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2022
Exports $233MWorld Rnk 11 / 120
Flag Rnk 270 / 1213
2022
Destination $28.9M Germany
2021 - 2022
FASTEST GROWING MARKET $28.9MFrance
2022
PRODUCT COMPLEXITY IN Flat-Rolled Stainless Steel1.55Rnk 41 / 1025
2022
Imports $87.1MWorld Rnk 21 / 198
Flag Rnk 550 / 1214
2022
Origin $11M India
2021 - 2022
FASTEST GROWING ORIGIN $11MIndia
2022
ECONOMIC COMPLEXITY of Belgium1.25Rnk 19 / 133

About

Exports In 2022, Belgium exported $233M in Flat-Rolled Stainless Steel, making it the 11th largest exporter of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 270th most exported product in Belgium. The main destination of Flat-Rolled Stainless Steel exports from Belgium are: Germany ($118M), France ($49M), Netherlands ($9.84M), Italy ($7.67M), and Switzerland ($7.38M).

The fastest growing export markets for Flat-Rolled Stainless Steel of Belgium between 2021 and 2022 were France ($28.9M), Germany ($20.9M), and Italy ($3.14M).

Imports In 2022, Belgium imported $87.1M in Flat-Rolled Stainless Steel, becoming the 21st largest importer of Flat-Rolled Stainless Steel in the world. At the same year, Flat-Rolled Stainless Steel was the 550th most imported product in Belgium. Belgium imports Flat-Rolled Stainless Steel primarily from: India ($28.3M), Germany ($18.1M), Italy ($5.95M), Netherlands ($5.21M), and United States ($4.88M).

The fastest growing import markets in Flat-Rolled Stainless Steel for Belgium between 2021 and 2022 were India ($11M), Brazil ($1.12M), and Poland ($915k).

Latest Trends

May 2024

About

Overview In May 2024 Belgium's Flat-Rolled Stainless Steel exports accounted up to €901k and imports accounted up to €69.2k, resulting in a positive trade balance of €832k. Between May 2023 and May 2024 the exports of Belgium's   Flat-Rolled Stainless Steel have decreased by €-15.7M (-94.6%) from €16.6M to €901k, while imports decreased by €-3.07M (-97.8%) from €3.14M to €69.2k.

Destinations In May 2024, Flat-Rolled Stainless Steel were exported mostly to Switzerland (€322k), Canada (€252k), Czechia (€161k), China (€110k), and Austria (€28k), and were imported mostly from Brazil (€64k) and Switzerland (€5.27k).

Growth In May 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year exports was explained primarily by a decrease in exports to United States (€-308k or -99.9%), Czechia (€-165k or -95.1%), and Turkey (€-146k or -77.6%). In May 2024, the decrease in Flat-Rolled Stainless Steel's year-by-year imports was explained primarily by a decrease in imports from Sweden (€-830k or -90.6%), Germany (€-500k or -50%), and Netherlands (€-352k or -59.5%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (May 2023 - May 2024)€-15.7M(-94.6%)
IMPORT GROWTH (May 2023 - May 2024)€-3.07M(-97.8%)
MAIN DESTINATION (May 2024)Switzerland€322k

This section shows Flat-Rolled Stainless Steel'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 Flat-Rolled Stainless Steel over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$233M
IMPORTS (2022)$87.1M
NET TRADE (2022)$146M

In 2022, Belgium exported $233M in Flat-Rolled Stainless Steel. The main destinations of Belgium exports on Flat-Rolled Stainless Steel were Germany ($118M), France ($49M), Netherlands ($9.84M), Italy ($7.67M), and Switzerland ($7.38M).

In 2022, Belgium imported $87.1M in Flat-Rolled Stainless Steel, mainly from India ($28.3M), Germany ($18.1M), Italy ($5.95M), Netherlands ($5.21M), and United States ($4.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Flat-Rolled Stainless Steel EXPORT MARKETS FOR Belgium WERE (2021 - 2022):
France$28.9M (144%)
Germany$20.9M (21.5%)
Italy$3.14M (69.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Flat-Rolled Stainless Steel BY Belgium WERE (2021 - 2022):
Austria-$8.86M (-55.1%)
United Kingdom-$2.39M (-48.2%)
Russia-$1.59M (-93.5%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Belgium's main exporting competitors in Flat-Rolled Stainless Steel were:
Germany $953M
China $901M
Italy $575M
In 2022, Belgium's main importing competitors in Flat-Rolled Stainless Steel were:
Germany $909M
United States $376M
Italy $346M

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Trade Value of Flat-Rolled Stainless Steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $13.1M
TOP IMPORT POTENTIALGermany+ $10.7M

Flat-Rolled Stainless Steel’s highest export potential is Germany. With an export gap of $13.1M.   Flat-Rolled Stainless Steel’s highest import potential is Germany with an import gap of $10.7M.

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