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2022
Exports $434MWorld Rnk 25 / 129
Flag Rnk 162 / 1213
2022
Destination $29.3M Germany
2021 - 2022
FASTEST GROWING MARKET $29.3MNetherlands
2022
PRODUCT COMPLEXITY IN Ferroalloys-1.24Rnk 892 / 1025
2022
Imports $947MWorld Rnk 13 / 172
Flag Rnk 95 / 1214
2022
Origin $117M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $117MBrazil
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $434M in Ferroalloys, making it the 25th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 162nd most exported product in Belgium. The main destination of Ferroalloys exports from Belgium are: Germany ($122M), Netherlands ($106M), France ($42.3M), Sweden ($34.4M), and Italy ($29.5M).

The fastest growing export markets for Ferroalloys of Belgium between 2021 and 2022 were Netherlands ($29.3M), Germany ($19.4M), and Sweden ($17.8M).

Imports In 2022, Belgium imported $947M in Ferroalloys, becoming the 13th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 95th most imported product in Belgium. Belgium imports Ferroalloys primarily from: Netherlands ($308M), Brazil ($248M), Sweden ($71.8M), Norway ($66.8M), and South Africa ($45.9M).

The fastest growing import markets in Ferroalloys for Belgium between 2021 and 2022 were Brazil ($117M), Colombia ($23.2M), and Norway ($19.2M).

Latest Trends

August 2024

About

Overview In August 2024 Belgium's Ferroalloys exports accounted up to €19.7M and imports accounted up to €34.9M, resulting in a negative trade balance of €15.2M. Between August 2023 and August 2024 the exports of Belgium's   Ferroalloys have decreased by €-5.65M (-22.3%) from €25.4M to €19.7M, while imports increased by €2.96M (9.25%) from €32M to €34.9M.

Destinations In August 2024, Ferroalloys were exported mostly to Germany (€8.84M), Netherlands (€6.4M), Austria (€876k), Finland (€862k), and Sweden (€854k), and were imported mostly from Netherlands (€27.5M), South Africa (€3M), France (€1.43M), Iran (€568k), and Germany (€521k).

Growth In August 2024, the decrease in Ferroalloys's year-by-year exports was explained primarily by a decrease in exports to Czechia (€-2.16M or -99.9%), Hungary (€-80.9k or -78.8%), and Poland (€-47k or -18.3%). In August 2024, the increase in Ferroalloys's year-by-year imports was explained primarily by an increase in imports from Norway (€7.1M or 2.51k%), Brazil (€2.8M or 494%), and Argentina (€616k or 4.11k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (August 2023 - August 2024)€-5.65M(-22.3%)
IMPORT GROWTH (August 2023 - August 2024)€2.96M(9.25%)
MAIN DESTINATION (August 2024)Germany€8.84M

This section shows Ferroalloys'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 Ferroalloys over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$434M
IMPORTS (2022)$947M
NET TRADE (2022)-$512M

In 2022, Belgium exported $434M in Ferroalloys. The main destinations of Belgium exports on Ferroalloys were Germany ($122M), Netherlands ($106M), France ($42.3M), Sweden ($34.4M), and Italy ($29.5M).

In 2022, Belgium imported $947M in Ferroalloys, mainly from Netherlands ($308M), Brazil ($248M), Sweden ($71.8M), Norway ($66.8M), and South Africa ($45.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
Netherlands$29.3M (38.4%)
Germany$19.4M (18.9%)
Sweden$17.8M (108%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Belgium WERE (2021 - 2022):
Austria-$12.3M (-50.7%)
Poland-$3.74M (-53.4%)
Luxembourg-$1.23M (-97.6%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Ferroalloys were:
Indonesia $13.7B
South Africa $4.4B
Brazil $4.24B
In 2022, Belgium's main importing competitors in Ferroalloys were:
China $19.9B
United States $4.85B
Japan $3.5B

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Trade Value of Ferroalloys by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $50.5M
TOP IMPORT POTENTIALGermany+ $22.2M

Ferroalloys’s highest export potential is Germany. With an export gap of $50.5M.   Ferroalloys’s highest import potential is Germany with an import gap of $22.2M.

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