2023
Exports
$372MWorld Rnk 22 / 226
Flag Rnk 190 / 1216
2023
PRODUCT COMPLEXITY IN Iron Fasteners
1.67Rnk 25 / 1025
2023
Imports
$626MWorld Rnk 22 / 226
Flag Rnk 114 / 1213
2023
ECONOMIC COMPLEXITY of Belgium
1.23Rnk 20 / 132

About

Exports In 2023, Belgium exported $372M in Iron Fasteners, making it the 22nd largest exporter of Iron Fasteners in the world. At the same year, Iron Fasteners was the 190th most exported product in Belgium. The main destination of Iron Fasteners exports from Belgium are: France ($102M), Netherlands ($74.9M), Germany ($45.6M), Italy ($12.8M), and United States ($11.5M).

The fastest growing export markets for Iron Fasteners of Belgium between 2022 and 2023 were Germany ($8.21M), Netherlands ($2.71M), and United States ($1.74M).

Imports In 2023, Belgium imported $626M in Iron Fasteners, becoming the 22nd largest importer of Iron Fasteners in the world. At the same year, Iron Fasteners was the 114th most imported product in Belgium. Belgium imports Iron Fasteners primarily from: Germany ($170M), Netherlands ($118M), France ($54.2M), China ($49.7M), and Italy ($41.9M).

The fastest growing import markets in Iron Fasteners for Belgium between 2022 and 2023 were Czechia ($4.64M), Spain ($4.29M), and Poland ($3.55M).

COMPANIES In 2023, leading companies such as Rolls-Royce (7), ZF Friedrichshafen (4), and Danfoss (3) were at the forefront of shipping Iron Fasteners from Belgium to the United States.

Latest Trends

November 2024

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (November 2023 - November 2024)€3.91M(15.6%)
IMPORT GROWTH (November 2023 - November 2024)€7.44M(24.4%)
MAIN DESTINATION (November 2024)France€4.91M

This section shows Iron Fasteners'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 Iron Fasteners over time.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$372M
IMPORTS (2023)$626M
NET TRADE (2023)-$254M

In 2023, Belgium exported $372M in Iron Fasteners. The main destinations of Belgium exports on Iron Fasteners were France ($102M), Netherlands ($74.9M), Germany ($45.6M), Italy ($12.8M), and United States ($11.5M).

In 2023, Belgium imported $626M in Iron Fasteners, mainly from Germany ($170M), Netherlands ($118M), France ($54.2M), China ($49.7M), and Italy ($41.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Iron Fasteners EXPORT MARKETS FOR Belgium WERE (2022 - 2023):
Germany$8.21M (21.9%)
Netherlands$2.71M (3.75%)
United States$1.74M (17.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron Fasteners BY Belgium WERE (2022 - 2023):
India-$7.11M (-74.8%)
France-$3.46M (-3.28%)
Czechia-$2.29M (-38.1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

View
Flow
Type
In 2023, Belgium's main exporting competitors in Iron Fasteners were:
In 2023, Belgium's main importing competitors in Iron Fasteners were:

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Trade Value of Iron Fasteners by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $57.7M
TOP IMPORT POTENTIALGermany+ $87.1M

Iron Fasteners’s highest export potential is Germany. With an export gap of $57.7M.   Iron Fasteners’s highest import potential is Germany with an import gap of $87.1M.

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