / 1213
2022
Destination $2.13B France
2021 - 2022
FASTEST GROWING MARKET $2.13BFrance
2022
PRODUCT COMPLEXITY IN Electricity-0.67Rnk 750 / 1025
2022
Imports $4.11BWorld Rnk 8 / 128
Flag Rnk 15 / 1214
2022
Origin $1.09B Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $1.09BNetherlands
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $6.35B in Electricity, making it the 5th largest exporter of Electricity in the world. At the same year, Electricity was the 8th most exported product in Belgium. The main destination of Electricity exports from Belgium are: France ($3.21B), Netherlands ($1.24B), United Kingdom ($810M), Germany ($550M), and Luxembourg ($485M).

The fastest growing export markets for Electricity of Belgium between 2021 and 2022 were France ($2.13B), Netherlands ($676M), and Luxembourg ($350M).

Imports In 2022, Belgium imported $4.11B in Electricity, becoming the 8th largest importer of Electricity in the world. At the same year, Electricity was the 15th most imported product in Belgium. Belgium imports Electricity primarily from: Netherlands ($2.08B), Germany ($831M), United Kingdom ($608M), France ($504M), and Ukraine ($60.8M).

The fastest growing import markets in Electricity for Belgium between 2021 and 2022 were Netherlands ($1.09B), United Kingdom ($578M), and Germany ($449M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Electricity exports accounted up to €101M and imports accounted up to €108M, resulting in a negative trade balance of €7.02M. Between August 2023 and August 2024 the exports of Belgium's   Electricity have decreased by €-22.7M (-18.4%) from €123M to €101M, while imports increased by €635k (0.59%) from €107M to €108M.

Destinations In August 2024, Electricity were exported mostly to Netherlands (€32.8M), Germany (€32.7M), United Kingdom (€20M), France (€10.1M), and Luxembourg (€5.07M), and were imported mostly from France (€60.1M), Netherlands (€27.8M), United Kingdom (€14.3M), Germany (€5.01M), and Luxembourg (€478k).

Growth In August 2024, the decrease in Electricity's year-by-year exports was explained primarily by a decrease in exports to France (€-92.7M or -36.7%), United Kingdom (€-37.9M or -42.6%), and Germany (€-7.16M or -41.9%). In August 2024, the increase in Electricity's year-by-year imports was explained primarily by an increase in imports from France (€19.2M or 123%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-22.7M(-18.4%)
IMPORT GROWTH (August 2023 - August 2024)€635k(0.59%)
MAIN DESTINATION (August 2024)Netherlands€32.8M

This section shows Electricity'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 Electricity over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$6.35B
IMPORTS (2022)$4.11B
NET TRADE (2022)$2.23B

In 2022, Belgium exported $6.35B in Electricity. The main destinations of Belgium exports on Electricity were France ($3.21B), Netherlands ($1.24B), United Kingdom ($810M), Germany ($550M), and Luxembourg ($485M).

In 2022, Belgium imported $4.11B in Electricity, mainly from Netherlands ($2.08B), Germany ($831M), United Kingdom ($608M), France ($504M), and Ukraine ($60.8M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$2.13B (196%)
Netherlands$676M (120%)
Luxembourg$350M (259%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Belgium WERE (2021 - 2022):United Kingdom-$110M (-12%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Electricity were:
Germany $18B
France $11.1B
Switzerland $9.26B
In 2022, Belgium's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $445M
TOP IMPORT POTENTIALGermany+ $341M

Electricity’s highest export potential is Germany. With an export gap of $445M.   Electricity’s highest import potential is Germany with an import gap of $341M.

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