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2023
Exports $431MWorld Rnk 19 / 126
Flag Rnk 167 / 1216
2023
Destination $31.9M Germany
2022 - 2023
FASTEST GROWING MARKET $31.9MNetherlands
2023
PRODUCT COMPLEXITY IN Ferroalloys-1.33Rnk 905 / 1025
2023
Imports $806MWorld Rnk 12 / 171
Flag Rnk 86 / 1213
2023
Origin $58.4M Netherlands
2022 - 2023
FASTEST GROWING ORIGIN $58.4MSouth Africa
2023
ECONOMIC COMPLEXITY of Belgium1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $431M in Ferroalloys, making it the 19th largest exporter of Ferroalloys in the world. At the same year, Ferroalloys was the 167th most exported product in Belgium. The main destination of Ferroalloys exports from Belgium are: Germany ($132M), Netherlands ($74.2M), France ($55.7M), Italy ($34.3M), and Sweden ($25.2M).

The fastest growing export markets for Ferroalloys of Belgium between 2022 and 2023 were Netherlands ($31.9M), Austria ($14.4M), and Spain ($6.21M).

Imports In 2023, Belgium imported $806M in Ferroalloys, becoming the 12th largest importer of Ferroalloys in the world. At the same year, Ferroalloys was the 86th most imported product in Belgium. Belgium imports Ferroalloys primarily from: Netherlands ($425M), South Africa ($122M), Brazil ($109M), Germany ($25.8M), and France ($25.2M).

The fastest growing import markets in Ferroalloys for Belgium between 2022 and 2023 were South Africa ($58.4M), China ($4.77M), and Czechia ($3.36M).

Latest Trends

November 2024

About

Overview In November 2024 Belgium's Ferroalloys exports accounted up to €35.2M and imports accounted up to €42.2M, resulting in a negative trade balance of €6.97M. Between November 2023 and November 2024 the exports of Belgium's   Ferroalloys have increased by €706k (2.05%) from €34.5M to €35.2M, while imports decreased by €-17.3M (-29.2%) from €59.5M to €42.2M.

Destinations In November 2024, Ferroalloys were exported mostly to Netherlands (€18M), Germany (€7.46M), United States (€1.78M), Czechia (€1.65M), and France (€1.34M), and were imported mostly from Netherlands (€24.2M), South Africa (€12.8M), South Korea (€1.21M), Germany (€1.11M), and France (€863k).

Growth In November 2024, the increase in Ferroalloys's year-by-year exports was explained primarily by an increase in exports to Netherlands (€21.6M or 507%), Spain (€3.24M or 517%), and Germany (€1.42M or 11.6%). In November 2024, the decrease in Ferroalloys's year-by-year imports was explained primarily by a decrease in imports from Netherlands (€-14.1M or -22.8%), South Africa (€-3.75M or -40.8%), and France (€-1.48M or -41%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€706k(2.05%)
IMPORT GROWTH (November 2023 - November 2024)€-17.3M(-29.2%)
MAIN DESTINATION (November 2024)Netherlands€18M

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 (2023)$431M
IMPORTS (2023)$806M
NET TRADE (2023)-$375M

In 2023, Belgium exported $431M in Ferroalloys. The main destinations of Belgium exports on Ferroalloys were Germany ($132M), Netherlands ($74.2M), France ($55.7M), Italy ($34.3M), and Sweden ($25.2M).

In 2023, Belgium imported $806M in Ferroalloys, mainly from Netherlands ($425M), South Africa ($122M), Brazil ($109M), Germany ($25.8M), and France ($25.2M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Ferroalloys EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Netherlands$31.9M (75.3%)
Austria$14.4M (139%)
Spain$6.21M (58.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Ferroalloys BY Belgium WERE (2022 - 2023):
France-$16.3M (-22.7%)
Sweden-$11.2M (-30.7%)
India-$10.7M (-91.4%)
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Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Ferroalloys were:
Indonesia $14.8B
South Africa $5.33B
Brazil $4.25B
In 2023, Belgium's main importing competitors in Ferroalloys were:
China $21.1B
United States $2.99B
Netherlands $2.49B

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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.

See methodology.

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