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2023
Exports $2.12BWorld Rnk 12 / 102
Flag Rnk 26 / 1216
2023
Destination $4.94M France
2022 - 2023
FASTEST GROWING MARKET $4.94MUkraine
2023
PRODUCT COMPLEXITY IN Electricity-0.74Rnk 770 / 1025
2023
Imports $2.07BWorld Rnk 10 / 126
Flag Rnk 23 / 1213
2023
Origin $201M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $201MFrance
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $2.12B in Electricity, making it the 12th largest exporter of Electricity in the world. At the same year, Electricity was the 26th most exported product in Belgium. The main destination of Electricity exports from Belgium are: France ($610M), United Kingdom ($474M), Netherlands ($444M), Germany ($302M), and Luxembourg ($238M).

The fastest growing export markets for Electricity of Belgium between 2022 and 2023 were Ukraine ($4.94M).

Imports In 2023, Belgium imported $2.07B in Electricity, becoming the 10th largest importer of Electricity in the world. At the same year, Electricity was the 23rd most imported product in Belgium. Belgium imports Electricity primarily from: Netherlands ($914M), France ($705M), Germany ($294M), United Kingdom ($98.5M), and Ukraine ($55.3M).

The fastest growing import markets in Electricity for Belgium between 2022 and 2023 were France ($201M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Electricity exports accounted up to €125M and imports accounted up to €257M, resulting in a negative trade balance of €132M. Between November 2023 and November 2024 the exports of Belgium's   Electricity have increased by €19.5M (18.4%) from €106M to €125M, while imports increased by €131M (104%) from €126M to €257M.

Destinations In November 2024, Electricity were exported mostly to United Kingdom (€43.8M), Germany (€32.9M), Netherlands (€22.1M), France (€18.4M), and Luxembourg (€8.35M), and were imported mostly from Netherlands (€159M), France (€66.5M), Germany (€24.5M), United Kingdom (€6.52M), and Luxembourg (€610k).

Growth In November 2024, the increase in Electricity's year-by-year exports was explained primarily by an increase in exports to Netherlands (€25.2M or 80.5%) and Luxembourg (€4.67M or 20.8%). In November 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 (November 2023 - November 2024)€19.5M(18.4%)
IMPORT GROWTH (November 2023 - November 2024)€131M(104%)
MAIN DESTINATION (November 2024)United Kingdom€43.8M

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 (2023)$2.12B
IMPORTS (2023)$2.07B
NET TRADE (2023)$54M

In 2023, Belgium exported $2.12B in Electricity. The main destinations of Belgium exports on Electricity were France ($610M), United Kingdom ($474M), Netherlands ($444M), Germany ($302M), and Luxembourg ($238M).

In 2023, Belgium imported $2.07B in Electricity, mainly from Netherlands ($914M), France ($705M), Germany ($294M), United Kingdom ($98.5M), and Ukraine ($55.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Belgium WERE (2022 - 2023):Ukraine$4.94M (10.1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Belgium WERE (2022 - 2023):
France-$2.84B (-82.3%)
Netherlands-$794M (-64.1%)
United Kingdom-$330M (-41%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Electricity were:
France $9.94B
Germany $6.02B
Switzerland $4.6B
In 2023, Belgium's main importing competitors in Electricity were:
Germany $7.52B
Italy $7.21B
Switzerland $4.21B

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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.

See methodology.

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